Passive Electronic Components Industry Growth And Analysis Report By Radiant Insights, Inc
The passive electronic components market is poised to grow on account of the consumer electronics industry. Consumer electronic goods such as digital cameras, laptops, and portable music players will contribute to market growth.
San Francisco, United States – August 24, 2016 /MarketersMedia/ —
Passive electronic components are elements which work independent of electricity. It has the ability to store energy. There are two types of passive components, namely lossless and lossy. Lossless passive components do not have an input or output flow of electricity, while lossy loses energy even while borrowing energy from an electrical outlet.
The passive electronic components market is poised to grow on account of the consumer electronics industry. Consumer electronic goods such as digital cameras, laptops, and portable music players will contribute to market growth.
Transformers, resistors, inductors, and capacitors comprise the different types of passive electronic components. Resistors limit the flow of current in the device. Capacitors comprise of a pair of conductors separated by an insulator. Different types of capacitors include electrolytic, ceramic, and polyester. Inductors consist of two terminals which store electricity in a magnetic field. Transformers maintain electrical energy through electromagnetic induction.
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Emphasis on MLCCs (multi-layer ceramic capacitor) and its miniaturization will positively affect the demand of capacitors. Dependence on IoT (Internet of Things) and ability to produce power amplifiers in compact sizes will drive future market growth.
Major end-users of the market are telecommunication, information technology, automotives, defense services, consumer electronics, industrial, and healthcare. Need for multiple integrated chips are ensured to drive the information technology as well as consumer electronic sectors. Features like Global Positioning Systems in automobiles is expected to drive market demand in this sector.
North America, Asia Pacific, Europe, and RoW comprise as major geographical regions. Asia Pacific will be the fastest growing region of the market. The region’s adoption of the latest technologies of 3G and 4G LTE (Long-Term Evolution) will facilitate in its growth. Growth of broadband services in China will complement the growth of the consumer electronics industry.
Well-renowned participants of the passive electronic components market are Altera Corporation, 3M Electronics, Xilinx, Inc., and Intel Corporation.
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About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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