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Global passive component market size share trends

Company Snapshot Figure 59 Amphenol Corporation: Company Snapshot Figure 69 Yazaki Corporation: Company Snapshot Figure 70 Panasonic Corporation: Company Snapshot Figure 71 Ametek, Inc.: Company Snapshot Figure 72 Hubbell Incorporated: Company Snapshot According to the MarketsandMarkets forecast, the passive and interconnects market is expected to be valued at USD 187.

However, declining profit margins of the manufacturers and overall drop in the commodity prices are restraining factors for the market growth. Of all the major applications, the automotive sector is expected to exhibit highest growth in the overall passive and interconnect market during the forecast period.

The growth of the automotive segment is mainly propelled by the introduction of infotainment and internet of things technology in automobiles which helps to add an extra comfort and convert traditional automobiles to smart automobiles.

The passive and interconnects market by product type comprises passive components and interconnects.

  • Asia-Pacific is also expected to be the fastest growing market during the forecast period;
  • Company Snapshot Figure 72 Hubbell Incorporated;
  • These components are used to limit current, divide voltages, and adjust signal levels;
  • These players have adopted various strategies such as new product developments, partnerships and contracts, and business expansions to cater to the needs of the passive and interconnects market.

Interconnects is expected to show higher growth between 2016 and 2022, due to increasing adoption of automation, robotics and infotainment in different industry sectors. Interconnects comprises of products which are used in almost every electronic and electrical device either to establish a connection or to transfer the data. Passive Components Passive components can interrupt, resist, or affect a current flow but cannot control it.

Few examples of passive components are resistors, inductors, capacitors, and transformers. These components are responsible for the flow of current in the electric circuit to help the circuit to operate efficiently.

Resistors R are one of the most frequently used passive components, which carry a certain value of resistance that helps in the obstruction of electric current passing through the circuit.

These components are used to limit current, divide voltages, and adjust signal levels.

Inductors L are two terminal devices that store energy in the form of magnetic field when electrical current is flowing through them. The third passive component is the capacitor C that stores energy in the form of electric charge producing a static potential difference across the plates.

  • Resistors R are one of the most frequently used passive components, which carry a certain value of resistance that helps in the obstruction of electric current passing through the circuit;
  • However, declining profit margins of the manufacturers and overall drop in the commodity prices are restraining factors for the market growth;
  • High development in field of manufacturing industry and high presence of semiconductor manufacturing gives Asia-Pacific a competitive advantage over other regions;
  • Few examples of interconnects are printed circuit boards PCBs , connectors, switches, and relays;
  • For the purpose of this study, Market Research Future has segmented the market of Interconnects and Passive Components Market into components and application.

Transformer is a static device that transforms electric energy from one circuit to another without any electrical connection and with the help of mutual induction between the two windings. Diode is a two terminal device named as anode and cathode, which helps the current to flow in one direction and limits the flow of current in the opposite direction.

Interconnects Interconnect is an electrical or optical connection that connects two or more devices together.

Few examples of interconnects are printed circuit boards PCBsconnectors, switches, and relays. These components are responsible for the flow of current between two electric circuits and conductors. PCB electrically connects the electronic components using conductive tracks, pads and other features etched from the copper sheets onto a non-conductive substrate.

The connector connects two conductors so that electric energy can flow between the two conductors. Switch is used to make or break an electric connection.

Global passive component market size share trends

Relay is another classification of interconnect which is also called as electrically operated switch. Connectors are the fastest growing product segment due to their use in various applications to establish a mechanical as well as electrical connectivity. The major share of connectors is captured by data processing application due to the fact that large amount of connectors and adapters are being utilized in personal computers and for networking purposes.

The growth in APAC is primarily due to the easy availability of raw material, cheap labor and low production-cost in this region. Adoption of robotics across industries and advances in capacitors will be significant in creating demand in the coming years.

The major players in the passive and interconnects market are TE Connectivity Ltd. These players have adopted various strategies such as new product developments, partnerships and contracts, and business expansions to cater to the needs of the passive and interconnects market. To speak to our analyst for a discussion on the above findings, click Speak to Analyst Custom Global passive component market size share trends Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements.

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