Through-hole Passive Components Market Trends

Growth Drivers

Automotive electronics expansion - The automotive industry’s evolution towards smart and electric vehicles has significantly propelled the demand for through-hole passive components. These components are crucial for various automotive applications, including infotainment systems, safety features, engine control units, and more.
Industrial automation - With the rise of Industry 4.0, the demand for through-hole passive components has surged. These components are integral to the functioning of automated systems, robotics, sensors, and control systems in manufacturing and industrial settings.
Global connectivity demands - The push for enhanced connectivity worldwide including increased internet penetration, Wi-Fi expansion, the rollout of 5G networks, and next generation wireless network has augmented the demand for through-hole passive components needed in network infrastructure, routers, modems, and communication systems.

Challenges

Miniaturization demands - One of the forecast challenges is the incessant demand for smaller, lighter, and more compact electronic devices. Through-hole components traditionally have larger footprints than their surface-mount counterparts, making it challenging to meet the miniaturization requirements without compromising their performance and reliability.
The market faces intense price competition.
Increasing environmental regulations and consumer demands for eco-friendly products present challenges in terms of material sourcing.

Through-hole Passive Components Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	7 %
Base Year Market Size (2023)	USD 38 Billion
Forecast Year Market Size (2036)	USD 85 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

The increase in data volume from various industries such as automotive, consumer electronics, telecommunications, and healthcare is driving the growth of the market.

The market size of through-hole passive components is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are TT Electronics PLC, Bourns, Inc.,CORNELL DUBILIER AND CORNELL DUBILIER MARKETING, INC.,TDK Electronics AG, SAMSUNG ELECTRO-MECHANICS, TAIYO YUDEN CO., LTD., Walsin Technology Corporation, Yageo Corporation, KEMET Corporation., KYOCERA AVX Components Corporation,and others.

The axial leads segment is anticipated to garner the largest market size of 62% by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share of 44% by the end of 2036 and provide more business opportunities in the future.

Through-hole Passive Components Market Trends