What can be found in this month's Newsletter?:
- What has been happening in the industry this month?
- What are this month's opportunities?
- Market and Sector Valuation
- Employee of the Month - August 2023
Industry News:
Bosch Completes Acquisition of TSI Semiconductor Assets - Bosch has completed the acquisition of the assets of US chipmaker TSI Semiconductor, following the announcement in April 2023 that they were looking to make the move in order to expand their semiconductor manufacturing capacity.
GlobalFoundries to invest $8 Billion into Dresden Fab - GlobalFoundries are planning to invest up to $8 billion into their Dresden chip manufacturing plant, with the aim of doubling production capacity.
WT Microelectronics to Buy Future Electronics for $3.8 Billion - WT Microelectronics have signed an agreement to buy Future Electronics, the Canadian Electronic Component Distributor, for a fee of $3.8 billion. Future Electronics currently operates in 47 countries and generated $2.9bn in revenue in the first half of 2023.
Global Foundries Opens $4 Billion Chip Fab in Singapore - GlobalFoundries has opened a $4 billion semiconductor fab at its existing Singapore campus as part of its global expansion efforts. The facility is 23,000 square meters and is expected to create around 1,000 new jobs.
Micron Break Ground on $2.7 Billion Indian Chip Packaging Fab - Micron Technology has broken ground on a chip assembly and test facility in Sanand, Gujarat, India, with an estimated investment of around $2.75 billion.
Arduino Raises $22m to Increase Embedded AI and Expand US Growth - Arduino has announced that it has completed a $22 million investment round, taking its Series B funding to $54 million.
Opportunities:
UK Sales Opportunities:
(NEW) Business Development - Up to ￡60k / UK and Ireland
(NEW) Regional Business Manager - Up to ￡45k / South East
(NEW) Regional Business Manager - Up to ￡45k / South East
Business Development Manager - Up to ￡50k / North UK
(NEW) Business Development Manager - Up to ￡ / Remote
(NEW) - Field Sales Account Manager - Up to ￡45k / South
(NEW) Technical Product Manager - Up to ￡50k / Remote
Supplier Marketing Manager - Up to ￡35k / Oxfordshire
Account Manager - Up to ￡45k / Midlands
Technical Sales - Up to ￡35k / Warwickshire
Internal Sales - Up to ￡35k / East Hampshire
Internal Sales - Up to ￡30k / Remote Ideally North Yorkshire
UK Engineering Opportunities:
(NEW) Field Application Engineer - Up to ￡60k / UK and Ireland
Solderer - Up to ￡28k / Bedfordshire
EU Sales Opportunities:
(NEW) Area Sales Manager - Up to SEK 60 / Sweden
(NEW) Area Sales Manager - Up to DKK 45 / Denmark
Regional Sales Manager - Up to €110k / DACH Region
Regional Sales Manager - Up to €80k / Italy
Regional Sales Manager - Up to €80k / Covering Iberia based in Toulouse
EU Engineering Opportunities:
(NEW) Field Application Engineer - Up to €65k / Finland
US Sales Opportunities:
Sales Account Manager - Up to €100k / Remote
(NEW) Senior Account Manager - Flexible Salary / Remote Working
(NEW) Senior Account Executive - Flexible Salary / Remote Working
(NEW) Sales Executive - Flexible Salary / Remote Working
Top 10 Market :
The Electronic Component industry supports a wide range of markets and sectors, all with varying demands and requirements. Here is a closer look at the top 10 key markets within the industry:
- Consumer Electronics/Appliances: This is one of the largest markets for electronic components, encompassing products like smartphones, tablets, laptops, televisions, gaming consoles, and home appliances. The growth of this market is a result of the rapid technology advancements as a result of connectivity becoming the central theme in consumer electronics with the number of connective devices being projected to reach 29.34 billion by 2030 in comparison with 15.14 in 2023. This has led to companies expanding their product lines to ensure they can tailor their products to include the latest technology as well as supporting them in the globalization of their products which is allowing them to enter emerging markets such as Asia and Africa which have recently become significant growth to this market. Components in Demand: Microprocessors, Memory Chips, Sensors, Displays, and Batteries.
- Automotive: The automotive industry relies heavily on electronic components for vehicle control systems, infotainment systems, safety features, and electric vehicle (EV) technology, as a result, the adoption of electric vehicles, autonomous technology and changing consumer preferences has led to those within this sector to focus on innovation in order to keep up evolving customer demands. Most recently, this can be seen through the development of self-driving cars with new car sales expected to reach 58 million by 2030 and 26% of new car sales globally expected to be electric vehicles. Components in Demand: Microcontrollers, Sensors, LED Lighting, and Power Electronics.
- Industrial and Manufacturing: Industrial applications require robust and reliable electronic components for automation, control systems, robotics, and machinery which has become increasingly important. Recent years have seen manufacturers developing plans to help avoid disruptions, especially following the effects of COVID-19 which led to multiple companies losing out on revenue due to supply chain issues leading to longer lead times. This led to multiple companies looking at alternative manufacturing solutions such as relocating their manufacturing to Europe and the US in order to build up supply chain resilience (This has been explored further in the June 2023 Newsletter). Components in Demands: Sensors, Connectors, and Power Management Devices.
- Aerospace and Defence: This sector relies on high-reliability components that can withstand extreme conditions and is still a prominent market/sector due to continuous innovation, strategic partnerships and government investments; playing a crucial role in national security, technological advancements and space exploration has led to this becoming a dynamic and forever evolving industry. It was reported that the industry accumulated revenues of $741 billion in 2022 (up just 3% from 2021) and $67 billion in operating profit (up 8%), according to PwC analysis. Components in Demand: Microelectronics, RF/Microwave Components, and Ruggedized Connectors.
- Telecommunications: The telecommunications market continues to evolve in response to technological advancements, changing consumer behaviours, and the demand for faster and more reliable connectivity. As 5G networks mature and new applications emerge, the industry is poised for further growth and innovation leading to companies evolving their business models to ensure they can keep up with demand and ensure they can remain competitive within the market. Components in Demand: RF/Microwave Devices, Optical Components, and High-Speed Data Connectors.
- Medical Devices: The healthcare industry is dynamic and continually evolving to meet the changing needs of patients and advances in medical science and technology. As the industry continues to grow, it presents opportunities for innovation, investment, and improvements in patient care; this can be seen through the market projections with the global medical devices market size being valued at $512.29 billion in 2022 & and projected to grow from $536.12 billion in 2023 to $799.67 billion by 2030. Components in Demand: Sensors, Microcontrollers, Imaging Components, and Diagnostic Equipment.
- Energy and Power: The energy and power market is at the forefront of global efforts to address climate change and transition to a more sustainable energy future. As technology advances and policies evolve, the industry will continue to experience dynamic growth and transformation. In the energy sector, electronic components are used in renewable energy systems, power distribution, and control systems.
- Components in Demand: Power Electronics, Capacitors, and Transformers.
- IoT (Internet of Things): The number of IoT devices worldwide is forecast to almost double from 15.1 billion in 2020 to more than 29 billion in 2030 with the highest number of devices being found in China with around 8 billion consumer devices highlighting how the IoT market has seen explosive growth in recent years. This is due to the increased number of diverse applications like smart homes, industrial automation, healthcare etc. with a key example being the Industry 4.0 technology which has enabled B2B companies to maintain direct connections to their products in the field. Another reason for the growth in this market is due to the economic impact and global reach this market has on driving job creation, new business models and revenue opportunities for companies, for example in 2018 the world economy benefitted by $175 billion from the productivity benefits to businesses from the use of IoT. Components in Demand: Sensors, Wireless Communication Modules, and Energy-Efficient Components.
- Semiconductor Manufacturing: The semiconductor manufacturing market plays a pivotal role in the technology ecosystem, supporting the advancement of various industries. As technology continues to evolve, the industry will likely experience ongoing changes and innovations highlighting how it remains one of the most prominent markets within the industry. Components in Demand: Wafer Fabrication and Testing Components.
- Computing and Data Centers: The computing and data centres market continues to evolve to meet the growing demands of businesses, governments, and consumers for computing power, storage, and data processing capabilities. Advances in technology and the ever-increasing reliance on digital services ensure that the market will remain dynamic and competitive. In 2021, there were 209 data centre deals, with an aggregate value of more than $48 billion, up some 40 per cent from 2020, when the deals were worth $34 billion. In the first half of 2022, there were 87?deals, with an aggregate value of $24 billion. From 2015 to 2018, private equity buyers accounted for 42 per cent of the deal value. Their share increased to 65 per cent from 2019 to 2021 and to more than 90 per cent in the first half of 2022.Components in Demand: Energy-Efficient Components.
Employee of the Month - August 2023
Employee of the Month for August 2023 is...
Marcus Jacques
!!!
Marcus has been managing his desk amazingly well and has been more clinical with closing his current placements and supporting the growth of the business!
For more information about MR-Solutions or to speak to a member of the team, get in touch, our details are down below! ????
MR-Solutions Ltd -?+44 (0)1908 752 080
MR-Engineers -?+44 (0)1908 014 437
