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Latest News 2020: Electronic Components Market Will Emerge Globally And Grow With 6% of CAGR by 2026 | Know the Impact Analysis of Corona-virus/COVID19
The Global Electronic Components Market is expected to witness growth with a CAGR of 6% by 2027.The ripple effect of Coronavirus-COVID19 on the Electronic Components Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Electronic Components Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.
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The increasing use of the internet of things and automotive technologies in electronic devices is expected to drive the overall growth of the market in recent years. In addition to this, an increase in the use of internet of things in factories, homes, telecommunication, and domestic and industrial electronics are some of the factors that are driving the demand for electronic components. Further, the increasing demand for electronic components by original equipment manufacturers in order to fit the smaller components to their circuit board assemblies is creating the opportunity for the market during the forecast period.
AllTheResearch offers a most recent distributed report on GlobalElectronic Components industry examination and figure 2019-2027conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.
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Market Segmentation:
Following Top Key players are profiled in this Market Study:
NXP Semiconductors N.V., Panasonic Corporation, Renesas Electric Corporation, API Technologies, AVX Corporation, Eaton Corp., Datronix Holdings, Fujitsu Component, FCI Electronics, Hitachi AIC
By Applications: Automotive, Communications, Computing Applications, Industrial, Others
Based on application, the automotive segment dominated the market in 2018, owing to a rise in the use of electronic components in new standard cars. At the same time, advanced technology and innovative electronic components will boost the electronic components industry, along with the electronics industry in coming years.
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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
The Asia Pacific dominated the market in 2018 and is expected to show a similar trend in the coming years. China is leading the Asia Pacific region, as the country is home to various manufacturers of integrated components such as semiconductors, PCBs, microcontrollers, and others. In addition to this, china also exports integrated parts to other Asia-Pacific countries.
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