While often unseen, the humble resistors, capacitors, and inductors that form the backbone of every electronic device powered a massive USD 45.7 billion global market in 2023, a figure poised to surge to USD 58.3 billion by the end of the decade.
Key Takeaways
- The global passive components market size was valued at USD 42.5 billion in 2022 and is expected to grow to USD 58.3 billion by 2030 at a CAGR of 4.1%
- Passive components accounted for 15% of the total electronic components market revenue in 2023, reaching USD 45.7 billion globally
- The capacitor segment dominated the passive components market with a 48% share in 2023, valued at USD 22.1 billion worldwide
- Asia-Pacific passive components market was valued at USD 28.9 billion in 2023, holding 63% global share
- North America passive components market reached USD 7.2 billion in 2023, growing at 3.8% CAGR
- Europe passive components industry generated EUR 12.4 billion (USD 13.5 billion) in 2023
- Murata Manufacturing held 22% global market share in MLCCs with USD 4.2 billion revenue in FY2023
- TDK Corporation's passive components division generated JPY 850 billion (USD 5.7 billion) in 2023 sales
- Yageo Corporation acquired KEMET, boosting its passive revenue to USD 3.8 billion in 2023
- Capacitors segment grew 5.2% to USD 23.4 billion globally in 2023, led by MLCCs at 75% sub-share
- Resistors market divided into thick-film (60%, USD 6.4 billion) and thin-film (25%) in 2023
- Inductors segmented by SMD (65%, 1.0 trillion units) vs. through-hole in 2023 shipments
- The global passive components market is projected to reach USD 65.7 billion by 2030, growing at a CAGR of 5.3% from 2024-2030
- MLCC demand expected to grow 6.8% CAGR to 2030, driven by EVs and 5G, reaching 3.5 trillion units annually
- Automotive passive components market to hit USD 15.2 billion by 2028 at 7.1% CAGR
The passive components market is growing steadily, driven largely by consumer electronics and automotive demand.
Company-Specific Statistics
- Murata Manufacturing held 22% global market share in MLCCs with USD 4.2 billion revenue in FY2023
- TDK Corporation's passive components division generated JPY 850 billion (USD 5.7 billion) in 2023 sales
- Yageo Corporation acquired KEMET, boosting its passive revenue to USD 3.8 billion in 2023
- Samsung Electro-Mechanics produced 1.1 trillion MLCC units in 2023, holding 18% market share
- Vishay Intertechnology's resistors segment sales reached USD 1.2 billion in 2023
- Kyocera's passive components revenue was JPY 320 billion (USD 2.1 billion) in FY2023
- Taiyo Yuden shipped 650 billion inductors in 2023, with 12% global share
- AVX Corporation (Kyocera) MLCC sales hit USD 1.9 billion in 2023
- Bourns Inc. resistor production exceeded 200 billion units in 2023, revenue USD 350 million
- KOA Speer Electronics held 8% resistor market share with JPY 45 billion sales in 2023
- Nichicon Corporation's capacitor revenue grew 9% to JPY 180 billion in FY2023
- Panasonic's passive components division reported USD 2.4 billion in 2023
- TE Connectivity's passives segment sales USD 1.1 billion in FY2023
- Littelfuse inductors revenue reached USD 450 million in 2023, up 11%
- Delta Electronics passive components contributed 15% to total revenue of USD 12 billion in 2023
- Rohm Semiconductor's passives sales JPY 120 billion in FY2023
- Sumida Corporation inductor revenue USD 280 million in 2023
- Cornell Dubilier Electronics capacitor sales USD 220 million in 2023
- Walsin Technology MLCC production 400 billion units, revenue TWD 18 billion (USD 560 million) 2023
- Fenghua Advanced Technology held 5% China MLCC share with CNY 2.5 billion sales 2023
- Nippon Chemi-Con electrolytic capacitors revenue JPY 95 billion in 2023
Company-Specific Statistics Interpretation
While Japan's titans like Murata still dominate the capacitor kingdom, the industry's landscape is a high-stakes chessboard where strategic acquisitions, relentless scale, and regional challengers are all vying to control the microscopic foundations upon which our entire digital world hums.
Future Projections and Trends
- The global passive components market is projected to reach USD 65.7 billion by 2030, growing at a CAGR of 5.3% from 2024-2030
- MLCC demand expected to grow 6.8% CAGR to 2030, driven by EVs and 5G, reaching 3.5 trillion units annually
- Automotive passive components market to hit USD 15.2 billion by 2028 at 7.1% CAGR
- Resistor ASP projected to decline 2% annually to 2030 due to miniaturization
- Inductors for renewables expected USD 12 billion by 2032, 8.2% CAGR from 2024
- SiC-based passive components market to grow 25% CAGR to USD 2.1 billion by 2030
- Consumer electronics passives demand to rise 4.5% annually to 2030 amid wearables boom
- Supply chain resilience investments to cut passive shortages by 40% by 2027
- High-density MLCCs (22uF/0402) to capture 30% market by 2030 from 12% in 2023
- Passive components in data centers projected USD 8.4 billion by 2029, 9% CAGR
- Sustainability trends to make 50% passives RoHS3 compliant by 2028
- Edge AI devices to drive 15% annual growth in specialized inductors to 2030
- Global capacitor film for power electronics USD 5.6 billion by 2032 at 10% CAGR
- Resistor arrays/modules to grow 6% to USD 2.3 billion by 2030 in telecom
- Wireless power transfer passives market USD 4.2 billion by 2030, 22% CAGR
- Miniaturized passives (01005 size) shipments to quadruple to 500 billion by 2030
- Electrolytic cap replacements by polymers to reach 45% by 2030
- Passives for quantum computing niche USD 150 million by 2032, 35% CAGR
- 6G infrastructure passives demand USD 3.7 billion by 2035
- Circular economy recycling for passives to hit 45% by 2030 from 25%
- EV battery management passives USD 6.8 billion by 2030, 12% CAGR
- Aerospace passives to grow 5.8% to USD 4.9 billion by 2029
- Medical device passives market USD 7.1 billion by 2031 at 6.2% CAGR
- Industrial automation passives USD 10.3 billion by 2030, 7.4% growth
- Production capacity for passives expected to expand 9% annually to 8 trillion units by 2030
- AI server passives demand to surge 20% YoY through 2028
Future Projections and Trends Interpretation
This quiet, indispensable army of resistors, capacitors, and inductors is plotting a multi-front, multi-billion-dollar world takeover, from supercharging electric cars and AI servers to shrinking into our wearables and even recycling themselves for a sustainable encore.
Global Market Statistics
- The global passive components market size was valued at USD 42.5 billion in 2022 and is expected to grow to USD 58.3 billion by 2030 at a CAGR of 4.1%
- Passive components accounted for 15% of the total electronic components market revenue in 2023, reaching USD 45.7 billion globally
- The capacitor segment dominated the passive components market with a 48% share in 2023, valued at USD 22.1 billion worldwide
- Resistors held a 25% market share in the passive components industry in 2022, generating USD 10.6 billion in revenue
- Inductors represented 18% of the global passive components market in 2023, with sales volume exceeding 1.2 trillion units
- The passive components market grew by 5.2% year-over-year in 2023, driven by demand in consumer electronics
- Automotive sector demand boosted passive components market by USD 3.4 billion in 2023 globally
- Asia-Pacific region contributed 62% to the global passive components market revenue in 2023, totaling USD 28.4 billion
- The market for multilayer ceramic capacitors (MLCCs) within passive components reached USD 18.7 billion in 2023
- Global production capacity for passive components increased by 7% to 5.8 trillion units in 2023
- Passive components import value worldwide hit USD 35.2 billion in 2022
- The average selling price (ASP) of capacitors fell by 12% to USD 0.015 per unit in 2023 globally
- Inductor market within passive components saw a 6.3% CAGR from 2018-2023, reaching USD 8.9 billion
- Resistor shipments globally totaled 1.5 trillion units in 2023, up 4% from 2022
- Passive components R&D investment by top firms reached USD 2.1 billion in 2023 worldwide
- The global market for film capacitors in passive components was USD 2.3 billion in 2023
- Tantalum capacitors segment grew to USD 1.8 billion globally in 2023 at 3.5% CAGR
- Global passive components export volume increased 8.2% to 4.2 trillion units in 2023
- The market penetration of SMD passive components reached 78% globally in 2023
- Passive components failure rate in electronics averaged 0.5% globally in 2023 field tests
- Global inventory levels for passive components rose to 120 days supply in Q4 2023
- The passive components market saw a 10% price recovery in Q3 2023 after shortages
- Wireless charging components market within passives hit USD 1.2 billion in 2023
- Global passive components recycling rate improved to 25% in 2023
- The market for high-voltage passive components grew 9% to USD 4.5 billion in 2023
- Passive components used in IoT devices numbered 800 billion units shipped globally in 2023
- Global ASP for inductors stabilized at USD 0.022 in 2023 after 15% drop in 2022
- Passive components carbon footprint reduced by 12% industry-wide to 45 Mt CO2e in 2023
- The global ferrite core market for passives reached USD 3.1 billion in 2023
- Passive components testing equipment market grew to USD 1.5 billion globally in 2023
Global Market Statistics Interpretation
Despite capacitors graciously conducting nearly half the industry's business, the entire passive components market hums along with quiet, indispensable growth—powered by relentless consumer demand, automotive innovation, and Asia-Pacific manufacturing—proving that while the spotlight shines on flashier tech, the humble resistor, inductor, and capacitor truly keep the electrons in line and the global economy charged.
Product Segment Statistics
- Capacitors segment grew 5.2% to USD 23.4 billion globally in 2023, led by MLCCs at 75% sub-share
- Resistors market divided into thick-film (60%, USD 6.4 billion) and thin-film (25%) in 2023
- Inductors segmented by SMD (65%, 1.0 trillion units) vs. through-hole in 2023 shipments
- MLCCs average capacitance increased to 10uF per unit in high-end apps in 2023
- Aluminum electrolytic capacitors held 22% capacitor market share at USD 5.1 billion in 2023
- Wirewound inductors dominated power apps with 40% segment share, USD 3.6 billion 2023
- Film capacitors for EV grew 15% to USD 2.8 billion, polypropylene type 55% sub-share 2023
- Chip resistors shipments 1.2 trillion units, 80% 0402-0603 sizes in 2023
- Tantalum polymer capacitors rose to 18% tantalum segment, USD 0.32 billion in 2023
- Ferrite beads in EMI suppression inductors hit USD 1.1 billion, 25% inductor market 2023
- Supercapacitors within passives reached USD 0.9 billion in 2023, hybrid type 30% growth
- Precision resistors (0.1% tolerance) 12% of resistor market, USD 1.3 billion 2023
- Power inductors for DC-DC converters USD 2.4 billion, 27% inductor share 2023
- Ceramic capacitors excluding MLCCs USD 1.7 billion, high-temp variants 20% 2023
- Variable resistors (trimmers/potentiometers) declined to USD 0.8 billion, 7% resistor share 2023
- SMD inductors average inductance 4.7uH in smartphones, shipped 550 billion 2023
- Niobium capacitors emerging at USD 50 million, 2% tantalum replacement 2023
- High-frequency inductors for RF >1GHz USD 0.7 billion, 8% segment 2023
Product Segment Statistics Interpretation
While capacitors quietly electrify the world with MLCCs leading the charge, resistors diligently thin-film and thick-film their way through trillions of tasks, and inductors, whether surface-mounted or through-hole, power our progress—all proving that the passive components industry is anything but passive.
Regional Market Statistics
- Asia-Pacific passive components market was valued at USD 28.9 billion in 2023, holding 63% global share
- North America passive components market reached USD 7.2 billion in 2023, growing at 3.8% CAGR
- Europe passive components industry generated EUR 12.4 billion (USD 13.5 billion) in 2023
- China dominated Asia-Pacific with 45% regional share, USD 13.0 billion in passive components sales 2023
- Japan's passive components production volume hit 2.1 trillion units in 2023
- South Korea passive components exports reached USD 8.7 billion in 2023, up 6% YoY
- Taiwan's share of global MLCC production was 35% in 2023, supplying 1.8 trillion units
- India's passive components market grew 12% to USD 1.2 billion in 2023, driven by electronics manufacturing
- US passive components imports totaled USD 15.4 billion in 2023, 70% from Asia
- Germany's automotive passive components demand was EUR 2.8 billion in 2023
- Southeast Asia passive components market expanded to USD 4.1 billion in 2023 at 7.5% CAGR
- Brazil's passive components consumption reached USD 0.9 billion in 2023, up 5%
- Middle East & Africa passive market hit USD 1.8 billion in 2023, led by telecom
- Mexico's electronics industry drove passive components to USD 2.3 billion in 2023
- UK's passive components R&D spend was GBP 450 million (USD 570 million) in 2023
- Vietnam emerged with USD 1.1 billion passive components production in 2023
- Australia's telecom passives market was AUD 800 million (USD 530 million) in 2023
- Russia's passive components imports fell 8% to USD 1.2 billion amid sanctions in 2023
- Canada's passive market grew to CAD 3.2 billion (USD 2.4 billion) in 2023
- Thailand's capacitor production reached 450 billion units in 2023
- France's aerospace passives segment was EUR 650 million in 2023
- Singapore's passive components hub handled USD 5.2 billion trade in 2023
- Indonesia's market for passives hit USD 0.8 billion in 2023, growing 10%
- South Africa's mining equipment passives demand USD 250 million in 2023
- Philippines electronics passives production USD 1.5 billion in 2023
- Italy's industrial passives market EUR 1.1 billion in 2023
Regional Market Statistics Interpretation
Asia-Pacific firmly commands the electronics world's stage, accounting for nearly two-thirds of all passive components and leaving other regions to navigate their own niches, from Germany's auto-focused demand to India's explosive growth, while trade patterns starkly reveal who builds the parts and who assembles the final products.
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