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Interconnects And Passive Components Market - Forecast(2024 - 2030)
Interconnects and Passive Components Market Overview
Interconnects and Passive Components market size is expected to reach $250.6 billion by 2026 at a CAGR of 5.8% during the forecast period 2021-2026, owing to the growing number of computing, communications, and consumer electronics (3C) applications drive the passive and interconnect market. Passive components are the building blocks in all kinds of electronic devices and appliances. These components are part of electronic circuitry and have been the major backbone of industries such as computing, communications, and consumer electronics.
Moreover growing trends of highly offline electronic components and optimization of processes in terms of costs and energy saving have led to the increase in advancements in the electronics sector. As a result, continual innovation and introduction of advanced technologies in the consumer electronics sector is thereby supplementing the growth of the overall passive and interconnecting components market worldwide.
Report Coverage
The report: “Interconnects and Passive Components Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Interconnects and Passive Components industry.
By Type: Passive Components (Resistors, Inductors, Capacitors, Transformers, and Diodes) Interconnects (Printed Circuit Boards, Connectors, Switches, Relays, Others).
By Application: Consumer Electronics, Telecommunication, Military and Aerospace, Automotive, Industrial, Healthcare and Others.
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia, Malaysia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle east and Africa).
Key Takeaways
- Interconnects and Passive Components market in APAC has held a share of 34.5% in the forecast period. This is due to high demand for consumer electronics products manufactured in the APAC region, especially China and India, which helps in the consistent growth of Interconnects and Passive Components market.
- Connectors segment in Interconnects and Passive Components are growing at a CAGR of 7.9% in the forecast period, owing to wide use of connectors across different applications such as automation, robotics, data transfer, and infotainment.
- Telecommunication segment is growing at a CAGR of 7.6% in the forecast period. In the telecommunications industry, advancements in the technologies such as transition from 4G to Voice over Long-Term Evolution (LTE/4G) and 5G are expected to boost the adoption of passive components and interconnects in the forecast period.
- Interconnects and Passive Components top 10 companies include Ametek, Inc., Amphenol Corporation, AVX Corporation, Chogori Technology Co., Ltd, Cisco Systems, Inc., Delphi Automotive LLP, Hirose Electric Co., Ltd, Hon Hai Precision Industry Co., Ltd., Hubbell Incorporated (Burndy LLC), HVP Global, LLC, among others.
Interconnects and Passive Components Market, By Type, 2020
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Interconnects and Passive Components Market Segment Analysis - By Type
Connectors segment in Interconnects and Passive Components are growing at a CAGR of 7.9% in the forecast period, owing to wide use of connectors across different applications such as automation, robotics, data transfer, and infotainment. Moreover, the demand for optical interconnects and fiber optic connectors in telecommunication and data processing applications boosts the demand for the connector segment. Moreover, growing number of data centres across the globe and surge in government initiatives to increase connectivity in rural areas of the developing economies are expected to provide lucrative opportunities for the market. In 2019, Google had committed to invest $3.3 billion to expand its data centres in Europe in the next two years. In addition countries such as India, China, U.S. and others are investing heavily for the development of advanced robots. In 2020, Chinese government has increased its spending more than $7.6 billion for the development of advanced robots by 2025. As connectors are used for several applications in robots and data centres. Hence these investments are analysed to drive the market in the forecast period 2021-2026.
Interconnects and Passive Components Market Segment Analysis - By Application
Telecommunication segment is growing at a CAGR of 7.6% in the forecast period. In the telecommunications industry, advancements in the technologies such as transition from 4G to Voice over Long-Term Evolution (LTE/4G) and 5G are expected to boost the adoption of passive components and interconnects in the forecast period. Applications of telecommunication include mobile phones, landline phones, set-top boxes, remote controls, base stations, and network equipment. In addition, passive components and interconnects are increasingly used in the telecommunications sector, owing to significant growth in the mobile handset market because of innovations in smartphones. Thus, the increasing demand for passive components and interconnects from computing, communication, and consumer electronics applications is driving the global Interconnects and Passive Components Market.
Interconnects and Passive Components Market Segment Analysis - By Geography
Interconnects and Passive Components market in APAC has held a share of 34.5% in the forecast period. This is due to the easy availability of raw material, cheap labor, and low production cost in this region. Moreover, the high demand for consumer electronics products manufactured in the APAC region, especially China and India, helps in the consistent growth of Interconnects and Passive Components market. With rising income and improved standard of living, the demand for computers; electronic appliances such as mobile phones, LED displays and multifunctional chips have grown rapidly in the country. Furthermore, the inexpensive consumer electronic products manufactured in China have attracted increasing demand from abroad. The Government of China has been continuously encouraging cities to establish industrial parks for electronic component production and are providing aid to research and development (R&D) activities. Moreover government of India is providing several incentives to the manufacturers with an investment of $400 million in the forecast period. Hence these factors drive the market growth.
Interconnects and Passive Components Market Drivers
Rising Adoption of Robots across Industries
Due to increased demand across economies, product manufacturers are adopting robots to automate some of the repetitive processes. According to the Robotic Industries Association, more than 250,000 industrial robots had been installed in the United States alone, which gives an estimate of the penetration of industrial robots. In addition, the industrial robots market has been witnessing huge demand over the past decade, owing to the rising adoption of smart factory systems, of which these robots play a vital part. According to CGTN, China's industrial robot production rose by 29.2% year on year in June to 20,761 units, reaching its highest growth rate in the first half of 2020. According to the data provided by the National Bureau of Statistics, with the growth accelerating from 16.9% in May, China has produced 93,794 units of industrial robots over the past six months, up by 10.3% from the same period last year. As Interconnects and Passive Components are used to deliver signal and power to every part of the robot to activate its functions. Hence these rising adoption of robots will drive the market growth in the forecast period 2021-2026.
Growing Adoption of Passive and Interconnects in Automotive Industry
The shift towards Advanced Driver Assistance Systems (ADAS), such as lane-keeping and adaptive cruise control, to increased levels of vehicle autonomy, is also creating demand for interconnects and passives components. Infotainment systems are also demanding more passives. In addition, the transition to hybrid and eventually fully electronic powertrains will also increase demand for passive components. As hybrid vehicles need sophisticated ECUs to manage the transition between electric and ICE driving, as well as regenerative-braking and battery-charging strategies. Fully electric vehicles exchange the complexity of managing a hybrid powertrain for the challenge of trying to ensure predictable range, fast charging and good performance from still-evolving battery technology. All this demands rich sensing, robust communications, and extensive use of power-electronics devices, and their supporting circuitry, to manage the flow of very large amounts of electrical energy. Moreover, companies such as Panasonic, Nichicon and so on have been developing advanced capacitors for automotive vehicles, Panasonic has developed the EEH-ZE series hybrid aluminium electrolytic capacitors for use in filtering the inputs and outputs of power converters and voltage regulators, and for power and battery decoupling. Nichicon offers UBY aluminium electrolytic capacitors for use in electric power steering and direct-injection engine drive systems. The parts offer higher capacitances and withstand much higher ripple currents than other electrolytic capacitors. Passives manufacturer TDK has responded by creating a range of CeraLink capacitors in low-profile packages, which can act as ripple current suppressors, DC link capacitors, and snubbers. Moreover passive components such as small sensors and multilayer ceramic capacitors are extensively used in the automotive industry for powertrain, infotainment, and safety applications. Hence these growing applications and adoptions in automotive sector will drive the market growth in the forecast period 2021-2026
Interconnects and Passive Components Market Challenges
Declining Profit Margins of Manufacturers
Advances in device technology are lowering hardware costs, the increase in cost is due to the constant demand for more sophisticated and diversified types of products. The counterfeiting of products is directly impacting the prices of passive components and interconnects. Furthermore, the aggressive competition among players from various regions results in the decline in prices of passive components and interconnects. This adversely affects the cost of new product development or advanced technology-driven products. Hence these factors hamper the market growth in the forecast period 2021-2026.
Interconnects and Passive Components Market Landscape
Product launches, acquisitions, Expansions, Partnerships and R&D activities are key strategies adopted by players in the Interconnects and Passive Components market. In 2020, the market of Interconnects and Passive Components industry outlook has been fragmented by several companies. Interconnects and Passive Components top 10 companies include Ametek, Inc., Amphenol Corporation, AVX Corporation, Chogori Technology Co., Ltd, Cisco Systems, Inc., Delphi Automotive LLP, Hirose Electric Co., Ltd, Hon Hai Precision Industry Co., Ltd., Hubbell Incorporated (Burndy LLC), HVP Global, LLC, among others.
Acquisitions/Technology Launches
- In June 2019, AVX Corporation, a leading manufacturer and supplier of passive components and interconnect solutions, has attended Electronic Distribution Show (EDS) and launched new passive component and interconnect solutions, and promoted several forthcoming product introductions slated for market release in the coming months.
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1. Interconnects And Passive Components Market Overview
1.1 Definitions and Scope
2. Interconnects And Passive Components Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Application
2.3 Key trends segmented by Geography
3. Interconnects And Passive Components Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Interconnects And Passive Components Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Interconnects And Passive Components Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Interconnects And Passive Components Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Interconnects And Passive Components Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Interconnects And Passive Components Market – By Type (Market Size -$Million/Billion)
8.1 Passive Components
8.1.1 Transformers
8.1.2 Resistors
8.1.3 Capacitors
8.1.4 Inductors
8.1.5 Diodes
8.1.6 Others
8.2 Interconnects
8.2.1 Relays
8.2.2 Switches
8.2.3 PCBs
8.2.4 Connectors
8.2.5 Others
9. Interconnects And Passive Components Market – By Application (Market Size -$Million/Billion)
9.1 Consumer Electronics
9.2 Automotive
9.3 Telecom
9.4 Industrial
9.5 Military and Aerospace
9.6 Healthcare
9.7 Others
10. Interconnects And Passive Components Market - By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 U.S
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 UK
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 Netherlands
10.2.8 Others
10.3 APAC
10.3.1 China
10.3.2 Japan
10.3.3 South Korea
10.3.4 India
10.3.5 Australia
10.3.6 Indonesia
10.3.7 Malaysia
10.3.8 Others
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 Colombia
10.4.5 Others
10.5 RoW
10.5.1 Middle East
10.5.2 Africa
11. Interconnects And Passive Components Market - Market Entropy
11.1 New product launches
11.2 M&A's, collaborations, JVs and partnerships
12. Interconnects And Passive Components Market – Industry Competitive Landscape (Premium)
12.1 Market Share – Global
12.2 Market Share by Region
12.3 Market Share By Application
13. Interconnects And Passive Components Market – Key Company List by Country Premium (Premium)
14. Interconnects And Passive Components Market - Company Analysis
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
LIST OF TABLES
1.Global Passive & Interconnect Market By Type Market 2023-2030 ($M)1.1 Passive Components Market 2023-2030 ($M) - Global Industry Research
1.2 Interconnects Market 2023-2030 ($M) - Global Industry Research
1.3 Types of Passive Components Market 2023-2030 ($M) - Global Industry Research
1.3.1 Resistors Market 2023-2030 ($M)
1.3.2 Inductors Market 2023-2030 ($M)
1.3.3 Capacitors Market 2023-2030 ($M)
1.3.4 Transformers Market 2023-2030 ($M)
1.3.5 Diodes Market 2023-2030 ($M)
1.4 Types of Interconnects Market 2023-2030 ($M) - Global Industry Research
1.4.1 Printed Circuit Boards Market 2023-2030 ($M)
1.4.2 Connectors Market 2023-2030 ($M)
1.4.3 Switches Market 2023-2030 ($M)
1.4.4 Relays Market 2023-2030 ($M)
2.Global Passive & Interconnect Market By Type Market 2023-2030 (Volume/Units)
2.1 Passive Components Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Interconnects Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Types of Passive Components Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Resistors Market 2023-2030 (Volume/Units)
2.3.2 Inductors Market 2023-2030 (Volume/Units)
2.3.3 Capacitors Market 2023-2030 (Volume/Units)
2.3.4 Transformers Market 2023-2030 (Volume/Units)
2.3.5 Diodes Market 2023-2030 (Volume/Units)
2.4 Types of Interconnects Market 2023-2030 (Volume/Units) - Global Industry Research
2.4.1 Printed Circuit Boards Market 2023-2030 (Volume/Units)
2.4.2 Connectors Market 2023-2030 (Volume/Units)
2.4.3 Switches Market 2023-2030 (Volume/Units)
2.4.4 Relays Market 2023-2030 (Volume/Units)
3.North America Passive & Interconnect Market By Type Market 2023-2030 ($M)
3.1 Passive Components Market 2023-2030 ($M) - Regional Industry Research
3.2 Interconnects Market 2023-2030 ($M) - Regional Industry Research
3.3 Types of Passive Components Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Resistors Market 2023-2030 ($M)
3.3.2 Inductors Market 2023-2030 ($M)
3.3.3 Capacitors Market 2023-2030 ($M)
3.3.4 Transformers Market 2023-2030 ($M)
3.3.5 Diodes Market 2023-2030 ($M)
3.4 Types of Interconnects Market 2023-2030 ($M) - Regional Industry Research
3.4.1 Printed Circuit Boards Market 2023-2030 ($M)
3.4.2 Connectors Market 2023-2030 ($M)
3.4.3 Switches Market 2023-2030 ($M)
3.4.4 Relays Market 2023-2030 ($M)
4.South America Passive & Interconnect Market By Type Market 2023-2030 ($M)
4.1 Passive Components Market 2023-2030 ($M) - Regional Industry Research
4.2 Interconnects Market 2023-2030 ($M) - Regional Industry Research
4.3 Types of Passive Components Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Resistors Market 2023-2030 ($M)
4.3.2 Inductors Market 2023-2030 ($M)
4.3.3 Capacitors Market 2023-2030 ($M)
4.3.4 Transformers Market 2023-2030 ($M)
4.3.5 Diodes Market 2023-2030 ($M)
4.4 Types of Interconnects Market 2023-2030 ($M) - Regional Industry Research
4.4.1 Printed Circuit Boards Market 2023-2030 ($M)
4.4.2 Connectors Market 2023-2030 ($M)
4.4.3 Switches Market 2023-2030 ($M)
4.4.4 Relays Market 2023-2030 ($M)
5.Europe Passive & Interconnect Market By Type Market 2023-2030 ($M)
5.1 Passive Components Market 2023-2030 ($M) - Regional Industry Research
5.2 Interconnects Market 2023-2030 ($M) - Regional Industry Research
5.3 Types of Passive Components Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Resistors Market 2023-2030 ($M)
5.3.2 Inductors Market 2023-2030 ($M)
5.3.3 Capacitors Market 2023-2030 ($M)
5.3.4 Transformers Market 2023-2030 ($M)
5.3.5 Diodes Market 2023-2030 ($M)
5.4 Types of Interconnects Market 2023-2030 ($M) - Regional Industry Research
5.4.1 Printed Circuit Boards Market 2023-2030 ($M)
5.4.2 Connectors Market 2023-2030 ($M)
5.4.3 Switches Market 2023-2030 ($M)
5.4.4 Relays Market 2023-2030 ($M)
6.APAC Passive & Interconnect Market By Type Market 2023-2030 ($M)
6.1 Passive Components Market 2023-2030 ($M) - Regional Industry Research
6.2 Interconnects Market 2023-2030 ($M) - Regional Industry Research
6.3 Types of Passive Components Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Resistors Market 2023-2030 ($M)
6.3.2 Inductors Market 2023-2030 ($M)
6.3.3 Capacitors Market 2023-2030 ($M)
6.3.4 Transformers Market 2023-2030 ($M)
6.3.5 Diodes Market 2023-2030 ($M)
6.4 Types of Interconnects Market 2023-2030 ($M) - Regional Industry Research
6.4.1 Printed Circuit Boards Market 2023-2030 ($M)
6.4.2 Connectors Market 2023-2030 ($M)
6.4.3 Switches Market 2023-2030 ($M)
6.4.4 Relays Market 2023-2030 ($M)
7.MENA Passive & Interconnect Market By Type Market 2023-2030 ($M)
7.1 Passive Components Market 2023-2030 ($M) - Regional Industry Research
7.2 Interconnects Market 2023-2030 ($M) - Regional Industry Research
7.3 Types of Passive Components Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Resistors Market 2023-2030 ($M)
7.3.2 Inductors Market 2023-2030 ($M)
7.3.3 Capacitors Market 2023-2030 ($M)
7.3.4 Transformers Market 2023-2030 ($M)
7.3.5 Diodes Market 2023-2030 ($M)
7.4 Types of Interconnects Market 2023-2030 ($M) - Regional Industry Research
7.4.1 Printed Circuit Boards Market 2023-2030 ($M)
7.4.2 Connectors Market 2023-2030 ($M)
7.4.3 Switches Market 2023-2030 ($M)
7.4.4 Relays Market 2023-2030 ($M)
LIST OF FIGURES
1.US Interconnects And Passive Components Market Revenue, 2023-2030 ($M)2.Canada Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
3.Mexico Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
4.Brazil Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
5.Argentina Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
6.Peru Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
7.Colombia Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
8.Chile Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
9.Rest of South America Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
10.UK Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
11.Germany Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
12.France Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
13.Italy Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
14.Spain Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
15.Rest of Europe Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
16.China Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
17.India Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
18.Japan Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
19.South Korea Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
20.South Africa Interconnects And Passive Components Market Revenue, 2023-2030 ($M)
21.North America Interconnects And Passive Components By Application
22.South America Interconnects And Passive Components By Application
23.Europe Interconnects And Passive Components By Application
24.APAC Interconnects And Passive Components By Application
25.MENA Interconnects And Passive Components By Application
26.TE Connectivity Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Amphenol Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Molex Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Delphi Automotive LLP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.TT Electronics PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.AVX Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Yazaki Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hubbell Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)