MARCH 20238PANORAMATOP THREE TRENDS RESHAPING THE ELECTRONIC COMPONENTS MARKETToday owing to rapid advances in IoT, AI, wireless technologies as well as wireless charging are some of the biggest drivers behind the development of new electronic components. These coupled with digitalization across several manufacturing industries with big trends such as Industry 4.0, smart cities, & health care, green engineering, 5G networks as well as autonomous mobility, there are complex challenges around size, power consumption, connectivity, sensor processing & even ease of implementation. Therefore, these are fueling some of the biggest component trends in the industry. However, over the next few years, one of the biggest issues not just the industry but also the world would face is energy consumption specifically with a increasing portfolio of Internet of Things devices. Furthermore, there is also a huge concern for the environment & the necessity for reducing greenhouse gases,
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