October 2023 Sets Record Low for U.S. Imported Bare Printed Circuit Boards at $189M

December 14th, 2023 IndexBox Leave a comment

U.S. Bare Printed Circuit Board Imports

Bare printed circuit board imports into the United States soared to 151M units in October 2023, growing by 49% compared with September 2023. Over the period under review, imports, however, showed a mild reduction. Imports peaked at 185M units in November 2022; however, from December 2022 to October 2023, imports failed to regain momentum.

In value terms, bare printed circuit board imports dropped to $189M (IndexBox estimates) in October 2023. Overall, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in March 2023 when imports increased by 8% m-o-m. Over the period under review, imports hit record highs at 260M units in October 2022; however, from November 2022 to October 2023, imports remained at a lower figure.

Imports by Country

In October 2023, China (104M units) constituted the largest bare printed circuit board supplier to the United States, accounting for a 69% share of total imports. Moreover, bare printed circuit board imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (19M units), sixfold. The third position in this ranking was taken by Thailand (7.5M units), with a 5% share.

From October 2022 to October 2023, the average monthly rate of growth in terms of volume from China totaled +4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-11.2% per month) and Thailand (-7.7% per month).

In value terms, China ($58M), Taiwan (Chinese) ($43M) and Japan ($11M) were the largest bare printed circuit board suppliers to the United States, with a combined 59% share of total imports. South Korea, Mexico and Thailand lagged somewhat behind, together comprising a further 15%.

Mexico, with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In October 2023, the bare printed circuit board price amounted to $1.3 per unit (CIF, US), declining by -34.7% against the previous month. Overall, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 58% month-to-month. The import price peaked at $1.9 per unit in September 2023, and then declined markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($5.0 per unit), while the price for Hong Kong ($336 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Global Trade Daily, News, Technology

Enerpoly Secures $8.4M Grant to Propel World’s First Megafactory for Zinc-ion Batteries

December 12th, 2023 Tim Jay Leave a comment

Swedish zinc-ion battery innovator, Enerpoly, has received an $8.4 million grant from the Swedish Energy Agency to advance its groundbreaking zinc-ion battery technology. The grant supports Enerpoly in establishing the world’s inaugural megafactory for zinc-ion batteries, named the ‘Enerpoly Production Innovation Center (EPIC),’ with an annual capacity throughput of 100 MWh. This significant milestone positions Enerpoly to demonstrate the affordability and profitability of mass-producing zinc-ion batteries at scale, ushering in a new era for stationary energy storage.

Co-founded by Dr. Mylad Chamoun (CTO) and Dr. Samer Nameer (CSO), and led by CEO Eloisa de Castro, Enerpoly’s innovative zinc-ion battery technology utilizes abundant materials like zinc and manganese. The batteries, known for their non-flammable and non-explosive properties, are well-suited for challenging applications, including critical infrastructure and urban areas. The technology provides reliable and economical energy storage while insulating from supply chain issues and price volatility.

The grant will fund the development of automated manufacturing systems, enhancements in energy efficiency during cell production, and measures to ensure optimal productivity and safety at the EPIC plant. Enerpoly aims to build a sustainable European value chain, bolster intellectual property protection, and expand its workforce in Sweden. This initiative aligns with the EU’s 2050 climate neutrality goal and contributes to greater energy security and the accelerated adoption of renewable energy.

Enerpoly’s Co-founder and CTO, Mylad Chamoun, expressed the significance of the grant, stating, “Our EPIC zinc-ion plant will showcase how this technology is scalable and can enable the large-scale adoption of renewable energy.” With strong support from the Swedish Energy Agency, Enerpoly’s zinc-ion batteries are poised to play a crucial role in Sweden’s leadership in the global energy transition.

Global Trade Daily

World’s Best Import Markets for Electronic Chips

December 12th, 2023 IndexBox Leave a comment

Electronic chips have become an essential component in numerous devices that we use in our day-to-day lives. From smartphones and laptops to televisions and automobiles, electronic chips are the backbone of modern technology. With the ever-increasing demand for electronic chips, it is important to identify the world’s best import markets for this vital component. In this article, we will explore the top 10 countries in terms of import value of electronic chips, providing key statistics and numbers to showcase their significance in the global market.

1. China

China, being the world’s largest electronics manufacturing hub, tops the list with an astounding import value of $415.6 billion in 2022. The country’s robust manufacturing industry for electronic devices, coupled with its rising consumer demand, drives the need for a significant amount of electronic chips.

2. Hong Kong SAR

Hong Kong SAR follows closely behind China, with an import value of $219.3 billion in 2022. Being a major financial hub in the Asia-Pacific region, Hong Kong serves as a vital distribution center for electronic chips, supplying them to various parts of the world.

3. Singapore

With an import value of $104.4 billion in 2022, Singapore establishes itself as a significant player in the global electronic chip market. Singapore’s strategic location, advanced infrastructure, and strong logistics network contribute to its appeal as an import market for electronic chips.

4. Taiwan (Chinese)

Taiwan (Chinese) ranks fourth on the list, with an import value of $72.9 billion in 2022. The country boasts a well-established semiconductor industry, with numerous multinational companies having a substantial presence in Taiwan. This contributes to the import of electronic chips to meet the local demand and for re-export purposes.

5. South Korea

South Korea, known for its technological prowess, occupies the fifth spot with an import value of $62.3 billion in 2022. The country’s flourishing electronics industry, driven by innovative companies like Samsung and LG, fuels the demand for electronic chips, thus making it an important import market.

6. Vietnam

Vietnam, with its growing manufacturing sector, secures the sixth position with an import value of $53.1 billion in 2022. The country’s low labor costs and favorable investment climate have attracted significant foreign direct investment, leading to increased production and import of electronic chips.

7. United States

The United States, being a major player in the global technology market, imports electronic chips worth $43.0 billion in 2022. Despite having a robust domestic semiconductor industry, the country still relies on imports to meet the rising demand for electronic chips due to its large consumer base.

8. Malaysia

Malaysia secures the eighth position with an import value of $42.2 billion in 2022. The country serves as a regional hub for the semiconductor industry, attracting foreign investments and import of electronic chips for local assembly and export purposes.

9. Japan

Japan, known for its advanced technological innovations, imports electronic chips worth $31.3 billion in 2022. The country’s large consumer electronics market and its strong presence in the automotive industry contribute to its significant import market for electronic chips.

10. Mexico

Mexico concludes the list with an import value of $25.8 billion in 2022. The country’s proximity to the United States, along with its well-established manufacturing industry, makes it an attractive import market for electronic chips, catering to both domestic demand and export purposes.

These top 10 countries exhibit a strong demand for electronic chips, driven by factors such as a robust manufacturing industry, technological advancements, and consumer demand. As the global market for electronic chips continues to evolve, these import markets play a crucial role in meeting the growing demand and ensuring the smooth functioning of various industries worldwide.

IndexBox market intelligence platform provides valuable insights and data on global trade flows, allowing businesses to make informed decisions. With comprehensive information on import and export statistics, market trends, and key players, IndexBox empowers businesses to navigate and succeed in the dynamic world of international trade.

Source: IndexBox Market Intelligence Platform

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Best Import Markets for Memories

December 4th, 2023 IndexBox Leave a comment

In today’s digital age, memories play a crucial role in our lives. Whether it be capturing special moments with loved ones or storing important data, memories are a vital part of our everyday experiences. With the increasing demand for memory storage devices such as USB drives, memory cards, and hard drives, the import market for memories has seen significant growth.

The World’s Best Import Markets for Memories According to the IndexBox market intelligence platform, the world’s top import markets for memories are as follows:

China
Hong Kong SAR
Taiwan (Chinese)
South Korea
Singapore
Malaysia
Vietnam
Japan
India
United States

Let’s take a closer look at these import markets and explore the key statistics behind their success.

1. China

China holds the top position in the import value of memories, with a staggering 101.3 billion USD in 2022. The country’s booming technology sector and the increasing adoption of smart devices have fueled the demand for memories.

2. Hong Kong SAR

Hong Kong SAR follows closely behind China, with an import value of 39.9 billion USD in 2022. The region’s strategic location and well-developed logistics infrastructure make it an ideal import market for memories.

3. Taiwan (Chinese)

Taiwan (Chinese) is another significant player in the import market for memories, with an import value of 27.2 billion USD in 2022. The country is known for its advanced semiconductor industry, driving the demand for memory storage devices.

4. South Korea

South Korea ranks fourth in the import value of memories, with a total of 21.0 billion USD in 2022. The country is home to major memory manufacturers, contributing to its strong import market.

5. Singapore

Singapore’s import value for memories stands at 12.9 billion USD in 2022. The country’s well-established electronics industry and favorable business environment attract global memory suppliers.

6. Malaysia

Malaysia’s import market for memories is valued at 9.9 billion USD in 2022. The country has a strong presence in the semiconductor industry and serves as a major manufacturing hub for memory storage devices.

7. Vietnam

Vietnam’s import value of memories reached 4.5 billion USD in 2022. The country’s growing technological infrastructure and increasing consumer demand contribute to its import market growth.

8. Japan

Japan’s import market for memories amounts to 3.5 billion USD in 2022. The country is known for its technological advancements and has a strong demand for memory storage devices.

9. India

India’s import value of memories stands at 3.1 billion USD in 2022. The country’s expanding IT and telecommunications sector drive the demand for memory storage devices.

10. United States

Finally, the United States concludes the list with an import value of 2.8 billion USD in 2022. The country has a significant consumer market and relies on imports to meet the demand for memories. These top import markets demonstrate the global demand for memory storage devices.

The rapid technological advancements, increasing adoption of smart devices, and growing digitalization of various industries drive the import market’s growth. Companies and manufacturers in the memory storage industry can utilize market intelligence platforms like IndexBox to gain valuable insights into these import markets.

The platform provides comprehensive data, statistics, and analysis, helping businesses make informed decisions and identify new growth opportunities. As the import market for memories continues to expand, it is essential for businesses to stay updated on the latest market trends and consumer demands. By leveraging market intelligence platforms like IndexBox, businesses can stay ahead of the competition and thrive in this rapidly evolving industry. In summary, the world’s best import markets for memories include China, Hong Kong SAR, Taiwan (Chinese), South Korea, Singapore, Malaysia, Vietnam, Japan, India, and the United States. These countries offer extensive opportunities for businesses in the memory storage industry, driven by factors such as technological advancements, growing consumer demand, and well-established industries.

Source: IndexBox Market Intelligence Platform

global Integrated Passive Devices pulp demand power manufacturing electronics

Global Trade Daily, Technology

Electronic Manufacturing Services & their Role in Powering the Modern Era of Technology

August 9th, 2023 Global Market Insights Leave a comment

In the age of rapid technological advancement, smart technologies and devices have become integral parts of our daily lives, revolutionizing how we communicate, work, and interact with the world around us. From smart homes and wearable gadgets to connected vehicles and IoT-enabled industrial equipment, these innovations are shaping the future. According to an IoT forecast published by Cisco, in 2023, the number of interconnected devices owned globally was 3.6 per person.

At the heart of bringing these cutting-edge products to market lies the electronic manufacturing services (EMS) market, which is projected to record over 5% CAGR over 2023-2032, as per a report published by Global Market Insights Inc. Smart technologies demand intricate designs and miniaturization to pack advanced functionalities into compact form factors.

EMS companies possess the expertise to translate complex designs into tangible products. Whether a smart thermostat with a sleek interface or a fitness tracker with sensors that monitor various parameters, EMS providers excel in creating products that seamlessly blend functionality with aesthetics. With the advent of Industry 4.0 and the increasing demand for cutting-edge technologies, electronics manufacturing services will play a crucial role in shaping the future across various industries, including healthcare, renewable energy, and automotive.

EMS emerges as a key smart manufacturing tool

The Fourth Industrial Revolution, also known as Industry 4.0, has ignited widespread change across various industries worldwide. One of the most notable transitions is the increasing adoption of automation, as companies strive to optimize production lines for heightened efficiency, reduced costs, and elevated product quality.

For EMS providers, this translates to harnessing cutting-edge technologies such as automation, the Internet of Things (IoT), 5G, and key Industry 4.0 principles. These innovations empower the creation of smart factories that elevate efficiency, resilience, and customer contentment through seamless integration of machines, processes, and systems. This environment fosters continuous data collection, analysis, and action. By employing this data-centric approach, more informed decisions are made, leading to streamlined processes and enhanced performance.

In March 2022, Huawei, a global front-runner in Information and Communication Technology (ICT), inaugurated the Huawei Local EMS (Electronic Manufacturing Service) Factory in Brazil—a groundbreaking moment marking the nation’s first foray into 5G-powered smart manufacturing. The state-of-the-art facility was equipped with artificial intelligence, cloud, and IoT technologies, to ensure improved production efficiency and productivity. The launch essentially underscored the fusion of advanced tech and manufacturing prowess, propelling the Brazilian manufacturing landscape into a realm of heightened sophistication and innovation, and paving new pathways of success for the EMS industry.

EMS in healthcare technology

The influence of the EMS industry is not limited to consumer electronics; it encompasses the development of several groundbreaking technologies poised to shape the future. Electronics manufacturing service providers play a significant role in producing components for electric vehicles, renewable energy systems, and advanced medical devices, to name a few.

The healthcare sector in particular is at a pivotal juncture in recent years, facing the challenge of handling increased demand, backlogged appointments, staff strikes, and capacity constraints due to several global events, most notably the COVID-19 pandemic. In response to this, many healthcare organizations are embracing digitization, implementing advanced medical technologies and connected devices, and unlocking new possibilities, such as remote patient monitoring (RPM). Based on a report from Global Market Insights Inc, the medical and healthcare segment accounted for over 5% share of the electronic manufacturing services market in 2022. Much of this progress is attributed to government initiatives promoting the digitization and electrification of medical equipment worldwide.

For instance, the World Health Organization (WHO) and European Commission announced the inception of a digital health partnership in June 2023, wherein WHO will adopt the European Union’s system of digital COVID-19 certification. This will pave the way for a global system that enhances mobility and safeguards global citizens against ongoing and future health threats, including pandemics. This initiative represents the foundational step towards the WHO Global Digital Health Certification Network (GDHCN), aimed at delivering improved health for all through an array of digital healthcare products.

The integration of technology, particularly the Internet of Things (IoT) connectivity, is revolutionizing healthcare, offering convenient ways to monitor patient health. RPM technologies hold promise as solutions for the self-management of patient conditions and providing continuous health insights to medical practitioners. Electronics developers are taking note of this trends and actively working to establish targeted EMS facilities for the production of advanced tech-based solutions for the medical domain.

For instance, in August 2021, US-based Kimball Electronics launched a dedicated business unit, Kimball Medical Solutions, offering multifaceted manufacturing solutions for medical customers. Leveraging the full extent of Kimball Electronics’ capabilities, the new business unit was designed to serve as a single-source partner for all medical manufacturing needs, expediting speed to market throughout the product lifecycle and providing comprehensive electronics manufacturing, precision injection-molded plastics, contract manufacturing, assembly, and packaging services.

All in all, the electronics manufacturing services (EMS) market is witnessing an exciting era of transformation and growth. The integration of advanced medical technologies and IoT-driven solutions is revolutionizing patient care, while governments’ initiatives drive digitization and electrification further. As the EMS industry embraces digitization, collaboration, and innovation, smarter factories, enhanced efficiency, and groundbreaking products will power a dynamic landscape that will continue to drive progress and propel businesses into a new era of success.

Global Trade Daily, United states news

U.S. Electronic Computer Price Drops Markedly to 643 per Unit

June 27th, 2023 IndexBox Leave a comment

U.S. Electronic Computer Import Price in April 2023

In April 2023, the electronic computer price amounted to $643 per unit (CIF, US), falling by -8.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 6.2% month-to-month. Over the period under review, average import prices hit record highs at $792 per unit in December 2022; however, from January 2023 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($2,338 per unit), while the price for China ($432 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced a decline.

U.S. Electronic Computer Imports

In April 2023, the amount of electronic computers imported into the United States fell slightly to 9.4M units, which is down by -1.9% on the previous month’s figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when imports increased by 30% month-to-month. Imports peaked at 14M units in July 2022; however, from August 2022 to April 2023, imports stood at a somewhat lower figure.

In value terms, electronic computer imports declined to $6B (IndexBox estimates) in April 2023. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in June 2022 when imports increased by 34% m-o-m. As a result, imports attained the peak of $9.5B. From July 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

U.S. Electronic Computer Imports by Country

In April 2023, China (7.2M units) constituted the largest supplier of electronic computer to the United States, accounting for a 77% share of total imports. Moreover, electronic computer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (793K units), ninefold. The third position in this ranking was taken by Vietnam (771K units), with an 8.2% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China totaled -1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-3.0% per month) and Vietnam (+4.0% per month).

In value terms, China ($3.1B), Mexico ($1.9B) and Vietnam ($392M) constituted the largest electronic computer suppliers to the United States, with a combined 89% share of total imports.

Vietnam, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

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Soaring Demand for Electric Vehicles Worldwide to Increase Usage of Automotive Power Electronics

March 17th, 2023 Fact.MR Leave a comment

The global automotive power electronics market is set to achieve a valuation of US$ 6 billion by 2033, advancing at 4.1% CAGR from 2023 to 2033, as per this new industry analysis by Fact.MR, a market research and competitive intelligence provider.

Power electronics is a general term that refers to a category of solid-state devices used for power regulation and conversions, such as silicon-controlled rectifiers (SCRs), diodes, thyristors, power MOSFETs, gate turn-off thyristors, and many others. They have a significant role in the control of automotive electronics. Automotive electronics is a sophisticated term formed from power electronic devices and their applications in modern electric power steering, seat control, braking systems, central body management, HEV main inverters, etc.

Increasing acceptance of electric vehicles (EVs) is the main factors driving the global automotive power electronics market. Electric vehicles are seen as a critical transition toward modern mobility solutions, providing a cleaner and more efficient method of transportation than traditional automotive. Depleting fuel resources and public uproar over rising pollution levels have fueled the demand for electric vehicles worldwide.

Compliance with safety and vehicle emission norms, as well as rising demand for vehicle connectivity, infotainment, and powertrain electrification, is expected to propel the global automotive power electronics market over the forecast period. The usage of electronics in powertrain systems is predicted to expand at a higher rate throughout the forecast period due to growing efforts by regional governments and environmental agencies to reduce emissions levels through the use of environmentally-friendly automobiles (i.e., hybrid and electric vehicles).

Key Takeaways from Market Study

The global automotive power electronics market amounted to US$ 4 billion in 2023.
Worldwide demand for automotive power electronics is estimated to increase at a CAGR of 4.1% from 2023 to 2033 (forecast period).
The market is forecasted to reach a size of US$ 6 billion by 2033.
Asia Pacific accounted for 38.7% share of the worldwide market in 2022.
The passenger cars segment is predicted to evolve at a CAGR of 3.7% during the forecast period.

“Global automotive power electronics market projected to witness considerable growth due to increasing modernization of vehicles, expanding demand for vehicle electrification, and rising need for connected car devices,” says a Fact.MR analyst.

Regional Analysis

Asia Pacific is leading the global automotive power electronics market. Japan and South Korea are aiding the market growth in Asia Pacific due to the increasing production of automobiles.

The North American market is expanding significantly. The United States is ruling the North American market due to the presence of major electric vehicle makers such as Tesla. Furthermore, Germany is contributing substantially to the European market growth due to the growing adoption of electric vehicles.

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Electronic Thermal Management Materials Market size to Surpass $8.7 Bn by 2026

February 20th, 2023 Global Market Insights Leave a comment

As per the latest research conducted by Global Market Insights Inc., the Electronic Thermal Management Materials Market revenue is anticipated to cross USD 8.7 billion until 2026

With the growing need for special solutions to remove excess heat in miniaturized electronic devices, the deployment of electronic thermal management materials has been gaining momentum worldwide. The burgeoning trend of miniaturization and the rapidly increasing power ratings of electronic modules have led to high heat flux, thus requiring complex thermal management techniques.

These increased products sales during the pandemic are asserting a positive influence on electronic thermal management materials market development in recent years.

The rising awareness about the reliability of thermal management materials is making them a sought-after solution for implementation in myriad industry verticals, including automotive and healthcare. Listed below are 4 factors spurring the electronic thermal management materials business for industrial applications:

Need for temperature monitoring of EV batteries

In the electric vehicle industry, thermal management of the EV battery and systems is one of the major concerns. To solve a range of challenging management problems and allow the battery to operate efficiently and safely, the adoption of battery thermal management systems for electric vehicles has been a key focus of vehicle makers.

Over the years, more and more auto companies have been emphasizing the expansion of their EV fleet. Ford, for example, unveiled plans to boost the production capacity of EVs to 600,000 units by 2023 globally. This, in turn, could fuel the demand for temperature monitoring systems designed for EV batteries, to increase the reliability, range, and robustness of the vehicles.

Mandatory thermal management requirements of space vehicles

Space is considered one of the central technological platforms, with advanced electronics being a fundamental element in the aerospace sector. Over recent years, various aerospace companies have been increasingly developing orbital launch vehicles.

Citing an instance, in September 2020, Isar Aerospace commenced the production of launch vehicles in its promising segment of medium- and small-sized satellites and satellite constellation. Factors like these are augmenting the growth of the electronic thermal management materials market, as the precise thermal management of electronic devices used in space vehicles is mandatory for their efficient functioning.

Demand for semiconductor technology with improved thermal performance

Over the years, government departments have been making significant investments to advance 5G wireless networking. In August 2021, the U.S. Department of Energy, for example, unveiled plans to invest $6 million in 5 research and development projects to boost 5G wireless networking for various science applications like environment and climate data gathering.

Despite the accelerating deployment of 5G networks, there are multiple challenges associated with thermal management materials. This factor could influence telecom service providers to adopt wide-bandgap semiconductors such as gallium nitride with improved thermal performance, contributing to electronics thermal management materials market expansion from telecom applications.

Importance of thermal management of medical devices

To boost domestic production and create a pipeline of innovative medical devices, several medical research bodies are undertaking strategic measures in emerging nations like India. For example, in November 2021, the ICMR (Indian Council of Medical Research) partnered with the IITs to develop centers of excellence. This initiative was aimed at amplifying the strategic Make in India product commercialization and development in the diagnostics and medical device sectors.

Since efficient thermal management is crucial for the reliability and performance of medical equipment, escalating product launch initiatives like these could support the growth of manufacturers of thermal management materials for medical electronics.

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The Global Market for Power Electronics is Anticipated to Grow at a CAGR of 5% from 2022 to 2032

December 9th, 2022 Future Market Insights Leave a comment

The global market for power electronics is anticipated to reach a value of US$ 28 billion by 2022, growing at a CAGR of 5% from 2022 to 2032. By the end of 2032, it is anticipated that sales of power electronics will generate an opportunity worth an absolute 44 billion dollars. The demand for power electronics in the market is expected to increase due to increasing use across consumer electronics and power-generating industries.

To control the flow of energy, switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Semiconductor devices like diodes, transistors, thyristors etc perform such conversions. Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs, etc. Moreover, power electronics find their applications in the connection of renewable energy resources to power grids, transportation in electric trains, motor drives, and lighting. The major use of power electronic devices is heat sinking as well as soft starting of equipment deploying power electronic devices.

Global Power Electronics Market: Segmentation

The global power electronics market can be segmented into geography, types, and applications. Based on geography, the global power electronics market can be segmented into America, Europe, Asia Pacific, and Middle East & Others. Considering types, the global power electronics market can be segmented into diode rectifiers, ac-dc converters, ac-ac converters, dc-dc converters, dc-ac converters, and static switches. Because of applications, the global power electronics market can be segmented into industrial activities, solar power, wind power, electric cars, aerospace, and consumer electronics.

Global Power Electronics Market: Region-Wise Outlook

In terms of power electronics market value, Asia Pacific is the largest geography. America is the fastest growing region; Europe is considered a very promising market comprising Germany and the UK while the Middle East also grants an impetus to the growth of the global power electronics market.

Global Power Electronics Market: Drivers

Various factors are fueling the growth of the global power electronics market including the rapid use of renewable sources of energy followed by the increase in the adoption of electric cars and defense. ICT, telecommunications, self-monitoring and diagnostics systems, hospitals, and healthcare are the major fields driving the global power electronics market to grow apparently.

Global Power Electronics Market: Restraints

There are various challenges faced by the global power electronics market like high initial costs, and deposition of GaN on silica materials that are in turn very difficult to reach in high voltage ranges. Moreover, manufacturing power electronics is excessively expensive and time-consuming thus posing a restraint to the global power electronics market.

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Photonic Packaging Market to Grow at 5.7% CAGR, Expected to Reach US$ 452.3 Billion by 2032

August 24th, 2022 Fact.MR Leave a comment

According to Fact.MR, a market research and competitive intelligence provider, the global photonic packaging market is estimated at US$ 452.3 billion in 2032 and is expected to expand at a healthy CAGR of 5.7% during the forecast years of 2022-2032. The market is poised to grow due to remarkable use case of photonics in several end-use digital applications.

With the rise of 2.5D and 3D package integration techniques and the emergence of the Internet of Everything, connectivity requirements are skyrocketing. The number of mobile devices, such as smartphones and tablets, is increasing quickly. Their data communication needs are increasing the required capacity of global communication networks. The transfer of data, logic, and applications to the cloud increases the need for latency reduction while allowing for increased network capacity by using photonics.

The broad range of methods and technical know-how required to create optical, mechanical, thermal, electrical, and occasionally chemical connections between a PIC and the outside world are together referred to as photonic packaging. The integration of electronic chips, microchips, laser chips, and microfluidics on PICs is among the most well-known applications of photonic packaging.

The other aspects of the field also include the impedance matching of transmission lines from external connectors to PICs’ microscopic photonic components and high-speed (25 Gbps) routing. Additionally, it is done due to the effective thermal stabilization and thermal cooling required to keep the PIC within its operational limit.

Owing to technological developments in the photonics market, demand for its sustainable and robust packaging is expected to witness significant growth over the coming years.

Key Takeaways from Market Study

The global photonic packaging market is projected to grow 1.7X and reach US$ 452.3 billion by 2032.
The market witnessed 4.1% CAGR between 2017 and 2021.
Under packaging technology, optical photonic packaging dominates the market with US$ 110.9 billion valuation in 2022.
APAC dominated the market with 68.2% market share in 2021.
Together, the Americas and EMEA are likely to represent 32.2% market share in 2022.

Based on region, demand for photonic packaging is expected to increase at CAGRs of 5.1% and 6.6%, respectively, in APAC and the Americas.

“Advanced packaging technologies provide a route to improved scaling of photonics devices, especially for high-volume applications,” says a Fact.MR analyst.

Market Development

Technological advancements such as passive Fibre-to-PIC alignment, more accurate flip-chip vertical integration, improved thermal-stack design, and others have created a significant impact. Moreover, with ‘soft’ developments such as the adoption and publication of packaging standards and the consolidation and expansion of the component and material supply chain, there has been a dynamic shift in the overall photonic packaging landscape.

The need to create co-packaging solutions that integrate photonics with electronics, microfluidics, and MEMs will increase as photonics becomes more prevalent and finds more applications across vivid domains. The biggest prospects for this technology are in automotive, healthcare, and ICT end use. Thus, key companies are looking to diversify their offerings to gain an early mover advantage in this space.

Competitive Landscape

Prominent photonic packaging manufacturers are Aim Photonics, boschman, Fiberoptics Technology Inc, IBM, Inphotec, Juniper Networks, Keysight, MSRI Systems, PHIX, Technobis, Tyndall National Institute, and VLC Photonics.

The clear trend is for more compact photonic packaging designs with higher levels of integration (MEMs and electrical), effective and ideally passive thermal stabilization, and lower insertion loss. To solve this challenge, companies in photonic packaging are transforming towards developing scalable and standardized solutions from a legacy of individually customized prototypes. All in all, this will create higher relative profit margins in the optical packaging market.

In Sept 2020, MRSI Systems, in its new offering, introduced ‘MRSI-S-HVM’. It has features such as wafer-level packaging, co-packing photonic and electronic chips, and a flexible 0.5 micrometer die bonder for silicon photonics.
In January 2022, Phix, a photonics packaging business, and Nanoscribe announced a cooperation to offer the photonic packaging industry on-fiber printing services. Phix is using this new technological method to produce standard lensed fibre arrays using Nanoscribe’s nano-precision alignment capabilities with new high-performance 3D microlens printing technology (LFAs).

October 2023 Sets Record Low for U.S. Imported Bare Printed Circuit Boards at $189M

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