The global passive components market in 2021 was valued at US$35.69 billion. The market value is projected to reach US$49.04 billion by 2027. Passive electronic components refer to electrical parts that do not generate power and are incapable of power gain. Passive electronic components absorb energy and do not require electrical power to operate.

The market is expected to grow at a CAGR of 5.44% during the forecast period of 2022-2027, with multilayer ceramic capacitors (MLCCs) being the dominant product and a key growth driver. Given the rising MLCC usage in various growing sectors and applications (e.g., 5G infrastructure, 5G SP, server/cloud, and automotive), it is expected to project secular growth in demand for overall passive components over the next five years.

Scope of the Report:

The report titled “Global Passive Components Market: Analysis By Type (Capacitors, Resistors And Inductor), By Region Size And Trends With Impact Of COVID-19 And Forecast Up To 2027”, includes :

-- An in-depth analysis of the global passive components market by value, by type, by application, by region, etc.

-- The regional analysis of the passive components market, including the following regions:

North America (The US, Canada, and Mexico)
Europe (Germany, Italy, The UK, France and Rest of the Europe)
Asia Pacific (China, Japan, Asia excluding China & Japan)
Rest of the World

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the global passive components market.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the passive components market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of the passive components to improve the market status.

-- Identification of new technological developments, R&D activities, and product launches occuring in the passive components market.

-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.

-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

For further details, kindly visit :

https://www.daedal-research.com/electronics/global-passive-components-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2027

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