Global Market for Electronic Components to Reach US$183.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Electronic Components Industry. The global market for electronic components is expected to maintain steady growth over the next few years primarily driven by factors such as increasing demand for consumer electronic goods, especially mobile communication devices, and growing penetration of electronic systems in automobiles. Robust demand from developing markets, especially Asia-Pacific, also augurs well for the future of this market.

Electronic Components: A Global Outlook

Follow us on LinkedIn – Electronic components have played a significant role in the evolution of several path-breaking technologies that have changed the face of the world that we live in today. The role of electronic components in this technology driven world is becoming highly evident, thanks to their extensive use in a wide range of electronic applications right from traditional computers, televisions, audio players, and telephones to more advanced electronic gadgets such as mobile phones, smartphones, PDAs, DVD players, portable media players, video games, home-theater systems, microwaves, and printers. While growth in the market is being spurred by newer technological developments such as digitization of consumer entertainment, challenges are being created by performance critical product trends in the downstream electronic devices market. The future of the electronic components market depends on the pace with which the world adopts new generation electronic equipment.

The electronic components market suffered a major setback during the 2008-2009 period as a result of the economic recession, which mauled down consumer/business confidence and per capita spending on electronics. Consumer and industrial electronics, IT hardware, communications equipment and automotive electronics, all suffered significant disruptions in business activities sending knock on effects into the global electronic components market. However, the market staged a smart recovery in the year 2010 in sync with the recovery staged by the end-use industries. Demand for consumer electronics, such as LCDs, LEDs, and cooling systems started to gain momentum in the consumer electronics space while enterprise IT infrastructure spending also staged a comeback in the corporate sector.

Future growth in the electronic components market will be driven by growing popularity of digital infotainment, rise in penetration of electronic devices among households, fast evolving telecom infrastructure, and growing adoption of laptops/smartphones among enterprises as a key employee mobility tools. Growing percentage of electronic content per car also brings the automotive industry into the spotlight as a key revenue spinning sector of the future.

The research report titled “Electronic Components: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Germany, Asia, (Japan, China, India, Korea and Taiwan). The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Electronic_Components_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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