Artificial Intelligence
Active And Passive Electronic Components Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)
New York, Aug. 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Active And Passive Electronic Components Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06484431/?utm_source=GNW
Active and passive electronic components are any semiconductor/electronic device’s building blocks. With their simple functionalities, these components play a crucial role in powering an electronic system. While active components are part of an electronic circuit that relies on an external power source to modify/control electrical signals, passive electronic components do not need an external power source to function. They use other properties to control the electrical signal.
Key Highlights
The active and passive electronics market witnessed significant growth over the past few years, primarily due to the increasing digitalization of various sectors. This resulted in the growing adoption of consumer electronics across sectors and the rising need for connectivity and mobility. With these developments, the complexity of electronic products also increased. This accelerated the need for components, especially in the automotive and consumer electronics industries.
One of the current trends in the consumer electronics industry is the growing demand and need for smaller, lighter, and higher-performing electronics, i.e., the miniaturization of electronics and components. Rapid technological advances have led to the availability of products that incorporate multiple features on a single platform.
The consumer electronics industry is among the major consumer of active and passive electronic components. These components are among the fundamental building blocks of the circuitry in devices such as computers, cell phones, and several other electronic devices. For instance, a transistor performs various functions such as amplification, voltage regulation, switching, signal modulation, and oscillators.
The raw materials prices, such as silicon, iron, nickel, and molybdenum, have recently seen significant changes. With the pandemic’s influence, the global precious metal market is further witnessing adverse effects of supply chain issues, which also impact the market prices. This increase in the price of palladium, nickel, and ruthenium impacts the overall cost of production for specific large-volume components, challenging the market’s growth.
During the COVID-19 pandemic, the demand for active and passive components increased significantly across the medical and healthcare sector to speed up the detection and treatment process as well as to enhance remote patient monitoring capabilities; healthcare institutions significantly invested in advanced electronic devices, which in turn drove the demand for components such as transistors, capacitors, amplifiers, etc.
For instance, the demand for electrochemical transistors with a modular architecture witnessed a notable increase in use in sensing devices for the rapid quantification of single-molecule-to-nanomolar levels of specific antigens in complex bodily fluids. Furthermore, various use cases of laser-induced graphene field-effect transistors (LIG-FET) for detecting SARS-CoV-2 were also observed during the COVID period. With these components proving beneficial, further technological innovations are expected to open new growth opportunities in the post-COVID-19 period.
Active & Passive Electronic Components Market Trends
Increasing Adoption of 5G Technology is Driving the Market
5G has been a groundbreaking innovation not just for the communication industry but is expected to significantly impact the growth of various industries, including consumer electronics, automotive, industrial, etc., as the fast and low latency connectivity offered by 5G will significantly expand use cases across these industries.
According to Ericsson, the global number 5G subscriptions are expected to expand rapidly, growing up from a mere 12.69 million in 2019 to 4,372.73 million by 2027. Furthermore, Northeast Asia is expected to hold the largest number of 5G subscribers, reaching 1,705.6 million subscribers by 2027.
Such trends are expected to open up a new world of possibilities for every tech industry as the low-latency and fast speed offered by 5G is what is needed for further advances in intelligent automation, Artificial Intelligence (AI), the Internet of Things (IoT), autonomous cars, extended reality, blockchain, and several other technologies yet to be explored.
According to a study by Qualcomm, 5G will generate more than USD 2.4 trillion across the automotive industry by 2035. As millions of vehicles leverage mobile technology for real-time navigation, emergency services, connected infotainment, etc., the advent of 5G will spawn a new range of applications such as Vehicle-2-Vehicle, Vehicle-2-Network (V2N), Vehicle-2-Infrastructure (V2I), and Vehicle-2-Pedestrian (V2P) communications.
Furthermore, 5G is also expected to have a similar impact on the growth of the consumer electronics industry. The demand for IoT-connected consumer devices will grow due to the availability of low latency and fast connectivity networks. Such trends combinedly will support the growth of the studied market during the forecast period.
Asia Pacific is Expected to Witness Significant Growth
The growing electronics industry is attracting several MNCs to set up manufacturing plants in Asian countries either independently or through a joint venture with different regional companies. This includes large global organizations such as Tyco Electronics, FCI OEN, Molex, Vishay, and EPCOS. ?This is further anticipated to boost the local manufacturing activity of resistors in the Asia Pacific region.?
In China, the growth of the studied market can also be attributed to the booming electronics industry. Electronics is one of the largest industries in China and is a significant contributor to the country’s overall economic growth. For instance, as per the State Council of the People’s Republic of China, during the two months from January to February 2022, the added value of major electronics manufacturers rose 12.7% year-on-year, compared with the 7.5% growth seen in the overall industrial sector in the country. China is the world’s leading producer of electronic devices such as TVs, smartphones, laptops and PCs, refrigerators, and air conditioners.
Japan’s electronic products industry, which is one of the largest in the world, is the most significant factor driving demand for sales of semiconductors in the country. As per the Japan Electronics and Information Technology Industries Association (JEITA), in 2021, the production value of electronic devices in Japan grew by 10.6% compared to the previous year, reaching a value of about JPY 3.94 trillion in 2021. The rising disposable income of the people and their preferences for smart homes and smart business environments are important drivers for the growth of consumer electronics in Japan.
Korea acquired a prominent position in the global semiconductor memory market. The data center market in Korea is one of the fastest growing and is attracting increasing investments from many foreign players. For instance, in April 2022, Digital Edge (Singapore) Holdings Pte. Ltd planned to develop a data center in Incheon, South Korea, through a partnership with the SK eco plant. The companies will jointly build and promote a 120MW hyper-scale data center development project in the National Industrial Complex in Bupyeong-gu, Incheon.
Electronics manufacturing is a significant contributor to Taiwan’s total Gross domestic product (GDP). Taiwan Semiconductor Manufacturing Company (TSMC) is the most important semiconductor manufacturer in the region. Recently TSMC reported its Q2 2022 earnings results, presenting a strong revenue growth of 36.6% year over year. As per the company, one of the most important reasons for this remarkable growth was the rapid expansion of its customers in the high-performance computing (HPC) industry. These include artificial intelligence researchers, data centers for cloud providers like Amazon’s Amazon Web Services, and edge computing networks. HPC revenue grew 14% quarter over quarter in Q2 and now makes up 43% of TSMC’s overall revenue.
Active & Passive Electronic Components Industry Overview
The active and passive electronic components market comprises long-standing established players who have made significant investments in the product. The new players entering the market require high investments. The companies can sustain themselves through powerful competitive strategies. Product innovations can also work in favor of new players as they can target emerging and less explored application areas to expand their market presence further. The degree of competition is high in the market and is expected to remain the same for the forecasted period.
In December 2022, ModCap HF, a modular capacitor designed for DC link applications that can operate at extremely high switching frequencies, was offered by TDK Corporation. The six newly created power capacitors in the B25647A* series are rated for between 900 to 1600 volts and have capacitance ranges between 640 to 1850 microfarads. The highest allowable hot spot temperature is 90 °C, and the rated currents range from 160 A to 210 A depending on the kind.
In October 2022, YAGEO Group, the world’s top supplier of passive components, released the automotive grade thin film chip resistor – RP Series. The RP series’ unique passivation design creates a waterproofing interface. This cover shields the resistive layer, preventing moisture from entering from the outside. With this defense, the RP Series can maintain high resistance stability in challenging conditions, making it ideal for power systems, industrial/medical equipment, telecommunications, industrial/automotive electronics, and industrial/industrial equipment.
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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