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World market for electronic components is largely driven by macroeconomic factors, technological developments, and consumer spending patterns. The market is also influenced by the level of dynamism in key end-use and original equipment markets. Rising demand for advanced technology-based products in the digital entertainment sector, greater need for communication infrastructure networks, and the move towards 3G technologies are expected to boost demand for electronic components globally.

San Jose, CA (PRWEB) September 2, 2008 — Global demand for electronic components is influenced by prevailing conditions in downstream industries such as telecommunications, computing, and consumer electronics. Due to widespread utilization of electronic components in different end-use markets, macroeconomic factors such as government budgets, capital expenditure of businesses, and disposable income levels of consumers, among others, exert significant influence over industry sales.

Growth in the worldwide electronic components market is expected to stem primarily from the development of innovative technologies in the field of electronics. Expanding communication infrastructure requirements across the world, especially the transition towards 3G technologies and the growth of wireless communications are some developments that are expected to foster new applications across various end-use markets. Consumer electronics market is expected to offer excellent growth prospects, encouraged largely by the rapid strides made in the digital entertainment sector. Information technology market, comprising of information and communication processing activities, is expected to boost sales, owing to enhanced demand for portable computers and 3G mobile phones.

Driven by increased activity in the computers and peripherals, and telecom industries, sales in connectors market are expected to witness rapid growth, particularly in Asia-Pacific. Higher demand for implementation of Gigabit Ethernet for high-speed backplanes, pluggable I/O - SFP, XFP and high-speed copper cabling is expected to boost prospects in the electronic connectors industry. On the other hand, cellular phone, automobile, electronics and telecommunications markets are expected to propel the demand for passive components. Growing demand for global positioning systems, sound systems, and video displays is also expected to foster demand for passive components.

Demand and supply of electronic components varies from region to region. While developed countries focus on the manufacture of advanced components and subsystems, activities in developing countries are centered on commodity products such as discrete semiconductors and passive components. Asia-Pacific, however, is expected to emerge as a major exporter of both advanced and commodity electronic components in the near future.

The report titled “Electronic Components (IT): A Global Outlook” published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird’s eye view of product segments that make up the electronic components industry, select trends shaping the future of each product market segment, and summarized commentaries on the industry’s outlook. The report also recapitulates the spate of recent mergers and acquisitions. Major regional markets covered in the report include United States, Japan, Europe, China, Taiwan, and Hong Kong, among others. The report also includes an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 1,083 companies worldwide.

For more details about this research 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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com

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[Via PRWeb: Technology Electronics]