According to Cognitive Market Research, The Global Industrial Electronics market will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
The demand for industrial electronics market is rising due to the increasing advancements and applications of 5G communication as well as the growing emphasis on electric vehicles (EVs) and rapid charging stations.
Demand for power electronics remains higher in the industrial electronics market.
The semiconductor capital equipment category held the highest industrial electronics market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American industrial electronics market will experience the strongest growth until 2030.
