The global passive electronic components market size was valued at USD 39.86 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 57.23 Billion by 2033, exhibiting a CAGR of 3.90% from 2025-2033. North America currently dominates the market, holding a market share of over 35.8% in 2024. The market is primarily driven by the rising demand in consumer electronics like smartphones and wearables, growing adoption of electric vehicles and advanced automotive systems, and expanding renewable energy infrastructure requiring efficient energy management and reliability in energy-generating and storage systems.
Passive electronic components refer to electrical parts that do not generate power and are incapable of power gain. They consist of capacitors, resistors, transformers, inductors and coils. They are manufactured using tantalum, ceramic, aluminum electrolytic, paper and plastic films. Passive electronic components absorb energy and do not require electrical power to operate. They are commonly used in various electronic devices, such as computers, home appliances, smartphones and gaming consoles. They are reliable, easy to design, cost-effective and can easily handle large voltage currents and power without the requirement of a power supply and amplifying elements. As a result, passive electronic components are widely used across medical, automotive, aerospace, energy, telecommunications, defense, and data storage industries.
Passive Electronic Components Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Passive electronic components are widely used in specialized and high-performing components, such as emergency brake assistance systems and infotainment. In line with this, the increasing demand for electric vehicles (EVs) due to environmental and emission concerns is favoring the market growth. Additionally, various new product innovations, such as the introduction of wire wound and metal oxide high-power resistors that assists in monitoring circuits and diagnosing and testing sensors, are providing an impetus to the market growth. Furthermore, the growing miniaturization of passive electrical components that can easily be used in consumer electronics, such as smartphones, cameras and speakers, is positively impacting the market growth. Apart from this, the widespread product utilization in medical devices integrated with sensors to collect data about patients, extensive research and development (RD&D) activities and the introduction of various shapes and geometries of inductors are anticipated to drive the market toward growth.
Key Market Segmentation:
Breakup by Type:
Capacitor
Ceramic Capacitors
Tantalum Capacitors
Aluminum Electrolytic Capacitors
Paper and Plastic Film Capacitors
Supercapacitors
Inductor
Power
Frequency
Resistor
Surface-mounted Chips
Network
Wirewound
Film/Oxide/Foil
Carbon
Breakup by End Use Industry:
Aerospace and Defense
Consumer Electronics
Information Technology
Automotive
Industrial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation.
Key Questions Answered in This Report
1.What are passive electronic components?
2.How big is the passive electronic components market?
3.What is the expected growth rate of the global passive electronic components market during 2025-2033?
4.What are the key factors driving the global passive electronic components market?
5.What is the leading segment of the global passive electronic components market based on type?
6.What is the leading segment of the global passive electronic components market based on end use industry?
7.What are the key regions in the global passive electronic components market?
8.Who are the key players/companies in the global passive electronic components market?