Global electronic components market is growing rapidly year-on-year witnessing a double-digit growth and demand for innovative electronic components with the use of next-generation technology. Globally Taiwan is a home to the world’s largest chipmakers, chip designers, suppliers of camera lenses, routers and other critical components used in mobile devices, laptops, connected vehicles, Internet of Things applications and others. The continuing improvement in the global economy is sure to encourage the growth in the consumer electronic components products. The introduction of innovative features in all the electronic products will demand for more sophisticated electronic components. China accounts for majority of outbound shipments of electronic components, flat panels and ICT products, and other components. The global electronics industry rises and falls according to many factors. The prediction for the electronics component market and for the electronics industry as a whole is dependent upon many factors.
The factors influencing the growth of the global electronic components industry are global political outlook, global economic conditions, and global banking. It is essential to understanding the predictions of the electronics component market along with many components distributors, manufacturers of electronic equipment and others handling the electronic components. Electronic components availability increases with inflation that enables manufacturers to keep production lines running whilst also keeping costs constant. Electronic components supply is influenced by the underlying global conditions and local conditions that enable distributors, component manufacturers, and equipment manufacturers to match demand and availability.
New growing electronics with automotive and new Internet of Things (IoT) are expected to grow significantly driving overall growth in the electronic components market such as mobile and fixed telecommunications, all computer devices and others accessories are well established.
Some study state that the overall global economy may be affected with the Trump effect, Brexit, European Elections following on from Brexit, European economies, world recovery after 2008 recession which are a few factors and global economy may normalise over the years. Sales of electronic components are remarkably stable with a small growth in the industry as a whole. Electronics component usage in the year 2017 will predict that the sales and growth in the industry. Electronics component are traditional used in general industrial electronics, domestic electronics, mobile telecommunications, fixed line telecommunications and in other applications.
Electronics incorporated into latest automobiles has increased and is considerably growing. Every new car manufactured in the recent years has electronics control than cars manufactured five years ago. This trend illustrates the level of autonomous control which will dramatically rise increasing the level of electronic components in a standard car. Advanced technology and innovative electronics using electronic components will boost the electronics industry along with the electronics component industry. Internet of Things influenced automated homes, factories, telecommunications, industrial and domestic electronics and cities exhibiting the level and need of electronic controls, fuelling the growth in the use of electronic and the demand for electronic components. There is an underlying confidence in the electronic components market with no expectation of high growth but exhibits growth in automotive and IoT over the coming years. The global economy exhibits strength of leading competitors around the world for almost all the emerging markets with the increase in the gross domestic product (GDP).
The leading competitors in global electronic components are ABB (Switzerland), Acme Electric (USA), Alps Electric Co., Ltd. (Japan), Alstom Signaling, Inc. (USA), Amphenol (USA), API Technologies Corp. (USA), Datronix Holdings Ltd. (Hong Kong), Delta Electronics, Inc. (Taiwan), Eaton Corporation Plc (Ireland), Electronic Relays (I) Pvt. Ltd. (India), Fujitsu Component Limited (Japan), Hitachi AIC, Inc. (Japan), Ibiden Co. Ltd. (Japan), Kyocera Corporation (Japan), Littelfuse, Inc. (USA), Microsemi Corporation (USA), Molex (USA), Murata Manufacturing Company, Ltd. (Japan), Nichicon Corporation (Japan), Nippon Mektron, Ltd. (Japan), Omron Corporation (Japan), Panasonic Corporation (Japan), Payton (Israel), Samsung Electro-Mechanics (South Korea), Schneider Electric SE (France), Shenzhen Sunlord Electronics Co., Ltd. (China), SiTime Corporation (USA), Taiyo Yuden Co., Ltd. (Japan), TDK Corporation (Japan), TE Connectivity Ltd. (USA), Teledyne Technologies Inc. (USA), Token Electronics Industry Co., Ltd. (Taiwan), Unimicron Corporation (Taiwan), Vishay Intertechnology (USA) and Xiamen Hongfa Electroacoustic Co., Ltd. (China).
The four advanced technologies that could change the face of the supply chain of electronic components sales by 2022 are unmanned drones, additive Manufacturing/3D Printing, Driverless Vehicles, and Wearable Technology/Smart Glasses. The improved global economy encourages the electronic components sales over the coming years.
Topics Covered in The Report
- Global Electronic Components Market Research
- Global Electronic Components Industry analysis
- North America Electronic component Industry
- Global passive electronic components market
- Global electromechanical components market research
- Global Semiconductors Industry Outlook
- Europe electronic components market
- Global optoelectronic devices production
- Global LED television market trade analysis
- Global smartphones market demand and production analysis
- Global electronic devices market competition
- Asia pacific Electronic components industry
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Ankur Gupta, Head Marketing & Communications