Passive Electronic Components Market 2022-27: Industry Size, Share, Trends, Growth and Forecast
According to the latest report by IMARC Group, titled “ Passive Electronic Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the global passive electronic components market size . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global passive electronic components market reached a value of US$ 34.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 46.87 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. What is passive electronic components? Passive electronic components are electrical parts that do not generate power and are not capable of power gain. They include resistors, coils, inductors, transformers and capacitors. These components are produced using aluminum electrolytic, plastic films, pape...