Hybrid Microcircuit Market to grow at a CAGR of 6.4%
The hybrid microcircuit market was valued US$ 6.3 Bn in 2020, and would grow by more than 6.4% CAGR. Hybrid microcircuit are electronic circuit consist of different types of discrete components and integrated circuits mounted on a Printed Circuit Board (PCB) or ceramic base. It consist of passive components like resistors and capacitors and semiconductors.
Hybrid microcircuit are majorly used in communications applications and military. It also used to build custom analog circuits such as amplifiers, modulators, and A/D and D/A converters.
According to latest research, hybrid microcircuit market is set to witness steady growth during 2021-2031. The market will show steady growth in coming years, owing to increasing demand for circuits in many of hazardous area applications.
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FACTS AT A GLANCE
Companies: API Technologies Corporation,TT Electronics Plc,Genus Power Infrastructures Ltd.,Hybrid-Tek. LLC,Esterline CMC Electronics Inc.,Cermetek,E-TekNet,Midas
Coverage: All major geographies and key segments
Segments: Type(Hermetic Packaging,Non-Hermetic Packaging); Applications(Aerospace & Defense,Automotive,Industrial,Consumer Electronics,Healthcare Power Generation,Oil & Gas)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
What is Driving Demand for Hybrid Microcircuit Market?
Modern hybrid microcircuits are able to perform under high temperature for longer periods of time and provides high tolerance in harsh environments. Thus due to ability to perform under high temperature hybrid microcircuits used in applications such as pressure control sensors, offshore safety control systems, Sound Navigation and Ranging (SONAR) systems, and aircraft altimeters & minesweeper.
This results in high level of market penetration of hybrid microcircuits. Thus increasing used of Modern hybrid microcircuits in various applications propels the demand for the hybrid microcircuits market.
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Increasing use of Hybrid Microcircuit in custom analog circuits such as amplifiers, modulators, and A/D and D/A converters is driving the adoption of Hybrid Microcircuit Market
The increasing adoption of hybrid microcircuits in industrial applications like solid state relays, DC/DC converters, and elevator controls is expected to fuel the demand for the hybrid microcircuits market in coming years. The adoption of hybrid microcircuits in case of professional electronics industries such as broadcast, defense, and instrumentation industries has been increased over the years.
This results in increasing demand for hybrid circuits in many of hazardous area applications. Thus it is expected to augment the demand for the hybrid microcircuits market in coming years.
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