Summary
Explore the Global Active & Passive Component Market size reaching USD 450 billion by 2029F, with insights on market trends, demand analysis, and growth opportunities.
Market Overview
Global Active and Passive Components Market - Overview
The global active and passive components market is growing steadily, with the active components market expected to rise from USD 316 billion in 2023 to USD 450 billion by 2029F at a 7.34% CAGR, while the passive components market is projected to grow from USD 38.8 billion to USD 50 billion at a 5.4% CAGR. Integrated circuits hold nearly 80% share in active components, while capacitors account for around 54% of the passive components market. APAC is the largest consumer region, with over two-thirds market share, led by China. Growth is driven by digitalization and resilient consumer electronics demand, while supply chain disruptions and high component obsolescence remain key challenges.
Taxonomy
Global Active and Passive Components Market Ecosystem
Global Active and Passive Components Market Size, 2023
Between 2018 and 2023, the global active component market grew at a CAGR of 6.1%, with revenue increasing from $247.59 billion to $315.99 billion. This growth was primarily driven by the rising adoption of consumer electronics such as smartphones and laptops, along with the expanding trend of the Internet of Things (IoT). Over the same period, the global passive component market recorded a CAGR of 5.1%, with revenue rising from $30.24 billion to $38.78 billion, supported largely by the increasing popularity of electric vehicles. Among end users, mobile communication devices accounted for the highest consumption of both active and passive components, holding around 19% of the market share. This dominance is attributed to growing digitalization across sectors such as finance and education, as well as the increasing affordability of mobile communication devices due to rising per capita income and declining average selling prices. Regionally, Asia-Pacific represented the largest share of global consumption, contributing nearly 70% of the overall market. Within the region, China, including mainland China and Hong Kong, led the market with around 60% share, reinforcing its position as the key hub for active and passive component consumption.
Global Active and Passive Components Industry Analysis
Global Active and Passive Components Market Segmentations by Application, 2023
Active Components Market Segmentation Basis Revenue, 2023
Active Components market also terms as semiconductor devices are majorly used as diodes, transistors, sensors and integrated circuits. Integrated Circuits (ICs) are further segmented as Analog, Memory, Micro and Logic, with Memory and Logic constituting the highest share of 64%. ICs are the tiny brain of modern electronics and have highest usage owing to rising demand for consumer electronics like computers, smartphones, televisions, automotive sector, communication industry, medical industry and others.
Passive Components Market Segmentation basis revenue, 2023
Passive Components are majorly used as capacitors, resistors, inductors, and EMC filters. Capacitors, with around $19 billion revenue, are ubiquitous in the electronics industry as they are used in portable electronics like laptops, camera flashes, power grids, and every other electronic appliance. Capacitors are also the highest growing segment in the European, Middle East, and African passive component market, with 9.4% YoY growth in 2022.
Global Active and Passive Components Market
The Active Components Market is expected to grow at CAGR of 7.34% between 2023 and 2029F from $316 Billion to $450.3 Billion owing to technological innovations like Artificial Intelligence, IoT, Quantum Computing, Next Gen wireless technologies like 6G and increased focus on cybersecurity and automation.
The Passive Components Market is expected to grow at CAGR of 5.4% between 2023 and 2029F from $38.8 Billion to $50.4 Billion owing to digitalization, automation, miniaturization and integration., emerging end-user segments like medical, energy and power, military and security will further strengthen the demand.
Global Active and Passive Components Market Company Profiles
| Company Name | Establishment year | Description |
|---|---|---|
Vishay | 1962 | Vishay Intertechnology, Inc., for past six decades manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that support innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Vishay brands itself as The DNA of tech.™ |
Panasonic | 1918 | Panasonic in business for over 100 years, started with manufacturing electric lamp sockets and plugs has forayed into many divisions like home appliances, automotive cockpit and charging systems with integrated technologies, supply chain management systems, EV relays, capacitors, FA solutions, electronic material and lastly electrification of vehicles. the Panasonic Group has established numerous sites worldwide through which it engages in global manufacturing, sales, research and development, and other activities |
Infineon | 1999 | Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. It has organized its operations in four segments: Automotive, Green Industrial Power, Power & Sensor Systems and Connected Secure Systems. |
ON Semiconductors | 1999 | ON Semiconductors is a leading semiconductor manufacturer with over 80,000 different parts, including advanced MOSFETs, Image Sensors, Silicon Carbide technology (EliteSiC) and a global supply chain with 19 manufacturing centers in 9 countries. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure |
Murata | 1944 | Murata is operating in this business for past 7 decades and offers wide variety of products like Multilayer Ceramic Capacitors, SAW Filters, Ceramic Resonators, Crystal Units, Piezoelectric Sensors, Piezoelectric Buzzers, Short-range Wireless Communication Modules (including Bluetooth® Modules), Multilayer Ceramic Devices, Connectors, Isolators, Power Supplies, Circuit Modules, EMI Suppression, Filters, Inductor (coils), Sensors and Lithium-Ion Batteries. |
Global Active and Passive Components Market – Impact of Macroeconomic Factors
5G technology has increased the adoption of mobile communication owing to faster internet speed, and mobile communications hold 19% of the active and passive components market, thus positively deriving market demand. The uptake of 5G subscriptions in North America continues to be strong, and by the end of 2023, the region is expected to have the highest 5G subscription penetration globally at 61%. Globally, 5G subscriptions are forecast to reach 1.6 billion by the end of 2023, accounting for 18% of all mobile subscriptions.
Electric vehicles derive demand for integrated circuits, capacitors, inductors, resistors, and transformers, and the rising usage of electric vehicles will positively impact the active and passive component market. China, the largest electric car market, accounts for 60% of global electric car sales, while Europe, the second-largest market, recorded an increase of over 15% in electric car sales in 2022. In the United States, the third-largest market, electric car sales increased by 55% in 2022, reaching a sales share of 8%. Fully electric vehicles, such as the Ford Mustang Mach-E, use almost 3,000 semiconductor chips.
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