Latin America Through Hole Passive Components Market Size & Outlook
Latin America through hole passive components market, 2017-2030 (US$M)
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Latin America through hole passive components market highlights
- The Latin America through hole passive components market generated a revenue of USD 2,074.8 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, capacitors was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,074.8 million |
| Market revenue in 2030 | USD 3,080.0 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Capacitors |
| Fastest growing segment | Sensors |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors |
| Key market players worldwide | Vishay Intertechnology Inc, Murata Manufacturing Co Ltd, Yageo Corp ADR, Kyocera Corp, Panasonic Holdings Corp, TDK Corp, TE Connectivity Ltd, Microchip Technology Inc, Bourns |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global through hole passive components market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 32,601.3 million by 2030.
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Through Hole Passive Components Market Scope
Through Hole Passive Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America through hole passive components market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to through hole passive components market will help companies and investors design strategic landscapes.
Capacitors was the largest segment with a revenue share of 42.78% in 2023. Horizon Databook has segmented the Latin America through hole passive components market based on resistors, capacitors, inductors, diodes, transducers, sensors covering the revenue growth of each sub-segment from 2017 to 2030.
Latin America was valued at USD 2,003 million in 2021 and is expected to grow at a CAGR of 4.6% over the forecast period. The growth of the regional market can be attributed to the lucrative opportunities it offers for supplying through-hole passive components for automotive, oil & gas, and industrial applications.
Latin America is home to major oil-producing countries, such as Brazil, Venezuela, Argentina, and Colombia, which are expected to play a niche role in driving the volumes of oil & gas production, and subsequently, the volumes of sea freight.
Changing demographics and the gradually increasing geriatric population are driving the demand for medical devices for monitoring various metrics, such as blood pressure and glucose levels, as well as for MRI and CT scan machines, which is expected to drive the demand for through-hole passive components across South America over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America through hole passive components market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America through hole passive components market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America through hole passive components market size, by country, 2017-2030 (US$M)
Latin America Through Hole Passive Components Market Outlook Share, 2023 & 2030 (US$M)
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