The global average annual growth rate (CAGR) of the global e-cigarette market will grow rapidly by 20.8% in the next ten years. It is expected that by 2025, the global e-cigarette industry output value will reach 61.4 billion US dollars (about two trillion Taiwan dollars). : IC industry, panel industry, circuit board industry, electronic component industry to electronic assembly (EMS) services, a good electronic manufacturing base, the electronic cigarette host supply chain is actually the consumption of 3C product manufacturing supply chain, Taiwan is cutting into electronic cigarettes Competitive advantage industries.
According to the "Global E-cigarette Industry Trend Report 2025" released by Research and Markets in September (2017), "the compound annual growth rate (CAGR) of the global e-cigarette market in the next ten years will increase by 20.8% Rapid growth, it is expected that by 2025, the global e-cigarette industry output value will reach 61.4 billion US dollars (about two trillion Taiwan dollars), of which the United States is the largest market, but the Asia-Pacific region will develop rapidly with the highest compound annual growth rate, 2025 It will account for more than 27% of the global e-cigarette industry output value, and major Asian markets have appeared in China and India, showing that the e-cigarette industry in the Asia-Pacific region is growing at an alarming rate.
If the e-cigarette industry is an emerging industry with horizontal division of labor, manufacturers include e-cigarette hosts and cigarette oil; component manufacturers include chips, batteries, oil-conducting cotton, heating wires, plastics, and hardware, of which e-cigarette hosts are divided into two major Types, electronic cigarettes and heated cigarettes: Most electronic cigarettes belong to non-International Tobacco Group (no use of tobacco), and heated cigarettes belong to International Tobacco Group (use of tobacco).
In the chip supplier part, the chip controls the power adjustment, mode switching, temperature control, power management and other functions of the electronic cigarette. The quality of the chip affects the safety, stability, durability, and even the taste of the atomizer. .
In terms of battery, oil-guiding cotton, and heating wire accessory manufacturers, since electronic cigarettes use 18650 power batteries, battery manufacturers include Sony, LG, SAMSUNG, and Panasonic. Accessories include oil-guiding cotton and heating wire. These accessory manufacturers are usually not professional e-cigarette production brands, for example: MUJI.