Global electronic components market worth $169 billion by 2010

The Electronic Components: A Global Strategic Business Report, published by Global Industry Analysts, Inc., provides a review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities.

Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, UK, Spain, Russia, Asia-Pacific, the Middle East and Latin America.

Introduction of sophisticated electronic components rapidly increased the range of end served markets. Additionally, the use of passive components by integrated circuits is also increasing. On an average, each integrated circuit has 20 passive components and increasing usage of passives by integrated circuits is expected to continue. Against this backdrop, worldwide sales of electronic components are expected to be over $169 billion by 2010. 

The report found that the global market for electronic components is likely to register a compounded annual growth rate of 7.1% through the period 2001-2010.

Worldwide printed wiring boards market is expected to retain its domination of the electronic components market to exceed $71 billion by 2010. Printed wiring boards segment is also expected to offer the highest growth potential over the period. Connectors market is expected to offer the second highest growth potential of 7.1%, compounded annually over the period 2001-2010, according to the report.

Also, the report noted that the Asia-Pacific is estimated to account for a share of about 27.9% of the global electronic components market in 2007, and also offer the highest growth potential with the CAGR expected to hover around 12.7% over the period 2001-2010. Europe, the second largest market for electronic components is estimated at $34.5 billion in 2007. The United States represents the largest market for connectors and switches in the world.

For more information,  visit http://www.strategyr.com/Electronic_Components_Market_Report.asp.