Why is the electronic components industry growing rapidly?

Electronic components manufacturing industry is an important part of the electronic information industry, is the basis for the development of communication, computer and network, digital audio and video systems and terminal products, its technical level and production capacity directly affect the development of the entire industry, for the electronic information industry, technological innovation and bigger and stronger has an important supporting role.

Electronic components industry definition refers to electronic components and electrical small components of machines and instruments, which itself often consists of a number of parts, can be common in the same kind of products; often refers to the electrical, radio, instrumentation and other industrial parts of certain parts, such as capacitors, transistors, swim wires, clockwork and other sub-devices of the general term.

Electronic components downstream applications are very wide, almost involving all industrial sectors of the national economy and all aspects of social life, including both electric power, machinery, mining and metallurgy, transportation, chemical, light textile and other traditional industries, but also covers aerospace, laser, communications, high-speed rail transit, robotics, electric vehicles, new energy and other strategic emerging industries.

According to the Foresight Industry Research Institute “China’s integrated circuit industry market demand forecast and investment strategic planning analysis report” data show that the total output value of the electronic components manufacturing industry accounts for about one-fifth of the electronic information industry, electronic components industry has become an important basis for supporting the development of China’s electronic information industry.

Electronic components industry is located in the middle of the industry chain, between the electronic machine industry and electronic raw materials industry, its development, the technical level and production scale, not only directly affects the development of the entire electronic information industry, and the development of information technology, transformation of traditional industries, improve the level of modern equipment, and promote scientific and technological progress are of great significance.

Along with the international manufacturing industry transfer to China, the electronic components industry in mainland China has been developing rapidly. From the segmentation point of view, with the development of 4G, mobile payment, information security, automotive electronics, Internet of Things and other fields, the integrated circuit industry has entered a period of rapid development; in addition, the scale of the LED industry is also expanding, the semiconductor field is becoming increasingly mature, panel prices have stopped falling, slightly improved demand relations, etc. have brought a broad space for the development of the industry.

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