Electronic components form the backbone of ever growing industries like computer, telecommunication and consumer electronics. They are also increasingly being used in automotive, medical electronics, aerospace and defense industries. Integrated circuits, chipsets, which are integral part of computer and mobile devices, use several electronic components to perform a particular task. Electronic components are of three types: active components, passive components and electromechanical components. Active components control flow of electricity into circuits while passive components are incapable of controlling flow of current. Conversely, electromechanical components combine both electronic and mechanical functions. Examples of active components are semiconductor devices, diodes, transistors, integrated circuits, optoelectronic components, microwave tubes, cathode-ray tubes, display devices, photoelectric tubes, X-ray tubes, metal oxide semiconductor field effect transistor (MOSFET), and triodes while passive components are capacitors, resistors, current sending resistors, inductors and transformers.
Growth of electronic components is majorly driven by increasing demand for consumer electronic goods such as mobile and wearable computing devices; increasing usage of electronic systems in automobiles; growing penetration of electronics in the health sector; electromechanical applications of capacitors in the defense sector; automation of industrial processes; and global drive towards building & home automation. In smartphones there is a growing need for larger memory, advanced processors, and sensors which will drive demand for electronic components which can support advanced functions.
Electronic components industry is inflicted by number of challenges such as regulatory issues, raw material prices and availability, counterfeit products and declining margins. Electronic component market is highly fragmented and competitive. Some of the key manufacturers operating in the sector are Fujitsu component LTD, Eaton Corp, Kemet Corporation, Omron Corporation, Microsemi Corporation, ABB, among others.
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