Precious Metals in Electronic Devices Market size is estimated to be USD 10.5 Billion in 2024 and is expected to reach USD 18.7 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The global market for precious metals in electronic devices was valued at approximately USD 10.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The demand for these metals, such as gold, silver, and platinum, is driven by the increasing use of advanced electronics in consumer devices, automotive, and industrial applications. In 2022, North America held a dominant market share, accounting for around 35% of the total market, owing to the presence of major electronics manufacturers and rising demand for high performance electronic devices. The Asia Pacific region followed closely, contributing to a significant portion of the market due to the growing production of electronics in countries like China, Japan, and South Korea.
Europe is expected to witness considerable growth in the coming years, with an estimated CAGR of 6.2% during the forecast period. The rising demand for eco friendly and sustainable electronics in the region is likely to boost the consumption of precious metals in electronic devices. Meanwhile, the Middle East and Africa (MEA) and Latin America are projected to experience moderate growth due to increasing industrialization and adoption of electronics in these regions. The overall market for precious metals in electronic devices presents opportunities for manufacturers to innovate in recycling technologies, with a focus on reducing environmental impacts and increasing resource efficiency. These trends are expected to further drive the market growth through 2030.
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Umicore
TANAKA
Heraeus
Technic
Prince & Izant Company
China Rare Metal Material
Materion
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Precious Metals in Electronic Devices Market
Consumer Electronics
Telecommunications
Automotive
Healthcare Devices
Industrial Applications
Gold
Silver
Platinum
Palladium
Rhodium
Consumer Electronics Industry
Telecommunications Industry
Automotive Industry
Healthcare Industry
Industrial Manufacturing
Mobile Devices
Computers and Laptops
Wearable Devices
Home Appliances
Medical Equipment
Mechanical Recycling
Chemical Recycling
Thermal Recycling
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Precious Metals in Electronic Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Precious Metals in Electronic Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Precious Metals in Electronic Devices Market, By Type
6. Global Precious Metals in Electronic Devices Market, By Application
7. Global Precious Metals in Electronic Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Precious Metals in Electronic Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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