The E-books Market is expected to grow by $ 958.24 mn during 2022-2026 decelerating at a CAGR of 6.25% during the forecast period

Global Electronic Products Market Report 2022

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Major companies in the electronic products market include 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.

New York, March 23, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the “Electronic Products Global Market Report 2022” – https://www.reportlinker.com/p06247434/?utm_source=GNW

The global electronic products market is projected to grow from $ 1,108.88 billion in 2021 to $ 1,198.53 billion in 2022 with a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to companies that have reorganized their operations and are recovering from the impact of COVID-19, which previously led to restrictive containment measures regarding social distancing, remote working and the closure of businesses. commercial activities that have resulted in operational challenges. The market is expected to reach $ 1,574.82 billion in 2026 with a CAGR of 7.1%.

The electronic products market consists of the sale of electronic products by entities (organizations, sole proprietorships and partnerships) that produce electronic products.

The main types of electronic products are audio and video equipment, semiconductors and other electronic components. Devices that play, record or process sound are referred to as audio equipment.

Examples of audio equipment are microphones, radio receivers, AV receivers, CD players, tape recorders, amplifiers, mixing consoles, effects units, headphones, and speakers. The equipment works in online and offline mode.

The various sales channels include OEM and aftermarket used by B2B and B2C end users.

Asia Pacific was the largest region in the electronic products market in 2021. North America was the second largest region in the electronic products market.

The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The growth of the electronic products market is aided by the stable economic growth expected 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 decline in the historical period, is expected to further encourage market growth. Developed economies are also expected to experience stable growth over the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. Stable economic growth is expected to increase investment in end-user markets, thereby driving the market over the forecast period.

The outbreak of Coronavirus disease (COVID-19) acted as a huge brake on the manufacturing market for electronic products in 2020 as supply chains were disrupted due to trade restrictions and consumption decreased due to blockages imposed by governments. Globally COVID-19 is a contagious disease with flu-like symptoms including fever, cough and difficulty breathing.

The virus was first identified in 2019 in Wuhan, Hubei Province, the People’s Republic of China and has spread globally, including Western Europe, North America and Asia. Measures taken by national governments to contain transmission have led to a decline in economic activity with countries entering a “lockdown” state and the outbreak negatively impacted businesses throughout 2020 and into. 2021.

However, the electronics manufacturing market is expected to recover from the shock throughout the forecast period as this is a “black swan” event and unrelated to ongoing or fundamental weaknesses in the global market or economy.

With the incidence of theft and crime rising, companies in the video equipment manufacturing industry are producing CCTV cameras with motion detection technology. The CCTV camera with motion detection detects any movement of objects in its field of view and triggers an alarm in the event of an intrusion.

These cameras consume less power when activated and only start recording when there is movement of an object in its field of view. This feature offers effective surveillance of an area at low cost.

For example, some of the leading CCTV camera manufacturers for motion detection include Sony, Samsung, Honeywell, Panasonic, and others.

The countries covered in the electronic products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland , Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland , Thailand, Turkey, United Arab Emirates, United Kingdom, USA, Venezuela and Vietnam.

Read the full report: https://www.reportlinker.com/p06247434/?utm_source=GNW

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