Electronic Components Industry Report (1)

Electronic Components Industry Report (1)
In recent years, with the rapid development of emerging fields such as 5G communication, new energy vehicles, the Internet of Things, and artificial intelligence, the demand for electronic components has continued to increase, driving the rapid growth of the electronic component market size. According to the “2024-2028 China Electronic Components Industry In-depth Analysis and Development Trend Forecast Research Report” released by the China Commerce Industry Research Institute, the market size of electronic components in China has grown from 12.69 trillion yuan in 2020 to 17.18 trillion yuan in 2023, with a compound annual growth rate of 10.6%. Analysts from the China Commerce Industry Research Institute predict that the market size of electronic components in China will reach 19.86 trillion yuan in 2025.