Electronic Products & Components - GCC

Value added in the Electronic Products & Components market is projected to amount to US$192.8m in 2024.
A compound annual growth rate of 2.47% is expected (CAGR 2024–2029).
The value added per capita in the Electronic Products & Components market is projected to amount to US$3.2 in 2024.
The value added margin in the Electronic Products & Components market is projected to amount to 26% in 2024.
Output in the Electronic Products & Components market is projected to amount to US$752.7m in 2024.
A compound annual growth rate of 2.16% is expected (CAGR 2024–2029).
The output per enterprise in the Electronic Products & Components market is projected to amount to US$4.6m in 2024.
The manufacturing intensity in the Electronic Products & Components market is projected to amount to 0.0% in 2024.
The number of enterprises in the Electronic Products & Components market is projected to amount to 165.00 in 2024.
A compound annual growth rate of 3.29% is expected (CAGR 2024–2029).
The enterprise density in the Electronic Products & Components market is projected to amount to 3 in 2024.
The number of employees in the Electronic Products & Components market is projected to amount to 1.62k in 2024.
A compound annual growth rate of 2.50% is expected (CAGR 2024–2029).
The employment rate in the Electronic Products & Components market is projected to amount to 0.00% in 2024.
The labor efficiency in the Electronic Products & Components market is projected to amount to US$464.9k in 2024.
The labor productivity in the Electronic Products & Components market is projected to amount to US$119.1k in 2024.

Definition:

The Electronic Products & Components market encompasses the manufacturing of computer, electronic, and optical products. This includes a wide range of products such as computer hardware, electronic components, telecommunications equipment, electronic instruments and devices, and optical instruments. The manufacturing process involves sophisticated technologies and processes to create high-quality and innovative products. The Electronic Products & Components market plays a critical role in enabling the digital age by providing the technological infrastructure and tools that drive modern-day communication, information processing, and data storage.

Additional information:

The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.

Electronic components, boards
Consumer electronics, computers, computer peripheral
Equipment: measuring, testing, navigating, control, irradiation, electromedical, communication, electrotherapeutic
Optical instruments and photographic equipment
Magnetic and optical media
Other categories listed within ISIC Division 26 as "included"

Printing of smart cards
Similar devices for electrical applications
Reproduction of recorded media
Traffic lights, medical thermometers
Electronic games with fixed (non-replaceable) software
Installation of industrial process control equipment
Other categories listed within ISIC Division 26 as "excluded"

The manufacturing market has faced several challenges in recent years due to geopolitical uncertainty, supply chain disruptions, changing consumer preferences, and increasing regulatory scrutiny. However, several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization, continue to influence the market, and the outlook for manufacturing remains positive.

While the Covid-19 pandemic has caused significant hardships for manufacturers, those that invested in digitalization and automation of their processes will be best positioned for long-term success. Manufacturers who can effectively balance cost pressures and maintain a strong focus on quality are likely to survive the current crisis and come out more resilient in the end.

Among the factors that could affect the manufacturing market in 2023 is the adoption of advanced technology, such as artificial intelligence, robotics, and the Internet of Things (IoT), which have the potential to improve overall efficiency and productivity while reducing costs.

Furthermore, our analysts believe that sustainability and environmental awareness will become increasingly important trends, as more investors and consumers prefer companies that prioritize these values and develop eco-friendly products.

Finally, geopolitical factors such as trade tensions and changes in government policies could also impact the manufacturing market in 2023, with the Russia-Ukraine war having the biggest impact.

In summary, the current environment presents both challenges and opportunities for the manufacturing market in 2023. However, with the right managerial strategies and high flexibility, companies can succeed and strengthen their long-term market position.

Data coverage:

The data encompasses B2B. Figures are based on the value added in the manufacturing market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

A microcontroller or a microcontroller unit is a tiny computer made available on a single silicon chip. These chips are designed to serve a specific purpose and form the brain of almost every electronic device or consumer electronics of today. The development of such chips has been driven by the need to integrate functions controlled by several integrated chips into a single processing unit. When we talk about processors, we think primarily about large computers or smartphones that need higher computing power and often forget about devices such as cameras or some of the latest keyboards, mice, or webcams with low demand. This is where we find these tiny computers that run programs designed for the specific purpose of processing input or output signals.