Asia Pacific Through Hole Passive Components Market Size & Outlook
The through hole passive components market in Asia Pacific is expected to reach a projected revenue of US$ 32,601.3 million by 2030. A compound annual growth rate of 8.3% is expected of Asia Pacific through hole passive components market from 2024 to 2030.
In terms of revenue, Asia Pacific region accounted for 49.6% of the global through hole passive components market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 32,601.3 million by 2030.
The growth of the regional market can be attributed to the lucrative opportunities it offers for supplying through-hole passive components for automotive, consumer electronics, and industrial applications.
Rapid implementation of robotic processes in Japan, South Korea, India, and China across various industries and industry verticals, especially in automotive and consumer electronics industries, is driving the demand for through-hole passive components across the region.
The gradual emergence of India and Vietnam after China as global manufacturing hubs bodes well for the growth of the regional market. For instance, the India Brand Equity Foundation (IBEF) informed that India attracted a foreign direct investment (FDI) of USD 104.18 billion between April 2000 and December 2021.
Asia Pacific Through Hole Passive Components Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Through Hole Passive Components Market Outlook will help companies and investors design strategic landscapes.
Capacitors was the largest segment with a revenue share of 42.46% in 2023.
Horizon Databook has segmented the Asia Pacific through hole passive components market based on resistors, capacitors, inductors, diodes, transducers, sensors covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the regional market can be attributed to the lucrative opportunities it offers for supplying through-hole passive components for automotive, consumer electronics, and industrial applications.
Rapid implementation of robotic processes in Japan, South Korea, India, and China across various industries and industry verticals, especially in automotive and consumer electronics industries, is driving the demand for through-hole passive components across the region.
The gradual emergence of India and Vietnam after China as global manufacturing hubs bodes well for the growth of the regional market. For instance, the India Brand Equity Foundation (IBEF) informed that India attracted a foreign direct investment (FDI) of USD 104.18 billion between April 2000 and December 2021.
Asia Pacific Through Hole Passive Components Market Component Outlook (Revenue, USD Million , 2017-2030)
Resistors
Capacitors
Inductors
Diodes
Transducers
Sensors
Others
Asia Pacific Through Hole Passive Components Market Lead Model Outlook (Revenue, USD Million , 2017-2030)
Axial Lead
Radial Lead
Asia Pacific Through Hole Passive Components Market Applications Outlook (Revenue, USD Million , 2017-2030)
Consumer Electronics
IT & Telecommunication
Automotive
Industrial
Aerospace & Defense
Healthcare
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Through Hole Passive Components Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Through Hole Passive Components Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Through Hole Passive Components Market, 2017-2030 (US$M)