Through-hole Passive Components Market Size & Share, by Leads Model (Axial Leads, Radial Leads); Component (Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors); Application (Consumer Electronics, IT & Telecommunication, Automotive, Industrial, Aerospace & Defense, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5518
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Through-hole Passive Components Market size is expected to reach USD 85 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of through-hole passive components was over USD 38 Billion. The proliferation of electronic devices in recent years has been remarkable, and its impact on various industries has been nothing short of transformational. The automotive, consumer electronics, telecommunications, and healthcare sectors, in particular, have seen significant growth due to the increasing use of electronic devices. According to analysts at Research Nester, the number of global smartphone users is expected to increase by 2.2% annually, reaching 4.74 billion by 2024.These devices frequently incorporate through-hole passive components such as resistors, capacitors, and inductors, which has resulted in a surge in demand for these components. Overall, the trend towards electronic devices is expected to continue, and the need for passive components is projected to remain strong in the foreseeable future.

Further, the ever-evolving technological landscape demands components that offer higher performance, reliability, and miniaturization. Through-hole passive components have adapted to these requirements, offering improved specifications and capabilities to meet the demands of cutting-edge technologies like IoT, 5G, and AI. According to a recent survey, 66% of organizations are planning to deploy 5G technology in the year 2020. Moreover, 59% of these organizations will be using IoT (Internet of Things) communications as a part of their 5G use case. It has also been estimated that the number of IoT devices will increase from 27 billion in 2017 to 73 billion by the year 2025. All of these factors will result in a significant increase in data volume and create new opportunities for through-hole passive components market growth.


Through-Hole Passive Components Market
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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)
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Through-hole Passive Components Sector: Growth Drivers and Challenges

Market-Growth-Drivers

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 Segmentation

Leads Model (Axial Leads, Radial Leads)

The axial leads segment is estimated to hold 62% share of the global through-hole passive components market by 2036. Axial lead components play a crucial role in offering mechanical stability to the circuit board assembly. They are designed with longer leads and cylindrical shape which provides a strong anchoring point when soldered onto the board. This enhances the overall durability and resistance to mechanical stress, ensuring that the components remain securely in place even under harsh operating conditions. The axial lead configuration offers improved thermal management capabilities. The extended leads and cylindrical shape allow for better heat dissipation. This is particularly advantageous in applications where a significant amount of heat is generated during the operation. The axial lead configuration facilitates efficient heat transfer from the component to the circuit board, reducing the risk of overheating and enhancing the overall reliability of the system.

Component (Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors)

The capacitor segment in the through-hole passive components market is poised to garner the majority of revenue share over the forecast period. The demand for capacitors has been increasing due to the growing popularity of electronics in various sectors like medical and healthcare, industrial, telecommunication, and automotive. These sectors use power circuit boards in multiple devices, including major medical devices, industrial robots, home appliances, and network devices, to receive and transfer data signals. These circuit boards have through-hole passive components that help with the configuration of circuits, power stability, and power conversion, which are crucial for electronic gadgets to function properly. With the production of various types of home appliances, industrial digital devices, and consumer electronic goods increasing, the demand for capacitors is expected to grow rapidly in the forecast period. As per estimated the capacitor segment garner a revenue of USD 31 billion 2021.

Our in-depth analysis of the global market includes the following segments:

          Leads Model

  • Axial Leads
  •  Radial Leads

           Component

  • Resistors
  •  Capacitors
  •  Inductors
  •  Diodes
  •  Transducers
  •  Sensors

          Application

  • Consumer Electronics
  • IT & Telecommunication
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Healthcare

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Through-hole Passive Components Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific through-hole passive components market is anticipated to account for 44% of the revenue share by 2036. The Asia Pacific region is experiencing significant growth in the market due to the implementation of various modules in industries including automotive, consumer electronics, and industrial applications. The rapid adoption of robotic processes in countries such as Japan, South Korea, India, and China across various industries, particularly in the automotive and consumer electronics sectors, is driving the demand for these modules throughout the region. The government initiatives being taken in the Asia Pacific, such as India’s Scheme for Manufacturing Electronic Components and Semiconductors, which provides incentives to manufacturers, are expected to play a crucial role in fostering the growth of the market in the upcoming years.

North American Market Statistics

North American through-hole passive components market is set to attain significant revenue share during the forecast period. North America has a strong industrial sector that includes manufacturing, automation, aerospace, defense, and energy industries. These industries rely heavily on through-hole components for various applications such as machinery control, power electronics, robotics, and infrastructure development. The growing innovation and expansion in these sectors drive the demand for these modules in the North American region. The automotive industry plays a significant role in the North American through-hole components market. The region hosts many automobile manufacturers, and through-hole components are extensively used in automotive electronics and systems. The rising usage of advanced driver assistance systems (ADAS), electric vehicles (EVs), and connectivity features in vehicles also contributes to the increase in demand for through-hole components in the automotive sector. According to estimates, 4.5 million out of 15.07 million vehicles sold in North America in 2021 had some form of ADAS technology.

Research Nester
Through-Hole Passive Components Market Size
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Companies Dominating the Through-hole Passive Components Landscape

top-features-companies
    • TT Electronics PLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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
    • TDK Corporation.
    • Vishay Intertechnology, Inc.

In-the-news

In The News

  • September 2020- A final merger agreement has been reached between Torotel, Inc. and TT Electronics plc ("TT"), whereby TT will purchase Torotel for $43.4 million in cash. It is anticipated that the deal would close in the fourth quarter of 2020, pending regulatory approval and shareholder approval of Torotel.
     
  • April 2023- TDK Corporation participated in this year's Sensor+Test and PCIM, which were held concurrently from May 9 to May 11 in the Exhibition Center Nuremberg, Germany, to showcase its sensor innovations and most recent passive components for automotive, industrial, and medical applications, power electronics, intelligent motion, renewable energy, and energy management. TDK exhibits temperature and pressure sensors, piezoelectric (PVDF) sensors and actuators, ultrasonic sensor modules, acoustic data connection solutions, accelerometers, and magnetic sensors and embedded motor control solutions at Sensor+Test.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5518
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising demand for automotive, consumer electronics, telecommunications, and healthcare are 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 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 by the end of 2036 and provide more business opportunities in the future.
Through-hole Passive Components Market Market Report Scope
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