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Electronic Parts Industrial Development
Goodyear Mold Co.,Ltd | Updated: Oct 10, 2017

With the rapid development of the world's electronic information industry, as the basis of electronic information industry, the development of electronic components industry is also very rapid. In 2005, the world's electronic components market demand of about 300 billion US dollars, accounting for 15% of the world's electronic products market, the average annual growth rate of about 10%, while the new electronic components demand the fastest growing, about 150 billion to 180 billion US dollars.

Electronic components are entering a new type of electronic components as the main generation of a new generation of components era, it basically replaced the traditional components, electronic components from the original only to adapt to the miniaturization of the machine and its new process requirements, To meet the digital technology, microelectronics technology development proposed by the characteristics of the main requirements, and is set to meet the industrialization of the development stage.

China's electronics industry continued high-speed growth, driven by the strong development of electronic components industry. China has become the world's production base for electronic components such as loudspeakers, aluminum electrolytic capacitors, picture tubes, printed circuit boards, and semiconductor discrete devices.

From January to December 2006, China's electronic components manufacturing industry achieved a total industrial output value of 573,108,825 thousand yuan, an increase of 31.56% over the same period in 2005; the cumulative sales revenue reached 558,802,858 thousand yuan, an increase of 31.97% over the same period in 2005; Total profit amounted to RMB28,630,453,000, representing an increase of 31.37% over the same period in 2005.

From January to December 2007, China's electronic components manufacturing industry achieved a total industrial output value of 740,003,762 thousand yuan, an increase of 27.09 percent over the same period in 2006. In January-October 2008, China's electronic components manufacturing industry achieved total industrial output value of 731,940,688 thousand yuan , An increase of 22.44% over the same period in 2007.

In 2008 the global financial market turmoil, as the consumer market accounted for more than 70% of the component market, is expected by the end of the holiday consumer market will be very low, and eventually lead to declining demand for electronic components. Nevertheless, the component market is still a ray of light: the supplier of inventory management is very strict, so the inventory will continue to decline. In most cases, the financial risks of suppliers are very limited, because their balance sheet shows good, these suppliers will survive the financial turmoil, electrical components market prospects are still bright of.