Rapid advancements in the high-end products deals with additional passive components integration, which are increasing the demand for both the high and medium power passive components. Increasing developments in industrial communication and automation has been encouraging the integration of passive components in the electronic devices and in-car infotainment systems. An IndustryARC report presents that the global high and medium power passive components’ market size is projected to reach $28.63m by 2024, and is set to grow with a CAGR of 5.7% throughout the forecast period 2018-2024.

The report is titled “High and Medium Passive Components Market: By Product Type (Capacitor, Resistor, Filter, Timing Device, Potentiometer, Magnetics, Circuit Protection, Connector, Switches and Relays and Others); By Application (Automotive, Telecom, Consumer Electronics, Aerospace and Defense, Industrial and Others); By Power Type (Medium and High) and By Geography Forecast (2018-2024).” It provides an analysis of the different power passive components used in varied applications. This analysis follows a precise research methodology and assists the new market investor in gaining market intelligence and for future decision-making too.

High and medium power passive components Market: Leading Segments

APAC is acknowledged as the leading region in terms of the global high and medium power passive components market, with a 35.36% share in 2017. China, Japan, India and South Korea are the major countries contributing to APAC’s share in the global passive components market. China occupied a major share in the worldwide vehicle production, it is especially rising the demand for passive components in APAC region. Growth in the automotive, consumer electronics, and telecom industries of China are leading to growth in the power passive components market. Increasing demand for large screen TVs and full screen smartphones with high resolution are also boosting growth of both high and medium power passive components in China.

Application of passive components is growing at a faster pace in the automotive industry, which is estimated to propel at a CAGR of 6.3% during the forecast period. R&D investments by OEMs into product development is considered as the key contributor for growth in the automotive industry. Increasing need for controlling high frequency, temperature and voltage operations in fortified cars and technologically advanced gadgets such as entertainment and GPS systems are also influencing incorporation of passive components. Shift in the demand towards autonomous vehicles equipped with advanced navigation systems and driver assistance systems is also driving growth of passive components in the automobiles.

High and medium power passive components Market: Disruptive Trends

Telecommunications and Consumer Electronics
Rapid development in the
incorporation of bulk number of passive components in the communication equipment across the world coupled with the evolution of high speed LTE-based communication systems. Growing hunger for multilayer ceramic capacitors to reduce the products size in consumer electronics, resulted in passive component integration in semiconductor dies and packaging in consumer electronics.

Healthcare Industry
Widespread use of multi-layered ceramic capacitors in varied healthcare applications majorly in scanning equipment, patient bed sensors in ICU, and even in bed pressure meters has been driving the growth of passive components in healthcare industry.

High and medium power passive components Market: Competitive Landscape
Panasonic, AVX, TDK, Samsung, and Murata are the foremost players operating in the global high and medium power passive components market.

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What can you expect from the report?
high and medium power passive components market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data                            12. Country level Analysis
3. Manufacturer Landscape                                                   13. Competitor Analysis
4. Distributor Landscape                                                       14. Market Shares Analysis
5. Pricing Analysis                                                                 15. Value Chain Analysis
6. Top 10 End user Analysis                                                  16. Supply Chain Analysis
7. Product Benchmarking                                                      17. Strategic Analysis
8. Product Developments                                                      18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis                                       19. Opportunity Analysis
10. Patent Analysis                                                                20. Revenue and Volume Analysis
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