Interconnects and Passive Components Market Trends

Global Interconnect And Passive Components Market Overview

Interconnect And Passive Components Market Size was valued at USD 181,538.4 Million in 2021. The Interconnect And Passive Components market industry is projected to grow from USD 184,144.6 Million in 2022 to USD 296,717.3 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period (2022 - 2030). The electrical components business is critical in a world of technological advancement. It is critical that the sector continues to expand and be supported by good supply chains in order to create the immediately accessible supply of electronic devices that customers today expect. 

Active components, passive components, and printed circuit boards (PCBs) are all in great demand in a variety of industries, including medical electronics, industrial robots, and portable electronics. From smartphones to fitness gadgets to virtual assistants, new product development is more inventive than ever. With so many new, networked products being invented and delivered on a daily basis, customer demand has skyrocketed. The development of 5G infrastructure is another area that requires major participation from electronics makers and suppliers. In the United Kingdom, EE has already deployed their 5G network utilizing Huawei technology. 

The Internet of Things (IoT) has grown rapidly in recent years. All of the technologies described above, including smartphones, fitness watches, and smart meters, require ongoing connectivity and communication. At the core of this technology are a number of sophisticated electrical components. Many vital industries, including healthcare and aerospace, are creating and seeking innovative technical solutions. These domains require active, passive, and PCB components for a variety of applications ranging from aero plane navigation systems to healthcare tracking devices.

FIGURE 1 INTERCONNECT AND PASSIVE COMPONENTS MARKET 2018-2030

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Covid-19 Analysis

The COVID-19 pandemic's quick spread had an effect on the global market for semiconductor, upsetting the supply chain and harming several businesses. International border restrictions, sweeping social distance-building tactics, and national lockdowns have all severely reduced trade activity. Since businesses all over the world were forced to either totally shut down or partially, this had a tremendous impact on the global Interconnects and Passive Components market. The second wave of COVID-19 also caused market disruption in a number of important markets in 2021, including the US, India, and Brazil, among others. The global market for electrical components that are passive and interconnected has been significantly impacted by the pandemic. There is reduced demand for passive and connecting electrical components as the rate of new construction projects has slowed down globally. Global supply chains have been disrupted as a result of the workers' absence, which has made it difficult for manufacturers to build and assemble new equipment. Even devices that are already in various warehouses cannot be transferred because of current norms and regulations. Due to the fact that only the manufacturing and supply chain are suspended, COVID-19 temporarily affects the market size for passive and interconnected electronic components. However, the market is projected to experience sustained demand growth over the forecast period due to the recovery of trade activities.

Interconnect And Passive Components Market Driver

• Significant Adoption Of IoT Devices In Industrial Sector

The Internet of Things (IoT) is a network of physical items that are connected to the internet. These physical things feature technology that allows them to interact with both internal and exterior influences. Retail, transportation, agriculture, smart home, smart city, lifestyle, supply chain, emergency, healthcare, environment, and energy are all areas where IoT is used. IoT devices are changing the industrial sector all over the world by enabling manufacturing facilities to increase their overall production and operational efficiency by making their systems more accessible and minimising total system downtime. The development of Industrial 4.0 has also led to the deployment of a variety of linked devices in various industrial facilities, which will help to streamline operational processes through remote monitoring. The market for passive and interconnected electrical components is anticipated to reach new heights in the future years as a result of the extensive usage of IoT devices in a variety of industrial applications, including motion control and process automation. For instance, the usage of IoT in healthcare has grown dramatically in recent years and is expected to continue to grow in the coming years. Tracking of objects, workers, and patients; identification and authentication of people; automatic data collecting; and sensing are some of the several benefits offered by IoT in the realm of healthcare. Aditionally, the market is anticipated to be driven by the rapidly growing use of smartphones and laptops in developing countries like China and India. With the increased adoption of internet of things (IoT) devices, the industrial sector is undergoing rapid change. By improving operability and decreasing system downtime, industrial IoT devices help manufacturing facilities improve their overall productivity and operational efficiency. As a result, the market for passive and interconnecting electronic components will grow over the projected period due to the widespread adoption of IoT devices in a variety of industrial applications, including process automation and motion control.

Interconnect And Passive Components Market Opportunity

• Advancements In Industrial M2M Communications And Rising Industrial Automation

Organizations now rely on wireless machine-to-machine (M2M) connections as a result of changing times, more automated modern structures and infrastructure. M2M technology enables both public and commercial enterprises to monitor and manage nearly any system remotely, including telemetry systems, sensors, cameras, industrial equipment, and cameras. As a result, businesses are able to operate industrial plants and numerous other distant and difficult-to-reach systems more effectively. One of the advancement in M2M communication is Teleservice. It is an important part of M2M communication involves data exchange over the telephone line or via the Internet with distant technical systems, such as machines, plants or computers for error detection, diagnostics, maintenance, repair or machine optimisation. Teleservice offers an efficient, bespoke and resource-saving answer to diagnose distant systems, or to help plan and implement preventative maintenance. Telecontrol another aspect of M2M communication involves the connection of distant process stations to one or more central control systems. Various public or private networks can be used for communication for monitoring and control.

Interconnect And Passive Components Market Segment Insights

Interconnect And Passive Components Component Type Insights

By component type segment of Interconnects and Passive Components market has been segmented into Passive and Interconnects. Electronic components that are passive and interconnected are employed as vital pieces of electronic devices such as cellphones, laptops, electrical household appliances, and game consoles. They are regarded as the foundation of computers, consumer electronics, telecommunications, and a variety of other businesses. Sockets, connectors, printed circuit boards, relays, switches, and many more components are included. During the projected period, the demand for Interconnects segment is expected to grow rapidly.

FIGURE 2 INTERCONNECT AND PASSIVE COMPONENTS MARKET SIZE (USD MILLION) BY COMPONENT TYPE 2021 VS 2030Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Interconnect And Passive Components Application Insights

By application segment of Interconnects and Passive Components market has been segmented into Consumer Electronics, IT & Telecommunications, Automotive, Industrial, Aerospace & Defense, Healthcare, and Others. During the projected period, the IT & telecommunication segment is expected to rise rapidly.

Interconnect And Passive Components Regional Insights

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America region.

Asia Pacific is expected to have a significant share of the Interconnect And Passive Components Market during the projected period.

Asia pacific (APAC) region is most populated region, the region consists of some of the major economies of the world including China, India, Japan, and south Korea. APAC's market demand is being bolstered by factors such as rapidly developing semiconductor market. In addition, the APAC market is expected to have the highest revenue collections in the global market, owing to factors such as rising raw material costs and the fragmented character of the sector.  Asia Pacific attained a market size of USD 96.5 million emerging as the dominant region in the entire market for passive and interconnecting electronic components. The growth is majorly driven by the existence of major electronic product manufacturers and exporters in the region. Presence of key consumer electronics manufacturers such as Samsung Electronics Co., Ltd., BBK electronics (Includes brands such as Oppo, Realme, Vivo), Foxconn Technology Group, Xiaomi Corporation is expected to bode well for the regional growth. However, due to the Covid19 outbreak, prominent countries such as China, India, South Korea, and Japan are negatively impacted. Additionally, government initiatives has accelerated market growth in this region. For instance, Indian government has released three key schemes including Component Manufacturing Scheme, Production linked Incentive Scheme, and Modified Electronics Manufacturing Clusters Scheme to promote the overall electronic components and device productions in the country over the coming years.

FIGURE 3 INTERCONNECT AND PASSIVE COMPONENTS MARKET (USD MILLION) SIZE BY REGION 2021 VS 2030Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Interconnect And Passive Components Key Market Players & Competitive Insights

The Interconnects and Passive Components Market is characterized by the presence of many global, regional, and local players. The market is competitive, with all the players competing to gain maximum market share. Significant adoption of IoT devices in industrial sector, the rising demand for passive and interconnecting components in 3c applications and increasing demand for miniaturized and high-performance electronic devices are key factors that drive the market growth. Limitations in Interconnects as Devices Shrink in Size restraints the growth of Interconnects and Passive Components market. However, advancements in industrial m2m communications and rising industrial automation, need for passive components in mission critical markets, and the growing need for high-reliability electronic components will create opportunities for the market’s growth.

April 2022 Kyocera Corporation launched its new line of single-piece card-edge connector solutions with the addition of the new 9159-650 Series vertical, dual-row, top-entry card-edge connectors.

Key Companies in the Interconnect And Passive Components market include

• KYOCERA AVX COMPONENTS CORPORATION. (KYOCERA CORPORATION)


• Molex LLC


• Panasonic Corporation


• Ametek Inc.


• Amphenol Corporation


• Vishay Intertechnology, Inc.


• Murata Manufacturing Co. Ltd.


• TDK Corporation


• Samsung Electro-Mechanics


• Hosiden Corporation


• Fujitsu


• TE Connectivity


• Hon Hai Precision Industry Co. Ltd.


• HIROSE Electric Co. Ltd.


• Mouser Electronics, Inc.

Interconnect And Passive Components Industry Developments

September 2022 Molex had launched a pluggable module solution for co-packaged optics (CPO). The External Laser Source Interconnect System (ELSIS) is a complete system of the cage, optical and electrical connectors with a pluggable module that uses proven technology to speed the development of hyperscale data centers.

September 2022 Panasonic launched the new CF1 Series Board-to-FPC Automotive Connectors. The new CF1 Series Board-to-FPC connection has a 125°C heat resistance and necessary vibration characteristics suitable for the automotive and transportation market. Panasonic's CF1 Series Automotive Connectors preserve contact reliability using a double-sided clip contact structure.

August 2022 Amphenol Corporation launched its Amphe-PD series with two low-profile, two-way power connectors that can carry high currents. The Amphe-PD Mini 5.7mm and Gen2 5.7mm Amphe-PD can transfer power from a PSU/PDU to a CPU or GPU PCB board.

Interconnect And Passive Components Market Segmentation

Interconnect And Passive Components Component Type Outlook

• Passive
  
  
  
  • Capacitors
  
  
  • Resistors
  
  
  • Inductors
  
  
  • Transformers
  
  
  • Diodes
  
  
  • Others
  
  
  
  


• Interconnects
  
  
  
  • PCB
  
  
  • Connectors/ Sockets
  
  
  • Relays
  
  
  • Switches
  
  
  • Others
  
  
  
  

Interconnect And Passive Components Application Outlook

• Consumer Electronics


• IT & Telecommunications


• Automotive


• Industrial


• Aerospace & Defense


• Healthcare


• Others

Interconnect And Passive Components Regional Outlook

• 
  

  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• 
  

  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• 
  

  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  

  Middle East & Africa

  
  


• 
  

  South America