The Global Market for Electronic Components is Projected to Reach US$191.8 Billion by 2022
Increased Indispensability of Electronics in Modern Life Coupled With Continuous Technology Advancements & Shorter Product Lifecycles Drive the Global Electronic Components Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Electronic Components market. The global market for Electronic Components is projected to reach US$191.8 billion by 2022 , driven by the increasing indispensability electronics in modern life; continuous development of consumer, industrial, medical, automotive and defense electronics; shorter product lifecycles and a parallel increase in opportunities in upstream supply chain. Electronic components have played significant role in the evolution of several path-breaking technologies that changed the world in the 21st century, including telephones and computers that have revolutionized the world of commun...