Global through-hole passive components market is growing at a CAGR of 7.02%, reaching USD 69.76 Billion by 2032.

From GlobeNewswire: 2025-02-25 09:15:00

The global through-hole passive components market was valued at USD 38 Billion in 2023 and is projected to reach USD 69.76 Billion by 2032, growing at a CAGR of 7.02%. Various factors like industrial automation, demand for high-reliability electronic components, and growth in automotive and aerospace applications are driving market growth. Asia-Pacific leads in production and exports, while North America and Europe are major consumers.

The capacitor segment dominated the market in 2023, accounting for over 44% of total revenue. Growing demand in sectors like medical, industrial, telecommunication, and automotive is contributing to capacitor adoption. The sensors segment is expected to witness the highest growth, with a projected CAGR of 7.61%, driven by automation, control, and industrial applications.

In 2023, the axial lead segment led the market, accounting for over 76% of total revenue. These components provide secure anchorage, mechanical stress resistance, and superior heat dissipation, making them ideal for harsh environments. With increasing demand for durable electronic components, the axial lead segment is expected to grow at a CAGR of 7.5%.

Asia Pacific dominated the market in 2023, capturing 50% of total revenue, driven by high demand from automotive, consumer electronics, and industrial sectors. The region is also the fastest-growing, with a projected CAGR of 7.49%, fueled by the rise of electric vehicles, smart city development, and government initiatives. Asia Pacific is set to be a key player in the future of the electronic goods market.



Read more at GlobeNewswire: Through-hole Passive Components Market to Hit USD 69.76