The innovation we are seeing today in new products continues to amaze. It certainly is an exciting time. Today’s manufacturers continue to introduce smaller, faster, and more powerful semiconductors with more capabilities. As the industry’s new product leader, we make it our mission to bring these new technologies to market for engineers and buyers.
Mouser is stocking the world’s leading products from over 1,200 manufacturer brands. Whether it’s new quad-channel analog-to-digital converters from Analog Devices or mixed-signal microcontrollers from Texas Instruments, engineers and buyers can count on Mouser as a trusted, go-to source for authentic components and technical support. Our technical teams can provide in-depth understanding of the latest solutions, providing customers with valuable guidance and advice.
In 2024, key technology drivers, such as 5G, IoT, AI, and electric vehicles, will continue to accelerate overall consumption and demand. The automotive industry is estimated to drive 20% of overall chip demand and the wireless communication industry is projected to drive 25% of growth by the year 2030.
At the same time, the industry can expect to see new investment. The Semiconductor Industry Association predicts that increased investments, both private and government, will lead to more domestic semiconductor production, which can help avert future chip shortages and ensure the industry meets the growing need from sectors like the automotive, data storage, and wireless connectivity industries.
All of this bodes well for the electronic components industry.