Frost & Sullivan: Increasing Electrification of Consumer Goods Bolsters Printed Circuit Board Relays Market
As demand for high-performance relays grows, manufacturers to provide more advanced products
MOUNTAIN VIEW, Calif., Jan. 8, 2013 /PRNewswire/ -- The surge in electronic content in automobiles, as well as a heightened demand for consumer electronic products, especially from Asia, have created a robust market for printed circuit board (PCB) relays. Relays are an integral part of cell phones, personal digital assistants (PDAs), audio systems, along with other white goods, and are vital for power and signal transmission in automobiles. As such, the rising usage of electric and hybrid vehicles will provide a huge boost to the adoption of PCB relays.
New analysis from Frost & Sullivan (http://www.smt.frost.com), Comprehensive Assessment of the Global Printed Circuit Board Relay Market, finds that the market earned revenue of $2.39 billion in 2012 and is expected to reach $4.51 billion in 2019, at a compound annual growth rate of 9.5 percent.
If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
"As vehicle manufacturers continue to give priority to powertrain and engine performance, in addition to fuel efficiency, the demand for PCB relays is expected to remain steady," saidFrost & Sullivan Electronics Research Analyst Lavanya Rammohan.
Markets such as aerospace, defense and medical industries are heavy users for PCB relays. The growing use of high-reliability PCB relays in radars, weapons, and armed vehicles is spurring its adoption in the defense sector, while the commercial aerospace sector simultaneously demands both cutting-edge technology as well as rugged PCB relays. The medical industry is also a significant market for PCB relays for applications in ultrasound, scanning and x-ray applications.
Although the current uptake of electronics bodes well for the PCB relays market, the volatility in the overall demand of electronics affects forecasting and creates an imbalance in stocking. Therefore, economic downturns or slowdowns in customer orders reduce the sales volumes of PCB relays.
As such, PCB relay manufacturers have to strive to position themselves cleverly in an intensely competitive market. As manufacturers attempt to expand their product lines to ride through the tough market conditions, the market is expected to witness frenetic merger and acquisition activity.
"With advancements in technology, PCB manufacturers have to innovate to offer reduced switching times, increased efficiency, and superior safety features," said Rammohan. "Overall, escalating end-user demand for top performance, thermal dissipation, reliability, in conjunction with reduced prices will drive innovation in PCB relays and boost market growth."
Comprehensive Assessment of the Global Printed Circuit Board Relay Market is part of the Surface Mount Technologies Growth Partnership Services program. Frost & Sullivan's related research services include: World PCB Relays Market, EMS and ODM Market, World Inductor Market, and Connected Devices Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Comprehensive Assessment of the Global Printed Circuit Board Relay Market
Corporate Communications – North America
SOURCE Frost & Sullivan
More by this Source
Marketing Empowered Sales is a Necessary Reboot for an Aging Model, Finds Frost & Sullivan
Apr 17, 2014, 14:00 ET
CORRECTION: Frost & Sullivan: GIL University Global HQ Launched in Iskandar, Malaysia
Apr 16, 2014, 23:36 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.