ECIA Hosts World Passive Component Trade Statistics Meeting

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Atlanta, GA – The 2018 World Passive Component Trade Statistics Meeting, held in Atlanta, Georgia on June 13th and 14, brought together three regionally operated trade associations whose legacy organizations (EPCIA, JEITA, and ECIA) have been publishing global statistics for passive components for more than 30 years. The forum rotates regionally every two years, providing an on-going refresh and review of processes, practices and procedures to continuously assure legal and regulatory compliance at every step. The WPTS statistics programs are recognized worldwide for accuracy, quality of data, and industry participation.

Attendees were manufacturers of passive components and presentations covered a range of issues including a presentation from Dr. Phillip Lesner, Chief Technology Officer of KEMET, who spoke on the Impact of the AI Market and Big Data on Passive Components. Dennis Zogby, president, and CEO of Paumanok Publications, Inc., a market research company located in North Carolina, presented the results of his research on current market conditions and the future outlook for passive components, with emphasis upon MLCC and Thick Film Chip Resistors. There were presentations from both Europe and Japan on the current and future outlook for passive components in their respective markets.

“The WPTS meetings provided great insight into the global passive component market,” commented attendee James Mullane, COO of Stackpole Electronics Inc. “It was very interesting to hear the perspective from the different regions, to understand the common problems and opportunities that we are all facing, and to learn about the unique challenges of each market.”

“We are very pleased at the high level of engagement from the industry to facilitate solutions to very real issues like component shortages amid exploding demand for passive components,” explained Jim Bruorton, ECIA’s Vice President of Industry Statistics and Business Analytics. “ECIA’s global connections bring a broader perspective for our members, enabling a quick and effective response to international challenges.”

ECIA thanks the generous sponsors of this event: Murata, KEMET, EPCOS, a TDK Group Company, Vishay and Cornell Dubilier.

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