Report ID: SQMIG45J2221
Report ID:
SQMIG45J2221 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
119 |
Figures:
74
The market in North America is expected to grow from USD 551.20 million in 2022 to USD 1,031.99 million in 2031 and is expected to grow to USD 579.43 million in 2023. Adoption of stationary multi vibrators in the North America region mainly aerospace & defense, telecommunications, automotive, healthcare, and other industries. Furthermore, the widespread use of stationary manifolds in telecommunications for use in radio and telecommunications equipment for frequency generation and modulation are the important factors driving the growth of the market in the region.
Asia-Pacific is expected to grow at 7.3% with the highest CAGR. Additionally, the China's highest revenue share in the EC region was 29.50% in the same year. Asia Pacific is expected to hold the largest market share during the forecast period due to rapid expansion of electronics industry and technological advancement China, Japan, South Korea and India are leading the growth. Additionally, concentration is another trend in the smart industry, automotive electronics, and electronics that eliminate the need for vertical manifolds are fueling the market significantly.
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Report ID: SQMIG45J2221