The future of the electronic component industry looks very healthy indeed thanks to tailwinds from 5G, robotics and automation, artificial intelligence, edge computing and several other emerging technologies.
A few of the companies destined to benefit from the advancement of these technologies include Infineon Technologies, STMicroelectronics, Würth Elektronik, Eaton Corp, Micron, MaxLinear, Hitachi and Qualcomm. There are hundreds more who are operating foundries and factories at maximum capacity to meet demand already.
Key to meeting the demand is an increase in manufacturing capability, which many companies will have to build through capital expenditure. We are already seeing an increase in investment from many of the aforementioned companies.
As for electronic component distributors, the phrase “a rising tide raises all ships” is a perfect expression. Component distributors like us will see an increase in demand in the future as our world becomes more technology-focussed.
These are the technologies that we see fuelling electronic component growth in the near future (we already mentioned a few in our opening paragraph):
Every infrastructure, and every product, will need a unique set of electronic components in its design. Factories and foundries will make the components, and electric component distributors will help manufacturers source them.
Meeting the uptick in demand
There’s one certainty in the electronics industry: demand on components increases as technologies become more complex. We see this with semiconductors, which are getting smaller (2nm), with 5G, which requires more components than 4G, and in robotics, which require powerful Lidar guidance systems.
To meet this uptick in demand, there are companies that specialise in making specific components and machines.
For example, Axcelis Technologies, headquartered in Beverly, Massachusetts, makes ion implant equipment vital to semiconductor fabrication. Then we have Micron, who recently announced high-density 3D NAND flash memory.
The innovation and investment in new technologies from leading companies is a clear sign that the electronic component industry is not just healthy, but thriving, despite the disruption caused by COVID-19.
The role of electronic component distributors
Our place in all this as an electronic component distributor is to help our customers (who include OEMs, foundries, factories and assemblers) to source the components they need to operate their business.
We are crucial to our customers because we are a global distributor. We enable industry players to buy electronic components with confidence at competitive prices, and our links in the industry allow our customers to gain a competitive edge.
As demand has increased for electronic components, competition has intensified, and it really isn’t uncommon for companies to have to bid for components. This is the result of a market that doesn’t produce enough components for certain applications. We exist to help all companies source the components they need.
With us, you get a fast response to your enquiries and reliable on time delivery. There’s no better partner to have on your side.
Click Here and visit our site today to use our fast component search tool and enquire with us today!