Passive and Interconnecting Electronic Components: Technologies and Global Markets (Focus on North America)

Report Highlights

• The global market for passive and other interconnecting electronic components is expected to reach $118.6 billion in 2011 and $136 billion in 2012. It will further grow to $213.5 billion by 2017 at a compound annual growth rate (CAGR) of 9.4% between 2012 and 2017. 
• The total value of the North American segment for passive and interconnecting electronic components is expected to increase from $22.9 billion in 2012 to $30.8 billion in 2017, with a CAGR of 6.1% for the 5-year period from 2012 to 2017.
• The North American market for capacitors in 2011 will be nearly $2.3 billion. This market is expected to grow to $3 billion by 2012 and will further increase to $4.1 billion by 2017 at a CAGR of 6.1%.

INTRODUCTION

STUDY GOALS AND OBJECTIVES

Electronic components are the backbone of industries such as computers, telecommunications, consumer electronics, and many others.  Electronic components form parts of electronic circuitry and are used or manufactured in the field of electronics—the study of electrical devices used for controlling electrically charged particles or the flow of electrons to execute any electrical operation.

Electronic components are also increasingly used in industries such as automotive, medical electronics, aerospace, and defense.  Growth in electronic components would be characterized by the development of technologies and innovations in the electronic industry.  Each sector is driven by a key trend that stimulates the growth of that industry.  The demand in the telecommunications industry is characterized by the expansion of the communications network across the world.  The increasing adoption and transition toward 3G/4G technologies and increasing bandwidth in Internet communication have stirred the need for electronic devices, thereby leading to the growth of electronic components.

In the consumer electronics sector, the growing acceptance and increasing usage of digital entertainment are found to be widespread across the globe.  In addition, consumer products such as digital cameras, portable music players, gaming consoles, and so on have contributed to the growth of electronic products industry.  Development in the area of personal computers such as desktop PCs and laptops has generated a major share of growth in the electronics industry.  With new software being introduced regularly, a compatible system to run the software is required.  This leads to innovation of new processors and other system components.  In the automotive industry, greater levels of adoption of electronic components such as global positioning system (GPS) enhanced sound systems, car entertainment, and parking and drive assistant systems lead to the increasing growth of the electronic industry.  Miniaturization and increased functionality with greater performance are the key factors that drive the electronic components market in the aerospace and defense industry.  In the field of medical electronics there is a significant increase of electronic equipments in clinics and hospitals for early detection of health-related issues and for effective treatments and cures.  Introduction of sophisticated electronic components has rapidly increased the range of end-user markets.  Additionally, the use of passive components by integrated circuits is also increasing.  On an average, each integrated circuit has 20 passive components, and increasing usage of passives by integrated circuits is expected to continue. 

This report will also study the global market for the various passive and interconnecting electronic components and applications of these components.  The markets for these components and their applications have become very competitive, and this report will look into the nature of the competition and the region-wide breakdown of these markets.

REASONS FOR DOING THIS STUDY

To succeed in a market, electronic component manufacturing companies must understand that market.  They must know who their competitors are, how the market as a whole is performing, and what is selling and what is not.  In addition, they must know where market opportunities lie.  This report provides important information on the current size and anticipated growth of the overall market and market segments, characteristics of the market, leading suppliers, trends in customer preference, and geographic market opportunities.

INTENDED AUDIENCE

This study covers the electronic components that are used in various electronic products, various traditional and new applications, and global markets for these components and applications.  The report will be useful for:

• Manufacturers of passive and interconnecting electronic components.
• Manufacturers of electronic products using the above components.
• Design and application engineers.
• Various industries needing above-mentioned types of electronic components.

SCOPE AND FORMAT

The scope of this report is the global market for passive and interconnecting electronic components.  A variety of factors were considered in making the market forecast including the underlying economic growth of the overall market and growth rates reported by manufacturers and users of electronic components.

This report will examine the various types of passive and interconnecting electronic components and the technologies involved.  These are being upgraded at a rapid rate.  There also will be a focus on new and improved technologies and their effect on electronic applications in various fields.

The report also will look at the global market for passive and interconnecting electronic components, which have been undergoing constant upgrades.  In addition, the prices of these electronic components continue to fall, making the market for these components very competitive.  This study will examine the nature of the competition and offer a regional breakdown of this market.

In addition, there will be a look at future global markets for these electronic components.  Recent advances in electrical component technology have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future.  This report investigates the present global market for these various applications and provides a realistic forecast of their growth.

The major objective of this report is to determine the worldwide market for electronic components and its growth potential over the next 5 years.  Profiles of global manufacturers are provided along with a discussion of the global competition.  An analysis of patents issued to various companies for related technologies and processes is contained in this study.  Forecasts take into account product and technology life cycles.  Information has been provided in an easy-to-grasp format.  Necessary figures regarding global sales and forecast of electronic components for both the industrial and nonindustrial sectors are provided as quick-read figures and tables.

METHODOLOGY AND INFORMATION SOURCES

Both primary and secondary research methodologies were used in preparing this study.  Market data resulted from telephone interviews with manufacturers and end users as well as from searches of company literature and online sources.  Production data from various segments of the industry was obtained from sources within these industries and from the balance sheets of a number of companies.  Forecasts are based on a variety of factors, including technology developments, commercial realities, product/technology life cycles, and regional economic growth factors.

A wide variety of primary and secondary sources were used.  Primary information sources include individuals within companies, various research organizations, governmental agencies, and trade associations.  Additional secondary research sources include databases, trade literature, specialized journals, and government statistics.

Data on the market for electronic components had to be reconciled due to diverse sources and variations.  Data presented are historically consistent, but may differ from other sources.  Variances occur due to definitional differences, undistributed exports, inventory accumulation, and goods-in-transit.  A potential for statistical discrepancy, on a country-by-country basis, is the conversion from national currencies to U.S. dollars. 

ANALYST CREDENTIALS

Srinivasa Rajaram is a mechanical engineer with more than 40 years of experience in senior positions in multinational organizations in manufacturing fields.  He has designed layouts of manufacturing systems, and has authored several leading technology market research reports for BCC Research, covering global markets for electronics and other technology products and services.

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DISCLAIMER

The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature.  This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature.  The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.