The Miniaturized Electronics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Miniaturized Electronics Global Market Report 2024, The miniaturized electronics market size has grown rapidly in recent years. It will grow from $42.75 billion in 2023 to $47.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to consumer electronics demand, medical device miniaturization, automotive electronics integration, military and aerospace applications, rapid growth of iot devices.
The miniaturized electronics market size is expected to see strong growth in the next few years. It will grow to $66.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to edge computing expansion, flexible and stretchable electronics, biomedical implants and health monitoring, energy-efficient electronicsai integration in edge devices. Major trends in the forecast period include 5g technology integration, emergence of wearable technology, advancements in semiconductor technology, bioelectronics and medical implants, energy harvesting technologies.
Increasing demand for consumer electronics products is expected to propel the growth of the miniaturized electronics market going forward. Consumer electronics refer to electronic devices and gadgets designed for everyday use by individuals. Miniaturized electronics often leverage advanced technologies, leading to improved performance in terms of processing power, energy efficiency, and functionality allowing consumers to enjoy more powerful features in smaller devices. For instance, according to the Bureau of Labor Statistics, a US-based federal agency, the average annual expenditures for consumer electronics in 2022 were $1,380, which is a 5.8% increase from the previous year. Therefore, increasing demand for consumer electronic products is driving the growth of the miniaturized electronics market.
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The miniaturized electronics market covered in this report is segmented –
1) By Product: Miniaturized Electronic Components, Miniaturized Electronic Devices
2) By Distribution Channel: Hypermarkets Or Supermarkets, Speciality Stores, Multi-Brand Stores, Online Retailers, Wholesalers And Distributiors, Other Channels
3) By End User: Electronics And Semiconductor, Healthcare And Medical Devices, Automotive, Aerospace And Defense, Consumer Goods And Retail, Industrial Manufacturing, Telecommunications, Other End Users
Major companies operating in the miniaturized electronics market are developing innivative products such as uHVA series to gain a competitive advantage in the market. The uHVA series is a family of miniature, bi-polar, zero-crossing high voltage amplifiers capable of producing a high voltage up to ±5kV. For instance, in March 2023, Luso Electronics, a UK-based electronic manufacturer launched the new uHVA series, designed for ease of use, with no external components required. It is designed for a variety of applications, including mass spectrometry, electrostatic chucks, pockel cells, electron microscopes, and threat detection. This enhanced end-user experience improves patient availability, engagement, and uptake of care services, while minimising the need for in-person appointments or visits.
The miniaturized electronics market report table of contents includes:
1. Executive Summary
2. Miniaturized Electronics Market Characteristics
3. Miniaturized Electronics Market Trends And Strategies
4. Miniaturized Electronics Market – Macro Economic Scenario
5. Global Miniaturized Electronics Market Size and Growth
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26. South America Miniaturized Electronics Market
27. Brazil Miniaturized Electronics Market
28. Middle East Miniaturized Electronics Market
29. Africa Miniaturized Electronics Market
30. Miniaturized Electronics Market Competitive Landscape And Company Profiles
Top Major Players:
- Apple Inc
- Samsung Electronics Co. Ltd
- Amazon Web Services Inc
- Intel Corporation
- Ingram Micro
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