A Digital Nudge

Quality of an electronic equipment is directly proportional to the kind of components used in it. No matter how good is the design or the structure, the performance of the equipment is dependent on the quality of electronic components of the particular device. Faulty electronic parts can cause an end product to malfunction and even stop working very early on in its product life-cycle. Hence, the demand for quality electronic components is increasing globally. In India, studies have revealed that the electronic components produced include components such as transformers and coils, diodes, transistors, resistors, capacitors, switches, relays, connectors, magnetic heads and so on.

Today, India has a strong industry for these components and is upgrading new technologies such as LED/LCD and solid-state storage devices to keep the market share consistent and growing at all times. Consumer durables and telecommunication account for the major demand for electronic components in India followed by information technology and office automation and automotive industries. Other application industries like industrial electronics, medical electronics, strategic electronics and lighting industry contribute to the balance of the market. Moreover, the Indian government has initiated projects like Smart City and Digital India to boost the demand for IoT within the national market.

The digital banking sector, including payment banks and wallet players, is another factor raising demand for VSAT and POS mobile ATMs. These will give further impetus to the rapidly expanding electronics industry and in turn to the electronic component industry. Moving ahead, India is also integrating renewable energy technologies by investing in solar-powered pump sets and water pumping stations. Under the effect of these factors, the industry is poised to tread on a path of rapid growth.

We studied this industry segment in-depth and have come up with the list of 10 Most Promising Electronic Component Distributors who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.

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