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The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Passive Electronic Components Market. 

It was estimated prior to this unanticipated outbreak Passive Electronic Components Market will reach CAGR of 4.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.