General Electronic Components Market Report 2025

The general electronic components market size has grown strongly in recent years. It will grow from $498.06 billion in 2024 to $541.29 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to rise in disposable income, increased internet penetration, low interest rate environment, high investments.

The general electronic components market size is expected to see strong growth in the next few years. It will grow to $735.57 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to rising demand for electronic components in display devices, rise in demand for internet of things (IoT), provide financially lucrative opportunities. Major trends in the forecast period include 3D printed electronic components, rise in merger and acquisition activity, artificial intelligence and machine learning in electronic components manufacturing, modular connector systems for transportation applications, rising collaborations and partnerships.

The rising number of satellites is anticipated to drive the growth of the general electronics components market in the future. A satellite is a device launched into space to orbit the Earth and gather data. General Electric's components and expertise play a vital role in satellite manufacturing by supplying essential subsystems, materials, and components tailored to meet the specific requirements of space environments. For example, a report published by the UK Space Agency in May 2024 revealed that as of April 2024, the number of active satellites in orbit has surpassed 9,000 and is expected to exceed 60,000 by 2030. Thus, the increasing number of satellites is contributing to the growth of the general electronics components market.

The rising number of satellites is anticipated to drive the growth of the general electronics components market in the future. A satellite is a device launched into space to orbit the Earth and gather data. General Electric's components and expertise play a crucial role in satellite manufacturing by supplying essential subsystems, materials, and components tailored to the specific requirements of space environments. For example, in May 2024, a report from the UK Space Agency, a government executive agency in the UK, stated that as of April 2024, there were over 9,000 active satellites in orbit, with projections suggesting this number could exceed 60,000 by 2030. Thus, the increasing number of satellites is propelling the growth of the general electronic components market.

The growth of the general electronic components market is significantly influenced by the adoption of the Internet of Things (IoT), representing a key trend in recent years. The IoT has witnessed substantial expansion, providing a platform for communication and connection among diverse devices, including fitness watches, smartphones, and smart meters. General electronic components such as resistors, transistors, capacitors, and diodes play a crucial role in the fabrication of smart devices, sensors, and actuators that establish interconnectivity. According to IoT Analytics, global IoT connections experienced an 18% growth in 2022, reaching 14.3 billion active IoT endpoints. Projections indicate that there will be over 30 billion IoT connections, averaging approximately 4 IoT devices per person, by 2025, highlighting a substantial demand for IoT devices.

Major companies engaged in the general electronic component market are actively pursuing innovative solutions to fortify their market presence. Innovative diode solutions involve the application of advanced diode technologies to address challenges and create opportunities across various industries. For example, in May 2023, Littelfuse Inc., a US-based electronics company, introduced the LTKAK2-L series high-power TVS diodes in a surface-mount package. The LTKAK2-L Series TVS Diodes, designed for compatibility with automated PCB assembly methods, come in a compact surface-mount package. This smaller solution, housed in a modified SMTO-218 package, allows designers to achieve robust circuit protection while utilizing less PCB area compared to axial leaded alternatives. With a surge current rating of 2 kA, these diodes enable designs to meet IEC-61000-4-5 Level 4 criteria, providing protection for a broad range of high-reliability AC and DC power supplies and applications.

Major companies operating in the general electronic components market include Murata Manufacturing Co., Ltd., STMicroelectronics, Infineon Technologies, TE Connectivity, TDK Corporation, Yageo Corporation, Amphenol Corporation, Vishay Intertechnology, Texas Instruments, Analog Devices, Inc., Fairchild Semiconductor, EPCOS, API Technologies, Siemens Ltd, Bosch Ltd, ABB India Ltd, Crompton Greaves Ltd, Exide Industries Ltd, Bharat Electronics Ltd, Sterlite Technologies Ltd, Amar Raja Batteries Ltd, Surya Roshini Ltd, Finolex Cables Ltd, Qualcomm India Pvt Ltd, Honey well Automations India Ltd, 3M India Ltd, V Guard Industries Ltd, Schmersal India Private Limited, Svel Sensors & Controls Private Limited, Medical Sensors India Private Limited, Turck India Automation Private Limited, AAC Technologies, China Electronics Cooperation, Fujian Jinhua Integrated Circuit, Suzhou Orientation Semiconductors, Western Digital, Seagate Technology, Toshiba, Xiaomi Corporation, Meizu Technology Co., Ltd, Konka Group Co., Ltd, Hisense Group, Kyocera, Panasonic Corporation, Renesas Electric Corporation, Hitachi, Agilent Technologies Japan, Selko Epson, Yamaha, NEC, Fujitsu Components, Sharp, Sanyo, Pioneer, Slovakia, Sony, Foxconn and Daimler, Peugot, Prestigio Technologies, King Brother, JSC Eltech-SPb, Crocus nano Electronics, Korona Semiconductor, Rohm Semiconductors, Maxim Integrated Products Inc., Arrow Electronics, ON Semiconductor Corporation, New York Semiconductor, Rochester Electronics, Gama Electronics, AVX Corporation, Eaton Corp, Advanced Micro Devices, Smart Modular Technologies, IntelBras, Tecsys, The Leadership Group, Multilaser, Flextronics, LG, Digitron, Foto Electronica Beta Srl, AUTER, Ducasse Comercial Ltd, Tekemi, Videocorp, Satelinx Ingeniería Limited, Linktronic, Arabian Power Electronics Company, Leap Technologies FZC, United Transformers Electric, Electro Power Systems, Electro Mechanical Company LLC, Avnet South Africa, Samsung Electronics, Electrocomp (PTY) Ltd.

Asia-Pacific was the largest region in the general electronic components market in 2024. North America was the second-largest region in the global general electronic components market share. The regions covered in the general electronic components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the general electronic components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The general electronic components market consists of sales of resistor, capacitor, transistor, and other components. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

General electronic components are devices operating within electronic systems, influencing their associated fields. These components typically feature multiple electrical terminals interconnected to form specific electronic circuits, serving functions such as amplification or oscillation.

The primary types of general electronic components include passive components, active components, electromechanical components, and others. Electromechanical components utilize electrical signals to induce mechanical changes, such as the rotation of a motor. The generation of a magnetic field by an electrical current leads to physical movement. These products are distributed through aftermarket channels and manufacturer/distributor/service providers, catering to end users in industries such as aerospace, communication, automotive, and more.

The general electronic components market research report is one of a series of new reports that provides general electronic components market statistics, including general electronic components industry global market size, regional shares, competitors with a general electronic components market share, detailed general electronic components market segments, market trends and opportunities, and any further data you may need to thrive in the general electronic components industry. This general electronic components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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