Electronica China 2024's Passive Components Exhibition Area Opens Door of Sci-Tech Innovation

In recent years, with the rapid development of many industries such as consumer electronics, automotive electronics and industrial electronics, and the rise of emerging fields such as new energy vehicles, Internet of Things and new energy in China, the demand for electronic components has been increasing, boosting the industrial development.

The integrated passive devices market in APAC is forecast to witness more than 10% growth from 2020 to 2026, thanks to government support for semiconductor manufacturing expansion in the region. According to the Information Center of China Electronic Components Association and Paumanok, the market size of passive devices in China had increased from RMB 145 billion in 2019 to RMB 176.7 billion in 2022. It is estimated that the compound growth rate of passive devices in China will be about 5.8% from 2023 to 2026, and the market size of passive devices in China will reach RMB 225.3 billion by 2026.

Source: Information Center of China Electronic Components Association, Paumanok and FORWARD

Outlook 1: Innovation in technology and electronics drives industrial development

Continuous revolutionary innovations and the introduction of technologies in the electronic field are propelling market growth for passive components in many regions. Consumer electronics such as music players, digital cameras and laptop computers are promoting demand for passive devices. Further innovations and integration of navigation and infotainment features such as Global Positioning System (GPS) are also pushing the market forward. In addition, the combination of rapidly expanding 5G network infrastructure and high-speed Internet has laid a solid foundation for market demand.

Outlook 2: The collaborative implementation of IoT promotes industrial development

IoT devices are transforming industrial sectors around the world, enabling manufacturing facilities to increase operational efficiency and overall production capacity by providing ease of operation and reducing total system downtime. In addition, due to the development of Industry 4.0, many industrial facilities have started deploying various connected devices in order to streamline operations through remote monitoring. The widespread use of IoT devices in various industrial applications, such as motion control and process automation, is expected to drive the passive component market to new heights within the next few years. 

Outlook 3: The advent of 5G era promotes the development of integrated passive devices

Passive components must be integrated into products such as balancers, filters and duplexers to make them compliant with 5G standards. The telecom industry will particularly benefit from the integration of IPD as it will help reduce the size and energy consumption of telecom infrastructure projects. In addition, 3D Glass Solutions' high-efficiency 5G IPD RF filter is further evidence of the driving development in the integrated passive component industry.

Source: Information Center of China Electronic Components Association, Paumanok, FORWARD, Research and Markets, KBV Research

Theme Exhibition Area for Passive Devices

Electronica China will be held at Shanghai New International Expo Centre from July 8 to 10, 2024. A theme exhibition area for passive devices will be built on the site to bring together many high-quality exhibitors. The theme exhibition area is designed to provide a platform and opportunity for direct communication between exhibitors and visitors, show the technology application and innovative design in the field of passive devices, and promote the further development of the passive device industry.