PUBLISHER: The Business Research Company | PRODUCT CODE: 1274457
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274457
“Electrical And Electronics Components Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electrical and electronics components market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electrical and electronics components? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electrical and electronics components market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the electrical and electronics components market are Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments Inc., Toshiba Corp., Panasonic Corporation, Infineon Technologies, Advanced Micro Devices Inc., Intel Corp., Maxim Integrated, Broadcom Inc., Qualcomm Inc., Analog Devices Inc., Microchip Technology Inc., Monolithic Power Systems Inc., Renesas electric Corporation and API Technologies.
The global electrical and electronic components market is expected to grow from $53.93 billion in 2022 to $60.48 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrical and electronic components market is expected to reach $92.35 billion in 2027 at a CAGR of 11.2%.
The electrical and electronics components market consists of sales of resistors, capacitors, inductors, and diodes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Electrical and electronic components refer to any fundamental discrete device or physical object in an electronic system and a building blocks of an electronic circuit. These are used in various industries that require electronic components.
North America was the largest region in the electrical and electronics components market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of electrical and electronic components are passive, active, and electro-mechanic. Active electric components include semiconductor devices such as integrated circuits, diodes, and transistors make up active components. These are used by various end users such as consumer electronics, networking and telecommunication, automotive, manufacturing, aerospace and defense, healthcare, and other end users.
The rising penetration of smartphones is expected to propel the growth of the electrical and electronics components market going forward. Smartphones are portable handheld devices used for various functions. In recent times, consumers have had access to a wide range of gadgets for entertainment and shopping, including laptops, and smartphones which increased the demand for smartphones, which in turn increased the demand for electronic components used in smartphones. For instance, in 2022, according to the recent data published by Obrelo, a Lithuania-based e-commerce website, 96.1% of consumers would own a mobile phone. Tablets are the third most common electronic gadget, with 34% of people globally owning at least one, followed by laptops and desktop computers owned by 59% of global consumers. Hence, the rising penetration of smartphones drives the electrical and electronics components market.
Technological advancement is a key trend gaining popularity in the electrical and electronics components market. Major companies operating in the electrical and electronics components market are focused on developing new technological solutions to strengthen their position in the market. For instance, in March 2022, Odyssey Semiconductor Technologies, Inc., a New York-based semiconductor manufacturing company, developed advanced vertical GaN power field-effect transistors (FETs). These transistors combine SiC's higher voltage rating with GaN's excellent conversion efficiency would result in ground-breaking performance for the most demanding applications by providing industry-leading efficiency that has been validated with its approach at a 700 V rating that exhibits very low gate leakage and can be operated in a mode where they are normally "off".
In January 2022, YAGEO GROUP, a Taiwan-based electronics company acquired Chilisin Electronics Corp. for an undisclosed amount. With this acquisition, Chilisin expands its portfolio of inductors, power transformers, RF components, and ethernet transformer products. inductors, power transformers, RF components, and ethernet transformer products is a Taiwan-based manufacturer of electrical and electronic components.
The countries covered in the electrical and electronics components market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The electrical and electronic components market research report is one of a series of new reports from The Business Research Company that provides electrical and electronic components market statistics, including electrical and electronic components industry global market size, regional shares, competitors with electrical and electronic components market share, detailed electrical and electronic components market segments, market trends and opportunities, and any further data you may need to thrive in the electrical and electronic components industry. This electrical and electronic components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.