Name: the electronic components market
Brand: Businesscoot
Price: 89 EUR
Availability: InStock

INFORMATION ON THE STUDY

Price: 89€ HT
Last update: 19/11/2021
Language: English
Category: Industry
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Content of the study

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MARKET OVERVIEW

1.1 Definition and scope of study

The electronic components market is very large and includes several devices that by definition are intended to be assembled with others to perform numerous electronic functions.

It is possible to divide this type of components into:

· Passive

· Active

· Electromechanical

Globally, the market for electronic components is considered to be growing.

The value of the market is expected to reach $509.06 billion by 2025, growing at a CAGR of 8%.

In Italy, the electronic components industry experienced significant growth between 2018 and 2019 while a slight decline in revenue was recorded in 2020 due to recent health crisis. It is estimated that about 65% of companies operating in this sector experienced a decline of about 10% in revenue. The application sectors that performed most satisfactorily last year were industrial, industrial automation and medical; negative figures were recorded, however, for the automotive and transportation sectors.

Fortunately, the outlook for 2021 is one of recovery and growth.

A trend to be taken into consideration within this market is certainly innovation.

In recent years, the demand for microchips has increased exponentially and for this reason there has been a chip crisis, also due to the shortage of producers. Therefore, it is fundamental to find innovative solutions to face the increasing demand of these components created by customers.

It is also important to take into account the sustainability aspect when it comes to this market. The electronic components sector certainly has a strong environmental impact given the large amount of energy used and the large amount of toxic waste produced. Measures must be taken to address this problem. From the above data it can be deduced that the electronic components market is certainly growing and has a good chance of being penetrated.