Global Passive Component Market to Grow at a CAGR of 6.2%, 2017-2021
July 3, 2017 | Business WireEstimated reading time: Less than a minute
The global passive component market to grow at a CAGR of 6.29% during the period 2017-2021. One trend in the market is advancement of IoT in industries. The number of devices added to the industrial network and the sensors used in these devices will increase with the advancement of IoT. Companies are now focusing on manufacturing sensors, actuators, and other devices, which can support this IoT market.
According to the report, one driver in the market is growth in demand for communication equipment. Communication equipment not only includes telecommunication devices but also industrial communication devices. One of the main reasons for the growth of communication equipment is growth of LTE high-speed communication standard. The growth in automotive, industrial equipment has a significant impact on the demand for passive components as no device is made without passive components.
Suggested Items
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.