Passive components are electronic components that do not depend on an energy source to perform their operation. An interconnect joins electric conductors electrically and mechanically to other conductors or to the terminals of electrical devices. The passive components and interconnects are the primary building blocks of almost every electrical and electronics device. The growth of the interconnect and passive components market is attributed to the increasing demand for miniaturized and high-performance electronic devices, government support for healthcare IT solutions, and proliferation of automotive infotainment and consumer electronics. Moreover, the growth of the overall interconnect and passive components market is also supplemented by the continuous innovations and introduction of advanced and efficient technologies in the electronics industry.
The key players in the interconnect and passive components market are TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex Incorporated (U.S.), Hirose Electric Co., Ltd. (Japan) and Delphi Automotive LLP (U.K.).
TE Connectivity Ltd. is ranked first in interconnect and passive components market. This can be attributed to the company primarily focus on new acquisitions and product launches to maintain its market presence, globally. For instance, in April 2016, TE Connectivity Ltd. completed the acquisition of Creganna Medical Group to enhance their designing and manufacturing capacity of access devices serving medical applications. Moreover, the company’s focus on developing harsh environment applications, investment in research and development (R&D), and commitment to deliver the best customer experience creates significant opportunities for the company to grow in this market. The company is well established across the globe and has a strong management team and skilled employees.
Amphenol Corporation was ranked second in interconnect and passive components market. To maintain a leading position in the market, the company focuses on launching new products in its major business segments such as automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile devices, and mobile network. For instance, in May 2016, Amphenol Industrial Group launched board level connectors for the max M112 product line segment. The company also carries continuous product upgrades. For instance, in August 2016, Amphenol Product Development Group upgraded its ATHD connector series, which is ideal for rugged operations.
Interconnects and Passive Components Market by Passive Components (Resistor, Capacitor, Inductor, Transformer, and Diode), Interconnect Type (PCB, Connector, Switch, Relay, Adapter, Terminal, Splice, and Socket), Application, and Region - Global Forecast to 2022
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