Europe Electronic Components Market – Industry Trends and Forecast to 2030

Europe Electronic Components Technology Market Analysis and Size

Europe has a strong automotive manufacturing sector, and electronic components play a crucial role in modern vehicles. The increasing demand for electric vehicles (EVs), autonomous driving systems, advanced safety features, and infotainment systems is driving the demand for electronic components in the automotive sector.

Data Bridge Market Research analyses that the Europe electronic components market which was USD 51,222 million in 2022 is expected to reach USD 91,382.26 million by 2030, and is expected to undergo a CAGR of 7.7% during the forecast period 2023-2030. This indicates the market value. “Processors” dominates the type segment of the Europe electronic components market due to they are often referred to as the "brain" of electronic devices. They serve as the core computing units responsible for executing instructions and managing tasks, making them an essential component in nearly all electronic devices. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Electronic Components Market Scope and Segmentation

Market Definition

Electronic Components or IVR refers to a technology which allows humans to interact with an automated telephone system. Apparently, it receives a combination of telephone input and keypad selection tone to basically provide appropriate responses to inquiries in the form of voice, email, fax, call back, and other contact methods. The major purpose of Electronic Components is to interact with callers, collect information and direct the incoming calls to the appropriate recipients.

Europe Electronic Components Market Dynamics

Drivers

• Automotive Industry

Europe has a strong automotive manufacturing sector, and electronic components play a crucial role in modern vehicles. The increasing demand for electric vehicles (EVs), autonomous driving systems, advanced safety features, and infotainment systems is driving the demand for electronic components in the automotive sector.

• Industrial Automation

Industrial automation and Industry 4.0 initiatives are on the rise in Europe. Electronic components are essential for the development of smart factories, robotics, and process automation systems, leading to increased demand for components such as sensors, microcontrollers, and industrial communication modules.

Opportunities

• Advanced Automotive Electronics

The automotive industry in Europe was transitioning toward electric vehicles (EVs), connected cars, and autonomous driving technologies. This shift created opportunities for electronic component manufacturers to supply advanced sensors, power electronics, and connectivity solutions.

• Industrial IoT (IIoT)

 Industry 4.0 and the Industrial Internet of Things (IIoT) were gaining traction in Europe. This presented opportunities for electronic components like sensors, actuators, and communication modules to enable smart manufacturing and automation.

Restraint/Challenge

• Supply Chain Disruptions

The Europe electronic components market relies heavily on global supply chains. Disruptions, such as those caused by the COVID-19 pandemic, highlighted vulnerabilities in the supply chain, including shortages, logistics challenges, and lead time uncertainties

This Europe electronic components market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial maintenance services in operational improvement and operational maintenance market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In April 2021, SCHURTER launched DKIV-1 series, a current compensated choke designed for 1-phase high-current application on circuit boards. This choke is compact and lightweight. The new product would help the company to increase its product portfolio and leave its footprint in the market
• In November 2020, NXP Semiconductors has announced that they are collaborating with Amazon Web Services (AWS) to extend their opportunities for connected vehicles. With this collaboration, the company will deliver a secure, edge-to-cloud compute solution for its next-generation vehicles. This will help the company to accelerate its digital transformation initiative and expand its customer base

Europe Electronic Components Scope

The Europe electronic components market is segmented on the basis of component, function and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component Type

• Processors
• Motors
• Battery
• Microcontroller
• Integrated Circuit (IC)
• Circuit Breakers
• Transformers
• Capacitors
• Diode
• Resistors
• Inductor
• Switches
• Relays
• Fuse
• Others

Commodities Type

• Brown Goods
• White Goods
• Small White Goods
• Others

Product Type

• Active
• Passive
• Electromechanical Components
• Others

End Use Type

• Consumer Electronics
• Networking and Telecommunication
• Manufacturing
• Automotive
• Aerospace and Defense
• Healthcare
• Others

Europe Electronic Components Market Regional Analysis/Insights

The countries covered in the Europe electronic components market report are Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium and Rest of Europe.

Germany dominates the Europe electronic components market because of the high rate of adoption of electronic components technology within the region over the forecast period of 2023-2030. Moreover, the increased research and development proficiencies to improve the technology is further estimated to accelerate the expansion over the forecast period 2023-2030.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe Electronic Components Market Share Analysis

The Europe electronic components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Europe electronic components market.

Some of the major players operating in the Europe electronic components market are:

• Schurter (U.K)
• Infineon Technology AG (U.K.)
• NXP Semiconductors (U.K.)

SKU-63767