© carabiner dreamstime.com Business | June 12, 2013
World relays market fell in 2012
After two years of double-digit growth, the world market for electro-mechanical and solid-state relays contracted by $125 million, or 3.6 percent, to approximately $3.35 billion in 2012, according to IHS/ IMS Research.
This represents the first decline since 2009, when well over a quarter of market revenues were lost. However, the drop in 2012 was far smaller in both magnitude and duration than in 2009. Growth is expected to return to all regional markets in 2013, which will result in global revenues increasing by 5.2 percent to reach $3.54 billion. The report—measuring automotive, industrial (socket mount), solid-state and PCB mount relay designs—found that the markets for these products retreated in all major regions in 2012. The Europe-Middle East-Africa (EMEA) territory showed the largest decline, down 6.2 percent, which far exceeded the 2.9 percent fall experienced in the Americas. But the largest reversal occurred in Asia-Pacific, where very high growth of more than 24 percent in 2011 was succeeded by a 2 percent loss overall in 2012. “Asian-based relay manufacturers were reporting domestic sales growth of more than 40 percent in Asia during 2011, which was far higher than in recent years,” said Robert Carter, switchgear analyst at IHS. “However, as industry levels cooled in 2012, particularly in China, demand fell so that this unprecedented growth was then followed by a decrease of up to 15 percent for these same companies.” Even so, the market downturn won’t last long. “Growth is expected to return in every regional market in 2013,” Carter said. “After this point, stabilized annual growth of around 2 to 3 percent in both EMEA and the Americas, along with a modest 6 to 8 percent expansion in Asia-Pacific, is expected to cause the market for relays to reach almost $4.5 billion by 2017.”
COVID-19 highlights the gravity of the secondary market for SME Cha Jin-Seok, Chief Financial Officer of SK Hynix, said it best in the company’s Q1 earnings call, “Because of a never experienced pandemic, even basic business activities such as maintaining normal operations and predicting future demand have become challenging tasks.”
GlobalFoundries to implement ITAR at US manufacturing facility GlobalFoundries plans to implement export control security measures at its most advanced manufacturing facility, Fab 8, in Malta, New York.
Rebound Electronics expands in Asia The independent supplier of electronic components says it is investing to increase its market coverage in Asia with the opening of several new offices and setting up a customer service & telesales centre.
Samsung expands foundry capacity with new production line Samsung Electronics says that it plans to boost its foundry capacity at the company's new production line in Pyeongtaek, Korea, to meet growing global demand for extreme ultraviolet (EUV) solutions.
Super Dry Totech expands Long Term Storage Solutions offering The most recent development for Super Dry Totech, is the acquisition of a new building to expand on capacity & to minimise risk by assuring continuity should a disrupting incident occur in one of the facilities.
Ynvisible acquires electrochromic display company rdot Printed electronics specialist, Ynvisible Interactive, announces that it will acquire the printed electrochromic displays business of rdot AB of Gothenburg, Sweden.
Manz receives follow-up order for display production equipment Manz says it has received an order with a total volume in the low double-digit million euro range for display production equipment.
Aehr Receives initial order from new customer for FOX-NP solution Aehr Test Systems says it has received orders from a new customer and their subcontract manufacturing supplier for a FOX solution including a FOX-NP full wafer test system, an initial WaferPak Contactor, and a FOX WaferPak Aligner to perform production qualification of their silicon photonics devices.
AIM names new director of product management AIM Solder has appointed Timothy O’Neill to the position of Director of Product Management.
Seoul Semi files patent suit against automotive LED light distributor Seoul Semiconductor says it has filed a patent infringement lawsuit in the United States District Court for the District of New Jersey against Onyx Enterprise Int’l Corp., a distributor of automotive components.
X-FAB expands foundry offering for silicon-based microfluidics In order to address heightening demands, X-FAB Silicon Foundries SE, has taken steps to simplify the integration of microfluidic elements with CMOS and SOI dies.
Renesas withdraw from LD/PD business and close production Renesas has decided to withdraw from the laser diode (LD) and photo diode/detector (PD) businesses, and to close the production line at its Shiga Factory, which manufactures compound semiconductor products.
TSMC confirms its intention to build new US fab The Semiconductor giant has announced its intention to build and operate an advanced semiconductor fab in the United States with support from the US government and the state of Arizona.
Flisom to set up shop in Hungary The Swiss solar technology company chose Kecskemét, Hungary as the location for its plant of industrial capacity.
VRG Earns ISO 9001:2015 Certification VRG Components, an independent distributor of electronic components, have been awarded the ISO 9001:2015 certification.Load more news