North America Through Hole Passive Components Market Size & Outlook
North America through hole passive components market, 2017-2030 (US$M)
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North America through hole passive components market highlights
- The North America through hole passive components market generated a revenue of USD 8,422.4 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,422.4 million |
| Market revenue in 2030 | USD 13,164.0 million |
| Growth rate | 6.6% (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, North America region accounted for 22.4% 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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North 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 43.11% in 2023. Horizon Databook has segmented the North 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.
North America is home to several critical vendors known for continuously working toward developing connected technologies and technology-based manufacturing solutions, which is expected to play a decisive role in driving the growth of the regional market over the forecast period.
Continued advances in the latest technologies, aggressive adoption of innovative solutions based on the latest technologies, and the introduction of robots in manufacturing are expected to drive the demand for through-hole passive components across the region.
For instance, according to the Robotic Industries Association, a total of 34,987 robots were installed in the U.S. alone, in 2021 which marks a growth of 14% from 2020. Such favorable developments bode well for the growth of the regional market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America through hole passive components market , including forecasts for subscribers. This continent databook contains high-level insights into North America through hole passive components market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America through hole passive components market size, by country, 2017-2030 (US$M)
North America Through Hole Passive Components Market Outlook Share, 2023 & 2030 (US$M)
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