Technology Developments and Growing Adoption of Electronic Devices Drives the Electronic Components Market, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) May 31, 2013

Follow us on LinkedIn – Electronic components have played a significant role in the evolution of several path-breaking technologies that have changed the world in the 21st century. For instance, telephones and computers have revolutionized the world of communications and information technology respectively. The role of electronic components in driving this technology driven world is significant, given their extensive use in a wide range of electronic applications right from traditional computers, telephones, televisions and audio players to more advanced electronic gadgets such as mobile computing devices, mobile phones, LCDs, LEDs, DVD/Blu-Ray players, portable media players, video game consoles, home-theater systems, microwaves and printers among others. As key building blocks of electronic circuitry used in a range of electronic devices, electronic components represent the backbone of the electronics sector.

The market continues to be driven by demand from major downstream industry segments such as telecommunications, computing and consumer appliances, which are the most prolific users of these components. However in recent years, newer application areas such as automotive electronics, medical device electronics, defense and aerospace electronics, including state-of-the-art weaponry and industrial equipment, among others, have emerged to spearhead growth. Product and service innovations and developments in end-use markets create significant opportunities for growth. Digitalization of consumer entertainment has led to rapid proliferation of digital media devices such as MP3 players, media servers, DVD and Blu-Ray players, manufacturing of which necessitates the use of electronic components. Electronic component manufacturing continues to become increasingly complex, intricate and dynamic due to the ever-changing technology trends in intelligent electronics. Long-term growth in the market particularly depends on incremental technology developments and customization based on unique application requirements.

Growing adoption of PCs, ultrabooks, smartphones, and other consumer electronic devices is creating demand for passive electronic components. Demand for passive components is primarily driven by cheaper, smaller and high quality parts in a range of electronic devices. Advanced technological features, higher performance levels, greater frequencies and capability in providing increased densities are stimulating demand for passive components. Given the rapid demand for complex and advanced electronic components, manufacturers need to stay focused on end-user requirements in order to trigger sales growth. The miniaturization trend sweeping through the electronic devices market is generating strong demand for advanced passive components with small form factors such as case sized capacitors.

As stated by the new market research report on Electronic Components, Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of about 6.6% over the analysis period. Growth in the region is led by rapid industrialization, booming economies, urbanization, growing employment opportunities, and rising spending power among the growing base of middle class population. Increased production of electronic devices in response to growing consumer demand is providing a major boost to market opportunities in this region.

Major players in the marketplace include ABB, Abracon Corporation, Alps Electric Co., Ltd., Alstom Signaling, Inc., American Electronic Components Inc., American Relays, Inc., Eaton Corp., ELECTRONICON Kondensatoren GmbH, Fujitsu Component Limited, Gilard Electronics Pvt. Ltd., Hamlin Breed Electronics Ltd., Hammond Mfg. Co. Ltd., Hasco Relays and Electronics International Corp., Hitachi AIC Inc., Ibiden Co. Ltd., KEMET Corporation, Kyocera Corporation, Microsemi Corporation, MITSUMI ELECTRIC CO., LTD., NEC TOKIN Corporation, Nippon Chemi-Con, United Chemi-Con, Nippon Mektron Ltd., Omron Corporation, Panasonic Corporation, Samsung Electro-Mechanics, Schneider Electric EPCOS AG, TE Connectivity Ltd., Teledyne Technologies Inc., Token Electronics Industry Co, Ltd., Yageo Corporation, and Yueqing Meishuo Electric Co. Ltd., among others.

The research report titled Electronic Components: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, & Rest of Europe), Asia-Pacific (China, Taiwan, Korea, and Rest of Asia-Pacific), Middle East, and Latin America.

Product segments analyzed in the report include Resistors (Semi-Fixed Variable, Carbon Variable, Other Variable, Carbon Film Fixed, Metal Film Fixed, Metal Oxide Film Fixed, Wire Wound Fixed, Network Resistors, Chip Resistors and Other Fixed), Capacitors (Variable, Aluminum Electrolytic Fix, Tantalum Electrolytic Fixed, Ceramic Fixed, Organic Film Fixed, Metallized Organic Film and Other Fixed), Transformers (RFTS & IFTS, Audio Frequency, Power, High Frequency Power, High Voltage, Flyback, Deflection Yokes and Others), Resonators, Connectors (PCB Connectors, Rectangular I/O Connectors, RF Coaxial Connectors, and Other Connectors), Relays (Electromechanical Relays and Solid State Relays), Switches (Toggle, Slide, Rotary, Keyboard and Other Switches) and Printed Wiring Boards (Single Sided Rigid, Double Sided Rigid, Multilayer Rigid and Flexible).

For more details about this comprehensive market research report, please visit

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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