Press release
Global General Electronic Components Market Size, By Product Type ,By End-User Industry , By Geographic Scope And Forecast by 2030
The global general electronic components market reached a value of nearly $269.6 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.7% since 2015. The market is expected to grow from $269.6 billion in 2020 to $367.5 billion in 2025 at a rate of 6.4%. The market is then expected to grow at a CAGR of 4.4% from 2025 and reach $455.9 billion in 2030.The key drivers of the General Electronic Components market include:
Increasing demand for microwave tubes, cathode-ray tubes, x-ray tubes, photoelectric tubes and triodes in display devices is expected to drive the general electronic components market in the forecast period. Display devices are the output devices that offer information in visual form. Most of the devices are going smart nowadays, thus increasing the growth of display devices. The display devices are creating many opportunities for the growth of the electronic component market in various applications such as satellite and space technology, automotive, military applications, IoT and others. In 2020, Asia-Pacific was the major market in general electronic components with China leading the Asia Pacific market due to the presence of largest electronic components manufacturers that are used in laptops, smartphones, and internet of things (IoT) applications.
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General Electronic Components Market Segmentation: -
By Product Type -
a) Passive
b) Active
c) Electromechanical Components
d) Others
By End-User Industry -
a) Aerospace
b) Communication
c) Automotive
d) Others
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By Geography - The General Electronic Components market is segmented Into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
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Some of the major key players involved in the General Electronic Components market are
1.Murata Manufacturing Co., Ltd.
2.TE Connectivity
3.STMicroelectronics
4.TDK Corporation
5.Infineon Technologies
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