According to Data Bridge Market Research, the electronic component market is growing with a CAGR of 9.1% between 2021 and 2028. It is expected to reach USD 3,040,337.43 million by 2028. This increase may be attributed to the prevalence of automation and IoT, along with greater demand for electronics used in manufacturing and defence. As such, paying closer attention when choosing electronic components becomes crucial for successful electronic purchases. The following factors should be taken into account to ensure your selected electronic components are tailored to your needs. Read on to better understand the different elements involved:

1. Specifications of the electronic components required

When purchasing electronic components, it is crucial to determine the specifications required for your project. This includes understanding the technical specifications of the components to ensure their compatibility and optimal performance. From size to material and even to its type, always pay attention to the little details. Current capacity, operating temperature range, voltage rating, and physical dimensions should also be considered. Paying attention to these aspects allows you to identify the components and devices that are compatible with the electrical and mechanical requirements of a given application. As a result, electronic components can last longer without causing safety hazards.

2. Quality of the components

Cost is usually a determining factor during the electronic component procurement process, but quality should not be overlooked as well. Collaborating with reputable manufacturers and/or distributors is a great way to ensure reliable and durable products. Note that while low-quality components may be cheaper, they can cause premature breakdowns and frequent failures, or worse still, an overall poor performance. Briocean owns two advanced Quality Control Centres equipped with over 60 sets of inspection equipment, ensuring our clients receive nothing less than top-quality electronic components that are compliant with international standards. 

3. Suppliers of the components

Selecting the right suppliers mitigates the risk of counterfeit or substandard components. The common types of suppliers available in the industry include original manufacturers, authorised distributors, and independent distributors. The original manufacturers refer to companies that design and manufacture electronic components with their facilities. They then sell their products under their own brand names. Meanwhile, authorised distributors source components directly from manufacturers, ensuring the authenticity of the components. As for independent distributors, they are more flexible and agile in their operations, providing a wide range of components at competitive prices. This results in faster lead times for component delivery saving you hassle when buying electronic components. In addition, opting for independent distributors can be beneficial if you are looking for hard-to-find components.

4. Flexible payment terms and warranty

A reliable warranty policy allows you to seek assistance in case of component defects, while flexible payment terms may be offered by certain manufacturers to alleviate financial constraints. Some suppliers, such as Briocean, guarantee the delivery of 100% genuine items. They may provide flexible payment options on a case-by-case basis. Prior to the procurement process, do carefully review the supplier's terms and conditions for a seamless electronic component sourcing procedure. 

With the aforementioned factors in mind, sourcing your preferred electronic components is made easy. Quality electronic components often contribute to accurate and consistent operations, making the selection process a crucial one.

Founded in 2008, Briocean is one of the world’s leading independent electronic component distributors, catering to diverse industries. Looking for reliable component sourcing solutions? Contact us now for more information.