Global General Electronic Components Market Analysis By The Business Research Company

TBRC’s research report covers general electronic components market trends, growth, market players and strategies, and so much more.

LONDON, May 17, 2022 /PRNewswire/ — Asia Pacific has the largest general electronic components market share, accounting for 29.4% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the general electronic components market will be Africa and Middle East, where growth will be at CAGRs of 9.0% and 8.7% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 5.2% and 5.1% respectively, during 2021-2026.


The global general electronic components market size is expected to grow from $484.99 billion in 2021 to $541.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The general electronic component market is expected to reach $805.88 billion in 2026 at a CAGR of 10.4%.

Request a free sample of the General Electronic Components Market Report

IoT Boosts General Electronic Components Market Growth

An increase in the use of the internet of things (IoT) acts as a driving factor for the growth of the general electronic components market. IoT is experiencing 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 Juniper Research, the global number of Industrial IoT will reach an estimated $344.7 billion by 2026 with a CAGR of 21% from 2021 to 2026. Thus, indicating a high demand for IoT devices, which will ultimately, drives the market for general electronic components during the forecast period.

General Electronic Components Market Competitive Landscape

The general electronic components market has been witnessing a rise in mergers and acquisitions. Merger and acquisition activity has been driven by slow revenue growth, forcing large companies to seek revenues from other sources. Many electronic components companies are also acquiring and merging with other entities to enter new areas of the value chain. For instance, in February 2022, Fusion Worldwide acquired Prosemi Mfg Pte Ltd, a large-scale electronic component test house in Singapore. With this acquisition, Fusion Worldwide has improved its product portfolio and enhanced its ability to sustain the highest levels of quality standards. Prosemi Mfg Pte Ltd provides manufacturing services and turnkey projects to semiconductor industries, CEMs (continuous emission monitoring systems) and electronics manufacturers.

The general electronic components market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 14.76% of the total market in 2020. Major players in the market are Murata Manufacturing Co., Ltd., STMicroelectronics, Infineon Technologies, TE Connectivity, TDK Corporation, Yageo Corporation, Amphenol Corporation, Vishay Intertechnology, Texas Instruments, Analog Devices, Inc.

General Electronic Components Market Opportunities

The top opportunities in the general electronic components market segmented by product type will arise in the electromechanical components segment, which will gain $28.4 billion of global annual sales by 2026. The top opportunities in the general electronic components market segmented by end use industry will arise in the other end users segment, segmented by sales will arise in the manufacturer/distributor/service provider segment. The general electronic components market size will gain the most in the USA region at $12.1 billion.

See more on the General Electronic Components Market Report

Check out similar market reports:

Electronic and Precision Equipment Repair and Maintenance Global Market Report 2022 – By Type (Consumer Electronics Repair and Maintenance, Computer and Office Machine Repair and Maintenance, Communication Equipment Repair and Maintenance, Other Electronic and Precision Equipment Repair and Maintenance), By Mode (Online, Offline), By Service Type (Inspection, Maintenance, Repair) – Market Size, Trends, And Global Forecast 2022-2026

Electronics And Appliance Stores Global Market Report 2022 – By Type (Hardware Suppliers And Security Stores, Consumer Electronics Stores), By Ownership (Retail Chain, Independent Retailer), By Type of Store (Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293








Source link

The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy