Global Electronic Components Market is Growing with a CAGR of 8.5% in the Forecast Period of 2021 to 2028

Global Electronic Components Market is growing with factors such as increase in adoption of electronic components in wide range of industries. Increasing demand for smart and miniaturized electronic devices is also contributing to the growth of electronic components market to a greater extent.

Increase in the usage of various electronic components & technological advancements have propelled the demand of the market. However, rise in metal prices hampers the overall component production costs which is hindering the growth of the market.

Global electronic components market Scenario                        

According to Data Bridge Market Research, the market for global electronic components in Asia-Pacific has the highest market share followed by North America and Europe.  Prospectus leader on the market of electronic components are Intel Corporation followed by Qualcomm Technologies, Inc.

  • In May, Intel Corporation has announced its investment of USD 3.5 billion to equip its New Mexico operations for the manufacturing of advanced semiconductor packaging technologies, including Foveros, Intel’s breakthrough 3D packaging technology. The multiyear investment is expected to create at least 700 high-tech jobs and 1,000 construction jobs and support an additional 3,500 jobs in the state. Planning activities begin immediately, with construction expected to start in late 2021.

Electronic Components Market Trends Impacting the Market

Now the question is who are the key vendors & niche leaders of the electronic components market? Data Bridge Market Research has forecasted a large growth in Asia Pacific electronic components market and the market leaders targeting China and South Korea to be their next pocket revenue for 2021.

The Electronic components market is becoming more competitive with companies like Intel Corporation, Qualcomm Technologies, Inc., Broadcom, NXP Semiconductors, Advanced Micro Devices, Inc., Infineon Technologies, KYOCERA Corporation, Texas Instruments Incorporated, among others. These are the top dominating companies in electronic components market and have launched advanced products and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the Global electronic components market.

Electronic components Market Developments

  • In May 2021, Qualcomm Technologies, Inc. announced the new Qualcomm Snapdragon 778G 5G Mobile Platform, which is slated to power upcoming high-tier smartphones from Honor, iQOO, Motorola, OPPO, Realme, and Xiaomi. Snapdragon 778G is designed to deliver cutting-edge mobile gaming and accelerated artificial intelligence (AI) to enable stunning photo and video experiences.
  • In January 2021, NXP Semiconductors have announced the BlueBox 3.0 Development platform for safe automotive high performance computing. Designed for software application development and validation ahead of silicon device availability, BlueBox 3.0 now offers a flexible way to address user-defined vehicles, safety Level 2+ (L2+) automated driving, and the evolving vehicle architectures that will revolutionize connected vehicles.
  • In December 2020, Broadcom Inc. has announced its global cyber security aggregator program (CSAP) to expand its market reach and deliver enhanced levels of service to a subset of commercial enterprises with unique needs. Laying the groundwork for long term success, Broadcom has solidified strategic partnerships with a select list of Symantec distributors by geography, including Arrow Electronics’ Enterprise Computing Solutions Business, M. Tech Products, SB C&S, SYNNEX Corporation, Tech Data, Carahsoft and Westcon. CSAP brings together Broadcom’s market-leading Symantec cyber security solutions and partners' resources along with their in-country expertise to offer the best-in-class customer experience.

Scope of the Electronic components Market

Global electronic components market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Ireland, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest of Asia-Pacific, Brazil, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina, Colombia, Peru, Chile, Venezuala, Ecuador and Rest of South America.

All country based analysis of the Global electronic components market is further analysed based on maximum granularity into further segmentation. On the basis of components type, the electronic components market is segmented into processors, motors, battery, microcontrollers, integrated circuits, circuit breakers, transformers, capacitors, diode, resistors, inductors, relays, switches, fuse and others. On the basis of commodities type, the Global Electronic Components Market has been segmented into brown goods, white goods, small white goods and others.

To know more about the study Contact https://www.databridgemarketresearch.com/reports/global-electronic-components-market

Key Pointers Covered in Electronic components Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Electronic components market
  • Company profiling of top eight players of Gene synthesis market

Key Market Competitors Covered in the Report

  • Infineon Technologies AG
  • NXP Semiconductors NV
  • Texas Instruments, Inc.
  • Toshiba Corp.
  • Intel Corporation
  • Maxim Integrated
  • Broadcom Inc.
  • Qualcomm Inc.
  • Analog Devices, Inc.
  • Advanced Micro Devices
  • Microchip Technology, Inc.
  • Monolithic Power Systems, Inc.
  • Samsung Semiconductor, Inc.
  • SK Hynix Inc.
  • Mediatek Inc.
  • Hitachi Ltd.
  • Schurter (S) Pte, Ltd.
  • Rewell Industrial Co. Ltd.
  • Kyocera Electronics Devices
  • Watts Electronics Pvt. Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of electronic components companies https://www.databridgemarketresearch.com/toc/?dbmr=global-electronic-components-market

Research Methodology: Global electronic components market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Electronics Industry, Research and Development Team, among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Related Reports

Browse in Semiconductors and Electronics Category Related Reports@ https://www.databridgemarketresearch.com/report-category/semiconductors-and-electronics/