In 2022, the worldwide electronic components market was estimated to be worth USD 186.38 billion. It is expected to reach USD 328.50 billion by 2031, expanding at a 6.5 per¬cent CAGR over the forecast period (2023-2031). With this growth trajectory at hand, Electronic Components Distributors have been witnessing quite the growth, wherein, clients are looking for a trustworthy distributor who can not only offer them with required products but also hand hold them with a solution-oriented approach.
VYTEC is not only a distributor, but a reputed solution-ori¬ented company that focuses on R&D, OEM, repair & services, and contract manufacturing for its clients all over the world. With its diverse geographic presence, research and develop¬ment skills, and market leadership, it has created a niche for itself in the industry today. VYTEC, through its subsidiaries, has been successfully designing, developing, manufacturing, and marking application-specific components.
A Comprehensive Range of Product Portfolio
VYTEC offers a whole gamut of products which includes Pas¬sives, Active, Cable & Accessories, Connectors like MIL Grade, Space Qualified, Automotive Grade, Relays, Electromechanical, Robotics, Computer & Peripherals, Evaluation/Development Kits, IT-related Products, Test and Measuring Instruments.
The company’s products are used in Military/Defence, Space Tech¬nology, Medical, automotive, industrial power control, power management, consumer electronics, computing and data stor¬age, switches, and routers, sensing solutions, and security in IoT applications. It has a business presence across Asia Pacific, Europe, the Middle East, the United Kingdom, and the Ameri¬cas.“We ensure that design teams stay in touch with suppliers, technological roadmaps, and capital investment plans, and evolve product design accordingly. Our organization adds new alternative suppliers and examines new suppliers for common products on a regular basis. To mitigate interruptions that may occur in a single region, we analyze a supplier's global footprint. We have strengthened communication and visibility among product design, procurement, and supply chain management departments to give suppliers the lead time they desire", says Shashi Kumar Ganesh, Founder & Managing Partner at VYTEC. “We have open channels of contact with our suppliers when it comes to products that are on order or in transit. We notify our clients about the status of their products and the availability of alternative options", he further adds.
Vytec incorporates detailed cost tracking, projections un¬der various scenarios, and risk analytics. Procurement depart-ments are agile and adept within the full gambit of derivative instruments. This permits the most diverse hedging possibili¬ties. Vytec understands that customers do not want to design with obsolete components, so it labels them as NRND (Not Recommended for New Design) or EOL (End of Life) and no¬tifies customers when this occurs. Furthermore, it provides product alternatives, including the level of risk associated with the substitute part, so buyers may make an informed decision.
Vytec Is Not Only A Distributor But A Solution-Oriented Company That Focuses On R&D, Oem, Repair & Services, & Contract Manufacturing Clients Throughout The World
VYTEC also provides direct customer support, in which it col¬laborates with original manufacturers to help consumers make decisions, give customer support, and handle technical issues. “Since we offer a wide range of products, we act as a single point of contact for technical and product support for a num¬ber of manufacturers. We collaborate with manufacturers to establish customer support centres to assist in the resolution of technical issues and to give a channel for inbound sales. We are an authorized distributor of test and measurement devic¬es, offering sales as well as service", highlights Shashi. Going forward, VYTEC would be constantly reinventing itself and staying abreast of the changing market dynamics to serve its customers to the fullest
