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Communications including 5G will drive the components market

According to IC Insights, the communication sector’s share of integrated circuit sales reached 35% in 2020 and is expected to grow to 36.5% by 2025. For perspective, the automotive sector’s share of integrated circuit sales was 7.5% in 2020 and will grow to 9.8% by 2025 – significantly less than communications. Industry tailwinds What’s driving […]

Component Prices Rise 10% to 40% – But why?

While component price rises are expected when demand outstrips supply, the scale of recent increases has come as a shock to many businesses. In its Q3 Commodity Intelligence Quarterly, CMarket intelligence platform Supplyframe reports that some electronic components have seen prices rise by as much as 40%, making it uneconomical for products to be made. […]

Automotive electronics market set to grow

With vehicles getting smarter, more connected and more autonomous, the automotive electronics market looks set to soar. Future growth in numbers Back in March, Precedence Research predicted the automotive electronics market would hit around US$ 640.56 billion by 2030. Then, in July, Global Market Insights released research predicting the automotive electronics market would hit around […]