A recent market study found that the passive and interconnecting electronic component industry should see global growth from sales in 2019 of $171 billion to $257 billion by 2025. The Global Passive and Interconnecting Electronic Components Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 is a detailed report that covers “the market by its major segments involving types, applications, and the major geographic regions. It analyzes development trends, competitive landscape analysis, and key regions development status” the research company who did the study (Grand View Research) noted.

Using information from the major global players in the space covering Aerospace and Defense, Medical Electronics, Information Technology, Automotive, and Industrial usage, the report examined key parameters that are driving the global market and controlling its expansion.

Companies interviewed included ABB, American Electronic Components, ST Microelectronics, AVX Corporation, Eaton Corp., Fujitsu Component, API Technologies, Hamlin, Datronix Holding Ltd., 3M Electronics.

Passive and interconnecting electronic components covered include resistors, capacitors, magnetic devices, memristor, and networks. The report analyzed growth factors analysis on regional and country level segments, developing trends by segments, sub-segments, and geographic markets. It evaluated recent product launches, risks, combination, challenges, and barriers.

It also incorporates the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19. Though other reports have noted the industry is starting to rebound, this forward looking research has accounted for its impact.