Global Interconnects and Passive Components Market, By Solution (Residential DRMS, Commercial DRMS, Industrial DRMS), Services (System Integration and Consulting Services, Support and Maintenance, Curtailment Services, Managed Services), Verticals (Office and Commercial Buildings, Energy and Power, Manufacturing, Municipal, University, School, and Hospital Systems) - Industry Trends and Forecast to 2030.
Interconnects and Passive Components Market Analysis and Size
Rise in the proliferation of automotive infotainment and consumer electronics is a crucial factor accelerating the market growth, also rise in the government support for HCIT solutions, rise in the demand for miniaturized and high-performance electronic devices, rise in the advancements in industrial M2m communication technology and rise in the industrial automation are the major factors among others boosting the interconnects and passive components market.The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global interconnects and passive components market which was USD 184,144.5 million in 2022, is expected to reach USD 296,717.2 million by 2030, and is expected to undergo a CAGR of 6.1% during the forecast period 2023-2030. This indicates the market value. “Residential DRMS” segmnet dominates the solution segment of the global interconnects and passive components market, as they are actively seeking ways to minimize energy consumption and lower power bills while minimizing their carbon footprints as demand for electricity continues to climb. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Interconnects and Passive Components Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Solution (Residential DRMS, Commercial DRMS, Industrial DRMS), Services (System Integration and Consulting Services, Support and Maintenance, Curtailment Services, Managed Services), Verticals (Office and Commercial Buildings, Energy and Power, Manufacturing, Municipal, University, School, and Hospital Systems)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Koch Industries (U.S.), HIROSE ELECTRIC CO. (Japan), Delphi Technologies (U.K.), TT Electronics. (U.K.), Japan Aviation Electronics Industry (Japan), AVX Corporation (U.S.), Cisco (U.S.), YAZAKI Corporation (Japan), Panasonic Corporation (U.S.), AMETEK .Inc. (U.S.), Hubbell (U.S.), Foxconn Electronics Inc. (China)
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Market Opportunities
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Market Definition
Interconnect is defined as a connection or cable which can connect two or more devices and create a connection link between two devices either electrically or mechanically. Interconnects are passive electrical components or parts that contains two terminals in their magnetic flux that hold energy. A passive component is a unit without any running energy, with the exception of the available alternating current (AC) circuit with which it is attached. A chassis, inductor, resistor, transformer, or condenser would be a typical passive component.
Global Interconnects and Passive Components Market Dynamics
Drivers
- Advancements in the Technology
The demand for improved interconnectors and passive components is driven by the continual evolution of technology, particularly in electronics and telecommunications. These components must keep up with the rising complexity and miniaturisation of electronics gadgets, which necessities the ongoing use of novel technologies.
- Growing in Demand for Electronics
The primary driver is the expansion of electric devices across numerous industries, including consumer electronics, automotive, healthcare and industrial sectors. Interconnectors and passive components are essential to the operation of these devices, driving market expansion.
Opportunity
- Increasing Adoption of Renewable Energy Resources
This potential stems from the growing use of renewable energy sources, such as solar and wind power, to address environmental concerns and reduce reliance on fossil fuels. Interconnectors and passive components are crucial in connecting renewable energy systems to the electrical grid. They facilitate the effective transfer of renewable energy to the grid, ensuring a stable and consistent energy supply.
Restraints/ Challenges
- Supply Chain Disruption
The market is strongly reliant on global supply networks for raw materials and components. Disreuption such as trade disputes, natural disasters or the covid 19 pandemic can cause production delays and cost increases. These interruptions can have a domino effect on the sector, influencing product availability and pricing.
- Growing Environmental Awareness and Concerns
Manufactures are under pressure to make their components more ecologically friendly as environmental awareness and legislation gain popularity. This includes decreasing the environmental impact of production methods, materials and disposal. It also necessitates adherence to a variety of environmental norms and laws.
This global interconnects and passive components market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2023, AMETEK, Inc. acquired United Electronic Industries (UEI) for the aerospace, defense, energy, and semiconductor industries.UEI specialized in the design and manufacture of high-performance test, measurement, simulation, and control solutions that enable clients to construct smart, dependable, adaptable, and durable systems. The company's solutions are utilized in a number of mission-critical applications, including aviation simulation and training, machine health and usage monitoring, and automated testing. Their unique solution complement and data collecting ability aided in expanding their footprint in attractive industry sectors and applications
- In September 2022, Panasonic launched the new CF1 series board to FPC Automative Connectors. The new CF1 series has a 125 degree Celsius heat resistance and necessary vibration characteristics for the suitable for the automotive and transportation market. Panasonic’s CF1 series preserve contact reliability using a double sided clip contact structure.
Global Interconnects and Passive Components Market Scope
The global interconnects and passive components market is segmented on the basis of solution, services, verticals. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Residential DRMS
- Commercial DRMS
- Industrial DRMS
Services
- System Integration and Consulting Services
- Support and Maintenance
- Curtailment Services
- Managed Services
Verticals
- Office and Commercial Buildings
- Energy and Power
- Manufacturing
- Municipal
- University
- School
- Hospital Systems
Global Interconnects and Passive Components Market Region Analysis/Insights
The global interconnects and passive components market is analyzed and market size insights and trends are provided solution, services, verticals as referenced above.
The regions covered in the global interconnects and passive components market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global interconnects and passive components market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
North America dominates and is expected to witness a high growth in the global interconnects and passive components market over forecast period 2023-2030 due to rise in the government support for HCIT solutions, rise in the demand for miniaturized and high-performance electronic devices and rise in the advancements in industrial M2m communication technology in this region. Asia–Pacific is the expected to be the fastest growing region due to the strong economic growth which resulted in the increasing infrastructure development and the rise of business like telecommunications, automotive and consumer electronics.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Interconnects and Passive Components Market Share Analysis
The global interconnects and passive components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global interconnects and passive components market.
Some of the major players operating in the global interconnects and passive components market are:
- Koch Industries (U.S.)
- HIROSE ELECTRIC CO. (Japan)
- Delphi Technologies (U.K.)
- TT Electronics. (U.K.)
- Japan Aviation Electronics Industry (Japan)
- AVX Corporation (U.S.)
- Cisco (U.S.)
- YAZAKI Corporation (Japan)
- Panasonic Corporation (U.S.)
- AMETEK .Inc. (U.S.)
- Hubbell (U.S.)
- Foxconn Electronics Inc. (China)
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