Electrical & Electronics

• The worldwide electrical and electronics industry is predicted to develop at a compound annual growth rate (CAGR) of 10.3 percent from $3,192.85 billion in 2021 to $3,521.21 billion in 2022.
• The quick rate of electronic technology advancement stimulates constant demand for newer and faster electrical and electronic devices.
• The internet of things (IoT) and cutting-edge communication technologies such as 5G are projected to contribute in the creation of novel electrical devices.
• Electronic manufacturing businesses are using virtual reality technologies to boost production efficiency.
• Advanced materials, organic electronics, and miniaturisation are among the primary developments in electronics production. Furthermore, disruptive technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) allow smart manufacturing processes while also driving industry development.