2025 Taiwan Industrial Outlook - Electronic Components and Display Industry
Looking back at 2024, as global suppliers have largely completed inventory destocking and generative AI continues to expand its presence in end applications, Taiwan's electronic component industry benefited from the recovering demand in the terminal market. All sub-sectors of components posted positive year-on-year quarterly growth compared with 2023. Under these combined effects, the global electronic components and flat panel display industry output reached USD 399.4 billion, representing a 3.0% increase from the previous year. The driving force for the global PCB industry remained concentrated in high-end application sectors with rapid growth, particularly products and systems derived from AI and autonomous vehicles.