Market Share of Automotive Passive Electronic Components Industry
The automotive passive electronic components market is very competitive. The market is highly concentrated due to various small and large players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are Yageo Corporation, Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc., Taiyo Yuden Corporation, and many more. Companies are increasing their market share by forming multiple collaborations, partnerships, and acquisitions and investing in introducing new products to earn a competitive edge during the forecast period.
March 2024: JF Kilfoil Company expanded its representation of Knowles' products to include the Cornell Dubilier brand in the Midwest market. This partnership was established due to Knowles' acquisition of Cornell Dubilier, which allowed the company to offer a broader range of film, electrolytic, and specialty capacitors. The product range comprises single-layer capacitors, trimmers, aluminum electrolytic capacitors, aluminum polymer capacitors, film capacitors, mica capacitors, and supercapacitors. These items are known for their reliability, longevity, and excellent performance in challenging situations.
September 2023: Knowles Precision Devices acquired Cornell Dubilier for USD 263 million in cash. This acquisition will include film, electrolytic, and mica capacitor products and is anticipated to enhance non-GAAP EPS by 2024. Cornell Dubilier's diverse range of power film, electrolytic, and mica capacitors, combined with Knowles' Precision Devices segment, will offer a valuable proposition and expanded product portfolio to current and potential customers.
Automotive Passive Electronic Components Market Leaders
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Yageo Corporation
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Panasonic Corporation
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TDK Corporation
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Vishay Intertechnology Inc.
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Taiyo Yuden Corporation
*Disclaimer: Major Players sorted in no particular order
