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Cover Story
Visha World: Empowering future disruptors with Innovative Verticals in Electronics since 1978
According to the semiconductor and other electronic component market research, Asia Pacific was the largest region in the semiconductor and other electronic component market in 2021. The global semiconductor and other electronic component market size is expected to grow from $0.96 trillion in 2021 to $1.04 trillion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The semiconductor and other electronic component market growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.38 trillion in 2026 at a CAGR of 7.3%.
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