Original title: Analysis of the development status and competitive landscape of the global and Chinese passive component industry in 2022, strong demand in mainland China "picture"
1. Overview of the passive component industry
1, classification
According to whether the material molecular composition and structure change in the component manufacturing process, electronic components can be roughly divided into components and devices. Components are products that do not change molecular composition and structure during processing, including resistor , capacitor , inductor , potentiometer , transformers, connectors, printed circuit boards, etc.; devices are products that change molecular composition and structure during processing, mainly various semiconductor products, such as diode , transistor , field effect transistors, optoelectronic devices, integrated circuits, etc. Passive components are indispensable basic components and the cornerstone of the electronics industry. Because of its small size, it is often called "Rice of Electronics". Among passive components, capacitors, resistors and inductors are the three most widely used passive components.
Category of passive components
Source: Public information sorting
2, sales model
The sales method of electronic components is mainly sold by authorized agents, small trade distributors, independent distribution, and original direct sales paths. As the mainstream sales model in today's market, its target customers are generally large and medium-sized production companies, independent distributors and traders. Its performance in product quality, technical support, supply and financial support is also its main advantage. At the same time, because agents are subject to the original factory, their flexibility is not as flexible as independent distributors and small traders.
Comparison of electronic components sales models
Source: CNKI, compiled by Huajing Industry Research Institute
2. Related policies of the electronic components industry
China's national defense policy has shifted from the past " strengthening the military goal steadily advances" to "preparing for capacity building", and national defense construction will usher in a new round of accelerated development. In recent years, the national strategic plan has focused on the realization of core devices and key materials for independent controllable , improving the independent research and development of high-end new technologies and advanced processes, getting rid of the situation of relying on imports of key electronic components, and accelerating the improvement of the level of domestic production. The State Council clearly pointed out in the National Action Program of " Made in China 2025" that by 2025, 70% of electronic core basic components and key basic materials must achieve independent guarantees. The independent and controllable supply of key electronic components has become an inevitable choice to ensure the safety and integrity of my country's electronic components industry chain. Since 2021 alone, the state and various ministries and commissions have issued a number of relevant industrial policies to encourage and support the independent control of core electronic components.
Policies related to electronic components since 2021
Source: Public information sorting
3. Passive component industry chain
Different from active components that pursue process and iterate quickly, the passive component production process is relatively simple and the investment scale is relatively small. Passive component companies adopt the independent production model, similar to the IDM model of semiconductor chip enterprises. The electronic components industry is between electronic raw materials and the whole machine industry. The raw materials are magnetic core , enameled wire , skeleton and some auxiliary materials. The products are used in consumer electronics, automotive electronics, industrial control, aerospace and military industries, etc. The technical level and production capacity of components directly affect the development of the entire electronics industry, so they play a crucial fundamental role.
Passive components industry chain diagram
Source: Public information compilation
MLCC is one of the largest and fastest-growing chip electronic components varieties, and continues to benefit from the high downstream demand and the wave of domestic production. As of the end of 2020, my country has become the world's largest MLCC market, with demand accounting for 40%.The size of my country's MLCC market increased from 25.72 billion yuan in 2016 to 43.82 billion yuan in 2019, with a compound growth rate of 19.4%. In 2021, China's MLCC market size reached about 48.35 billion yuan.
2016-2021 China's MLCC market size and growth rate
Source: China Electronic Components Industry Association, compiled by Huajing Industry Research Institute
IV. Analysis of the current development status of the passive component industry
html l01, market sizeFrom the perspective of the global major passive component market size, the global passive component market size in 2021 was US$32.77 billion, and is expected to reach US$42.82 billion by 2027, with a compound annual growth rate of 4.56% from 2021 to 2027, of which capacitor sales revenue was US$16.1 billion, inductors were US$6.9 billion, and resistors were US$6 billion.
2019-2021 global major passive components market size
Source: household application factory, compiled by Huajing Industry Research Institute
2, demand scale
Similar to Taiwan, mainland manufacturers benefit from the new round of global production capacity transfer and strong government support. The difference is that the mainland has the largest market in the fields of consumer electronics, automotive electronics, communications, etc., and has become a highly anticipated new force. According to statistics, the scale of passive components demand in my country reached US$14.6 billion in 2021, and increased by 8.96% year-on-year.
2019-2021 Passive component demand scale in major regions of the world
Source: household application factory, compiled by Huajing Industry Research Institute
3, passive component delivery data and price trends
Overseas leading component manufacturers all have a very large product line and never focus on a certain product. This is because different component products are similar, so when manufacturers accumulate strong strength in a certain component field, they can extend their market size by relying on technical accumulation. According to statistics, in Q1 2022, the delivery time of overseas leading companies was basically the same, a small number of products rose during delivery, and the price trend was basically stable.
2022 Q1 passive component delivery data and price trends
Source: head find electronics ltd, compiled by Huajing Industry Research Institute
5. Analysis of the competitive landscape of the passive component industry
1, global pattern
Although Japan's consumer electronics, home appliances and other industries were impacted by the United States, South Korea and Taiwan after the 1990s, the electronic component industry was able to stand invincible with its strong technical barriers, forming Kyocera (Kyocera), Murata (MuRata), Panasonic (Panasonic), and Taiyo (Taiyo) Yuden), TDK, Fujitsu (Fujitsu ), Hitachi (HITACHI), Xingya (KOA), Rohm (Rohm) and other industry leaders. The reason is that on the one hand, Japanese companies have extended to upstream material technology with their craftsman spirit of striving for excellence and their continuous accumulation of production processes, and digging deep into moats. On the other hand, relying on the downstream support of high-end and sophisticated enterprises, Japanese companies are actively deploying high-end fields such as automotive electronics, robotics, aerospace, etc., and constantly improving production with the help of strong industrial demand.
Global passive component competition pattern analysis
Source: Public information sorting
2. Domestic passive component companies' revenue growth is rapidly
From the perspective of the revenue trend of major passive component listed companies in China, from 2011 to 2021, the revenue of major passive component manufacturers in mainland China continued to rise. In addition to being affected by external adverse factors in the short term, the overall growth trend was accelerated.
2011-2021 Revenue of major passive component companies in China continued to rise
Source: Company announcements, compiled by Huajing Industry Research Institute
6. Analysis of the development trend of the passive component industry
1. 5G mobile phone functions diversification drives passive components to miniaturization and high capacity
As consumer electronics becomes increasingly thin, more electronic components must be implanted in the shrinking mobile phone body, requiring components to develop towards miniaturization. According to statistics, in recent years, the proportion of 0201-inch components has been increasing and gradually replaced 0402-inch has become the mainstream. In the future, it will develop towards smaller sizes 01005 and 008004-inches.
is a matching terminal's increasing functions, with increasing battery capacity and increasing charging power, requiring capacitors to develop towards a trend of large capacity and high voltage withstandness. It is expected that the capacitance of high-end smartphones will grow from 2000μF in 2015 to 4000μF in 2023, with a CAGR of 9.05%; the capacitance of medium-sized smartphones will grow from 1000μF in 2015 to 2000μF in 2023, with a CAGR of 9.05%
2, New energy vehicle driver capacitors will develop towards miniaturization and high reliability
Hyundai car 's demand for functions and security will drive the increase in MLCC usage, driving the development of on-board MLCC to large capacity, miniaturization, low inductance characteristics, high reliability and high voltage resistance. Under the trend of "Connectivity" (networking), cars will connect with people around them, other vehicles, transportation infrastructure, etc. with the help of 5G communication technology, and require high-quality and high-reliability MLCC to achieve corresponding functions. Under the trend of
"Autonomous" (automation), since the large amount of data collected by multiple sensors configured in various parts of the car need to be processed, the high-performance CPU and FPGA installed in the car will consume more power than the ECUs used in the past, so MLCC needs to develop towards large capacity and increase the number of use. Under the trend of "Sharing and Service", the daily working hours of cars will be extended from 4 hours to a maximum of 24 hours, which puts higher reliability requirements for MLCC. Under the trend of "Electric" (electrification), the demand for battery life has promoted the expansion of automotive battery capacity, and it is necessary to develop high-voltage charging technology to control charging time. At present, some advanced cars have actually configured 800V batteries, requiring the voltage withstandness of the capacitor to be adapted to
3. 5G base stations drive MLCC to develop to high quality and high reliability. The high-density networking and full-spectrum access of
5G will bring about an increase in the number of base stations and an increase in the complexity of base stations. In the future, the demand for MLCC by 5G base stations will greatly increase. The application environment of 5G base stations is harsh and requires MLCC to develop towards high quality and high reliability. Judging from the MLCC requirements of a single macro base station, the MLCC requirements of 5G base stations mainly come from the baseband processing unit (BBU) and the active antenna processing unit (AAU). Among them, BBU requires high-capacitance capacitors, and AAU has a large number of high-power high-Q capacitors. In addition, 5G needs to load more and higher frequency bands, the circuits in the base station will become more complex, and the requirements for MLCC reliability will also become higher
Original title: Analysis of the development status and competitive landscape of the global and China passive component industry in 2022, strong demand in mainland China "Picture"
Huajing Industry Research Institute conducted an in-depth analysis of the development status of China's passive component industry, the upstream and downstream industrial chains, competitive landscape and key enterprises, etc., to minimize corporate investment risks and operating costs and improve corporate competitiveness; and use a variety of data analysis technologies to predict the industry development trends so that enterprises can seize the market opportunities in a timely manner; for more detailed content, please pay attention to the "2022-2027 China Passive Component Industry Market Panoramic Evaluation and Development Strategy Planning Report" published by Huajing Industry Research Institute.
