The evolution of the electronic and computing industry has two aspects: size, weight, and computing power (speed/frequency). Seventy years ago, the first computer was built, occupying 1800 sq. ft. and weighing over 27 tons. Today, we carry around computers with much more computing power daily in the form of cellular devices. While the decrease in size is very apparent, the other concern is speed. The military, aerospace, and telecommunication industries have constantly been driving toward high frequency and high speed. The medical industry is also shifting toward miniaturization.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-electronic-components-market
Global Electronic Components Market is expected to reach USD 595,148.34 million by 2028 from USD 325,700.00 million in 2020, growing with the healthy CAGR of 8.5% in the forecast period of 2021 to 2028. Growing automation in the automotive sector has increased the demand for various electronic devices, such as DC to AC converters, driver assistance systems, telematics controllers and power integrated devices and global positioning systems (GPS), among others. These devices are widely used in autonomous vehicles and electric vehicles (EVs).
An increase in demand for smart electronic devices such as smartphones, smart wearables, and smart homes across the world will drive the market's growth rate
Smart home technology is also booming in the market, consisting of products from energy management systems, security and access control, entertainment control, HVAC control, cellular technology and communication technology, and services such as installation and customization. Smart wearable devices are becoming a necessity for a healthy lifestyle than a luxury. With an increasing inclination towards health and fitness, the market observes the demand for smartwatches or fit bands. As per the article by Tech Hindustan Times, the global smart wearables market has increased shipments, with total shipments reaching 125 million units even during the COVID-19 pandemic. Thus, the increase in demand for smart electronic devices is expected to drive the global electronic components market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2021 to 2028
|
|
Base Year
|
2020
|
|
Historic Years
|
2019 (Customizable to 2013 - 2018)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Component Type (Processors, Motors, Battery, Microcontroller, Integrated Circuits, Circuit Breakers, Transformer, Capacitors, Diodes, Resistors, Inductors, Relays, Switches, Fuse), Commodities Type (Brown Goods, White Goods, Small White Goods), Product Type (Active, Passive, Electromechanical Components), End Use Type (Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing, Aerospace & Defense, Healthcare)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Infineon Technologies AG (Germany), NXP Semiconductors NV (Netherlands), Texas Instruments Incorporated (U.S.), Toshiba Corporation (Japan), Intel Corporation (U.S.), Maxim Integrated (U.S.), Broadcom Inc. (U.S.), Qualcomm Inc. (U.S.), Analog Devices, Inc. (U.S.), Advanced Micro Devices (U.S.), Microchip Technology, Inc. (U.S.), Monolithic Power Systems, Inc. (U.S.), Samsung Semiconductor, Inc. (South Korea), SK Hynix Inc. (South Korea), Mediatek Inc. (Taiwan), Hitachi Ltd. (Japan), Schurter (S) Pte, Ltd. (Singapore), Rewell Industrial Co. Ltd. (Taiwan), Kyocera Electronics Devices (Japan), and Watts Electronics Pvt. Ltd. (India) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
Global electronic components market is segmented into four notable segments which are based on the components type, commodities type, product type and end use type.
- On the basis of components type, the global electronic components market is segmented into processors, motors, battery, microcontroller, integrated circuits, circuit breakers, transformer, capacitors, diodes, resistors, inductors, relays, switches, fuse and others. In 2021, the processors segment is expected to dominate the global electronic components market with 14.76% market share because of its increased usage in smart gadgets, automation, and new technologies. Most consumer electronics are implementing IoT, which requires processing of data. It has applications ranging from personal devices to commercial machines, which makes it more dominant components type in the market.
- On the basis of commodities type, the global electronic components market has been segmented into brown goods, white goods and small white goods. In 2021, brown goods segment is expected to dominate the global electronic components market with 34.75% market share as it includes devices such as TV, PC and mobile phones, which have higher demand in the market irrespective of regional conditions. The development in the PC and phone technologies such as display size, resolution processor power and performance upgrades every year which compels users to buy new devices keeps the demand high.
- On the basis of product type, the global electronic components market has been segmented into active, passive, electromechanical components and others. In 2021, active segment is expected to dominate the global electronic components market with 51.81% market share due to the increased use of active semiconductor components such as microprocessors, microcontrollers, ICs in most of the electronic devices. The technological development in processors and IC every year brings more applications such as smart gadgets, IoT and automation to commercial use, making it dominate among other product types.
The active segment will dominate the product type segment of the electronic components market
The active segment will emerge as the dominating segment under product type segment. This is because of the growing demand for active electronic components in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of end use type, the global electronic components market has been segmented into consumer electronics, networking & telecommunication, automotive, manufacturing, aerospace & defense, healthcare and others. In 2021, the consumer electronics segment is expected to dominate the global electronic components market with a 27.30% market share due to constant demand for personal commodities worldwide. The consumer electronics include basic electronics required in every household such as refrigerator, TV, air conditioner, washing machine and others. The development in these products every year leads to the constant demand.
The consumer electronics segment will dominate the end use type segment of the electronic components market
The consumer electronics segment will emerge as the dominating segment under end use type with approximately 27% market share. This is because of the growing number of infrastructural development activities in the market, especially in the developing economies. Further, growth and expansion of the chemicals and industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in power plant boiler market: Infineon Technologies AG (Germany), NXP Semiconductors NV (Netherlands), Texas Instruments Incorporated (U.S.), Toshiba Corporation (Japan), Intel Corporation (U.S.), Maxim Integrated (U.S.), Broadcom Inc. (U.S.), Qualcomm Inc. (U.S.), Analog Devices, Inc. (U.S.), Advanced Micro Devices (U.S.), Microchip Technology, Inc. (U.S.), Monolithic Power Systems, Inc. (U.S.), Samsung Semiconductor, Inc. (South Korea), SK Hynix Inc. (South Korea), Mediatek Inc. (Taiwan), Hitachi Ltd. (Japan), Schurter (S) Pte, Ltd. (Singapore), Rewell Industrial Co. Ltd. (Taiwan), Kyocera Electronics Devices (Japan), and Watts Electronics Pvt. Ltd. (India).
Market Development
- In November 2020, Infineon expanded its supply base for silicon carbide with GT Advanced Technologies. The contract has a preliminary term of five years. With this supply contract, the German semiconductor manufacturer adds an additional element to secure its growing base material demand in this area. Sic is the basis for power semiconductors that are predominantly efficient, robust and cost-effective at the system level. This expansion has led to meet the increasing demand of Sic-based switches.
- In October 2020, Volkswagen adopted NXP battery management solutions for its MEB electrical vehicle platform. The collaboration with Volkswagen centred on the electronics for electric vehicles (EVs). Volkswagen has adopted NXP's battery management system (BMS) into its innovative MEB platform to help increase vehicle range, extend battery longevity and enhance safety.
- In February 2019, Infineon Technologies AG announced a new partnership with LG to introduce LG G8ThinQ with a front-facing Time-of-Flight camera. While other 3D technologies utilize complex algorithms to calculate an object's distance from the camera lens, the ToF image sensor chip delivers more accurate measurements by capturing infrared light as it is reflected off the subject. As a result, ToF is faster and more effective in ambient light, reducing the workload on the application processor and reducing power consumption.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in electronic components market during the forecast period 2021 to 2028
As a result of the increased use of active semiconductor components such as microprocessors, microcontrollers, and IC in most electronic devices, the active components segment in the product type is expected to grow at the fastest rate during the forecast period of 2021 to 2028. China dominates the Asia Pacific region due to higher consumption, industries, and component producers.
North America is estimated to be the fastest-growing region in electronic components market the forecast period 2021 to 2028
As a result of technological advancements in electronic products and research industries, the United States dominates the North America region. North America will score the highest growth rate because of its innovative research in electronics and micro-technology.
COVID-19 Impact
The COVID-19 pandemic has significantly impacted the global manufacturing of passive and interconnecting electronic components. Countries such as China, Germany, the United States, Japan, and South Korea had a significant number of COVID-19 cases, forcing governments to impose restrictions such as city lockdowns, sealing international trade borders, and allowing companies to provide employees with work-from-home facilities. The drop in electronic component production and exports caused by the temporary shutdown of production facilities and international borders significantly impacted overall market growth in Q1 and Q2 of 2020.
For more detailed information about the electronic components on market report, click here – https://www.databridgemarketresearch.com/reports/global-electronic-components-market
