Electronic Components Market

The global market for Electronic Components is projected to reach US$191.8 billion by 2022, driven by the increasing indipensability of electronics in modern life; continuous development of consumer,industrial,automotive and defense electronics; shorter product lifecycles and a parallel increase in opportunities in upstream supply chain. While ubiquity of electronics sustains demand for electronic components, tighter performance tolerances will fuel innovation and effervescent technology developments in component design. Industrial automation and IoT,migration to smart and connected medical electronics,autonomous cars and military robotics will open new lucrative opportunities for growth in the field of automotive electronics,medical device electronics,and dfense and aerospace electronic equipment.