Global Passive and Interconnecting Electronic Components: Overview
The burgeoning demand for combined modules such as system-on-a-chip and multichip is providing a significant momentum to the global market for passive and interconnecting electronic components. They form an indispensable part of the electronics industry and therefore, the growing trend of automation is benefitting the market. The lower prices, good availability, and shorter lead times of these components are auguring well for the profitability of manufacturers, thereby reflecting positively on the overall revenue generation of the market.
The report presents a 360-degree view of the global passive and interconnecting electronic components market. Primary and secondary research have come into play while collating this research report. Various paid and unpaid sources such as white papers, presentations, press releases, and journals have been referred to compile this study. The report serves as a reliable business tool with extensive information regarding various critical parameters of the market including its dynamics, geographical segmentation, and competitive landscape. It profiles key players in the market along with their latest developments, market shares, and business strategies.
Global Passive and Interconnecting Electronic Components: Drivers and Restraints
The growth of the global passive and interconnecting electronic components market is primarily supplemented by the continuous innovations and introduction of advanced and efficient technologies in the electronics industry. The proliferation of consumer electronics such as portable music players, digital cameras, laptops, and gaming consoles is providing a considerable push to the market. Moreover, the increasing incorporation of infotainment and navigation features such as global positioning systems (GPS) in automobiles is working in favor of the growth of the market. The emergence of remote communication facilities is also contributing to the growth of the market.
Despite the tremendous potential, the growth of the market is adversely affected by the overall drop in the global commodity prices. Furthermore, with the rising advancements to ensure high functionality, the complexity of passive and interconnecting electronic components is increasing. This, in turn, is negatively influencing the growth of the market.
Global Passive and Interconnecting Electronic Components: Segmentation Analysis
The global passive and interconnecting electronic components market can be broadly classified into passive electronic components and interconnecting electronic components. Passive electronic components can be further divided into resistors, inductors, transformers, and capacitors. The sub-segments of interconnecting electronic components are printed circuit boards, relays and switches, connectors, and others. Both passive and interconnecting components have a widespread adoption across industries such as consumer electronics, automotive, healthcare, telecommunication, defense services, industrial, and information technology (IT).
Based on geography, the market can be categorized into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is poised to experience a robust growth over the forecast horizon owing to the rising demand for electronic components from various industrial verticals including consumer electronics, healthcare, telecommunication, and IT. The shift towards higher communication standards such as 4G LTE and 5G is likely to positively influence the growth of the market. Moreover, the rapidly growing number of internet users in countries such as India and China is boosting the demand for these components in the region.
Global Passive and Interconnecting Electronic Components: Competitive Landscape
The presence of a large number of players in the global passive and interconnecting electronic components market is resulting in intense competition. Some of the key players in the market are API Electronics Inc., EDAC Inc., Hosiden Corp, AVX Corporation, AB Connectors Limited, Cisco Systems Inc., American Electronic Components Inc., Philips Electronics NV, Fujitsu Component Limited, Yageo Corporation, Panasonic Electronic Devices Co. Ltd, Delphi Connection Systems, and Hirose Electric Co. Ltd.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.