The Global Market for Electronic Components is Projected to Reach US$233.1 Billion by 2020

Developments in Smart Electronics Drives the Electronic Components Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Electronic Components. The global market for Electronic Components is projected to reach US$233.1 billion by 2020, driven by rapid developments in smart electronics in various sectors such as automotive, healthcare, and industrial and consumer electronics.

Electronic components find use in increasing electrical junction or interconnection in almost all electronic equipment; and hence, their demand is influenced by trends in major end-use sectors. Positive macro-economic factors including optimistic outlook for the global economy, encouraging GDP forecasts, rising manufacturing and industrial activity, and stable business confidence indices among others are expected to drive growth in major end-use markets such as telecommunications, computing and consumer appliances, in turn creating tremendous opportunities for electronic components. High growth in other electronic market segments such as medical electronics, automotive electronics, marine electronics, and defense and aerospace electronic equipment is poised to amplify the market opportunities for electronic components in the upcoming years. Similarly, rising focus on automation in industrial environments in the form of electronics-based machine tool equipment, material handling & packaging machinery, food processing systems, HVAC etc. is expected to improve the demand for electronic products and components. Growing inclination towards building and home automation, positive upward trend in rolling out and remodeling of transportation infrastructure, and increasing focus of governments and power companies across the world on quality power generation and efficient power transmission & distribution are expected to infuse new demand for electronic solutions in the foreseeable future.  

Consumer electronics industry is a major end-use market for electronic components and therefore the recent spurt in demand for electronic devices, particularly in developed markets, is lending significant traction to the global electronic components market. With electronic device manufacturers increasing their production capacity in order to meet the growing demand for these devices, demand for electronic components used in their manufacture is poised to witness significant growth. The unprecedented surge in global demand for mobile handsets and rising adoption of sophisticated smartphones across major countries is contributing to growth in demand for electronic components used in manufacture of these devices. From air bags to audio systems and gaming consoles to the convergence of information and entertainment, infotainment, the automotive end-use market witnessed sea changes in technology development and evolution over the past several years. This is in turn leading to significant growth in demand for electronic components, such as capacitors and transformers that find use in air bag system manufacture. However, the global electronic components market faces several challenges at local, national and international levels. Key challenges include counterfeit products, regulatory issues, raw material prices and availability, and declining margins, which negatively affect future prospects of the market.  

As stated by the new market research report on Electronic Components, Asia-Pacific represents the largest as well as the fastest growing market worldwide, with a projected CAGR of about 7.4% over the analysis period. Segment wise, Connectors, Printed Wiring Boards (PWBs), Resonators and Capacitors represent some of the largest and fastest growing product segments in the market.

Major players in the marketplace include ABB, ABRACON CORPORATION, Acme Electric, Aleph America Corporation, Alps Electric Co. Ltd., Alstom Signaling Inc., American Electronic Components Inc., Amphenol, API Technologies Corp., AVX Corporation, Datronix Holdings Ltd., Delta Electronics Inc., Eaton Corp., ELECTRONICON Kondensatoren GmbH, Electronic Relays (I) Pvt. Ltd., FCI Electronics, Fujitsu Component Limited, Gilard Electronics Pvt. Ltd., Hamlin, Hammond Mfg. Co. Ltd., Hitachi AIC Inc., Ibiden Co. Ltd., JST Mfg. Co. Ltd., Jyoti Ltd., KEMET Corporation, Kyocera Corporation, Microsemi Corporation, MITSUMI ELECTRIC CO. LTD., Molex, Murata Manufacturing Company, Ltd., Namolectric Controls, NEC TOKIN Corporation, Nichicon Corporation, Nippon Chemi-Con, Nippon Mektron Ltd., Omron Corporation, Panasonic Corporation, Pran Electronics Pvt. Ltd., Payton Group, Pulse Electronics, Rubycon Corp., Samsung Electro-Mechanics, Schneider Electric SA, Shenzhen Click Technology Limited, Shenzhen Sunlord Electronics Co. Ltd., Shoulder Electronics Limited, SiTime Corporation, Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity Ltd., Teledyne Technologies Inc., Token Electronics Industry Co, Ltd., Unimicron Corporation, Vanlong Technology Co, Ltd., Vishay Intertechnology Inc., Walsin Technology Corporation, Xiamen Hongfa Electroacoustic Co. Ltd., Xiamen Golden-Switch Electronics Co. Ltd., Yageo Corporation, Yazaki Corporation, and Yueqing Meishuo Electric Co. Ltd.

The research report titled “Electronic Components: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, & Rest of Europe), Asia-Pacific (China, South Korea, Taiwan and Rest of Asia-Pacific), Latin America and Rest of World. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.