In Q3 2024, DigiKey, a prominent global distributor of electronic components and automation products, made a significant leap by expanding its range to include 139 new suppliers and over 611,000 new cutting-edge products across its core business, Marketplace, and Fulfilled by DigiKey programs. This major development underscores DigiKey’s relentless commitment to broadening its industry-leading inventory and retaining its pivotal role in the global electronic component distribution landscape. The inclusion of notable suppliers such as 3DMakerPro, Anker, and Applied Measurements enhances the company’s portfolio in pivotal areas like 3D scanning, mobile charging, audio entertainment, and sensor technologies, ensuring that their diverse array of products caters to dynamic and versatile applications including semiconductors, power supplies, capacitors, connectors, industrial automation, IoT, and vehicle automation.
The company’s expansion this quarter is particularly noteworthy given the introduction of standout products which mark significant advancements in their respective domains. Among these are the STM32MP25 application processors from ST, designed for secure computing and advanced edge AI; Arduino’s Plug and Make Kit, which simplifies the entry into electronics without the need for a breadboard; TDK-Lambda’s HWS3000G/GT series, fully programmable power supplies supporting either single-phase or three-phase inputs; Kemet’s SMP255 X and SMP253 Y capacitors that excel in EMI filtering and other safety-critical applications due to their high insulation resistance and excellent voltage pulse handling; and Molex’s NextStream Connector System, which aligns with PCIe Generation 6 standards facilitating data rates up to 64Gbps. By ensuring the integration of these advanced products into their offerings, DigiKey continues to push the envelope in meeting the ever-evolving technological needs of engineers, designers, and procurement professionals globally.
Broadened Product and Supplier Base
One of the essential drivers of DigiKey’s expanded offerings is the strategic partnerships with new suppliers such as 3DMakerPro, Anker, and Applied Measurements. These collaborations are instrumental in diversifying DigiKey’s portfolio, which now spans a wider array of technologies including 3D scanning, mobile charging, audio entertainment, and sensor applications. The increasing relevance of these tech domains speaks volumes about DigiKey’s acute understanding of current market trends and the specific needs of its end users. With such a broad supplier base, DigiKey can offer products that power applications from semiconductors and power supplies to connectors, capacitors, and industrial automation solutions.
In bolstering its supplier and product range, DigiKey is not just adding items to its catalog but is also providing solutions that have the potential to revolutionize different industries. For example, the inclusion of Applied Measurements’ sensor technologies can enhance precision in various applications, from automotive to consumer electronics. Meanwhile, Anker’s mobile charging solutions ensure that users have access to fast, reliable energy sources essential in today’s fast-paced world. Through these strategic partnerships, DigiKey reinforces its dedication to remaining a top-tier distributor that anticipates market demands and responds with a robust lineup of products designed to streamline workflows and ignite innovation.
Key Product Introductions in Q3 2024
DigiKey’s notable product additions this quarter are reflective of the company’s commitment to providing high-quality and innovative electronic components. The STM32MP25 application processors from ST, for instance, are crafted to support secure computing and edge AI applications, offering advanced capabilities crucial for the next generation of devices. Arduino’s Plug and Make Kit represents another significant addition, designed to ease the initiation into electronics without the hassles of using a breadboard—an attractive feature for beginners and hobbyists. The HWS3000G/GT series programmable power supplies from TDK-Lambda are also noteworthy, offering full programmability and compatibility with both single-phase and three-phase inputs, thus expanding possibilities for use in diverse environments.
In addition, products like Kemet’s SMP255 X and SMP253 Y capacitors stand out for their high insulation resistance and excellent voltage pulse handling, making them ideal for EMI filters and other safety-critical applications. Molex’s NextStream Connector System is designed to support PCIe Generation 6 standards, thus facilitating data rates up to 64Gbps—a vital feature for high-performance computing and data-intensive applications. Other innovative entries include NI’s mioDAQ USB Data Acquisition Device, which simplifies modern measurements, and u-blox’s LEXI IoT modules, providing compact and efficient solutions for IoT applications within a 16x16mm package suitable for battery-operated uses. Such diverse and advanced product introductions not only affirm DigiKey’s leadership in the industry but also align with the company’s ongoing strategy to cater to the varied and continually evolving needs of its customer base.
Commitment to Innovation and Growth
In Q3 2024, DigiKey, a leading global distributor of electronic components and automation products, made a significant leap by adding 139 new suppliers and over 611,000 innovative products to its core business, Marketplace, and Fulfilled by DigiKey programs. This expansion highlights DigiKey’s dedication to enhancing its extensive inventory and cementing its crucial role in the global electronic component distribution market. The addition of suppliers like 3DMakerPro, Anker, and Applied Measurements bolsters the company’s offerings in essential areas, including 3D scanning, mobile charging, audio entertainment, and sensor technologies. This diverse product array supports applications in semiconductors, power supplies, capacitors, connectors, industrial automation, IoT, and vehicle automation.
This quarter also saw the introduction of groundbreaking products, marking progress in various fields. These include STM32MP25 application processors from ST for secure computing and advanced edge AI, Arduino’s Plug and Make Kit for easy entry into electronics, TDK-Lambda’s HWS3000G/GT programmable power supplies, and Kemet’s SMP255 X and SMP253 Y capacitors for EMI filtering. Additionally, Molex’s NextStream Connector System, aligning with PCIe Generation 6 standards, facilitates data rates up to 64Gbps. By incorporating these cutting-edge products, DigiKey meets the evolving technological needs of engineers, designers, and procurement professionals worldwide.
