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Electronic Components Market Share, Size, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ Industrial robotics and plant automation tends to spur the Electronic
Components Market growth over the forecast period.”
08 March 2019
Electronic circuitry is formed of various electronic components; with growing automation, they have become
essential for industries including consumer electronics, telecommunications, and computers among others.
Electronic components consist of active, passive and interconnecting components. Active electronic
components require source of energy to operate. Passive electronic components, unlike their active
counterparts, do not depend upon a source of energy in order to perform their required funct ion. Printed
circuit boards (PCB) are referred to as interconnecting components, since they help connect various
components into an integrated assembly, so as to control the target system. Systems have become
increasingly complex and offer high functionality. Furthermore, with the adoption of consolidated modules
such as system-on-a-chip and multichip, the need for effective electronic components is expected to
increase.
Passive electronic components include capacitors, resistors, inductors, and transformers, while active
components comprises of transistors, integrated circuits or IC’s and logic gates, and interconnecting
components primarily encompass connectors and switches in addition to PCBs. Growing demand for
consumer electronic such as portable music players, digital cameras and gaming consoles in addition to
desktop PCs and laptops has been contributing to growth in the electronics industry. Enhancement and
development in software is also giving rise to the need for compatible hardware. Electronic c omponents are
used in the automotive sector as well, which can be attributed to technological advancement and
incorporation of communication, infotainment and navigation features such as global positioning systems
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