Through-Hole Passive Components Market

Market Overview: 

The global through-hole passive components market size reached US$ 38.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 63.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032. The increasing installation of HVAC systems, rising demand for efficient devices for supplying and transmitting electricity, and the growing sales of hybrid and electric vehicles are some of the major factors propelling the market.

Through-hole passive components are electronic components, such as resistors, capacitors, and inductors, designed to be mounted on a circuit board using holes drilled into the board. They have long leads or pins that pass through the holes and are soldered on the other side of the board. They offer better mechanical stability and heat dissipation, which makes them suitable for applications that require higher power or ruggedness. They are generally available in various shapes and sizes to accommodate different electrical and mechanical requirements.

The increasing installation of heating, ventilation, and air conditioning (HVAC) systems in residential, commercial, and industrial spaces is catalyzing the demand for through-hole passive components around the world. Moreover, the rising use of efficient devices for supplying and transmitting electricity across numerous industries is propelling the growth of the market. In addition, through-hole passive components are employed in the automotive industry for effective charging systems. This, coupled with the growing demand for hybrid and electric vehicles (H/EVs) on account of the increasing concerns about carbon emissions, is influencing the market positively. Apart from this, rising sales of consumer electronic products like smartphones, laptops, and smart wearables, due to rapid urbanization, inflating income levels, and the growing global population, is creating a positive outlook for the market.

Through-Hole Passive Components Market Trends/Drivers:

Ease of manual assembly and repair

During the prototyping and small-scale production stages, many electronics manufacturers prefer through-hole technology over surface-mount technology (SMT) because through-hole components can be soldered by hand with basic tools, reducing the need for expensive automated equipment. This flexibility is particularly valuable for small businesses, hobbyists, and educational purposes. Additionally, through-hole components are more accessible for repair and rework since they can be desoldered and replaced with relative ease. This is particularly advantageous for legacy systems, wherein sourcing surface-mount equivalents might be challenging. Repair technicians and hobbyists often find through-hole components more manageable to work with, driving the demand for these components despite advancements in SMT technology.

Rise in mechanical stability for harsh environments

In rugged environments wherein electronic systems are exposed to extreme temperatures, humidity, and mechanical stress, through-hole passive components offer enhanced mechanical stability compared to surface-mount components. Industries, such as oil and gas, aerospace, and industrial automation frequently encounter harsh conditions, and through-hole components' robust mechanical connections help ensure the reliability of circuits under these challenging circumstances. Surface-mount components might be more susceptible to detachment or damage in such environments, making through-hole components the preferred choice. Moreover, certain applications, like heavy machinery and transportation, experience frequent vibrations and shocks, where through-hole components excel due to their secure mounting. The ability to withstand these harsh conditions and maintain performance over time is driving the demand for through-hole passive components in industries that prioritize ruggedness and longevity.

Growing awareness about the associated benefits

There is an increase in the demand for through-hole passive components worldwide on account of their proven reliability and durability. These components are physically mounted on PCBs by passing their leads through drilled holes and soldered on the opposite side. This robust mechanical connection ensures better resistance to mechanical stress, temperature variations, and vibration, making them ideal for applications in harsh environments or critical systems. Industries like aerospace, automotive, and military heavily rely on through-hole components for their high-quality performance and long-term stability. In safety-critical applications, wherein failure is not an option, through-hole components are preferred due to their lower risk of becoming dislodged or damaged during operation. Their ability to withstand thermal and mechanical stress is also contributing to their continued demand in challenging operating conditions.

Through-Hole Passive Components Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global through-hole passive components market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, leads model, and application.

Breakup by Component:

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

Capacitors dominate the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes resistors, capacitors, inductors, diodes, transducers, sensors, and others. According to the report, capacitors represented the largest segment. Capacitors are passive components that can store and release electrical charge. They consist of two conductive plates separated by an insulating material called the dielectric. They are used for smoothing out voltage fluctuations, filtering signals, coupling different parts of a circuit, and storing energy in electronic systems. They are available in different types, including ceramic, electrolytic, tantalum, and polyester capacitors, each with specific properties suited for various applications.

Resistors are passive components used to limit the flow of electric current in a circuit. They have a specific resistance value, measured in ohms (Ω), which determines how much the current is reduced. They are important for setting the right current levels, voltage dividers, and protecting components from excessive current. They are offered in various types, including carbon film, metal film, and wire-wound resistors, each suitable for different applications based on their power rating and tolerance.

Breakup by Leads Model:

• Axial Leads
• Radial Leads
   

Axial leads hold the largest share in the market

A detailed breakup and analysis of the market based on the leads model has also been provided in the report. This includes axial leads and radial leads. According to the report, axial leads accounted for the largest market share. Axial leads are a type of lead model wherein the wire of the components leads are positioned at opposite ends of the component body, along its axis and are aligned in a straight line. When axial leads are mounted on a PCB, their leads pass through holes on the board and protrude out from the top and bottom sides. This makes axial lead components resemble traditional through-hole components. Axial lead resistors and diodes are some examples of components that follow this lead model.

On the other hand, radial leads are a type of lead model wherein the wire of component leads are positioned around the circumference of the component body. When radial leads are mounted on the PCB, their leads are bent outward in a radial pattern, which forms a circle around the body of the component. Radial lead capacitors and inductors are common examples of components that follow this lead model.

Breakup by Application:

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

Consumer electronics hold the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes consumer electronics, IT and telecommunication, automotive, industrial, aerospace and defense, healthcare, and others. According to the report, consumer electronics accounted for the largest market share. Through-hole passive components are commonly used in consumer electronics products, such as televisions, audio systems, DVD players, gaming consoles, and home appliances. They play essential roles in voltage regulation, signal filtering, and energy storage, ensuring the proper functioning of electronic devices.

These components are also used in the IT and telecommunications equipment, such as routers, switches, modems, and other networking devices. They are crucial for signal conditioning, impedance matching, and noise filtering in communication systems.

The aerospace and defense sectors require high-reliability components, which makes through-hole passive components valuable in critical systems, avionics, and defense electronics. Their mechanical stability and ability to withstand harsh environmental conditions make them suitable for aerospace applications.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others 
• Middle East and Africa
   

Asia Pacific exhibits a clear dominance, accounting for the largest through-hole passive components market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

A substantial number of legacy systems and infrastructure that were designed with through-hole passive components to maintain backward compatibility and reduce redesign costs, represents one of the primary factors impelling the market growth in the Asia Pacific region. Moreover, the rising usage of through-hole passive components in medical devices to offer robust connections and durability is favoring the market growth in the region. Besides this, the growing adoption of through-hole passive components in military industry due to their ruggedness, reliability, and ability to withstand extreme conditions is influencing the market positively in the region.

Competitive Landscape:

The leading companies are extensively investing in research and development (R&D) activities to develop through-hole passive components that are capable of handling higher power levels due to advancements in materials and designs. They are also launching smart passive components that can actively monitor their operating conditions or provide built-in diagnostics. These components can enhance system reliability and facilitate predictive maintenance in various applications. Moreover, the development of new materials to improve reliability, thermal performance, and reduced parasitic effects and offer better performance and durability, which ensure longer lifespans for components is bolstering the market growth. Besides this, key players are developing through-hole passive components that can withstand a wider range of temperatures and environmental conditions to make them suitable for use in extreme environments, such as aerospace, and automotive.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Bourns Inc
• Cornell Dubilier
• KYOCERA AVX Components Corporation. (KYOCERA Corporation)
• Murata Manufacturing Co Ltd
• Nippon Chemi-Con Corporation
• Samsung Electro-Mechanics (Samsung Group)
• TDK Corporation.
• TE Connectivity
• TT Electronics Plc
• YAGEO Group

Through-Hole Passive Components Market Report Scope:

Key Questions Answered in This Report:

• How has the global through-hole passive components market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global through-hole passive components market?
• What is the impact of each driver, restraint, and opportunity on the global through-hole passive components market?
• What are the key regional markets?
• Which countries represent the most attractive through-hole passive components market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the through-hole passive components market?
• What is the breakup of the market based on the leads model?
• Which is the most attractive leads model in the through-hole passive components market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the through-hole passive components market?
• What is the competitive structure of the global through-hole passive components market?
• Who are the key players/companies in the global through-hole passive components market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the through-hole passive components market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global through-hole passive components market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the through-hole passive components industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.