Interconnects and Passive Components Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Interconnects and Passive Components Market: Overview
An interconnect component refers to an optical or electric connection or cable connecting two or more devices. A broad range of interconnect parts such as board to board connectors, electronic cable connectors, and DIN connectors used in a broad range of applications are offered by a number of manufacturers. Cellular phones, hubs, HVAC equipment, routers, mp3 players, GPS devices, Ethernet and other high speed connectivity applications, digital cameras, and video connections are some of the key applications that deploy interconnects components. Passive components, on the other hand, are used in applications such as computers, wireless communication, security systems, 3D printers, medical instruments, power supply circuits, handheld devices, digital thermostats, and several household appliances.
Global Interconnects and Passive Components Market: Key Trends
The rising demand for interconnects and passive components in the thriving consumer electronics industry is a primary catalyst of the global market. Used in the production of devices and machines deployed in automobiles, healthcare, data processing, and telecommunication, these components are likely to witness greater adoption over the next few years. The market is also receiving a significant boost from the continual technological advancements in the consumer electronics industry. Moreover, the growth of the interconnect segment creates further scope of expansion for the market. The growth of this segment can be attributed to the preference for high speed bandwidth in data processing, emergence of robotics and automation across numerous sectors, and development of compact electronic components and devices.
Global Interconnects and Passive Components Market: Market Potential
The competitive scenario of the global interconnects and passive components market is marked by unceasing product launches. For instance, in March 2017, AVX Corporation announced the release of its new low pass integrated thin film SMD filter, which can be an ideal solution for various wireless applications such as global positioning systems (GPS), mobile communications systems, and wireless large area networks (LANs). The new FHC1 and FHC2 series feature low parasitics, low insertion loss, conducive heat dissipation properties, and a wide frequency range.
Partnerships, acquisitions, and collaborations are focused on by several companies. For example, in Ixia announced its partnership with Foxconn Interconnect technology (FIT) and Cisco for demonstrating 400 Gigabit Ethernet traffic at The Optical Fiber Communication Conference and Exhibition (OFC) 2017 in Los Angeles, USA.
Global Interconnects and Passive Components Market: Regional Outlook
Regionally, the global interconnects and passive components market is segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Asia Pacific exhibits colossal growth opportunities, springing from factors such as easy availability of cheap labor, raw material, along with low costs of production. The booming consumer electronics industry in the region, and particularly in China, is aiding steady growth of the market for interconnects and passive components. Moreover, with increasing per capita incomes of the middle class, the standard of living of the people has improved. This has resulted in more demand for smartphones, LED and LCD displays, and other electronic devices. North America and Europe are also slated for extensive growth, encouraged by beneficial policies of the government.
Global Interconnects and Passive Components Market: Competitive Analysis
Panasonic Corporation, Guangzhou Copper Factory Co., Ltd., TT Electronics Plc., AVX Corporation, Celtic Chemicals Ltd, JST Mfg. Co. Ltd., E Connectivity Ltd., Hon Hai Precision Industry Co. Ltd., and Cisco Systems, Inc. are some of the prominent players operating in the global market for interconnects and passive components.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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