Electronic Components Market Analysis Size, Share, Growth, Industry Trends and Forecast to 2024 | Hexa Research
Electronic circuitry is formed of various electronic components; with growing automation, they have become essential for industries including consumer electronics, telecommunications, and computers among others. Electronic components consist of active, passive and interconnecting components. Active electronic components require source of energy to operate.
Electronic circuitry is formed of various electronic components; with growing automation, they have become essential for industries including consumer electronics, telecommunications, and computers among others. Electronic components consist of active, passive and interconnecting components. Active electronic components require source of energy to operate.
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<strong>Electronic</strong> <strong>Components</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Industry</strong><br />
<strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> Report up <strong>to</strong> <strong>2024</strong>: <strong>Hexa</strong> <strong>Research</strong><br />
<strong>Electronic</strong> circuitry is formed of various electronic components; with growing<br />
au<strong>to</strong>mation, they have become essential for industries including consumer electronics,<br />
telecommunications, <strong>and</strong> computers among others. <strong>Electronic</strong> components consist of<br />
active, passive <strong>and</strong> interconnecting components. Active electronic components require<br />
source of energy <strong>to</strong> operate. Passive electronic components, unlike their active<br />
counterparts, do not depend upon a source of energy in order <strong>to</strong> perform their required<br />
function. Printed circuit boards (PCB) are referred <strong>to</strong> as interconnecting components,<br />
since they help connect various components in<strong>to</strong> an integrated assembly, so as <strong>to</strong><br />
control the target system. Systems have become increasingly complex <strong>and</strong> offer high<br />
functionality. Furthermore, with the adoption of consolidated modules such as systemon-a-chip<br />
<strong>and</strong> multichip, the need for effective electronic components is expected <strong>to</strong><br />
increase.<br />
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Passive electronic components include capaci<strong>to</strong>rs, resis<strong>to</strong>rs, induc<strong>to</strong>rs, <strong>and</strong><br />
transformers, while active components comprises of transis<strong>to</strong>rs, integrated circuits or<br />
IC’s <strong>and</strong> logic gates, <strong>and</strong> interconnecting components primarily encompass connec<strong>to</strong>rs<br />
<strong>and</strong> switches in addition <strong>to</strong> PCBs. Growing dem<strong>and</strong> for consumer electronic such as<br />
portable music players, digital cameras <strong>and</strong> gaming consoles in addition <strong>to</strong> desk<strong>to</strong>p<br />
PCs <strong>and</strong> lap<strong>to</strong>ps has been contributing <strong>to</strong> growth in the electronics industry.<br />
Enhancement <strong>and</strong> development in software is also giving rise <strong>to</strong> the need for<br />
compatible hardware. <strong>Electronic</strong> components are used in the au<strong>to</strong>motive sec<strong>to</strong>r as well,<br />
which can be attributed <strong>to</strong> technological advancement <strong>and</strong> incorporation of<br />
communication, infotainment <strong>and</strong> navigation features such as global positioning<br />
systems (GPS). Medical electronics is also a fast growing end-use sec<strong>to</strong>r. Industrial<br />
robotics <strong>and</strong> plant au<strong>to</strong>mation tends <strong>to</strong> spur the <strong>Electronic</strong> <strong>Components</strong> <strong>Market</strong> growth<br />
over the forecast period. Portable electronics have been witnessing high adoption<br />
across the globe, spurred by remote communication facilities. Since these products are<br />
also used in integrated circuits, dem<strong>and</strong> is expected <strong>to</strong> remain strong over the forecast<br />
period.<br />
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As a result of growth in end-use industries in Asia Pacific, the <strong>Electronic</strong> <strong>Components</strong><br />
<strong>Market</strong> in this region is expected <strong>to</strong> remain the largest <strong>and</strong> fastest growing over the next<br />
few years. Transition <strong>to</strong>wards communication st<strong>and</strong>ards such as 3G <strong>and</strong> 4G LTE is<br />
expected <strong>to</strong> be favorable for industry growth. Increasing penetration of electronics in<br />
healthcare sec<strong>to</strong>r provides for opportunities in this market.<br />
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However, fluctuations in raw material prices <strong>and</strong> its availability pose a challenge <strong>to</strong> this<br />
market. Also, regula<strong>to</strong>ry issues <strong>and</strong> declining margins pose a threat <strong>to</strong> market growth.<br />
The <strong>Electronic</strong> <strong>Components</strong> market can be segmented on the basis of electronic<br />
components type <strong>and</strong> end-user applications of the industry. The electronic components<br />
consist of active, passive <strong>and</strong> interconnected components. With industrial expansion in<br />
emerging markets, these components are <strong>to</strong> witness significant growth over the<br />
forecast period. <strong>Electronic</strong> components are being used in au<strong>to</strong>mobile industry, marine<br />
industry, defense <strong>and</strong> aerospace, robotics <strong>and</strong> plant au<strong>to</strong>mation, healthcare sec<strong>to</strong>rs<br />
<strong>and</strong> gaming industry.<br />
Growing dem<strong>and</strong> for electronic devices in Asia-Pacific is t<strong>to</strong> spur the <strong>Electronic</strong><br />
<strong>Components</strong> <strong>Market</strong> growth over the forecast period. Furthermore, growth in Internet<br />
b<strong>and</strong>width <strong>and</strong> burgeoning adoption of Internet services in India, China <strong>and</strong> other<br />
nations is expected <strong>to</strong> result in corresponding dem<strong>and</strong> for electronic devices <strong>and</strong><br />
components.<br />
ey players in the <strong>Electronic</strong> <strong>Components</strong> <strong>Market</strong> are Actel Corporation, FCI <strong>Electronic</strong>s,<br />
Hitachi AIC Inc., Datronix Holdings Ltd., ST Microelectronics, Xilinx, Inc., Fairchild<br />
Semiconduc<strong>to</strong>r, Hammond Mfg. Co. Ltd., Agilent Technologies Inc., Token <strong>Electronic</strong>s<br />
<strong>Industry</strong> Co, Ltd., Ea<strong>to</strong>n Corp., Nippon Chemi-Con, Intel Corporation, Murata<br />
Manufacturing Company, Delta <strong>Electronic</strong>s Inc., JST Mfg. Co. Ltd., Molex, Gilard<br />
<strong>Electronic</strong>s Pvt. Ltd., Acme Electric, Kyocera Corporation, Omron Corporation, Nippon<br />
Mektron Ltd., Taiyo Yuden Co., Shenzhen Sunlord <strong>Electronic</strong>s Co. Ltd., Kyocera<br />
Corporation, 3M <strong>Electronic</strong>s <strong>and</strong> Panasonic Corporation.<br />
In June 2016, Omron <strong>Electronic</strong>s announced new D7S Vibration Sensor at Sensors<br />
Expo & Conference <strong>to</strong> exp<strong>and</strong> its traditional product oriented scope.<br />
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