PUNE, India, March 28, 2017 /PRNewswire/ --
According to the new market research report, "Interconnects and passive components Market by Passive Components (Resistor, Capacitor, Inductor, Transformer, and Diode), Interconnect Type (PCB, Connector, Switch, Relay, Adapter, Terminal, Splice, and Socket), Application, and Region - Global Forecast to 2022", published by MarketsandMarkets, is estimated to be valued at USD 187.55 Billion by 2022, growing at a CAGR of 4.41% between 2017 and 2022.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 74 market data Tables and 73 Figures spread through 161 Pages and in-depth TOC on "Interconnects and Passive Components Market"
http://www.marketsandmarkets.com/Market-Reports/interconnect-passive-component-market-193568021.html
Early buyers will receive 10% customization on this report.
This is primarily due to the need for these electronic components in the manufacturing of machines and devices used for data processing, telecommunication, consumer electronics, automobiles, military and defense, and healthcare applications. Moreover, the growth of the overall interconnects and passive components market is supplemented by continuous innovations and introduction of advanced and efficient technologies in the consumer electronics industry.
"Interconnects are expected to lead the interconnects and passive components market during the forecast period"
The interconnects segment is expected to grow at the highest rate between 2016 and 2022. This is primarily due to the different technological advancements across different industries. For instance, introduction of automation and robotics in the industrial sector, infotainment in the automobile sector, high speed bandwidth utilization in the data processing sector and compact electronic devices and consumer electronics sector is driving the demand of these interconnects, globally.
"Connectors are expected to grow at the highest rate in the interconnects and passive components market between 2017 and 2022"
Interconnects and passive components market for the connectors segment is expected to grow at the highest CAGR between 2017 and 2022. This is primarily due to a wide use of connectors across different applications such as automation, robotics, data transfer, and infotainment. Moreover, the demand for optical interconnects and fiber optic connectors in telecommunication and data processing applications boost the demand for the connector segment.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=193568021
"Asia-Pacific is estimated to hold the largest share of the interconnects and passive components market by 2022"
Interconnects and passive components market in Asia-Pacific (APAC) is expected to have the largest share by 2022. This is due to the easy availability of raw material, cheap labor, and low production-cost in this region. Moreover, the high demand for consumer electronics products manufactured in the APAC region, especially China, helps in the consistent growth of interconnects and passive components market. With rising income and improved standard of living, the demand for computers; electronic appliances such as mobile phones, LCDs, and LED displays; and multifunctional chips have grown rapidly in the country. Furthermore, the inexpensive consumer electronic products manufactured in China have attracted increasing demand from abroad. The Government of China has been continuously encouraging cities to establish industrial parks for electronic component production and are providing aid to research and development (R&D) activities.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=193568021
The major players in the interconnects and passive components market are TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex Incorporated (U.S.), Hirose Electric Co., Ltd. (Japan), and Delphi Automotive LLP (U.K.).
Browse Related Reports
Optical Interconnect Market by Interconnect Level (Chip Level, Rack & Board to Board, Metro & Long haul), Fiber Mode (Single Mode, Multi-Mode), Product Category, Application, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/optical-interconnect-market-89222473.html
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com
Share this article