The electronics components market was valued at $0.6 trillion in 2023 and is estimated to reach $1.0 trillion by 2032, exhibiting a CAGR of 6.9% from 2024 to 2032.
Electronics components, within the context of the market, encompass a wide range of fundamental building blocks essential for the functioning of electronic devices and systems. These components include resistors, capacitors, inductors, diodes, transistors, integrated circuits, connectors, and various passive and active electronic elements. They serve as the foundational elements upon which electronic circuits are built, facilitating the flow of electric current, signal processing, voltage regulation, and other crucial functions necessary for the operation of electronic devices across diverse industries.
The nature of the electronics components market is described as dynamic and ever-changing due to swift technological advances, shifting customer preferences, and industry trends that change over time. The electronic component landscape keeps being reshaped by technological innovations such as miniaturization, improved efficiency, and new functionalities. Component manufacturers are faced with new opportunities and threats in emerging technologies like 5G, the Internet of Things (IoT), artificial intelligence (AI), and self-driving cars. Moreover, globalization and supply chain interdependencies influence market dynamics thereby affecting pricing, availability, and quality of electronic components among other factors. The shift in consumers taste towards environmentally friendly and sustainable electronic goods has therefore necessitated manufacturing environmentally conscious components through sustainable manufacturing processes. Lastly, regulatory standards conformity significantly influences product development strategies for electronics component manufacturers including manufacturing practices as well as market entry strategies for electronics component suppliers. Amongst all these variables adaptability; innovative technology advancement; an understanding of the business model; and strategic partnerships helped navigate through the complexities of this market sector guaranteeing competitiveness in a continuously evolving environment.
Based on type, the market is divided into active components, passive components, and electromechanical components. In 2022, active components dominated the market in terms of revenue. Moreover, the passive components segment is projected to have the highest CAGR during the forecast period. Passive constituents are believed to be the fastest-growing segment with the highest annual CAGR during the forecast period due to their significance across various electronic applications like telecommunications, automotive electronics, and consumer electronics. Passive elements such as resistors, capacitors, and inductors will witness a boom due to the rapid popularity of IoT devices, smart appliances, and electric vehicles. Besides, the wide adoption of these components across various industry domains can be attributed to improved passive component technologies including miniaturization, better performance levels as well as increased overall reliability.
On the basis of application, the market is classified into consumer electronics, automotive, industrial automation, telecommunication, aerospace and defense, healthcare, energy and power, and others. In 2022, the consumer electronics segment dominated the market in terms of revenue. However, the automotive segment is expected to manifest the highest CAGR during the forecast period. The automotive sector in the electronics components market is the fastest growing due to the increasing complexity and popularity of automotive electronics, advancements in technologies such as electric vehicles and smart features, and the growing demand for vehicles, especially in the Asia-Pacific region.
By region, the electronics components industry opportunity is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (UAE, Saudi Arabia, and rest of Middle East and Africa). Asia-Pacific holds a major share in the global electronics components market in the year 2023, owing to the presence of major players such as Samsung Electronics, Taiwan Semiconductor Manufacturing Company Limited, Sony Corporation, Panasonic Corporation, and Murata Manufacturing Co., Ltd.
Electronics components, within the context of the market, encompass a wide range of fundamental building blocks essential for the functioning of electronic devices and systems. These components include resistors, capacitors, inductors, diodes, transistors, integrated circuits, connectors, and various passive and active electronic elements. They serve as the foundational elements upon which electronic circuits are built, facilitating the flow of electric current, signal processing, voltage regulation, and other crucial functions necessary for the operation of electronic devices across diverse industries.
The nature of the electronics components market is described as dynamic and ever-changing due to swift technological advances, shifting customer preferences, and industry trends that change over time. The electronic component landscape keeps being reshaped by technological innovations such as miniaturization, improved efficiency, and new functionalities. Component manufacturers are faced with new opportunities and threats in emerging technologies like 5G, the Internet of Things (IoT), artificial intelligence (AI), and self-driving cars. Moreover, globalization and supply chain interdependencies influence market dynamics thereby affecting pricing, availability, and quality of electronic components among other factors. The shift in consumers taste towards environmentally friendly and sustainable electronic goods has therefore necessitated manufacturing environmentally conscious components through sustainable manufacturing processes. Lastly, regulatory standards conformity significantly influences product development strategies for electronics component manufacturers including manufacturing practices as well as market entry strategies for electronics component suppliers. Amongst all these variables adaptability; innovative technology advancement; an understanding of the business model; and strategic partnerships helped navigate through the complexities of this market sector guaranteeing competitiveness in a continuously evolving environment.
Based on type, the market is divided into active components, passive components, and electromechanical components. In 2022, active components dominated the market in terms of revenue. Moreover, the passive components segment is projected to have the highest CAGR during the forecast period. Passive constituents are believed to be the fastest-growing segment with the highest annual CAGR during the forecast period due to their significance across various electronic applications like telecommunications, automotive electronics, and consumer electronics. Passive elements such as resistors, capacitors, and inductors will witness a boom due to the rapid popularity of IoT devices, smart appliances, and electric vehicles. Besides, the wide adoption of these components across various industry domains can be attributed to improved passive component technologies including miniaturization, better performance levels as well as increased overall reliability.
On the basis of application, the market is classified into consumer electronics, automotive, industrial automation, telecommunication, aerospace and defense, healthcare, energy and power, and others. In 2022, the consumer electronics segment dominated the market in terms of revenue. However, the automotive segment is expected to manifest the highest CAGR during the forecast period. The automotive sector in the electronics components market is the fastest growing due to the increasing complexity and popularity of automotive electronics, advancements in technologies such as electric vehicles and smart features, and the growing demand for vehicles, especially in the Asia-Pacific region.
By region, the electronics components industry opportunity is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (UAE, Saudi Arabia, and rest of Middle East and Africa). Asia-Pacific holds a major share in the global electronics components market in the year 2023, owing to the presence of major players such as Samsung Electronics, Taiwan Semiconductor Manufacturing Company Limited, Sony Corporation, Panasonic Corporation, and Murata Manufacturing Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic components market analysis from 2023 to 2032 to identify the prevailing electronic components market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electronic components market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electronic components market trends, key players, market segments, application areas, and market growth strategies.
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- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
- Active Components
- Passive Components
- Electromechanical Components
By Application
- Aerospace and Defense
- Healthcare
- Energy and Power
- Others
- Consumer Electronics
- Automotive
- Industrial Automation
- Telecommunication
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- Rest of Middle East And Africa
- NXP Semiconductors N.V.
- Panasonic Corporation
- Renesas Electric Corporation
- API Technologies Corp
- AVX Corporation
- Eaton Corp.
- Datronix Holdings
- Fujitsu Component
- fci electronics
- Hitachi AIC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ELECTRONIC COMPONENTS MARKET, BY TYPE
CHAPTER 5: ELECTRONIC COMPONENTS MARKET, BY APPLICATION
CHAPTER 6: ELECTRONIC COMPONENTS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
Key Market Players in the Electronic Components Market include:- NXP Semiconductors N.V.
- Panasonic Corporation
- Renesas Electric Corporation
- API Technologies Corp
- AVX Corporation
- Eaton Corp.
- Datronix Holdings
- Fujitsu Component
- fci electronics
- Hitachi AIC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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