Wellesley, Mass. The world market for electronic products is expected to increase to $2.0 trillion in 2007, up from $1.8 trillion in 2006, and reach $3.2 trillion in 2012 with a compound annual growth rate (CAGR) of 9.5% over the next five years, according to a new report from BCC Research.
BCC Research segments the markets by wafer fab materials, semiconductors, communications, computer, consumer, industrial, and automotive applications. Of these sectors, industrial products account for 39.6% of the total sales for electronics products, followed by computer electronics with the second largest share of the total market at 20.0%. Semiconductors account for 13.5%, consumer electronics make up 13.4%, followed by communications electronics with 9.9%. Automotive electronics products account for the remaining 2.6%.
Historically, the electronics industry has seen intense competition between the U.S. and Japan, but most regions of the world particularly Asia-Pacific are now rapidly accelerating their electronics manufacturing and electronics consumer bases, said the market researcher.
For more information about the Global Electronics: High Growth Products and New Markets (report # IFT063), please contact the editor at: firstname.lastname@example.org.