Global Electronic Components Market Growth (Status and Outlook) 2024-2030
The global Electronic Components market size was valued at US$ 445,810 million in 2023. With growing demand in the downstream market, electronic components are expected to witness
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Introduction
The global electronic components market refers to the industry that produces and supplies the fundamental building blocks used in electronic devices and systems. This market encompasses a wide range of components, including - Active components: processors, microcontrollers, integrated circuits (ICs), transistors, diodes, and vacuum tubes, Passive components: resistors, capacitors, inductors, transformers, and fuses, and Electromechanical components: switches, relays, and connectors.
Market Insights
According to the Publishers’ latest study, the global Electronic Components market size was valued at US$ 445810 million in 2023. With growing demand in downstream market, the Electronic Components is forecast to a readjusted size of US$ 622110 million by 2030 with a CAGR of 4.9% during review period.
The Electronic Components industry can be broken down into several segments, Active Components, Passive Components and Electromechanical.
Across the world, the major players cover Analog Devices, Inc., Texas Instruments, Murata, ABB, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Kyocera, Samsung Electro-Mechanics, Omron, etc.
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The industry's leading manufacturers are Texas Instruments, Murata and ABB, with revenue ratios of 4.30%, 3.94% and 3.30%, respectively, in 2019.
Key Features:
The report on Electronic Components market reflects various aspects and provide valuable insights into the industry.
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Research Consultant
Trends:
Miniaturization and Integration: There is a growing trend towards smaller, more compact electronic components to meet the demands of portable and space-constrained devices. This has driven advancements in semiconductor technologies, allowing for higher component density and integrated circuit (IC) integration.
Shift to Smart and Connected Devices: The rise of the Internet of Things (IoT), smart home technologies, and connected consumer electronics has increased the demand for specialized electronic components that enable connectivity, data processing, and intelligent functionality.
Adoption of Wide Bandgap Semiconductors: The adoption of wide bandgap semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), is on the rise. These materials offer improved power efficiency, higher operating temperatures, and better performance compared to traditional silicon-based components.
Diversification of Application Areas: Electronic components are finding applications in an increasingly diverse range of industries, including renewable energy, electric vehicles, medical devices, industrial automation, and aerospace and defence.
Drivers:
Increasing Demand for Consumer Electronics: The continuous demand for smartphones, tablets, laptops, and other consumer electronics is a significant driver for the electronic components market.
Growth in Industrial and Automotive Sectors: The expansion of the industrial and automotive sectors, with the increasing adoption of automation, robotics, and advanced driver assistance systems (ADAS), is driving the demand for electronic components.
Advancements in Renewable Energy Technologies: The growing adoption of renewable energy sources, such as solar and wind power, is creating new opportunities for electronic components used in power conversion, control, and monitoring systems.
Proliferation of IoT and Connected Devices: The rising popularity of IoT devices and the increasing need for connectivity, data processing, and control capabilities are fueling the demand for specialized electronic components.
Opportunities:
Emerging Markets: Developing regions, such as Asia-Pacific, Latin America, and the Middle East, offer significant growth potential as the demand for electronic devices and infrastructure increases.
Automotive Electronics: The growing adoption of electric vehicles and the increasing integration of advanced electronics in traditional and autonomous vehicles create ample opportunities for electronic component suppliers.
Medical Electronics: The rising demand for medical devices, diagnostic equipment, and wearable technologies is driving the need for specialized electronic components in the healthcare sector.
Renewable Energy and Energy Efficiency: The transition towards renewable energy sources and the focus on energy-efficient technologies present opportunities for electronic components used in power conversion, management, and control systems.
Threats:
Supply Chain Disruptions: Global supply chain disruptions, such as those caused by the COVID-19 pandemic, can lead to component shortages and price volatility.
Technological Obsolescence: The rapid pace of technological change in the electronics industry can lead to the quick obsolescence of certain electronic components, posing a risk to manufacturers and suppliers.
Trade Tensions and Tariffs: Geopolitical tensions and the imposition of trade barriers, such as tariffs, can impact the global flow of electronic components and increase costs for manufacturers.
Intense Competition: The electronic components market is highly competitive, with both established players and new entrants vying for market share, which can put pressure on pricing and profit margins.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Electronic Components market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electronic Components market. It includes factors influencing customer ' purchasing decisions, preferences for Electronic Components product.
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Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electronic Components market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electronic Components market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Forecasts and Future Outlook: The global electronic components market is poised for continued growth, driven by the increasing demand for consumer electronics, industrial automation, and emerging technologies.
Market Segmentation:
Electronic Components market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Active components
Passive components
Electromechanical
Segmentation by application
Automotive
Communications and Computing
Lighting
Industrial
Medical
Security Application
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Texas Instruments
Murata
ABB
STMicroelectronics
NXP Semiconductors
Kyocera
Omron
Amphenol
ON Semiconductor
Infineon Technologies
Samsung Electro-Mechanics
TDK Corporation
Analog Devices, Inc.
Molex
Vishay
Qorvo
Nippon Mektron
Vectron
Yageo
Skyworks
Taiyo Yuden Co., Ltd.
Eaton Corp.
TE Connectivity Ltd.
Littelfuse
Panasonic Corporation
KEMET
Nippon Chemi-Con
Microchip
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Electronic Components Market Size 2019-2030
2.1.2 Electronic Components Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Electronic Components Segment by Type
2.2.1 Active components
2.2.2 Passive components
2.2.3 Electromechanical
2.3 Electronic Components Market Size by Type
2.3.1 Electronic Components Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Electronic Components Market Size Market Share by Type (2019-2024)
2.4 Electronic Components Segment by Application
2.4.1 Automotive
2.4.2 Communications and Computing
2.4.3 Lighting
2.4.4 Industrial
2.4.5 Medical
2.4.6 Security Application
2.4.7 Others
2.5 Electronic Components Market Size by Application
2.5.1 Electronic Components Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Electronic Components Market Size Market Share by Application (2019-2024)
3 Electronic Components Market Size by Player
3.1 Electronic Components Market Size Market Share by Players
3.1.1 Global Electronic Components Revenue by Players (2019-2024)
3.1.2 Global Electronic Components Revenue Market Share by Players (2019-2024)
3.2 Global Electronic Components Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Electronic Components by Regions
4.1 Electronic Components Market Size by Regions (2019-2024)
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