High and Medium Passive Components Market - Forecast(2021 - 2026)
The High and Medium Passive Components Market is estimated to surpass $28.63million by 2024, growing at an estimated rate of more than 5.7% during 2018 to 2024. The key driver which has propelled the market growth is the rising use of passive components in various applications like smart phones, laptops and so on. What are High & Medium Passive Components? A passive component is an electronic component which does not require an external source of energy to perform its function. The component itself is required to perform functions which are based on energy supply which is available within the system. The passive components are classified into high and medium passive components which depend on the temperature of the component and are used for managing or controlling the nature of power required by the passive component. For example, a capacitor does not require any external energy source to perform its function and will come into play to ensure that there is proper power distribut...