| |July 20195The global economy is constantly changing with the emerging electronic technologies and the electronic component industry is at the core of this transformation. According to Global Industry Analyst Inc., the global market for electronic components is expected to reach US$ 191.8 billion by 2022, by when Asia Pacific will have the dominant share of the pie. Following this global trend, the Indian electronic components market is also poised to grow significantly. This growth will be driven by rising local demand and growing disposable incomes. An increased demand in component has given rise to online component distribution and supply in the market. As per industry reports, there are some major players in distribution industry which claims to have 50 Lakh+ products available online from top manufacturers in worldwide. The industry is going through an exciting phase with growth in demand due to the central role played by electronics in every aspect of our lives, the revolutionary changes in technology, the launch of innovative products and the challenge of global competition. This has led electronic product and component manufacturers to focus on continuous improvement in their products in order to stay ahead of the pack, resulting in the following trends. The value-added distributors have their fingers on the pulse of new trends and technologies. They are attuned to industry changes and trends, and usually have the resources to implement, and at times, perfect the idea. Manufacturers of electronic products need to focus on continuous improvement in order to stay ahead of the pack. Industry experts predict that over the next ten years, India's own electronic components production ecosystem will be in a position to compete globally.Do let us know your thoughts.Nandini MukherjeeManaging EditorThe electronic component industry is at the core of transformationVol 1 · Issue 3 · July, 2019 Publisher Alok ChaturvediManaging Editor Nandini Mukherjee Editorial TeamAmit Raja Naik John Roshan AntoMonica Pallavi J Aparna Roy Group Art Director Ashok Kumar Visualisers ManjunathSiva Shankarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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