Electronic Components Market Scenario, Outlook, Share, and Analysis Report by Radiant Insights

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Radiant Insights, Inc has announced the addition of the “Global Electronic Components Market Research Report 2021” report to their offering.

Electronic components are known as resistor and best described as an electrical friction. The electronic equipment comprises several electronic components in it, such as capacitors, inductors, diodes, transistors, ICs etc. Components like diodes, ICs and transistors are made up of semiconductor materials and the working of these is based on the direction and proportion of current flowing through them. All of these constitute an electronic circuit. Some of the electronic circuit components come under category of passive elements. 

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Vacuum tubes, rectifier, transistors are some of the common active elements while resistances which dissipate the power and energy. Capacitances and inductances fall under the passive category. Therefore, the success of any device depends on the matching of active and passive devices. Proper function of an active device is determined by the proper values of these passive elements and so the selection of these elements such as resistances, capacitance, inductance and transformers not only need a proper attention but also need a holistic appeal as well.

The key driving factors responsible for the growth of electronic components market includes growing demand for consumer electronic products such as mobile phones. Additionally, proliferation of electronic systems in automotive sector and increasing demand from emerging markets like Asia-Pacific are also the driving factors for electronic components. Moreover, electronic components market is anticipated to witness a steady growth in upcoming years. 

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Electronic components are broadly used in a range of electronic products such as computers, TVs, audio players, cell phones, telephones, smartphones, PDAs, DVD players, media players, home theater systems, microwaves and printers. However, the market has witnessed a significant decline in the electronic components global sales owing to economic recession in 2009. Since, then the market is recovering and currently it registers a higher sale record for LEDs, LCDs and cooling systems on a global scale.

The market is assumed to grow further at a significant CAGR due to the growing popularity of digital technologies, growth in demand of household electronic products and rapid development of telecom infrastructure. Rising adoption of laptops and smartphones is estimated to play a pivotal role in the forecast period. On the basis of application, the global electronic component market is segmented into LEDs, LCDs, TFTs, cooling systems and semiconductors.

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On the basis of geographic segmentation, the global electronic component market spans North America, Europe, Japan, Southeast Asia and India. APAC regions are anticipated to dominate the global market in terms of revenue. India, China and Japan being the fertile markets for electronic components enjoy favorable opportunities during the assessment period. North America and Europe are anticipated to grow during the forecast period owing to presence of large number of startups and electronic industry.

The key players in the global electronic components market include AFL Automotive, AFL telecommunications, American Electronic components Inc., Cinch connectors, Cisco Systems Inc., CMK Corporation, Comm Con Connectors Inc., Delphi Connection Systems, Fujitsu Component Limited, Kemet Corporation, Digitran, Eaton Corporation, Framatome Connectors International SA, Kyocera Corporation, Methode Electronics Inc, and Molex Inc.

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