The global market for passive and interconnecting electronic components recovered quickly after the recession of 2009 and was valued at around USD 135.8 billion in 2012. The market is expected to follow this upward trend to cross USD 215 billion at a CAGR of 9% by 2018. Electronic components find their application in various booming industries such as mobile telecommunication, computers, consumer electronics, and others, which is the key growth driver for this market.
Asia-Pacific dominates the current market with more than half of the global market share and is expected to post double digit growth from 2012 to 2018. This growth is accelerated by the growing industrialization in emerging countries such as India and China. Europe is the second largest market because this industry will grow at a slower rate due to the current debt crises in the region. Telecom industry is the largest industry by region and the growth in the telecommunication industry is driven by expansion of the telecom network and rising adoption of advanced internet technologies such as 3G/4G.
Growing popularity of digital entertainment and the increasing demand for digital cameras, gaming devices, and music players will contribute to the growth of this market. Technology advancement in electronic components will also boost the demand in industrial and non-industrial applications. Prices of electronic components are continuously declining, which increases the competition among industry players, which can benefit the consumer but requires quality finished products for manufacturers to succeed.
The industry is highly competitive and comprises of large numbers of manufactures, suppliers, and distributors. OEMs are the primary end users for electronic components. These components are used in diverse industries which include consumer electronics, computers, telecom, automotive, defense, aerospace, medical, and others. Based on types, electronic components can be segmented into printed circuit boards, connectors, hybrid circuits, magnetic components, switches, capacitors, and resistors.
Due to the high competition, manufacturers focus on providing cutting edge technology. Market collaboration is another strategy used by industry players to gain competitive advantage in emerging countries. Industry players are also looking to set their manufacturing plants in emerging markets which will help them offer products at local prices.
Some leaders in this industry include AB Connectors Limited, Corning Gilbert Inc., American Electronic Components Inc., API Electronics, Inc., Cinch Connectors, Cisco Systems Inc., AVX Corporation, Delphi Connection Systems, Comm Con Connectors Inc., Philips Electronics NV, Hosiden Corp., EDAC Incorporated, Hirose Electric Co. Ltd., Fujitsu Component Limited, Ltd., Hubbell Inc., Yageo Corporation, Panasonic Electronic Devices Co., Ltd., and Woodhead Industries Inc..
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- • North America
- • Asia Pacific
- • Europe
- • Rest of the World
This report provides comprehensive analysis of
- • Market growth drivers
- • Factors limiting market growth
- • Current market trends
- • Market structure
- • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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