CLEVELAND, April 26, 2018 /PRNewswire/ -- US shipments of electronic components are forecast to reach $95.5 billion in 2022, according to Electronic Components: United States, a report recently released by Freedonia Focus Reports. Increasing global output of products that utilize electronic components will drive gains, as the supply chains for many of these industries are highly globalized.
More information about the report is available at https://www.freedoniafocusreports.com/Electronic-Components-United-States-FF80018/
In addition, the expanding scope of products in which electronic components are used will support growth. For instance, motor vehicles are increasingly employing electronic components as vehicle electronic systems become more sophisticated and advanced drivetrain components become more widespread. Common motor vehicle features all employ electronic components, including airbags, mirror and wiper controls, and power doors and windows. In addition, the growing production of hybrid- and all-electric vehicles, which contain advanced electronic content, aids electronic component sales. The increasing prevalence of advanced driver assistant systems – including adaptive cruise control, automatic braking, back-up cameras, forward collision warning, lane departure warning, and parking assistance – will also support demand for electronic components in the automotive industry.
These and other key insights are featured in Electronic Components: United States. This report forecasts to 2022 US electronic component shipments in nominal US dollars at the manufacturer level. Total shipments are segmented by product in terms of:
- integrated circuits
- other semiconductors
- printed circuit assemblies
- printed circuit boards
- other electronic components
To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group