Global Through-Hole Passive Components Market Analysis By Component , By Application, Top Key Players, Trends, Size & Forecast 2023-2032

 

Global Through-Hole Passive Components Market

Global through-hole passive components market is flourishing because of rising demand for through-hole passive components in the medical and automobile industries and high adoption of connected devices.

The global Through-Hole Passive Components market was valued at USD 35.68 billion in 2022 and expected to grow at a CAGR of 6.5% during the forecast period. Through-hole passive components are electronic components that are mounted onto printed circuit boards (PCBs) using holes drilled into the board. These components are essential for the proper functioning of electronic devices, and include resistors, capacitors, inductors, and diodes. The through-hole passive components market has been experiencing steady growth in recent years, driven by increasing demand for electronic devices across a wide range of industries. The market is highly competitive, with a large number of players offering a variety of products at different price points.
One of the key drivers of growth in the through-hole passive components market is the increasing demand for smaller, more efficient electronic devices. As technology continues to advance, there is a growing need for components that can be integrated into smaller and more compact devices, without sacrificing performance.
Another factor contributing to the growth of the market is the increasing adoption of renewable energy sources, such as wind and solar power. Through-hole passive components are essential for the proper functioning of the electronic control systems used in renewable energy applications, which has led to increased demand for these components.
Geographically, Asia Pacific is the largest market for through-hole passive components, due to the presence of a large number of electronic device manufacturers in the region. North America and Europe are also significant markets, driven by the high demand for electronic devices in these regions.
Overall, the through-hole passive components market is expected to continue to grow in the coming years, driven by increasing demand for electronic devices and the ongoing development of new technologies.

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Covid-19 Impact:
The Covid-19 pandemic has had a significant impact on the electronics industry, including the production and supply of through-hole passive components. Through-hole passive components are electronic components that are inserted into holes on a printed circuit board (PCB) and soldered on the opposite side of the board. Examples of through-hole passive components include resistors, capacitors, and inductors.

The pandemic has caused disruptions in the global supply chain, leading to shortages and price increases for many electronic components, including through-hole passive components. The lockdowns and travel restrictions implemented by many countries have affected the production and transportation of these components.

Additionally, the increased demand for electronics products, such as laptops and smartphones, due to the shift towards remote work and learning has further strained the supply chain for through-hole passive components. The pandemic has also led to an increase in the cost of raw materials used to manufacture these components, such as copper and aluminum.
Overall, the impact of the Covid-19 pandemic on the production and supply of through-hole passive components has led to delays, shortages, and increased prices. As the pandemic continues, it is likely that the supply chain for these components will continue to be affected.

Market Segmentation:

By Component
• Resistors
• Capacitors
• Inductors
• Diodes
• Transducers
• Sensors
• Others

By Leads Model
• Axial Leads
o Resistors
o Capacitors
o Inductors
o Diodes
o Transducers
o Sensors
o Others

• Radial Leads
o Resistors
o Capacitors
o Inductors
o Diodes
o Transducers
o Sensors
o Others

By Application
• Consumer Electronics
o Mobile Phones
o Personal Computers
o Home Appliances
o Audio and Video Systems
o Storage Devices
o Others

• IT & Telecommunication
o Telecom Equipment
o Networking Devices
o Automotive
o Driver Assistance Systems
o Infotainment Systems
o Others

• Industrial
o Industrial Automation and Motion Control
o Mechatronics and Robotics
o Power Electronics
o Photovoltaic Systems
o Others

• Aerospace & Defense
o Aircraft Systems
o Military Radars
o Others

• Healthcare
o Medical Imaging Equipment
o Consumer Medical Devices

By Geography
• North America
o U.S.
o Canada
o Mexico

• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia

• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia

• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

 

Key Player:

Some of the key players operating in the market are:
• Vishay Inter technology, Inc.
• YAGEO Group
• Murata Manufacturing Co., Ltd.
• KYOCERA AVX Components Corporation
• Panasonic Holdings Corporation
• Bourns, Inc.
• TDK Corporation
• TE Connectivity
• Microchip Technology Inc.

 Regional Analysis:

North America: North America is a significant market for through-hole passive components, primarily driven by the presence of major electronics manufacturers, including IBM, Intel, and Apple. The growing demand for renewable energy and electric vehicles is also driving the demand for through-hole passive components in this region.

Europe: Europe is another major market for through-hole passive components. The demand for these components is primarily driven by the automotive industry, which is the largest end-user industry for through-hole passive components in this region. The presence of major automotive manufacturers, including BMW, Audi, and Volkswagen, is driving the demand for these components.

Asia-Pacific: The Asia-Pacific region is the largest market for through-hole passive components, driven by the presence of major electronics manufacturers, including Samsung, LG, and Sony. The region is also a major producer of electronic components, with countries such as China, Japan, and South Korea being significant suppliers of through-hole passive components.
Middle East and Africa: The demand for through-hole passive components in the Middle East and Africa region is primarily driven by the oil and gas industry. The growing adoption of automation in the oil and gas industry is driving the demand for through-hole passive components.

Latin America: The demand for through-hole passive components in Latin America is primarily driven by the automotive industry, with countries such as Brazil and Mexico being significant producers of automobiles.

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