“Interconnects and Passive Components Market by Passive Components (Resistor, Capacitor, Inductor, Transformer, and Diode), Interconnect Type (PCB, Connector, Switch, Relay, Adapter, Terminal, Splice, and Socket), Application, and Region – Global Forecast to 2022″, is estimated to be valued at USD 187.55 Billion by 2022, growing at a CAGR of 4.41% between 2017 and 2022.
Of all the major applications, the automotive sector is expected to exhibit highest growth in the overall passive and interconnect market during the forecast period. The growth of the automotive segment is mainly propelled by the introduction of infotainment and internet of things technology in automobiles which helps to add an extra comfort and convert traditional automobiles to smart automobiles.
The passive and interconnects market by product type comprises passive components and interconnects. Interconnects is expected to show higher growth between 2016 and 2022, due to increasing adoption of automation, robotics and infotainment in different industry sectors. Interconnects comprises of products which are used in almost every electronic and electrical device either to establish a connection or to transfer the data.
“Interconnects are expected to lead the interconnects and passive components market during the forecast period”
The interconnects segment is expected to grow at the highest rate between 2016 and 2022. This is primarily due to the different technological advancements across different industries. For instance, introduction of automation and robotics in the industrial sector, infotainment in the automobile sector, high speed bandwidth utilization in the data processing sector and compact electronic devices and consumer electronics sector is driving the demand of these interconnects, globally.
“Connectors are expected to grow at the highest rate in the interconnects and passive components market between 2017 and 2022”
Interconnects and passive components market for the connectors segment is expected to grow at the highest CAGR between 2017 and 2022. This is primarily due to a wide use of connectors across different applications such as automation, robotics, data transfer, and infotainment. Moreover, the demand for optical interconnects and fiber optic connectors in telecommunication and data processing applications boost the demand for the connector segment.
The passive and interconnects market ecosystem includes component suppliers such as TE Connectivity Ltd. (Switzerland), Amphenol Corporation (US), Molex Incorporated (US), Hirose Electric Co., Ltd. (Japan) and Delphi Automotive LLP (UK), TT Electronics Plc. (UK), Cisco Systems, Inc. (US), AVX Corporation (US), Japan Aviation Electronics Industry, Ltd. (Japan), JST Mfg. Co., Ltd. (Japan), Hon Hai Precision Industry Co., Ltd., (Foxconn) (Taiwan), Burndy LLC (US), AMETEK, Inc. (US), Yazaki Corporation (Japan), and Panasonic Corporation (Japan).
- Technology providers
- Research organizations
- Government organizations
- Technology investors
- Technology standards organizations
- Forums, alliances, and associations, and government bodies
- Venture capitalists
- Private equity firms, analysts and strategic business planners, and others.