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. Passive electronic components, unlike their active counterparts, do not depend upon a source of energy in order to perform their required function. Printed circuit boards (PCB) are referred to as interconnecting components, since they help connect various components into an integrated assembly, so as to control the target system. Systems have become increasingly complex and offer high functionality. Furthermore, with the adoption of consolidated modules such as system-on-a-chip and multichip, the need for effective electronic components is expected to increase.
Passive electronic components include capacitors, resistors, inductors, and transformers, while interconnecting components primarily encompass connectors and switches in addition to PCBs. Growing demand for consumer electronic such as portable music players, digital cameras and gaming consoles in addition to desktop PCs and laptops has been contributing to growth in the electronics industry. Enhancement and development in software is also giving rise to the need for compatible hardware. Electronic components are used in the automotive sector as well, which can be attributed to technological advancement and incorporation of communication, infotainment and navigation features such as global positioning systems (GPS). Medical electronics is also a fast growing end-use sector. Portable electronics have been witnessing high adoption across the globe, spurred by remote communication facilities. Since these products are also used in integrated circuits, demand is expected to remain strong over the forecast period.
As a result of growth in end-use industries in Asia Pacific, the market in this region is expected to remain the largest and fastest growing over the next few years. Transition towards communication standards such as 3G and 4G LTE is expected to be favorable for industry growth. Furthermore, growth in Internet bandwidth and burgeoning adoption of Internet services in India, China and other nations is expected to result in corresponding demand for electronic devices and components. Large number of market participants has resulted in intense competition globally. Key industry players include 3M Electronics, Actel Corporation, Agilent Technologies Inc., Altera Corporation, Fairchild Semiconductor, Intel Corporation, Kyocera Corporation, ST Microelectronics, and Xilinx, Inc. among others.
This report, by Grand View Research, takes a closer look at the passive and interconnecting electronic components industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key products including passive components and interconnecting components along with their sub-segments. It further estimates and forecasts the market on the basis of application into information technology, automotive, industrial, consumer, telecommunication and others. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which have been driving and inhibiting the global passive and interconnecting electronic components market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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