Insights Into The General Electronic Components Market’s Growth Opportunities Through 2023-2032 – Includes General Electronic Components Market Research
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Increasing demand for microwave tubes, cathode-ray tubes, X-ray tubes, photoelectric tubes and triodes in display devices are expected to drive innovation in general electronic components manufacturing, thus driving the market during the forecast period.
The global general electronic components market is expected to grow from $466.61 billion in 2022 to $500.85 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The global general electronic components market size is expected to grow to $643.93 billion in 2027 at a CAGR of 6.5%.
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Global General Electronic Components Market Segments Include:
- By Product Type:Passive, Active, Electromechanical components, Other Product Types
- By End Use Industry:Aerospace, Communication, Automotive, Other End-Users
- By Sales:Aftermarket, Manufacturer/Distributor/Service Provider
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global general electronic components market in 2021.
Major Market Players in the general electronic components market include Vishay Intertechnology, Fairchild Semiconductor, STMicroelectronics, Texas Instruments, Toshiba, NXP Semiconductors N.V..
The adaptation of the Internet of Things (IoT) acts as a key trend driving the growth of the general electronic components market. In the past few years, the IoT has experienced a massive boom. IoT provides communication and connection between various devices, such as fitness watches, smartphones, and smart meters. General electronic components such as resistors, transistors, capacitors, and diodes are used in making smart devices, sensors, and actuators that can interconnect with each other. According to IoT Analytics, at the end of 2020, 11.7 billion (or 54%) of the 21.7 billion active linked devices globally will be IoT system connections. More than 30 billion IoT connections, or approximately 4 IoT devices per person on average, are projected to exist by 2025. Thus, indicating a high demand for IoT devices.
The General Electronic Components Global Market Report 2023 provides a general electronic components market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The general electronic components market forecast analyzes general electronic components market size, general electronic components market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
General electronic components are the devices that work within an electronic system to have an effect on their associated fields. These components have a number of electrical terminals that are connected to form an electronic circuit with a particular function, such as an amplifier or oscillator.
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