- The key vendors in the global passive component market 2015-2019 are Kyocera Corp., Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd. And TDK Corp.
London, 15 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global passive component market 2015-2019. High-temperature capacitor technology is one of the major trends upcoming in the market. Temperature-critical applications such as in automotive, aerospace (in particular jet engines) and down-hole drilling require high temperature-withstanding capacitors, often approaching or exceeding 392°F. The global passive component market 2015-2019 is expected to grow at a CAGR of 3.61% during 2014-2019.
Advances in technology is a recent trend in the passive component industry, with leading electronic device manufacturers offering compact devices with enhanced features. Passive component manufacturers are continuously upgrading and evolving the designs of capacitors, inductors, and resistors.
“Today, most vehicles are integrated with on-board digital systems such as climate control devices, GPS, audio systems, and voice control systems,” says Faisal Ghaus, Vice President of Technavio Research.
“The average cost of electronic devices in a vehicle accounts for roughly 42% of the total cost of the car, which will increase the demand for passive components, as they form the major constituents of electronic devices. This provides a significant opportunity for passive component manufacturers to increase their presence in the automotive industry.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
