With steady economic growth, the electronics market is expected to reach $2 trillion by 2026


Global Electronic Products Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Electronic Products Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, United Kingdom, March 22, 2022 /EINPresswire.com/ — Growth in the electronics market is being aided by steady economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) said global GDP growth was 3.3% in 2020 and 3.4% in 2021. The recovery in commodity prices, after a significant drop in the historic period , is further expected to contribute to the growth of the market. Developed economies are also expected to record steady growth over the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. Steady economic growth is expected to increase investment in end-user markets, thereby boosting the market over the forecast period.

Asia Pacific was the largest electronics market region in 2021. North America was the second largest electronics market region. Regions covered in the Electronic Products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and South America. ‘Africa.

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The global electronics market size is expected to grow from $1.11 trillion in 2021 to $1.20 trillion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. The market share of electronic devices is expected to reach $1.570 billion in 2026 with a CAGR of 7.1%.

With the increasing incidence of theft and crime, companies in the video equipment manufacturing industry are manufacturing CCTV cameras with motion detection technology. The motion detection CCTV camera detects any movement of objects in its field of vision and triggers an alarm in the event of an intrusion. These cameras consume less power when activated and only start recording when there is object movement in its field of view. This feature provides effective monitoring of an area at low cost. For example, some of the leading companies manufacturing motion detection CCTV cameras include Sony, Samsung, Honeywell, Panasonic and others.

The major players covered in the global electronics industry are Samsung Electronics Co. Ltd., Taiwan Semiconductor Mfg. Co ltd, SK Hynix Inc, Qualcomm, Hon Hai Precision Industry, Micron Technology Inc, LG Display Co Ltd, Intel Corporation, Sony Corp and Broadcom Ltd.

Global TBRC Electronic Devices market segmentation is split by Type into Audio & Video Equipment, Semiconductors and Other Electronic Components, by End-Use into B2B, B2C, by Sales Channel into OEM, Aftermarket, by Online Mode , offline.

Global Electronics Market Report 2022 – By Type (Audio & Video Equipment, Semiconductors & Other Electronic Components), By End-Use (B2B, B2C), By Sales Channel (OEM, Aftermarket), By Mode ( Online, Offline) – Market Size, Trends and Global Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the electronics market, forecasts the size and growth of the electronics market Electronic Products for Overall Market, Electronic Products Market Segments, Geographies, Electronic Products Market Trends, Electronic Products Market Drivers, Restraints, Revenues, Major Competitor Profiles and Market Shares.

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