Global Passive And Interconnecting Electronic Components Market Size, Share, Growth Analysis Report - Forecast 2034

Global Passive And Interconnecting Electronic Components Market: Industry Perspective

The global passive and interconnecting electronic components market size was worth around USD 207.4 Million in 2024 and is predicted to grow to around USD 421.85 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.8% between 2025 and 2034. The report analyzes the global passive and interconnecting electronic components market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the passive and interconnecting electronic components industry.

Request Free Sample

Global Passive And Interconnecting Electronic Components Market: Overview

Electronic gadgets, including computers, smartphones, electrical home appliances, and game consoles, are built entirely of passive and interconnected electronic components. They are regarded as the foundation of several other sectors, including consumer electronics, computer technology, and telecommunications. Connectors, sockets, printed circuit boards, relays, switches, and many more are examples of interconnecting devices.

Global Passive And Interconnecting Electronic Components Market: Growth Drivers

Increasing adoption of IoT devices drives market growth

IoT devices are fast-changing the industrial sector globally. By reducing total system downtime and facilitating ease of operation, these devices help manufacturing facilities increase their overall productivity and operational efficiency. Furthermore, as Industrial 4.0 has developed, many industrial facilities have begun to integrate several connected devices as a means of streamlining operating procedures via remote monitoring. Over time, it is projected that a strong implementation of IoT devices in various industrial applications, such as motion control and process automation, would support the passive and interconnecting electronic components market expansion for passive and interconnected electronic components.   

Restraints:

The rising cost of raw materials and environmental regulation hampers market growth

Price fluctuations for raw materials used in electronic components, such as metals and rare earth elements, can affect manufacturers' profit margins and costs of manufacturing. Furthermore, producers may have difficulties complying with severe environmental rules and limits on certain materials, which may necessitate modifying production procedures. Thus, this is expected to hamper the passive and interconnecting electronic components industry growth over the projected timeframe.

Opportunities:

Growing acquisition offers a lucrative opportunity for market growth

The growing acquisition is expected to offer a lucrative opportunity for global passive and interconnecting electronic components market growth during the forecast period. For instance, in September 2023, for the aerospace, defense, energy, and semiconductor industries, AMETEK, Inc. acquired United Electronic Industries (UEI). UEI is an expert in creating high-performance test, measurement, simulation, and control solutions that help customers build intelligent, trustworthy, flexible, and long-lasting systems. Numerous mission-critical applications, such as automated testing, machine health and use monitoring, and aviation simulation and training, use the company's technologies. They were able to increase their presence in lucrative industrial areas and applications because of their distinctive solution complement and data collection capabilities.

Challenges:

Reduced manufacturers' profit margins pose a major challenge to market growth

Device technology advancements are driving down the cost of hardware; the ongoing demand for more complex and specialized goods is driving up expenses. The cost of passive parts and interconnects is directly impacted by product counterfeiting. In addition, the fierce rivalry between competitors from different areas causes the cost of passive components and interconnects to decrease. This has a negative impact on the price of developing new products or services with cutting-edge technology. Therefore, over the projection period, these factors hinder market expansion.

Key Insights

• As per the analysis shared by our research analyst, the global passive and interconnecting electronic components market is estimated to grow annually at a CAGR of around 6.8% over the forecast period (2025-2034).
• Regarding revenue, the global passive and interconnecting electronic components market size was valued at around USD 207.4 Million in 2024 and is projected to reach USD 421.85 Million by 2034.
• The passive and interconnecting electronic components market is projected to grow at a significant rate due to increasing demand from consumer electronics, rising adoption in electric vehicles, growing advancements in telecommunications infrastructure, and increasing use in industrial automation technologies.
• Based on Component, the Passive segment is expected to lead the global market.
• On the basis of Application, the Consumer Electronics segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Global Passive And Interconnecting Electronic Components Market: Report Scope

Global Passive And Interconnecting Electronic Components Market: Segmentation

Request Free Sample

The global passive and interconnecting electronic components industry is segmented based on the component, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on the components, the global market is bifurcated into passive and interconnecting. The passive segment is expected to hold a significant market share over the forecast period. This segment is further subcategorized into resistors, inductors, transformers, and capacitors. The capacitor sub-segment holds the prominent market share during the forecast period. This might be attributed to the high demand for different kinds of capacitors to be manufactured for use in industrial, consumer electronics, and other applications. Furthermore, it is anticipated that the transformer category will attain the highest market share during the anticipated duration. Transformers are crucial to the operation of electronic devices because they reduce high voltage to the voltage that the circuit needs. Therefore, it is anticipated that over the projection period, there will be a sharp increase in demand for transformers due to the rising production of various home appliance types, industrial digital devices, and other consumer electronic products.

On the basis of Application, the global passive and interconnecting electronic components market is bifurcated into Consumer Electronics, IT & Telecommunication, Automotive, Industrial, Healthcare, Others.

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Passive And Interconnecting Electronic Components Market: Regional Analysis

The Passive and Interconnecting Electronic Components market shows strong regional dynamics, with Asia-Pacific leading due to its vast electronics manufacturing base, driven by countries like China, South Korea, and Taiwan, where high-volume production of consumer electronics, automotive electronics, and industrial devices fuels demand. North America and Europe follow, supported by advanced R&D activities, robust automotive and aerospace sectors, and growing adoption of IoT and 5G technologies that require sophisticated electronic components. Meanwhile, regions like Latin America, the Middle East, and Africa are witnessing steady growth, spurred by increasing investments in industrial automation, telecommunications infrastructure, and expanding consumer electronics markets, creating new opportunities for passive and interconnecting components globally.

Global Passive And Interconnecting Electronic Components Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the passive and interconnecting electronic components market on a global and regional basis.

The global passive and interconnecting electronic components market is dominated by players like:

• KYOCERA AVX Components Corporation
• Vishay Intertechnology Inc.
• Murata Manufacturing Co. Ltd.
• TDK Corporation
• TAIYO YUDEN Co. Ltd.
• TE Connectivity
• SAMSUNG ELECTRO-MECHANICS
• Hosiden Corporation
• YAGEO Group
• NICHICON CORPORATION
• Fenghua (HK) Electronics Ltd.
• ROHM Co. Ltd.
• Amphenol Corporation
• Molex
• Samtec

Global Passive And Interconnecting Electronic Components Market: Competitive Analysis

The global passive and interconnecting electronic components market is segmented as follows;

By Component

• Passive
  • Resistors
  • Inductors
  • Transformers
  • Capacitors
• Interconnecting
  • Printed Circuit Boards
  • Relay and Switches
  • Connectors
  • Others

By Application

• Consumer Electronics
• IT & Telecommunication
• Automotive
• Industrial
• Healthcare
• Others

Global Passive And Interconnecting Electronic Components Market: Competitive Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa