The global electronic components industry welcomes new opportunities

supply chain reconstruction and technological innovation drive international procurement upgrades

[Industry Trend Express]

    Key Market Insights The global electronic components market size is US$363.93 billion in 2023, and is expected to grow from US$393.63 billion in 2024 to US$847.88 billion in 2032, with a compound annual growth rate of 10.1% during the forecast period (2024-2032). Procurement demand in the Asia-Pacific region has increased significantly, among which new energy vehicles, industrial automation and AIoT equipment have become the core growth engines. As the international trade pattern accelerates, "nearshoring" and diversified supply chain layout are becoming the strategic focus of multinational companies.

[Analysis of Three Major International Opportunities]

    Regionalized manufacturing has spawned localized service demand

    The US "Chips and Science Act" and the EU "Chips Act" have promoted the redistribution of global production capacity, and emerging electronic industry clusters in Mexico, Southeast Asia, Eastern Europe and other places have risen rapidly.

    Case: Tesla's Berlin Super Factory has achieved 85% local procurement of components in Europe, driving a 200% surge in orders from connector and power device suppliers in neighboring countries.

    Technological innovation reshapes procurement standards

    The market size of third-generation semiconductors (SiC/GaN) has an annual compound growth rate of 34% (data source: Yole Développement), and the construction ofnew energy and 5G base stations drives the demand for high-voltage and high-frequency devices.

    Intelligent substitution wave: The world's top 10 automakers have fully introduced automotive-grade MLCC and smart sensors, and the average budget for vehicle-mounted electronics procurement will increase by 27% in 2024.

    ESG compliance becomes a new threshold for international trade

    The EU's "New Battery Regulation" requires the full life cycle carbon footprint traceability of power batteries by 2027, forcing upstream component suppliers to accelerate green transformation.

Industry response:

    Japan's Murata, TDK and other leading companies have taken the lead in launching "zero-carbon components" solutions that meet REACH/ROHS 3.0 standards.