How Has the Through-Hole Passive Components Market Size Evolved in Recent Years?
The through-hole passive components market has seen considerable growth due to a variety of factors.
• The market size of through-hole passive components has seen significant expansion in the past few years. The market, which was valued at $38.18 billion in 2024, is anticipated to increase to $40.58 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
This progression during the historical duration can be credited to the surge in electronics manufacturing, the emergence of industrial automation and control systems, the uptake of consumer electronics, the integration of automotive electronics, and the advancement of telecommunication infrastructure.
What Can Be Expected from the Through-Hole Passive Components Market in the Coming Years?
The through-hole passive components market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for robust expansion in the through-hole passive components market size in the coming years. The market is projected to surge to $53.16 billion in 2029, advancing at a compound annual growth rate (CAGR) of 7.0%.
This growth in the forecast period is linked to factors like the rise of renewable energy systems, advancements in smart grid technologies, the broadening scope of the Internet of Things (IoT), the expansion of the electric vehicles (EVs) market, and 5G network deployment. Foreseen trends within this period encompass the broadening of application fields in automotive electronics, the integration of through-hole components in IoT gadgets, a focus on high-temperature and harsh environment components, the launch of low-profile through-hole inductors, and heightened automation in the manufacturing of through-hole components.
What Are the Critical Driver Fuelling the Through-Hole Passive Components Market's Growth?
The upward trend in the demand for consumer electronics is anticipated to fuel the expansion of the through-hole passive component market. A consumer electronic device is any piece of equipment with a built-in electronic circuit board intended for everyday use. The consumption of smart home gadgets, wearables, and other connected apparatuses is on the rise, leading to increased demand for electrical components and thus, elevating the popularity of the through-hole passive components. In January 2023, the U.S Census Bureau, a U.S-based federal statistical organization, reported that the monthly electronics and appliance retail sales in the U.S reached $7.59 billion in May 2022, signifying an impressive $3.37 billion growth in the retail sales of electronics and appliances over a span of two years. Thus, the surging demand for consumer electronics is predicted to stimulate the through-hole passive component market.
How Is the Through-Hole Passive Components Market segmented?
The through-hole passive components market covered in this report is segmented –
1) By Component: Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors, Other Components
2) By Leads Model: Axial, Radial
3) By Application: Consumer Electronics, Automotive, Industrial, IT And Telecom, Aerospace And Defense, Healthcare And Life Sciences, Other Applications
Subsegments:
1) By Resistors: Fixed Resistors, Variable Resistors, Specialty Resistors
2) By Capacitors: Ceramic Capacitors, Electrolytic Capacitors, Film Capacitors, Tantalum Capacitors
3) By Inductors: Air Core Inductors, Iron Core Inductors, Ferrite Core Inductors, Power Inductors
4) By Diodes: Rectifier Diodes, Zener Diodes, Schottky Diodes, Signal Diodes
5) By Transducers: Pressure Transducers, Temperature Transducers, Force Transducers
6) By Sensors: Temperature Sensors, Proximity Sensors, Light Sensors, Humidity Sensors
7) By Other Components: Filters, Ferrite Beads, Resistor Networks
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What New Trends Are Influencing the Through-Hole Passive Components Market?
The evolution of product offerings is proving to be a pivotal trend in the expansion of the through-hole passive component market. Firms prominently engaged in this market are focusing on the creation of cutting-edge solutions to consolidate their market standing. For instance, Diodes Incorporated, a semiconductor production and distribution establishment based in the US, introduced its premier line of silicon carbide (SiC) Schottky barrier diodes (SBD) in January 2023. This series includes eight 1200V products in the DSCxx120 series and eleven 650V products in the DSCxxA065 range. These products stand out because of their extensive bandgap for SBD, which offers the advantage of significantly amplified efficiency and reliable performance at high temperatures. Additionally, they cater to market demands for lower operational costs and reduced upkeep.
Who Are the Key Players in the Through-Hole Passive Components Market?
Major companies operating in the through-hole passive components market include:
• Panasonic Holdings Corporation
• TE Connectivity Ltd.
• TDK Corporation
• Murata Manufacturing Co Ltd.
• Rohm Co Ltd.
• YAGEO Corp
• Vishay Intertechnology Inc.
• Bourns Inc.
• Taiyo Yuden Co Ltd.
• Würth Elektronik Group
• AVX Corporation
• Nichicon Corporation
• KEMET Corporation
• Nippon Chemi-Con Corporation
• KYOCERA AVX Components Corporation
• Rubycon Corporation
• Holy Stone Enterprise Co Ltd.
• Lelon Electronics Corp
• Elna Co Ltd.
• Sagami Elec Co Ltd.
• Cornell Dubilier Electronics Inc.
• KOA Speer Electronics Inc.
• NIC Components Corporation
• WIMA GmbH & Co KG
What Is The Most Dominant Region In The Through-Hole Passive Components Market?
Asia-Pacific was the largest region in the through-hole passive component market in 2024, is expected to be the fastest-growing region in the global through-hole passive component market report during the forecast period. The regions covered in the through-hole passive components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
