Hexa Research releases and eye opening report. We take notice of the predictors and get ready to support your needs to keep your automation flawless. At SPB Global we are working to support our customer base through obsolescence , long lead times and line down situations.
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. 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 active components comprises of transistors, integrated circuits or IC and logic gates, and 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. Industrial robotics and plant automation tends to spur the Electronic Components Market growth over the forecast period. 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 Electronic Components 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. Increasing penetration of electronics in healthcare sector provides for opportunities in this market.
SPB Global Media Team