Since last year, the passive component items that are relatively out-of-stock are the products with relatively low unit price and technical threshold in the past. After the nightmare of overnight expansion of product quotations resulting from the substantial expansion of the manufacturers, the expansion in recent years has been quite cautious. Most of them only carry out expansion of 5-10% against niche products every year, and the industrial order is improving. This year the situation will also remain the same. There will be no worries that the supply side will launch a large number of new production capacity.
In recent years, the impact of supply and demand reform in the Mainland has also been impacted. Some of the more energy-intensive and highly-polluting industries are limited in production. For instance, the production capacity of high-power-consumption electrolytic aluminum foil is under strain. At the end of last year, Under, making some resistance manufacturers reduced production capacity.
It is expected that the implementation of relevant environmental protection policies will be more stringent this year. Therefore, under the influence of the insufficient supply of raw materials and the restrictions of some processes, the shortage of supplies will also be aggravated.
In the future, with the increase of various emerging applications and the improvement of the terminal product specifications, the demand for passive components will continue to increase. As product functions become more complicated and diversified, the power consumption will also increase accordingly. Therefore, More passive components to regulate, steady flow, filter noise, etc., in order to maintain the normal operation of the terminal device.
For example, a traditional car uses about 1,000 to 2,000 passive components. When it enters the networking car era, the estimated 5,000 to 10,000 passive components will be used. The demand will grow at double speed. Therefore, in the future of automotive electronics / Under the gradual fermentation of the trend of electric vehicles, industrial 4.0, high-standard mobile phones and cloud computing, the demand for passive components will continue to increase. The annual increase of 40% in the automotive market and the 30% increase in the annual demand in the industrial market, Increase in demand 10 ~ 15% and so on.
Overall, it is expected that the market demand for passive components will continue to grow larger than the increase in supply this year and will continue to be in short supply. The profit-taking performance of MLCCs, chip resistors and other manufacturers is still expected to improve significantly from 2017.
The solid capacitors, inductors and other products, although no more obvious out of stock, but because of its unit price, technical threshold, a higher degree of customization, the overall market demand will also benefit from the upgrade, long-term profit performance remains optimistic.