Passive and Interconnecting Electronic Components Market - Global Industry Analysis, Market Share, Drivers, Restraints, Growth and Forecast, 2013 – 2023

Electronic components are the parts of an electronic circuit that are used for multiple reasons such as controlling the flow of electrons, connecting other components into integrated assembly, and so on. Passive electronic components are those components that do not need electrical power or other source of energy in order to operate, while interconnecting electronic components are those that are used to interconnect several other components into integrated assembly. With demand for combined modules like multichip and system-on-a-chip growing, the need for passive and interconnecting electronic components is expected to increase.

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Growth in passive and interconnecting electronic components is characterized by innovations and development of advanced technologies in the electronic industry. With increasing demand for consumer electronics products such as digital cameras, portable music players, gaming consoles, and laptops, the passive and interconnecting electronic components market is expected to witness good growth.   In addition, technological advancements leading to incorporation of entertainment and navigation features (ex- Global Positioning Systems) in automotives has fueled market momentum. Medical and portable electronics segments have also been witnessing high adoption in recent years due to technological advancements and emergence of remote communication facilities. With swift growth expected in these segments, the demand for passive and interconnecting electronics component is forecasted to remain strong

Currently, Asia Pacific is the largest passive and interconnecting electronic components market. Over the forecast period, it is expected to continue its dominance owing to surging demand from verticals like telecom, consumer electronics, healthcare, and information technology. Transition from...