Press release
Electrical And Electronics Components Market Analysis, Top Major Players, Share And Outlook By 2032
Electrical And Electronics Components Market Analysis
The Business Research Company's Electrical And Electronics Components Global Market Report 2023 identifies rising penetration of smartphones as the major driver for the electrical and electronics components market's growth in the forecast period. 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.
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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Major competitors in the electrical and electronics components market are Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments Inc., Toshiba Corp., Panasonic Corporation.
A key trend in the electrical and electronics components market includes technological advancement. Major companies operating in the electrical and electronics components market are focused on developing new technological solutions to strengthen their position in the market. For instance, in March 2022, Odyssey Semiconductor Technologies, Inc., a New York-based semiconductor manufacturing company, developed advanced vertical GaN power field-effect transistors (FETs). These transistors combine SiC's higher voltage rating with GaN's excellent conversion efficiency would result in ground-breaking performance for the most demanding applications by providing industry-leading efficiency that has been validated with its approach at a 700 V rating that exhibits very low gate leakage and can be operated in a mode
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The electrical and electronics components market is segmented -
1) By Type: Passive, Active, Electro Mechanics
2) 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.
The Business Research Company's "Global Electrical And Electronics Components Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Electrical And Electronics Components Market
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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