# Global Active & Passive Component Market (2023-2030) --- ## Report Summary The Global Active & Passive Component Market report covers market size, share, growth, trends, outlook, companies and forecast insights across 2020-2031. --- ## Global Active and Passive Components Market Table of Content Table of Content - 1. Global Active and Passive Components Market - Overview - 2. Global Active and Passive Components Market Taxonomy ? - 3. Global Active and Passive Components Market Size, 2023 - 4. Global Active and Passive Components Market Segmentations by Application, 2023 ? - 5. Global Active and Passive Components Market Segmentation by End-User, 2023 ? - 6. Global Active and Passive Components Market Segmentation by Regions, 2023 ? - 7. Global Active and Passive Components Market Ecosystem - 8. Global Active and Passive Components Market Company Profiles? - 9. Global Active and Passive Components Market Companies Competitive Analysis? - 10. Global Active and Passive Components Market – Impact of Macroeconomic Factors - 11. Global Active and Passive Components Market – SWOT Analysis? - 12. Global Active and Passive Components Market – Growth Drivers and Challenges, 2023? - 13. Mergers and Acquisitions, Investments and Recent Developments, 2023? - 14. Global Active and Passive Components Market – Future Outlook 2029F? - 15. Market Definitions? - 16. FAQs --- ## Global Active and Passive Components Market - Overview Active & Passive Components Market Highlights ? 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. *~ 80% Integrated Circuits (ICs) market share in Global Active Components Market basis revenue* --- ## Taxonomy | ID | Parent ID | Label | | --- | --- | --- | | 1 | | Global Active and Passive Components Market Taxonomy | | 2 | 1 | KPIs | | 3 | 2 | Revenue (USD Billion) | | 4 | 2 | Sales Volume | | 5 | 2 | Exports and Imports | | 6 | 1 | Type of Components | | 7 | 6 | Active: Diodes & Transistors | | 8 | 6 | Optical Semiconductors | | 9 | 6 | Sensors | | 10 | 6 | Integrated Circuits | | 11 | 6 | Passive: Capacitors | | 12 | 6 | Resistors | | 13 | 6 | Inductors | | 14 | 6 | EMC filters | | 15 | 1 | End-User Industries | | 16 | 15 | Mobile Communication Device | | 17 | 15 | Industrial Automation | | 18 | 15 | Computer | | 19 | 15 | Automotive | | 20 | 15 | Consumer electronics | | 21 | 15 | Telecomm. | | 22 | 15 | Energy | | 23 | 15 | Medical | | 24 | 15 | Home Control | | 25 | 15 | Aerospace | | 26 | 1 | Region | | 27 | 26 | North America | | 28 | 26 | Latin America | | 29 | 26 | APAC | | 30 | 26 | Europe | | 31 | 26 | Africa | | 32 | 1 | Technology | | 33 | 32 | Analog | | 34 | 32 | Digital Components | | 35 | 32 | Discrete | | 36 | 32 | Integrated Components | | 37 | 32 | Microelectromechanical Systems (MEMS) | | 38 | 32 | Printed electronics | | 39 | 1 | Customers | | 40 | 39 | Original equipment manufacturers (OEMs) | | 41 | 39 | Electronics manufacturing services (EMS) | | 42 | 39 | Distributors | --- ## Global Active and Passive Components Market Ecosystem ### Market Ecosystem **Ecosystem of Global Active and Passive** --- ## 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 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 Segmentation by End-User, 2023 ? Active and passive components are present in each and every sector that utilizes electricity, either in current flow or storage form. The market share for Mobile Communication Device, Industrial Automation, Computer, Automotive, Consumer Electronics, Telecomm., Energy, Medical, Home Control, and Aerospace sectors is 19%, 16%, 15%, 13%, 10%, 7.2%, 5.7%, 4.1%, 4%, and 4%, respectively. Mobile communication devices are the highest consumers of active and passive components owing to rising mobile cellular subscriptions, which stood at 8.36 billion in 2022. Industrial automation is also driving demand for the components market, evident from the expanding robotics market, where robot density in the manufacturing industry increased to 151 robots per 10,000 employees globally, implying the significance of automation technology. The medical sector is an emerging segment, as the rising usage of professional service robots such as surgery robots, which expanded YoY at 5% in 2022, will derive demand for active and passive components. --- ## Global Active and Passive Components Industry Analysis ### Global Active and Passive Components Market – SWOT Analysis? **Opportunity:** IoT Expansion: The IoT market is expected to witness a significant surge in revenue, reaching a staggering US$1,387.00bn by 2024 worldwide. IoT is deriving demand for sensors, chips and other active and passive components.? Rising Automation in Industry: The Global Robotics Market has grown at CAGR of 8.67% between 2018-2023. Robot density for the manufacturing industry increased to 151 robots per 10,000 employees globally, implying significance of automation technology in complimenting conventionally manned processes. Robots industry is deriving demand for processors, sensors, actuators, resistors and others.? **Strength:** Diversified Portfolio: Active and Passive components have very high range of utility with demand from every sector with diverse application like automotive, medical, telecommunication industries. ? Highly Competitive Market: With over 20,000 companies including manufacturers, distributors and industry representatives, high competition derives economies of scale, low prices, and efficient market outcomes.? **Threat:** Environmental Concerns: Rising environmental regulations from governments like European Union’s Emission Trading System (ETS) law can impact industries in developing countries like India, thus reducing demand for active and passive components.? Counterfeiting of components: It leads to quality and safety concerns. Vishay Intertechnology has stated it as one of the major risks it faces in the market even though it has been awarded licenses to use, numerous patents in the United States and other countries, there can be no assurance concerning the degree of protection afforded by these patents or the likelihood that pending patents will be issued.? **Weakness:** Overexposure to Global Events: Covid-19, Russia-Ukraine War severely impacted the raw material supply. Ukraine is major supplier of neon gas used in semiconductor production impacted the worldwide production of semiconductor chips.? Geopolitical Tension: Ongoing unrest between nations like China-Taiwan can impact supply of semiconductor market as Taiwan produces highest number of semiconductor chips.? ### Global Active and Passive Components Market Growth Drivers **Increasing Digitalization** Expansion of digital landscape across various sectors like automotive, consumer electronics, medical, industrial automation is fueling demand for these components. Global spending on digital adoption is expected to reach $2.4 Trillion in 2024. **Ever-growing Consumer Electronics Market** After Covid-19, demand for smartphones, laptops, smart TVs has risen owning to rising digitalization, this industry commands 10% of the active and passive market and is expected to reach over $1 Trillion in 2024.? **Miniaturization and Integration** The trend towards miniaturization and integration of electronic devices necessitates smaller and more efficient components this is deriving demand for multilayer ceramic capacitors (MLCCs) a key passive component.? **Need for Sustainable devices** The excessive global emissions of carbon-dioxide have resulted in a yearly increase in the Earth’s average temperature. ? ### Global Active and Passive Components Market Challenges, 2023? **Supply Chain Disruptions** The production and sale of these components is reliant on a complex global interconnected supply chain of vendors, manufacturing facilities, third-party contractors, shipping partners, distributors, and end market customers. Recent global events like Covid-19 and Russia- Ukraine War has adversely impacted the raw material for producing semiconductor chips and this caused huge disruptions to automotive industry. **Rising Obsolescence in components** The rate of obsolescence on semiconductors in general has increased by 30 percent, that might shorten the life cycle of a particular part from 10 years to seven. As the demand for semiconductors increases, it anticipates an acceleration of obsolescence of specific nodes.? **Protection of Intellectual Property right** Litigation regarding patent and other intellectual property rights is prevalent in the electronic components industry, particularly the discrete semiconductor sector. ? **Talent shortages** Rapid changes in technologies, frequent new product introductions, and declining average selling prices require highly qualified personnel to develop and manufacture products that feature technological innovations and bring them to market on a timely basis. This can be challenging for companies.? --- ## Global Active and Passive Components Market Company Profiles | Year | Company | Description | | --- | --- | --- | | 1962 | Vishay | 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.™? | | 1918 | Panasonic | 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? | | 1999 | Infineon | 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. | | 1999 | ON Semiconductors | 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 | | 1944 | Murata | 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 ### Active Components Expected Market Size Basis Revenue US$ Billion, 2023-2029F*? The Active Components Market is expected to grow at CAGR of 7.34% between 2023 and 2029F from $316 Billion to $450.3 Billion owing to technological innovations like Artificial Intelligence, IoT, Quantum Computing, Next Gen wireless technologies like 6G and increased focus on cybersecurity and automation.? ### Passive Components Expected Market Size Basis Revenue US$ Billion, 2023-2029F*? 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 – Impact of Macroeconomic Factors? ### 5G Mobile Subscriptions 2023-2029F 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 Sales (Million) 2023-2028F? 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. --- ## Frequently Asked Questions Find quick answers to common questions about the Global Active and Passive Components Market **Q: What is the market size of active and passive components market??** A: In 2023, the active component market size is estimated to be.315 trillion USD and passive market size is estimated to be 39 billion USD. ? **Q: What is the expected size of active and passive components market??** A: The active and passive market are expected to reach 45 trillion USD and 50 billion USD, respectively by 2029.? **Q: What is the expected growth rate for active and passive components market?** A: The active and passive market are expected to grow at 7.34% and 5.4%, respectively by 2029.? **Q: What are the major end-user industry for active and passive components? ?** A: Mobile Communication Device, Industrial Automation, Computer/ Data Processing, Automotive and Consumer electronics are the major industries covering over 70% of the market.? **Q: Which region commands the active and passive components market??** A: Asia-Pacific covers Two-Third of the market with China being the dominant player commanding half of the Asia-Pacific Market.? **Q: What are the major growth drivers for active and passive components market??** A: Digitalization across various industries and continuous growth in consumer electronics market is deriving demand for active and passive components market.?