Rising Penetration Of Smartphones Drive Impressive Growth of the Global Electrical and Electronics Components Market - Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments Inc., Toshiba Corp., Panasonic Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Electrical And Electronics Components Market Size, Growth Rate, And Forecast

The global electrical and electronic components market size is expected to grow from $53.93 billion in 2022 to $60.48 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrical and electronic components market size is expected to reach $92.35 billion in 2027 at a CAGR of 11.2%.

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Electrical And Electronics Components Market Drivers

The rising penetration of smartphones is expected to propel the growth of the electrical and electronics components market going forward. Smartphones are portable handheld devices used for various functions. In recent times, consumers have had access to a wide range of gadgets for entertainment and shopping, including laptops, and smartphones which increased the demand for smartphones, which in turn increased the demand for electronic components used in smartphones. For instance, in 2022, according to the recent data published by Obrelo, a Lithuania-based e-commerce website, 96.1% of consumers would own a mobile phone. Tablets are the third most common electronic gadget, with 34% of people globally owning at least one, followed by laptops and desktop computers owned by 59% of global consumers.

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Electrical And Electronics Components Market Segments

• By Type: Passive, Active, Electro Mechanics

• By End User: Consumer Electronics, Networking And Telecommunication, Automotive, Manufacturing, Aerospace And Defense, Healthcare, Other End users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electrical and electronics components market.

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Electrical And Electronics Components Market Key Players
Major competitors in the electrical and electronics components market are Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments Inc., Toshiba Corp., Panasonic Corporation, Infineon Technologies, Advanced Micro Devices Inc., Intel Corp.

The Business Research Company's "Global Electrical And Electronics Components Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Electrical And Electronics Components Market Include:
1. Executive Summary
2. Electrical And Electronics Components Market Characteristics
3. Electrical And Electronics Components Market Trends And Strategies
4. Electrical And Electronics Components Market - Macro Economic Scenario
5. Electrical And Electronics Components Market Size And Growth
………………
27. Electrical And Electronics Components Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrical And Electronics Components Market
29. Electrical And Electronics Components Market Future Outlook and Potential Analysis
30. Appendix

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