Market Research Report Global Semiconductors Industry Outlook,Global pass | Page 2

Global electronic components market is growing rapidly year-on-year
witnessing a double-digit growth and demand for innovative electronic
components with the use of next-generation technology. Globally Taiwan is a
home to the world’s largest chipmakers, chip designers, suppliers of camera
lenses, routers and other critical components used in mobile devices, laptops,
connected vehicles, Internet of Things applications and others. The continuing
improvement in the global economy is sure to encourage the growth in the
consumer electronic components products. The introduction of innovative
features in all the electronic products will demand for more sophisticated
electronic components. China accounts for majority of outbound shipments of
electronic components, flat panels and ICT products, and other components.
The global electronics industry rises and falls according to many factors. The
prediction for the electronics component market and for the electronics
industry as a whole is dependent upon many factors.