Active and Passive Electronic Components Market Overview
Active and Passive Electronic Components Market Size was estimated at 148.67 (USD Billion) in 2023. The Active and Passive Electronic Components Industry is expected to grow from 155.25 (USD Billion) in 2024 to 250.0 (USD Billion) by 2035. The Active and Passive Electronic Components Market CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2035).
Key Active and Passive Electronic Components Market Trends Highlighted
The Active and Passive Electronic Components Market has been influenced by several significant drivers. The rapid growth of the consumer electronics sector, particularly smartphones and wearables, has increased the demand for electronic components. Additionally, the rise of the Internet of Things (IoT) has fueled the need for more sophisticated electronic solutions, creating opportunities for innovation and development. Moreover, advancements in technology have led to improved manufacturing processes, enabling companies to produce components more efficiently and cost-effectively. The shift towards sustainable and energy-efficient products is also reshaping the landscape, encouraging manufacturers to focus on low-power components that meet stringent environmental standards.
In recent times, the market various opportunities to be explored. The increasing adoption of automation in industries, along with smart grid technology, presents a chance for electronic component manufacturers to expand their offerings. Emerging markets are showing significant growth potential, driven by rising disposable incomes, urbanization, and technological advancements. Furthermore, the trend toward miniaturization allows for new designs and applications, especially in sectors like healthcare, automotive, and telecommunications, enhancing the overall market attractiveness. Continuously changing consumer preferences are prompting manufacturers to innovate and diversify their product lines.
The trend towards wireless technologies is propelling the demand for high-frequency components. The ongoing development of 5G infrastructure is also expected to impact the market positively, necessitating advanced electronic components that can support high-speed communications. As industries increasingly seek to integrate artificial intelligence and machine learning into their processes, the need for advanced electronic components that cater to these technologies is on the rise. This dynamic environment will encourage companies to adapt quickly and capture emerging opportunities in the evolving landscape of electronic components.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Active and Passive Electronic Components Market Drivers
Technological Advancements in Electronics
The rapid pace of technological advancements in the electronics sector is a significant driver for the growth of the Active and Passive Electronic Components Market Industry. The continuous evolution of technology, including the development of smaller, faster, and more efficient electronic devices, has led to an increased demand for both active and passive electronic components. Innovations such as the Internet of Things (IoT), artificial intelligence (AI), and 5G technology have heightened the need for advanced electronic components that can support these cutting-edge applications.
As consumer electronics become more integrated with smart technologies, manufacturers are increasingly investing in research and development (R) to create components that can enhance performance, reduce energy consumption, and improve the overall user experience. Additionally, the growth of industries that rely heavily on automation and electronic controls such as automotive, telecommunications and healthcare also drives demand for high-quality electronic components.
Growing Demand for Consumer Electronics
The increasing demand for consumer electronics is a key driver for the Active and Passive Electronic Components Market Industry. With the rise of smart appliances, wearable devices, and mobile gadgets, consumers are seeking products that are not only functional but also equipped with advanced features. This surge in demand stimulates the production and proliferation of various electronic components, necessitating a steady supply of both active and passive parts. Consequently, manufacturers are motivated to enhance their output and innovate in component design to meet consumer expectations.
Expansion of Automotive Electronics
The automotive industry is undergoing significant transformation, increasingly integrating electronic components into vehicles for enhanced functionalities. This is fueled by the rise of electric vehicles (EVs), advanced driver-assistance systems (ADAS), and infotainment systems, which rely heavily on active and passive electronic components. The shift toward more automated and connected vehicles is driving demand in the Active and Passive Electronic Components Market Industry as manufacturers work to meet the evolving requirements of modern automotive technologies.
Active and Passive Electronic Components Market Segment Insights
Active and Passive Electronic Components Market Component Type Insights
The Active and Passive Electronic Components Market showcases a diverse landscape segmented into Active Components and Passive Components, both of which play crucial roles in the electronics industry. Active Components, valued at 78.0 USD Billion in 2024 and expected to rise to 130.0 USD Billion by 2035, dominate the market, highlighting a significant demand for devices capable of controlling electric currents, such as transistors, diodes, and integrated circuits. Their importance can be attributed to their essential function in amplifying signals and processing data, which are vital in the ever-evolving technologies of communication, computing, and consumer electronics. The Active Components segment is not only a majority holding in terms of revenue but also drives advancements in smart technologies and the Internet of Things, catering to the growing need for efficient electronic devices.
In contrast, Passive Components, recorded at 77.25 USD Billion in 2024 and projected to reach 120.0 USD Billion by 2035, are equally significant in the market landscape. These components, which include resistors, capacitors, and inductors, support the functioning of Active Components by enabling energy storage, filtering and voltage regulation. The rationale behind the consistent growth in this segment lies in the increasing integration of passive components in various applications, including automotive, telecommunications and industrial sectors. Together, the Active and Passive Electronic Components Market data suggests a balanced yet dynamic relationship between these segments, driven by innovations and technological advances. The ongoing demand for miniaturization and higher performance in electronic devices creates substantial opportunities for both segments, fostering competitive market growth.
Moreover, as industries lean more towards automation and smart solutions, the integration of both Active and Passive Components will be critical, ensuring that the overall Active and Passive Electronic Components Market industry progresses steadily towards its projected valuation of 250.0 USD Billion by 2035. The market statistics reveal that both components are essential for the advancement of modern electronic systems, highlighting their respective roles in achieving optimized performance across various applications. The growing trend towards sustainability and energy efficiency further enhances the relevance of both segments, as manufacturers focus on developing eco-friendly and efficient components that reduce waste and energy consumption, positioning them favorably for future growth opportunities in this thriving market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Active and Passive Electronic Components Market Application Insights
The Active and Passive Electronic Components Market is projected to see steady growth Applications across various sectors like Consumer Electronics, Telecommunications, Automotive, Industrial and Healthcare drive this expansion. The Consumer Electronics segment remains a major contributor due to the widespread demand for smart devices. Telecommunications demand continues to increase, propelled by advanced communication technologies and 5G rollouts. The Automotive sector is elevating its significance as electric vehicles and advanced driver-assistance systems (ADAS) become more prevalent, driving the need for sophisticated components.
In the Industrial sector, automation and smart factory innovations are key growth factors, fostering demand for reliable electronic components. The Healthcare segment is becoming increasingly prominent, driven by technological advancements in medical devices and telehealth. These segments collectively represent significant opportunities and challenges for players in the market, leading to a comprehensive landscape of the Active and Passive Electronic Components Market industry. As trends evolve, market participants must adapt to maintain competitiveness in this dynamic environment, as reflected in the Active and Passive Electronic Components Market revenue and statistics.
Active and Passive Electronic Components Market Technology Insights
The Active and Passive Electronic Components Market is projected to reach Within this expanding market, semiconductors play a crucial role, being integral to various electronic devices and systems, underlining their dominance due to the demand for enhanced performance and miniaturization. Capacitors and resistors together are essential for energy management and signal processing, catering to the rising applications in consumer electronics and automotive sectors.
Inductors contribute significantly to power supply and are vital in maintaining signal integrity in communication devices. Diodes, on the other hand, serve fundamental functions in controlling the direction of current flow. The overall market dynamics reflect a robust demand driven by technological advancements and increased consumption across various industries, while the interplay between active and passive components highlights opportunities for innovative product developments and cost-effective manufacturing techniques.
Active and Passive Electronic Components Market End Use Insights
The Active and Passive Electronic Components Market encompasses a diverse range of applications across different End Use sectors, including Residential, Commercial and Industrial. The Residential segment holds significant importance as the demand for smart home devices and consumer electronics continues to rise, driving the need for innovative electronic solutions. Similarly, the Commercial segment plays a crucial role, with a strong emphasis on automation and efficient energy management systems in office spaces and retail settings.
Moreover, the Industrial sector significantly dominates the use of electronic components, particularly in manufacturing automation, robotics, and communication systems. The synergy between these sectors contributes to the overall market growth, as advancements in technology and increasing investments boost the demand for high-quality components. As the Active and Passive Electronic Components Market data suggests, the trends and growth drivers within these segments show promising opportunities for companies looking to innovate and cater to the expanding needs of end-users across various applications. In this competitive landscape, challenges such as supply chain disruptions and the need for sustainable practices remain crucial considerations for market participants.
Active and Passive Electronic Components Market Regional Insights
The Active and Passive Electronic Components Market is experiencing notable growth across various regions, contributing to a comprehensive revenue landscape. In 2024, North America holds a significant market share valued at 45.0 USD Billion, reflecting its dominance in technology innovation and industrial applications. Europe follows closely with a valuation of 35.0 USD Billion, driven by increasing demand for smart devices. Meanwhile, the APAC region emerges as a major contributor, valued at 60.0 USD Billion in 2024, benefitting from rapid industrialization and rising electronics consumption.
South America and MEA, with valuations of 8.0 USD Billion and 7.25 USD Billion respectively, depict smaller but growing markets, indicating potential opportunities amidst challenges. The APAC region not only maintains a majority holding but is also projected for significant growth due to its robust manufacturing capabilities. Collectively, the dynamics across these regions reflect various growth drivers such as technological advancements, increasing consumer electronics demand, and strategic developments in the Active and Passive Electronic Components Market industry, while also facing obstacles such as supply chain disruptions and fluctuating raw material costs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Active and Passive Electronic Components Market Key Players and Competitive Insights:
The Active and Passive Electronic Components Market is characterized by a diverse range of players who are continuously striving to enhance their product offerings and technological advancements. As markets evolve, competition intensifies, leading to a dynamic environment where companies must adapt to emerging trends and consumer demands. The competitive landscape is shaped by various factors, including innovation, research and development capabilities, pricing strategies, and the ability to forge strategic partnerships. This industry encompasses a variety of components, such as capacitors, resistors, inductors, and semiconductors, which are fundamental in the functioning of electronic devices across multiple sectors. Understanding the strengths and strategies of key players in this market is crucial for identifying opportunities and potential challenges.
Murata Manufacturing holds a prominent position in the Active and Passive Electronic Components Market, celebrated for its innovation and extensive product portfolio. The company boasts a strong reputation for producing high-quality capacitors, filters, and inductors, making it a preferred choice for various industries including automotive, telecommunications and consumer electronics. Murata's commitment to research and development has enabled it to stay at the forefront of technological advancements, ensuring that its products meet the latest standards in performance and efficiency. The company’s extensive manufacturing capabilities, combined with a global distribution network, allow it to serve a wide range of customers while maintaining a flexible and responsive supply chain. Furthermore, Murata's strategic focus on sustainability and eco-friendly practices enhances its market appeal, catering to the increasing demand for environmentally conscious solutions.
Samsung Electronics is another significant player in the Active and Passive Electronic Components Market, recognized for its extensive range of semiconductors and embedded components that power a multitude of devices. The company has leveraged its advanced technological capabilities to develop high-performance components that cater to various applications, including mobile devices, home appliances, and industrial equipment. Samsung Electronics is particularly known for its leadership in memory chips, which are essential for modern computing and mobile technology. The company focuses on continuous innovation, investing heavily in research and development to stay ahead in the competitive landscape. Its strong brand presence and robust supply chain management further solidify its position in the market, as Samsung Electronics provides reliable and cutting-edge solutions tailored to the ever-evolving needs of manufacturers and consumers alike.
Key Companies in the Active and Passive Electronic Components Market Include
- Murata Manufacturing
- Samsung Electronics
- AVX Corporation
- Yageo Corporation
- KEMET
- NXP Semiconductors
- Analog Devices
- Broadcom
- Infineon Technologies
- ON Semiconductor
- Taiwan Semiconductor Manufacturing Company
- Tdk Corporation
- Texas Instruments
- Intel Corporation
- Vishay Intertechnology
Active and Passive Electronic Components Industry Developments
Recent developments in the Active and Passive Electronic Components Market are showing significant activity. Murata Manufacturing and Samsung Electronics have increased their production capacities to meet the rising demand for electronic components, particularly in automotive and consumer electronics sectors. Meanwhile, AVX Corporation and Yageo Corporation have been involved in advancements related to capacitors and resistors, driving innovation in this space. KEMET is focusing on expanding its product lines to incorporate more sustainable materials as environmental considerations become increasingly crucial. NXP Semiconductors and Analog Devices are collaborating on advanced semiconductor solutions aimed at the Internet of Things (IoT) markets.
Additionally, Broadcom and Infineon Technologies are actively pursuing technological integrations to enhance their product offerings. In terms of mergers and acquisitions, ON Semiconductor's acquisition of certain assets from a competitor has been highlighted, which is expected to bolster its market position. The market valuation for active and passive components continues to grow, with projections showing that increased investments in technology and rising consumer electronics demand are significantly impacting valuations across companies like Taiwan Semiconductor Manufacturing Company, TDK Corporation, Texas Instruments, and Vishay Intertechnology, creating a dynamic and competitive landscape.
Active and Passive Electronic Components Market Segmentation Insights
-
Active and Passive Electronic Components Market Component Type Outlook
-
Active Components
-
Passive Components
-
Active and Passive Electronic Components Market Application Outlook
-
Consumer Electronics
-
Telecommunications
-
Automotive
-
Industrial
-
Healthcare
-
Active and Passive Electronic Components Market Technology Outlook
-
Semiconductors
-
Capacitors
-
Resistors
-
Inductors
-
Diodes
-
Active and Passive Electronic Components Market End Use Outlook
-
Residential
-
Commercial
-
Industrial
-
Active and Passive Electronic Components Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
148.67 (USD Billion) |
| MARKET SIZE 2024 |
155.25 (USD Billion) |
| MARKET SIZE 2035 |
250.0 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
4.43% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
Murata Manufacturing, Samsung Electronics, AVX Corporation, Yageo Corporation, KEMET, NXP Semiconductors, Analog Devices, Broadcom, Infineon Technologies, ON Semiconductor, Taiwan Semiconductor Manufacturing Company, Tdk Corporation, Texas Instruments, Intel Corporation, Vishay Intertechnology |
| SEGMENTS COVERED |
Component Type, Application, Technology, End Use, Regional |
| KEY MARKET OPPORTUNITIES |
Growing demand for consumer electronics, Expansion of renewable energy systems, Rise of electric vehicles market, Increased automation in industries, Advancements in IoT applications |
| KEY MARKET DYNAMICS |
Growing demand for consumer electronics, Rapid technological advancements, Increasing automation across industries, Surge in electric vehicle production, Sustainable development initiatives by manufacturers |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The expected market size of the Global Active and Passive Electronic Components Market in 2024 is valued at 155.25 USD Billion.
The forecasted CAGR for the Global Active and Passive Electronic Components Market from 2025 to 2035 is 4.43%.
The APAC region has the largest market share in the Global Active and Passive Electronic Components Market in 2024, valued at 60.0 USD Billion.
The market size of the Passive Components segment is expected to grow from 77.25 USD Billion in 2024 to 120.0 USD Billion in 2035.
The anticipated market value for North America in the Global Active and Passive Electronic Components Market by 2035 is 73.5 USD Billion.
Key players in the Global Active and Passive Electronic Components Market include companies such as Murata Manufacturing, Samsung Electronics, and Texas Instruments.
The expected market size for the Active Components segment is projected to reach 130.0 USD Billion in 2035.
By 2035, Europe's market value is expected to be 57.5 USD Billion compared to APAC's expected market value of 100.0 USD Billion, indicating greater growth in APAC.
Opportunities in the Active and Passive Electronic Components Market include increasing demand in consumer electronics and automotive sectors.
Challenges facing the Active and Passive Electronic Components Market include supply chain disruptions and fluctuating raw material prices.
