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(GPS). Medical electronics is also a fast growing end-use sector. Industrial robotics and plant automation
tends to spur the Electronic Components Market growth over the forecast period. Portable electronics have
been witnessing high adoption across the globe, spurred by remote communication facil ities. Since these
products are also used in integrated circuits, demand is expected to remain strong over the forecast period.
As a result of growth in end-use industries in Asia Pacific, the Electronic Components Market in this region is
expected to remain the largest and fastest growing over the next few years. Transition towards
communication standards such as 3G and 4G LTE is expected to be favorable for industry growth. Increasing
penetration of electronics in healthcare sector provides for opportunities in this market.
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However, fluctuations in raw material prices and its availability pose a challenge to this market. Also,
regulatory issues and declining margins pose a threat to market growth.
The Electronic Components market can be segmented on the basis of electronic components type and
end-user applications of the industry. The electronic components consist of active, passive and
interconnected components. With industrial expansion in emerging markets, these components are to
witness significant growth over the forecast period. Electronic components are being used in
automobile industry, marine industry, defense and aerospace, robotics and plant automation,
healthcare sectors and gaming industry.
Growing demand for electronic devices in Asia-Pacific is tto spur the Electronic Components Market
growth over the forecast period. Furthermore, growth in Internet bandwidth and burgeoning adoption of
Internet services in India, China and other nations is expected to result in corresponding demand for
electronic devices and components.
key players in the Electronic Components Market are Actel Corporation, FCI Electronics, Hitachi AIC
Inc., Datronix Holdings Ltd., ST Microelectronics, Xilinx, Inc., Fairchild Semiconductor, Hammond Mfg.
Co. Ltd., Agilent Technologies Inc., Token Electronics Industry Co, Ltd., Eaton Corp., Nippon Chemi-
Con, Intel Corporation, Murata Manufacturing Company, Delta Electronics Inc., JST Mfg. Co. Ltd.,
Molex, Gilard Electronics Pvt. Ltd., Acme Electric, Kyocera Corporation, Omron Corporation, Nippon
Mektron Ltd., Taiyo Yuden Co., Shenzhen Sunlord Electronics Co. Ltd., Kyocera Corporation, 3M
Electronics and Panasonic Corporation.
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industry
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