Global Through-Hole Passive Components Market Insights Forecasts to 2032

• The Global Through-Hole Passive Components Market was valued at USD 36.14 Billion in 2022.
• The Market is growing at a CAGR of 6.3% from 2022 to 2032
• The Worldwide Through-Hole Passive Components Market is expected to reach USD 66.58 Billion by 2032
• Asia-Pacific is expected To Grow the fastest during the forecast period

The Global Through-Hole Passive Components Market is expected to reach USD 66.58 Billion by 2032, at a CAGR of 6.3% during the forecast period 2022 to 2032.

Market Overview

Through-hole passive components are electronic components that are used in circuit boards to regulate the flow of electricity. These components are designed to fit into holes that are drilled through the circuit board, with leads that extend out on the opposite side. They include resistors, capacitors, and inductors. Through-hole components are preferred in certain applications where a stronger mechanical bond is required between the component and the circuit board. They are also easier to work with during assembly and repair compared to surface-mount components. However, through-hole components are larger and take up more space on the circuit board.

Report Coverage

This research report categorizes the market for through-hole passive components market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the through-hole passive components market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the through-hole passive components market.

Driving Factors

The drivers of the through-hole passive components market include the increasing demand for electronic devices, the growing need for efficient and reliable components in industrial applications, and the rise of automotive and aerospace industries. The through-hole technology is preferred in certain applications due to its durability and ease of assembly, contributing to the continued demand for through-hole passive components. Additionally, the demand for through-hole components in military and defense applications has also contributed to market growth. However, the market faces challenges such as the shift towards surface-mount technology and the availability of counterfeit components. Despite these challenges, the through-hole passive components market is expected to grow due to the ongoing demand for reliable and durable electronic components.

Restraining Factors

The through-hole passive components market faces several restraints, including the shift towards surface-mount technology, which offers smaller and lighter components. This shift has resulted in a decline in the demand for through-hole components. Additionally, the availability of counterfeit components has also impacted market growth, as it leads to reduced trust in the quality and reliability of through-hole components. The market also faces challenges related to cost and space constraints, as through-hole components are larger and take up more space on circuit boards compared to surface-mount components. These factors are expected to limit the growth of the through-hole passive components market in the coming years.

Market Segmentation

• In 2022, the capacitor segment held around 45.2% market share

On the basis of component, the global through-hole passive components market is segmented into resistors, capacitors, inductors, diodes, transducers, sensors, and others. The capacitor segment is dominating with the largest market share in 2022, due to their widespread use in electronic devices and various industrial applications. Capacitors are used for energy storage, filtering, and smoothing, making them an essential component in electronics. They are also preferred in high-power and high-frequency applications, where their through-hole design provides better heat dissipation and reliability. Additionally, the demand for capacitors in automotive and aerospace industries has contributed to their market dominance. The growing demand for energy-efficient devices and the development of smart grids and renewable energy systems are expected to drive the growth of the capacitor segment in the coming years.

• In 2022, the axial lead segment dominated the market with more than 73.5% market share

Based on leads model, the global through-hole passive components market is segmented into axial leads and radial leads. Out of this, the axial lead is dominating the market with the largest market share in 2022, due to its widespread use in electronic devices and various industrial applications. Axial lead components have leads that extend out from the opposite ends of the component, making them easy to mount and solder onto circuit boards. Additionally, they offer higher mechanical stability and better electrical performance compared to radial lead components. The demand for axial lead components in the automotive, medical, and industrial sectors has contributed to their market dominance. However, the radial lead segment is expected to witness growth due to its compact design and ease of use in certain applications.

Regional Segment Analysis of the Through-Hole Passive Components Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific dominated the market with more than 47.6% revenue share in 2022.

Based on region, Asia-Pacific dominated the through-hole passive components market due to the presence of leading electronic manufacturers and increasing adoption of automation in industries such as manufacturing, automotive, and healthcare. The growing demand for smartphones, tablets, and other consumer electronics is also driving market growth in the region. Additionally, the development of smart cities and the increasing adoption of renewable energy systems in countries such as China and India are expected to create opportunities for through-hole passive component manufacturers in the region.

Recent Developments

• In July 2020, Seiko Epson Corporation recently introduced TG2016SKA and TG2016SLA TCXO types of crystal oscillators, which are compliant with AEC-Q100 standards and are suitable for automotive-grade applications. These temperature-compensated crystal oscillators are among the company's latest offerings in the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global through-hole passive components market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• Murata Manufacturing Co., Ltd.
• Vishay Intertechnology, Inc.
• Panasonic Corporation
• TDK Corporation
• AVX Corporation
• KEMET Corporation
• Rubycon Corporation
• Nichicon Corporation
• Yageo Corporation
• Walsin Technology Corporation
• Taiyo Yuden Co., Ltd.
• Samsung Electro-Mechanics
• EPCOS AG
• Nippon Chemi-Con Corporation
• Cornell Dubilier Electronics, Inc.
• Bourns, Inc.
• TT Electronics PLC.

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global through-hole passive components market based on the below-mentioned segments:

Through-Hole Passive Components Market, By Component

• Resistors
• Capacitors
• Inductors
• Diodes
• Transducers
• Sensors
• Others

Through-Hole Passive Components Market, By Leads Model

• Axial Leads
• Radial Leads

Through-Hole Passive Components Market, By Application

• Consumer Electronics
• IT & Telecommunication
• Automotive
• Industrial
• Aerospace & Defense
• Healthcare
• Others

Through-Hole Passive Components Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa