DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6nxb78/global_passive) has announced the addition of the "Global Passive Component Market 2014-2018" report to their offering.
The analysts forecast the Global Passive Component market will grow at a CAGR of 3.5% to 2018
A passive component is a module that does not require any source of energy to perform its function in any given application. Capacitors, inductors, and resistors are the main types of passive component. They are used to control the intensity of the current or voltage in a circuit. Passive components are used in industry to improve the energy efficiency, life, and performance of devices such as lighting . They are also used in medical equipment to improve precision and reliability. Pas sive components are commonly used in converters, SMPS, computing servers, LED lightening, and industrial automation.
Miniaturization of electronic devices is one major trend witnessed in the market. Consumers worldwide are looking for electronic devices that are compact, fast, and reliable.
According to the report, technological advancements in the electronics markets and increased demand from the Healthcare industry are major factors responsible for the growth of the market. There has been increased demand for lightweight and compact electronic devices with enhanced features.
Further, the report states that stiff competition among vendors is a major challenge faced by the market. There are many local and regional passive component suppliers that are offering products at relatively lower rates than the big players which reduce the profit margins.
The Global Passive Component market can be divided into three main segments:
- Kyocera Corp.
- Murata Manufacturing Co. Ltd.
- Samsung Electro-Mechanics Co. Ltd.
- Taiyo Yuden Co. Ltd.
- TDK Corp.
Other Prominent Vendors
- FENGHUA (H.K.) Electronics Ltd.
- KEMET Corp.
- KOA Corp.
- Lelon Electronics Corp.
- Nichicon Corp.
- Nippon Chemi-Con Corp.
- Panasonic Corp.
- Rubycon Corp.
- Vishay Intertechnology Inc.
- Yageo Corp.
For more information visit http://www.researchandmarkets.com/research/6nxb78/global_passive