Europe Through Hole Passive Components Market Size & Outlook
The through hole passive components market in Europe is expected to reach a projected revenue of US$ 11,759.4 million by 2030. A compound annual growth rate of 8% is expected of Europe through hole passive components market from 2024 to 2030.
In terms of revenue, Europe region accounted for 18.3% 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 proliferation of connected technologies and the growing demand for IoT-based consumer electronics are driving the growth of the Europe through-hole passive components market. The rapid adoption of innovative solutions based on the latest technologies, such as 5G , IoT, and robotics, and the growing defense exports bode well for the growing demand for through-hole passive components across Europe.
For instance, Dassault, a defense equipment manufacturer based in France, sold 3 6 fighter aircraft worth USD 8.8 billion to India. Europe has been witnessing a gradual increase in the sales of electric vehicles in line with the European Union's pledge to ban conventional automobiles by 2035.
Several factories are being constructed to cater to the growing demand for electric vehicles, which is expected to drive the demand for through-hole passive components in the region. For instance, electric car manufacturer Tesla is setting u p a Giga factory in Germany on the outskirts of Berlin.
Europe 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 42.64% in 2023.
Horizon Databook has segmented the Europe 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 proliferation of connected technologies and the growing demand for IoT-based consumer electronics are driving the growth of the Europe through-hole passive components market. The rapid adoption of innovative solutions based on the latest technologies, such as 5G , IoT, and robotics, and the growing defense exports bode well for the growing demand for through-hole passive components across Europe.
For instance, Dassault, a defense equipment manufacturer based in France, sold 3 6 fighter aircraft worth USD 8.8 billion to India. Europe has been witnessing a gradual increase in the sales of electric vehicles in line with the European Union's pledge to ban conventional automobiles by 2035.
Several factories are being constructed to cater to the growing demand for electric vehicles, which is expected to drive the demand for through-hole passive components in the region. For instance, electric car manufacturer Tesla is setting u p a Giga factory in Germany on the outskirts of Berlin.
Europe Through Hole Passive Components Market Component Outlook (Revenue, USD Million , 2017-2030)
Resistors
Capacitors
Inductors
Diodes
Transducers
Sensors
Others
Europe Through Hole Passive Components Market Lead Model Outlook (Revenue, USD Million , 2017-2030)
Axial Lead
Radial Lead
Europe 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 Europe Through Hole Passive Components Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Through Hole Passive Components Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Europe Through Hole Passive Components Market, 2017-2030 (US$M)