The Europe Passive And Interconnecting Electronic Components Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
The industrial sector is quickly changing due to the adoption of internet of things (IoT) devices. By providing simplicity of operation and reducing total system downtime, industrial IoT devices assist manufacturing facilities in increasing overall productivity and operational efficiency. Furthermore, as the fourth industrial revolution (Industrial 4.0) progresses, some manufacturing facilities are installing a variety of connected gadgets to streamline operational operations via remote monitoring. As a result, during the next seven years, the widespread implementation of IoT devices across numerous industrial applications such as process automation and motion control is expected to boost the market for passive and interconnected electronic components.
Microelectronic semiconductor chips are connected to printed circuit boards (PCBs) or larger-scale devices through IC connection. An electronic interconnect device connects two conductors, allowing current or light waves to pass from one to the other. An integrated circuit (IC) on a silicon or metal die is housed in an electronic packaging that is made of plastic, ceramic, or metal. On the other hand, The energy of the signal associated with passive components cannot be amplified or energized; it can only be attenuated.
In 2020, 92 percent of adults in the United Kingdom were new internet users, up from 91 percent in 2019. In the UK, almost all adults aged 16 to 44 were recent internet users (99 percent), compared to only 54 percent of adults aged 75 and over. While internet use among persons aged 16 to 44 years has remained relatively stable in recent years, the proportion of those aged 75 and over who are recent internet users has more than doubled since 2013, rising from 29% in 2013 to 54% in 2020. In 2020, 6.3 percent of adults in the United Kingdom had never accessed the internet, compared to 7.5 percent in 2019. In 2020, nearly 11 million disabled adults (81 percent of disabled adults) were recent internet users, up from slightly over 10 million (78 percent of disabled adults) in 2019.
In 2020, London remained the UK region with the most recent internet use (95%) while Northern Ireland remained the lowest (88%). In Europe, public awareness of smart grid technologies has grown, owing in part to the European Union's ratification of the Third European Energy Liberalization Package. The agreement's major goal is to have "intelligent metering systems" installed in 80 percent of homes by 2020.
The Germany market dominated the Europe Passive And Interconnecting Electronic Components Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,497.7 million by 2028. The UK market is poised to grow at a CAGR of 4% during (2022 - 2028). Additionally, The France market would display a CAGR of 5.6% during (2022 - 2028).
Based on Type, the market is segmented into Interconnecting, and Passive. Based on Interconnecting Type, the market is segmented into Connectors/Sockets, PCB, Switches, Relays, and Others. Based on Passive Type, the market is segmented into Capacitors, Resistors & Inductors, Transformers and Diode. Based on Application, the market is segmented into Consumer Electronics, Aerospace & Defense, IT & Telecom, Automotive, Industrial, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Passive And Interconnecting Electronic Components Market will Hit $248.5 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Samsung Electro-Mechanics Co., Ltd. (Samsung Group), Fujitsu Limited, Vishay Intertechnology, Inc., Panasonic Corporation, Rohm Semiconductors Co., Ltd., TDK Corporation, Murata Manufacturing Co., Ltd., Yageo Corporation, and Koch Industries, Inc. (Molex LLC).
By Type
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 