Through-hole Passive Components Market To Reach $62.99 Billion By 2030

Through-hole Passive Components Market Growth & Trends

The global through-hole passive components market size is expected to reach USD 62.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.6% from 2023 to 2030. In practically every environment today, electronic gadgets are driven and controlled by electrical modules which move the current through electronic circuits. An electronic component that dissipates, stores, and then releases the power had previously referred to as a passive element. Passive electronic components are those which does not consume any energy. It doesn't generate energy, doesn't require any power, and doesn't need any kind of electricity to run. These modules are usually sequentially placed on a Printed Circuit Board (PCB). The passive components drilled in the PCB boards are called through-hole passive components. The through-hole passive components offer a better build and are more resistant to the changes that occur with time.

One of the main factors propelling the growth of the global through-hole passive component market is the rising demand for these modules in the medical and automotive sectors. Global healthcare expenditure has increased substantially in recent years owing to the growing prevalence of immunodeficiency disorders, the increasing global population of geriatrics, and the rising number of people with diseases such as diabetes and high blood pressure. These factors have led to a notable increase in the demand for electronic medical devices for a range of uses. In response, medical device manufacturers are introducing affordable and reliable medical equipment. Various through-hole passive components are used in medical devices to achieve higher reliability and affordability. Devices such as blood glucose meters, blood pressure monitors, Electrocardiograms (ECG), and MRI and CT scans incorporate many such modules.

Suppliers of through-hole passive components, including capacitors, resistors, and inductors, face challenges due to the weakening electronics market. This market has reached a mature stage and is experiencing sluggish sales, leading vendors to reduce their quarterly forecasts. This slowdown comes after a prolonged strong demand and long lead times. Unlike semiconductors, through-hole passive components, connectors, and electromechanical components are typically specified and incorporated into electronic device design cycles at a later stage.

Key companies working in the through-hole passive component market are Vishay Intertechnology, Inc., YAGEO Group, TDK Corporation, Murata Manufacturing Co., Panasonic Holding Corporation Microchip Technology Inc, TE Connectivity Ltd, and KYOCERA AVX Components Corporation, among others. Companies are actively participating in various strategic initiatives such as product launches, acquisitions, and partnerships to gain competitive advantage.

For instance, in August 2022, Vishay Intertechnology, Inc. announced the introduction of IHSR-6767GZ-5A, an automotive-grade inductor featuring shielded and composite construction. This new product release demonstrates the company's commitment to delivering advanced solutions to the automotive industry. The inductor is designed to offer exceptional resistance to thermal shock, moisture, and mechanical shock, ensuring reliable performance in challenging operating conditions. Additionally, it boasts the capability to handle high transient current spikes without saturation, further enhancing its efficiency and reliability in automotive applications.

 Request a free sample copy or view report summary: Through-hole Passive Components Market Report

Through-hole Passive Components Market Report Highlights

• Key factors such as the increasing demand for consumer electronics, rise in automobile sales, and increased usage of through-hole passive components in medical devices are driving the market growth

• The growing importance of automation and Industry 4.0 in several industries, such as manufacturing, oil and gas, etc., drives the global market. Moreover, governments of various countries are also providing subsidies to establish the manufacturing facilities of through-hole passive components, which is opportunistic for the market

• The sensors segment dominated the market and is expected to grow at the highest CAGR of 11.5% from 2023 to 2030

• The consumer electronics segment dominated the market and accounted for a revenue share of 32.43% in 2022

• The use of robots in manufacturing, assembly lines, and packaging is also increasing, which is also responsible for the high adoption of through-hole passive components

Through-hole Passive Components Market Segmentation

Grand View Research has segmented the global through-hole passive components market based on component, leads model, application, and region:

Through-hole Passive Components Outlook (Revenue, USD Billion, 2017 - 2030)

• Resistors

• Capacitors

• Inductors

• Diodes

• Transducers

• Sensors

• Others

Through-hole Passive Components Leads Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Axial Leads

  • Resistors

  • Capacitors

  • Inductors

  • Diodes

  • Transducers

  • Sensors

  • Others

• Radial Leads

  • Resistors

  • Capacitors

  • Inductors

  • Diodes

  • Transducers

  • Sensors

  • Others

Through-hole Passive Components Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Consumer Electronics

  • Mobile Phones

  • Personal Computers

  • Home Appliances

  • Audio and Video Systems

  • Storage Devices

  • Others

• IT & Telecommunication

  • Telecom Equipment

  • Networking Devices

• Automotive

  • Driver Assistance Systems

  • Infotainment Systems

  • Others

• Industrial

  • Industrial Automation and Motion Control

  • Mechatronics and Robotics

  • Power Electronics

  • Photovoltaic Systems

  • Others

• Aerospace & Defense

  • Aircraft Systems

  • Military Radars

  • Others

• Healthcare

  • Medical Imaging Equipment

  • Consumer Medical Devices

  • Others

• Others

Through-hole Passive Components Regional Outlook (Revenue, USD Billion; 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players in the Through-hole Passive Components Market

• Vishay Intertechnology, Inc.

• YAGEO Group

• Murata Manufacturing Co., Ltd.

• KYOCERA AVX Components Corporation

• Panasonic Holdings Corporation

• Bourns, Inc.

• TDK Corporation

• TE Connectivity

• Microchip Technology Inc.