Innovation drives sustainability in electronic component manufacturing
The market for electronic components is developing into a single entity with significant potential for the emerging trend of globalization. Unfortunately, the industry seems to run into serious challenges along with that fostering achievements. As a result, encouraging innovation in the electrical component production is absolutely essential to maintain sustainability. The material in the article below thus can be beneficial in informing about the most recent advancements in the production of electrical components manufacturing that support long-term viability and reduce negative impacts. At the same time, it also opens up chances for collaboration, knowledge exchange, and access to the suitable manufacturing trend of electrical components assembling for the business’s operations.
1. Factors and challenges driving new trends in this market
1.1. Factors driving the market trend of electronic components manufacturing
It is important to note that the development of the newest electronic component has been influenced by the quick advancements in IoT, AI, wireless technology, and wireless charging. In addition to inventing new items, these advancements aid in improving manufacturing efficiency and raising product quality as well.
The majority of industrial industries are also heavily utilizing digitization, which includes important themes like Industry 4.0, smart healthcare service, green engineering, 5G networks, and autonomous mobility. Nevertheless, such a scenario somehow also brings difficult problems with the size, power use, sensor communication, and computing.
1.2. Challenges for the electronic components manufacturing market
Over the next few years, energy consumption will be one of the biggest issues facing the manufacturing industry, especially with the growing portfolio of IoT devices.
The industry also faces greater concern for the environment and the need to reduce greenhouse gas emissions to help develop new components that address these concerns. The three main development trends include: GaN Energy Equipment, Battery Management Systems for Electric Vehicles (EVs) and Energy Harvesting; to respond to two major challenges, namely reducing power consumption and improving efficiency.
2. The 5 innovations in electronic component innovation
2.1. GaN Source Device
GaN is a material with broadband (WBG), higher performance, and better thermal management than silicon (Si). RF devices and GaN sources are making strides in 5G networks and applications above 6GHz and millimeter wave. GaN can also replace MOSFETs and IGBTs in industrial motor control.
The GaN market is expected to reach over USD 617.8 million by 2027 with a compound annual growth rate of 69% during 2021-2027. GaN fast chargers for mobile devices are also being developed with energy savings of up to 40% compared to silicon solutions. Improvements in efficiency, scale, integration, and cost of the GaN market are all expected in the future.
2.2. EV Battery Management System
Electric car batteries or rechargeable battery packs are managed and monitored by an entity called a BMS (Battery Management System). Cell balancing, protection, and reporting of the battery’s state are all functions of the BMS. BMS aids in energy conservation and battery performance enhancement in addition to assuring safety.
By 2027, the BMS market is anticipated to grow to $10.8 billion, from $7.9 billion in 2020. By 2030, major manufacturers plan to produce between 40% and 50% of their yearly output as electric vehicles. Due to its simplicity, reduced cost, and capacity to increase driving range, industry insiders predict that wireless BMS (wBMS) will become a more prominent trend in the market for electric vehicles.
2.3. Energy collector
Energy harvesting technology is expected to grow more widely with the popularity of IoT devices, allowing electronic components to operate without batteries. Energy harvesting systems can be used as an independent source or as an auxiliary source for batteries.
The energy extraction system market is expected to reach USD 986.3 million by 2028, up from USD 488.3 million in 2021. IoT is the biggest growth driver for this market. The research companies will develop many new sources of energy harness, including those that can be used in wireless sensor networks to monitor the condition of machines. The system consists of many components, including sensors, sensor interface ICs, probes, power management ICs, and storage devices such as supercapacitors or small rechargeable batteries.
2.4. LiDAR in the car
LiDAR is the primary enabler technology and building block for self-driving cars. LiDAR sensors are expected to play an important role in ADAS and AV in the next 5 years. The automotive LiDAR market is expected to reach $2.0 billion by 2027.
Currently, the electronic components market is still very diverse with many different technologies. However, the latest LiDAR innovations focus on easier integration into vehicle systems and improved object detection. LiDAR innovators will continue to focus on improvements in reliable data extraction and easy deployment across vehicles.
2.5. Gas sensor
Traditional uses for gas sensors include environmental and medical monitoring. Applications for smart homes and smart cities employ gas sensors to monitor air quality. To increase accuracy and linearity, the new gas sensors use AI and machine learning algorithms. Gas sensors are being used in a lot of novel applications, such as monitoring wildfires and determining gas concentrations down to the billionth of a percent. However, standardization remains a challenge for the gas sensor industry.
3. NEPCON – The leading electronics exhibition in Vietnam
3.1. About NEPCON
NEPCON Vietnam is the leading exhibition in the field of electronics in Vietnam with its influence and large scale. The exhibition is organized by RX Tradex – one of the leading exhibition organizers in Asia.
This is where innovative ideas and the introduction of the most advanced technologies are concentrated. In more details, the mentioned event gives electronics producers the chance to network with new partners and look for cutting-edge solutions because more than 300 industry names are taking part.
3.2 Introduction of NEPCON’s theme “Electronics Industry Innovation Trends – The Future of Global Supply Chain” 2024
NEPCON Vietnam 2024 will focus on the theme “Electronics Industry Innovation Trends – The Future of Global Supply Chain”. This topic will focus on new trends in the electronic component manufacturing industry and the latest innovative solutions.
NEPCON Vietnam 2024 provides an opportunity for experts and entrepreneurs to meet, exchange, learn about the latest trends and orientations for the future of the electronics industry. In addition, this event also helps businesses find potential partners and update the latest products and technologies from leading brands in the world.
Innovation in electronic component technology plays an important role in promoting sustainability in this industry. With the participation of hundreds of enterprises and leading experts in the industry, NEPCON Vietnam 2024 is a great opportunity to explore the latest innovations in electronic component production line for businesses to expand their affiliate networks as well as increase their competitive advantages in the market.
