Global Electronic Components Market - Industry Trends and Forecast to 2031

Electronic Components Market Analysis and Size

Electronic components are fundamental building blocks of electronic devices and systems. These components include resistors, capacitors, diodes, transistors, integrated circuits, and various other electrical parts. They perform specific functions such as regulating current, storing charge, amplifying signals, and processing data. Electronic components are essential for the functioning of all electronic devices, from smartphones and computers to industrial machinery and automotive systems. They are key elements in the field of electronics, enabling the creation of intricate circuits and electronic products. Electronic components have a wide range of applications in every field related to electronic systems. Being a vital part of electronic systems, this market has great potential to grow at a higher rate in the future.

Data Bridge Market Research analyzes that the global electronic components market was valued at USD 484,625.45 million in 2023 and is expected to reach USD 700,061.60 million by 2031, registering a CAGR of 8.5% during the forecast period of 2023-2030. The active components segment in the product type is expected to grow with the highest growth rate due to the increased use of active semiconductor components such as microprocessors, microcontrollers, and ICs in most 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.

Electronic Components Market Scope and Segmentation

Market Definition

Electronic components are the basic building blocks of electronic circuits or electronic systems. They control the flow of electrons throughout the circuit. They consist of two or more terminals to connect with one another. These components are connected together in an electronic board, such as a printed circuit board, to form the electronic circuit. Active, passive, and electromechanical are three major types of electronic components. Active components are those which possess the gain and can amplify or energize the electric signal. On the other hand, passive components do not possess gain and cannot amplify or energize the electric signal, they can only attenuate it. Electromechanical components convert the electrical signal into mechanical to cause some kind of change.

Global Electronic Components Market Dynamics

Drivers

• Increasing Demand for IoT Devices

The growing adoption of Internet of Things (IoT) technology in various industries, such as healthcare, automotive, and smart homes, is driving the demand for electronic components. IoT devices require sensors, microcontrollers, and connectivity components, boosting the electronic components market.

• Advancements in Automotive Electronics

The automotive industry is undergoing a transformation with the development of electric vehicles (EVs), autonomous driving, and advanced infotainment systems. These innovations rely heavily on electronic components like power semiconductors and sensors, creating a significant market driver.

Opportunities

• 5G Technology Expansion

The rollout of 5G networks is creating new opportunities for electronic components. 5G technology demands a robust infrastructure, including RF components, antennas, and high-frequency semiconductors. As 5G adoption continues, the market for these components is expected to expand.

• Green and Sustainable Electronics

There is a growing emphasis on sustainability and environmentally friendly products. Electronic component manufacturers have the opportunity to develop eco-friendly components, such as energy-efficient semiconductors and recyclable materials, to meet the increasing demand for green electronics.

Restraints/Challenges

• Supply Chain Disruptions

The electronic components market is susceptible to supply chain disruptions, such as the shortage of critical materials, geopolitical tensions, and natural disasters. These disruptions can lead to delays in production and increased costs for manufacturers.

• Intellectual Property Concerns

Intellectual property (IP) theft and counterfeiting of electronic components are ongoing challenges. Protecting valuable IP and ensuring the authenticity of components is essential to maintain the trust of customers and prevent potential security risks in various applications.

Recent Developments

• In March 2020, Infineon Technologies AG has announced a new collaboration with Qualcomm to enable high-quality standard solution for 3D authentication. Infineon is thus extending its application portfolio of its 3D sensor technology for mobile devices. The reference design uses the REAL3 3D Time-of-Flight (ToF) sensor and enables a standardized, cost-effective and easy-to-design integration for smartphone manufacturers
• In October 2020, Volkswagen has adopted NXP battery management solutions for its MEB electrical vehicle platform. The collaboration with Volkswagen centred on the electronics for electric vehicles (EVs). Volkswagen has adopted NXP’s battery management system (BMS) into its innovative MEB platform to help increase vehicle range, extend battery longevity, and enhance safety

Global Electronic Components Market Scope

The electronic components market is segmented on the basis of the components type, commodities type, product type and end use type. The growth amongst these segments will help you analyze 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 Circuits
• Circuit Breakers
• Transformer
• Capacitors
• Diodes
• Resistors
• Inductors
• Relays
• Switches
• Fuse

Commodities Type

• Brown Goods
• White Goods
• Small White Goods

Product Type

• Active
• Passive
• Electromechanical Components

End Use Type

• Consumer Electronics
• Networking & Telecommunication
• Automotive
• Manufacturing
• Aerospace & Defense
• Healthcare

Global Electronic Components Market Country Analysis/Insights

The electronic components market is analyzed and market size information is provided by the country, components type, commodities type, product type, and end use type as referenced above.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, rest of Middle East and Africa, Brazil, Argentina, Colombia, Peru, Chile, Venezuala, Ecuador and rest of South America.

Asia pacific is expected to be dominate in forecast period due to its robust manufacturing ecosystem, technological expertise, and the presence of key industry players, fostering innovation, efficiency, and cost-effectiveness. Europe is expected to be the fastest growing region in the market due to rapid growth of the electronic components market which can be attributed to the region's strong focus on technological innovation, robust manufacturing capabilities, and increasing demand for advanced electronic devices across various industries.

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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Global Electronic Components Market Competitive Landscape and Market Share Analysis

The 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to electronic components market

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

• Infineon Technologies AG (Germany)
• NXP Semiconductors NV (Netherlands)
• Texas Instruments, Inc. (U.S.)
• Toshiba Corp. (Japan)
• Intel Corporation (U.S.)
• Maxim Integrated (U.S.)
• Broadcom Inc. (U.S.)
• Qualcomm Inc. (U.S.)
• Analog Devices, Inc. (U.S.)
• Advanced Micro Devices (U.S.)
• Microchip Technology, Inc. (U.S.)
• Monolithic Power Systems, Inc. (U.S.)
• Samsung Semiconductor, Inc. (South Korea)
• SK Hynix Inc. (South Korea)
• Mediatek Inc. (Taiwan)
• Hitachi Ltd. (Japan)
• Schurter (S) Pte, Ltd. (Switzerland)
• Rewell Industrial Co. Ltd. (Taiwan)
• Kyocera Electronics Devices (Japan)
• Watts Electronics Pvt. Ltd. (India)

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