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The passive component market size is forecast to increase by USD 13.09 billion at a CAGR of 6.58% between 2023 and 2028. The market is experiencing significant growth due to several key trends and drivers. The global shortage of miniature components, such as capacitors and inductors, is a major factor fueling market expansion. This shortage is driven by the increasing demand for high-capacity components in various applications, including high-voltage components and IC chips. Additionally, the growing advancement of the Internet of Things (IoT) in industries is leading to an increased need for voltage filtering, noise filtering, and electromagnetic interference (EMI) suppression components. Current regulation is another critical application area for passive components, particularly in power electronics and renewable energy systems. Despite these growth opportunities, the market faces challenges, including the volatility in raw material prices and the need for continuous innovation to meet the demands of emerging technologies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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