Hybrid Microcircuit Market 2022
The global Hybrid Microcircuit Market is slated to constructively grace the ICT vertical going forward. RPA (Robotic Process Automation) is expected to take the world by storm. Various functionalities like interpretation of applications, data handling, processing transactions, and, for that matter, even replying to the emails are getting automated, which help in reducing the downtime. This would be the renaissance witnessed due to ICT vertical all over.
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.
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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.
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.
Who are the Major Vendors of Hybrid Microcircuit Market?
Some of the leading vendors and companies of
API Technologies Corporation
TT Electronics Plc
Genus Power Infrastructures Ltd.
Hybrid-Tek. LLC
Esterline CMC Electronics Inc.
Cermetek
E-TekNet
Midas
Others.
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for Hybrid Microcircuit market.
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Furthermore, many companies are focusing on introducing new product to enhance their product offering.
For instance, In March 2021, TT Electronics launched two additional resistor types that expand and enhance its high reliability CR and HR series. These thick-film chip resistors smaller (0603) in size and thus offers opportunities for use in compact circuits.
Key Segments
By Packaging Type
Hermetic Packaging
Non-Hermetic Packaging
By High Density Interconnection (HDI) Substrate
Glass Fiber PCB
Thick Film PCB
Ceramic PCB
Others
By End-use Industry
Aerospace & Defense
Automotive
Industrial
Consumer Electronics
Healthcare Power Generation
Oil & Gas
Others
By Region
North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
UK
Germany
France
Italy
Spain
Benelux
Russia
Rest of Europe
East Asia
China
Japan
South Korea
South Asia & Pacific
India
Malaysia
Indonesia
Singapore
Australia & New Zealand
Rest of South Asia & Pacific
Middle East & Africa
GCC Countries
Turkey
South Africa
Rest of Middle East & Africa
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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