Interconnects and Passive Components Market : Industry

The Business Research Company’s Interconnect And Passive Components Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Interconnect And Passive Components Global Market Report 2023 evaluates interconnect and passive components market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global interconnect and passive components market is expected to grow from $188.94 billion in 2023 to $202.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to booming consumer electronics, telecommunications expansion, industrial automation, growing automotive electronics. The interconnect and passive components market size is expected to see strong growth in the next few years. It will grow to $257.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.

The increasing production of consumer electronics is expected to propel the growth of the interconnect and passive components market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use by individuals for entertainment, communication, productivity and other everyday purposes. Consumer electronics production will fuel the need for interconnect and passive components as they enable seamless connectivity, miniaturization and enhanced functionality within consumer electronic devices, meeting the demands of modern product complexity and integration. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan accounted for $6,722 million (¥771,457 million). In addition, consumer electronics production reached $280 million (¥ 32,099 million) in May 2023, compared to $230.9 million (¥25,268 million) in May 2022. Therefore, increasing the production of consumer electronics will drive the growth of the interconnect and passive component market.

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The interconnect and passive components market segments in the report are:

1) By Product: Passive Components, Interconnects

2) By Application: Consumer Electronics, Data Processing, Telecommunication, Military And Aerospace, Automotive, Industrial, Healthcare

The table of contents in TBRC’s interconnect and passive components market report includes:

1. Executive Summary
2. Interconnect And Passive Components Market Characteristics
3. Interconnect And Passive Components Market Trends And Strategies
4. Interconnect And Passive Components Market – Macro Economic Scenario
5. Global Interconnect And Passive Components Market Size and Growth

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32. Global Interconnect And Passive Components Market Competitive Benchmarking
33. Global Interconnect And Passive Components Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Interconnect And Passive Components Market
35. Interconnect And Passive Components Market Future Outlook and Potential Analysis
36. Appendix

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