As the global economy recovers in 2021 and the supply of the industrial chain improves, the Passive Electronic Components market will undergo major changes. The Global Passive Electronic Components Market was valued at USD 38.76 billion in 2021. It is expected to reach a value of USD 54.67 billion by 2027, registering a CAGR of 5.29% over the forecast period, 2022-2027.
The global Passive Electronic Components industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Passive Electronic Components market during the next few years. The global Passive Electronic Components market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The Passive Electronic Components market can be split based on product types, major applications, and important regions as follows:
Vishay Intertechnology Inc.
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Aerospace and Defense