Impact of COVID-19 on the Astable Multivibrators Market
An astable multivibrator follows the two-stage switching circuit principle, i.e., the input of the second stage depends on the output of the first stage. The astable multivibrators market witnessed an estimated CAGR of 7 percent in 2018. COVID-19 has spread to almost 100 countries globally. The World Health Organization declared COVID-19 as a global health emergency in March 2020. The impact of the coronavirus outbreak has affected the global astable multivibrators market significantly. The global economy has been impacted negatively, resulting in a gap between production and demand, financial market instability, and supply chain disruptions, in turn, hampering the production and sales of astable multivibrators.
According to a report by IPC, a global electronics manufacturing trade association, the lockdowns imposed across countries may cause up to a five-week delay in product shipment. Further, in the case of China and some other countries, the delays have been near-impossible for the manufacturers to manage. Based on their survey, it is estimated that nearly two-thirds of the members estimate a three-week delay, while in the case of electronics manufacturers, it can extend even more. The delays are being caused due to the limits placed on logistic movement and the temporary factory closures. These factors are estimated to have a sustained impact on the market during the remainder of 2020. The extended lockdowns and the rapid spread of COVID-19 will continue to affect the market by creating serious supply chain disruptions. China is a raw material hub for electronics manufacturers. Due to COVID-19, there will undoubtedly be some delays in the design and development of astable multivibrators since the manufacturers are not able to procure the required components. MRF predicts that the demand for astable multivibrators is expected to bounce back to its initial state in 2021 and record an average growth rate in the last quarter of 2020. The demand is likely to recover gradually as the lockdowns are being lifted in a phased manner.