Component selection is one of the most significant tasks that happen in circuit design and in the lifecycle of product development that may affect printed circuit board assembly. Then, the other tasks are performed to check if the components are integrated, and the device is performing the required functionality or not. Each component is available for a certain period and a graph is made for clear understanding. The product would be available in variation. A new production would be distributed modestly and then it would go to the peak once established and then decline because it is replaced with new technologies.