Global Electrical And Electronics Components market size is expected to reach $114.41 billion by 2029 at 11.6%, rising adoption of smartphones to drive market growth

The Industrial Electrical Component Market Size & Share and It is Segmented by Types (Cables, Wires, Power Distribution Units, Switchgears, Transformers, and Switchboards ), by Sales Channels (OEM & Aftermarket), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Report Offers the Market Size and Forecasts in Revenue for all the Above Segments.

Active Electronic Components Market size growing with a CAGR of 9.1% in the prediction period and it crosses US$ 729.48 Bn by 2032 from US$ 396.24 Bn in 2025.

The Electronic Components Market Report is Segmented by Component (Active Components, and Passive Components), Mounting Technology (Surface-Mount Devices, and Through-Hole Devices), Material System (Silicon and SiGe, Compound Semiconductors, Ceramic Dielectrics, and More), End-User Industry (Automotive, Consumer Electronics and Computing, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The electrical components market is projected to grow significantly over the next decade, driven by rising demand from various end-use industries such as consumer electronics, automotive, and healthcare. The market is expected to reach a value of $ million by 2033, expanding at a CAGR of $ during the forecast period. Key factors contributing to this growth include advancements in technology, increasing automation, and the proliferation of IoT devices. Regional analysis reveals that Asia Pacific holds the largest market share, followed by North America and Europe. The growth in Asia Pacific is primarily attributed to the presence of major electronics manufacturing hubs in countries like China, Japan, and South Korea. North America and Europe are also expected to witness steady growth, driven by increasing demand for electrical components in automotive and industrial applications. Key players in the market include Texas Instruments, Murata, ABB, and STMicroelectronics, among others. These companies are focusing on product innovation and strategic partnerships to maintain their competitive edge.

Electrical Components Market Outlook

The global electrical components market size was valued at approximately USD 175 billion in 2023 and is projected to reach around USD 280 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% over the forecast period. The steady rise in market size can be attributed to the increasing demand for electronic devices across various industries, the proliferation of automation and smart technologies, and advancements in manufacturing processes. As the world becomes increasingly reliant on electronic systems, the need for efficient and reliable electrical components continues to surge.

One of the significant growth factors for the electrical components market is the rising adoption of consumer electronics. With the proliferation of smartphones, tablets, laptops, and wearable devices, there has been a substantial increase in demand for essential components such as resistors, capacitors, and connectors. This trend is further fueled by the constant advancements in technology, which necessitate more sophisticated and miniaturized components, thereby driving market growth. Additionally, the increasing disposable income of consumers worldwide has augmented the consumption of electronic gadgets, further bolstering the market.

The burgeoning automotive industry also plays a crucial role in the expansion of the electrical components market. The shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) has significantly increased the demand for specialized electrical components like transformers, inductors, and relays. Moreover, advancements in automotive technologies, including autonomous driving systems, advanced driver assistance systems (ADAS), and in-car entertainment, have led to an increased need for high-quality and reliable electrical components. This trend is expected to continue as the automotive industry invests heavily in research and development to enhance vehicle safety, efficiency, and performance.

Furthermore, the industrial sector's growing emphasis on automation and the Industrial Internet of Things (IIoT) is another pivotal growth factor for the electrical components market. Industries are increasingly integrating automation solutions to improve operational efficiency, reduce labor costs, and enhance productivity. This shift has led to a higher demand for components such as switches, relays, and connectors, which are essential for the smooth functioning of automated systems. The ongoing digital transformation in industries, coupled with the adoption of smart manufacturing practices, is anticipated to drive the marketÂ’s growth significantly.

Regionally, Asia Pacific dominates the electrical components market, accounting for the largest share in 2023. The region's dominance can be attributed to the robust growth of the electronics manufacturing sector in countries like China, Japan, and South Korea. Additionally, the increasing penetration of consumer electronics, coupled with rising investments in industrial automation and smart grid projects, has further propelled the market in this region. North America and Europe also hold significant market shares, driven by advancements in automotive technologies and the rising adoption of smart home devices. Latin America and the Middle East & Africa, though smaller in market share, are expected to witness substantial growth due to increasing urbanization and industrialization.

Passive Electric Components, such as resistors, capacitors, and inductors, play a crucial role in the functioning of various electronic devices. These components do not generate energy but instead store, dissipate, or manage electrical energy within a circuit. Their importance is underscored by their widespread use in consumer electronics, automotive systems, and industrial applications. The demand for passive electric components is driven by the need for reliable and efficient performance in electronic circuits, as they help in filtering, tuning, and energy storage. As technology advances, the development of more compact and efficient passive components is becoming essential, particularly in the miniaturization of electronic devices. This trend is expected to continue, with innovations in materials and design leading to enhanced performance and new applications.

Component Type Analysis

The electrical components market is segmented by component types, which include resistors, capacitors, inductors, transformers, relays, switches, connec

This statistic shows the electronics components total available market size worldwide from 2014 to 2018. In 2014, the electronics components total available market had a size of 303 billion U.S. dollars.

Global Electrical Components market size 2021 was recorded $163.306 Billion whereas by the end of 2025 it will reach $198.5 Billion. According to the author, by 2033 Electrical Components market size will become $293.275. Electrical Components market will be growing at a CAGR of 5% during 2025 to 2033.

Global General Electrical Equipment And Components market size is expected to reach $123.29 billion by 2029 at 6.5%, iot integration enhancing electrical equipment and components market growth

The global electrical components market is experiencing robust growth, driven by the increasing demand across diverse sectors. The market, estimated at $500 billion in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $850 billion by 2033. This growth is fueled by several key factors. The proliferation of consumer electronics, particularly smartphones, wearables, and IoT devices, is a major driver. The automotive industry's shift towards electric vehicles (EVs) and advanced driver-assistance systems (ADAS) significantly boosts demand for sophisticated electrical components. Furthermore, the expanding networking and telecommunication infrastructure, along with the growing adoption of automation and robotics in manufacturing and other industries, contributes substantially to market expansion. Active components, encompassing integrated circuits and semiconductors, represent a larger market share compared to passive components like resistors and capacitors, owing to the increasing complexity and functionality of electronic devices. Geographically, North America and Asia Pacific are currently the dominant regions, fueled by strong technological advancements and manufacturing hubs, respectively. However, emerging economies in other regions are witnessing accelerated growth, presenting lucrative opportunities for market players. Market restraints include supply chain disruptions, geopolitical uncertainties, and the increasing reliance on specialized manufacturing processes. Nevertheless, ongoing innovation in materials science, miniaturization technologies, and the development of energy-efficient components are counteracting these challenges. Leading companies like Texas Instruments, Murata, and STMicroelectronics are strategically investing in R&D and expanding their product portfolios to capture market share and capitalize on the emerging trends. The competitive landscape is characterized by both established players and emerging companies vying for dominance. Segmentation analysis reveals the consumer electronics sector to be the largest application segment, with significant contributions from automotive and industrial applications. The forecast period anticipates continued growth across all segments, with considerable potential for expansion in healthcare and aerospace & defense due to technological integration and increased automation.

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Active Electronic Components Market Size 2024-2028

The active electronic components market size is forecast to increase by USD 125.3 billion at a CAGR of 6.78% between 2023 and 2028. The market's growth is influenced by various factors, such as the rising demand for IoT devices, which drives the growth of semiconductors. Additionally, there's a growing need for renewable energy sources, further stimulating market expansion. These factors collectively contribute to the market's upward trajectory, reflecting the increasing reliance on IoT technologies and the shift towards sustainable energy solutions. Moreover, the proliferation of connected devices and the Internet of Things (IoT) has significantly increased the demand for semiconductor devices. This trend is expected to continue as more industries and applications adopt IoT platforms. Additionally, the growing focus on renewable energy sources to mitigate environmental concerns is driving the demand for energy-efficient semiconductor devices, further propelling market growth.

What will be the Size of the Active Electronic Components Market During the Forecast Period?

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Active Electronic Components Market Segmentation

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

End-user Outlook

  Consumer electronics
  Networking and telecommunications
  Automotive
  Manufacturing
  Others 





Product Outlook 

  Semiconductor
  Vacuum tube
  Display devices





Region Outlook 

  North America

    The U.S.
    Canada





  Europe

    U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By End-User

The market share growth by the consumer electronics segment will be significant during the forecast period. The market encompasses circuits that convert electrical input signals into functional outputs, utilizing electricity as an energy source. This market caters to various applications, including AC circuits and DC circuit in connected devices such as laptops, wearable devices, and industrial automation services. The healthcare industry and MEMS technology also benefit from these components, with semiconductors, diodes, transistors, and integrated circuits (ICs) being key players.

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The consumer electronics segment was valued at USD 84 billion in 2018. In the automotive sector, ICs are integral to electric vehicles, autonomous vehicle technologies, parking assistance, safety airbags, telematics, navigation, and 5G infrastructure. The semiconductor segment, including electric insulators, conductors, and current flow, is essential for the functioning of electrical devices, solid-state storage, resistors, capacitors, and other electronic components. The market's growth is driven by consumer smartphone use, 5G services, and the increasing demand for advanced technologies in various industries. This, in turn, is likely to drive market expansion in the consumer electronics segment throughout the forecast period.

Regional Analysis

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APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in the Asia Pacific region is projected to experience significant growth, driven by increasing demand from industries such as consumer electronics & computing, automotive, aerospace, medical, industrial, and communications. Key end-use products include mobile phones, audio players, wireless routers, and various electronic equipment. NXP Semiconductors and other semiconductor companies are major contributors to this market. The growth is fueled by the expanding consumer base and rising disposable income in developing countries like China and India. This leads to increased demand for electronic devices, including computing components, ICs, amplifiers, and other components like vacuum tubes, inductors, and sensing devices.

Key raw materials include silicon, iron, nickel, molybdenum, and precious metals like palladium and ruthenium. The market is also influenced by digitalization, connectivity, mobility, and miniaturization trends. However, raw materials prices, supply chain issues, and the availability of alternative technologies may pose challenges. Additionally, advancements in technology bring innovations like electrochemical transistors, modular architecture, and am

The global market for passive electrical components is experiencing robust growth, driven by the increasing demand for electronics across diverse sectors. The market, estimated at $50 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $70 billion by 2033. This growth is fueled by several key trends, including the proliferation of smartphones, the expansion of the Internet of Things (IoT), and the rising adoption of electric vehicles (EVs). Miniaturization, improved energy efficiency, and enhanced performance requirements are also significant drivers. Major players like AVX Corporation, Vishay Intertechnology, Murata Manufacturing, and TDK Corporation are shaping market dynamics through continuous innovation and strategic partnerships. The market is segmented by component type (resistors, capacitors, inductors), application (automotive, consumer electronics, industrial), and geography. While supply chain disruptions and material cost fluctuations pose challenges, the long-term outlook remains positive due to consistent technological advancements and increasing global electronics production. The competitive landscape is characterized by established players and emerging companies vying for market share. While established firms hold significant market positions, smaller specialized companies are increasingly focusing on niche applications, fostering innovation and competition. Regional growth is expected to be geographically diverse, with significant contributions from North America, Asia-Pacific, and Europe. However, the Asia-Pacific region, particularly China, is anticipated to be a key growth driver due to its booming electronics manufacturing industry and rising domestic consumption. The future of the passive electrical component market hinges on continuous technological advancements, including the development of more energy-efficient, miniaturized components, and the integration of smart functionalities. The industry's ability to adapt to evolving technological needs and mitigate supply chain risks will be crucial in determining its future trajectory.

Automotive Electrical Components Market Outlook

As per our latest research, the global automotive electrical components market size in 2024 stands at USD 132.7 billion, with a robust compound annual growth rate (CAGR) of 6.2% expected through the forecast period. By 2033, the market is projected to reach approximately USD 227.4 billion, driven by the accelerated adoption of advanced automotive technologies and the growing emphasis on vehicle electrification. The primary growth factor is the increasing integration of sophisticated electrical and electronic systems in modern vehicles, which is transforming the automotive industry landscape.

One of the most significant growth drivers for the automotive electrical components market is the rapid evolution of vehicle electrification. The shift toward electric vehicles (EVs) is fueling demand for high-performance electrical components such as sensors, relays, and wiring harnesses. Manufacturers are investing heavily in research and development to create components that are more energy-efficient, compact, and capable of supporting the higher voltage requirements of new-generation vehicles. This trend is further amplified by stringent emission regulations and government incentives promoting EV adoption globally. As a result, both established automakers and new entrants are expanding their portfolios to include more advanced electrical architectures, which is accelerating market growth.

Another pivotal factor propelling the market is the rising consumer demand for enhanced comfort, convenience, and safety features in vehicles. Modern vehicles are equipped with a multitude of electrical components that power infotainment systems, advanced driver assistance systems (ADAS), and body and comfort features such as automatic climate control and smart lighting. The proliferation of connected cars and the integration of Internet of Things (IoT) technologies have further increased the complexity and volume of electrical components required. Automakers are responding by adopting modular and scalable electrical platforms, which not only improve vehicle performance but also allow for easier upgrades and customization, thus boosting market expansion.

The growing focus on vehicle safety and regulatory compliance is another major driver for the automotive electrical components market. Governments worldwide are mandating the inclusion of advanced safety features, such as electronic stability control, automatic emergency braking, and lane departure warning systems. These safety systems rely heavily on sensors, control devices, and reliable wiring harnesses, leading to increased demand for high-quality electrical components. The trend toward autonomous and semi-autonomous vehicles is also expected to drive further innovation and investment in this sector, as these vehicles require a vast array of sophisticated electrical and electronic systems to function safely and efficiently.

Regionally, Asia Pacific is emerging as the dominant market, supported by the presence of leading automotive manufacturers, rapid urbanization, and a strong push toward EV adoption in countries like China, Japan, and South Korea. North America and Europe are also significant contributors, with a focus on technological innovation, regulatory compliance, and premium vehicle segments. Latin America and the Middle East & Africa are witnessing steady growth, primarily driven by infrastructure development and rising vehicle ownership. The regional dynamics underscore the global nature of the automotive electrical components market, with each region contributing uniquely to overall market expansion.

Component Type Analysis

The component type segment of the automotive electrical components market encompasses switches, relays, sensors, control devices, wiring harnesses, connectors, and others. Each of these components plays a critical role in ensuring the smooth operation and safety of modern vehicles. Switches and relays are fundamental for controlling electrical circuits and power distribution, while sensors and control devices are integral to vehicle automation, safety, and performance monitoring. Wiring harnesses and connectors facilitate seamless electrical connectivity across various vehicle systems, supporting the integration of advanced features and technologies.

Switches and relays remain indispensable in both traditional and electric vehicles,

The Saudi Arabia Industrial Electrical Components Market is segmented by End-User (Power Utility, Oil and Gas, and Infrastructure Sector), and Component (Switchgears, Transformers, Electric Motors and Starters, Monitoring and Controlling Devices, Automation (Feeder Automation and Substation Automation), LED Lighting, and Other Components (Switches, MCB, Panelboards, Pushbuttons, Fuses, Sockets, Circuit Breakers, etc.)).

Active Electrical Components Market Outlook

In 2023, the global active electrical components market size was approximately USD 250 billion and is expected to reach around USD 400 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4%. The growth in this market is primarily driven by the rapid advancements in consumer electronics, automotive technologies, and the increasing adoption of smart devices and IoT applications.

One of the primary growth factors for the active electrical components market is the burgeoning demand for consumer electronics. With the increasing penetration of smartphones, tablets, laptops, and wearable devices, the need for efficient and compact electrical components like semiconductors, transistors, and integrated circuits is on the rise. Furthermore, the rapid advancements in technology, including the evolution of 5G networks, are necessitating the enhancement and miniaturization of these components, driving significant growth in the market.

The automotive sector is another significant driver of the active electrical components market. The shift towards electric vehicles (EVs) and autonomous driving technologies has led to increased demand for advanced electrical components. EVs, in particular, require a substantial amount of semiconductors and integrated circuits for power management, battery management systems, and infotainment systems. Additionally, the drive towards greener technologies and stringent emission regulations globally are propelling the market growth.

The industrial and telecommunications sectors also play a crucial role in the market's expansion. In industrial applications, automation and smart manufacturing are becoming increasingly prevalent, leading to higher demand for reliable and efficient electrical components. Telecommunications, especially with the advancement of 5G technology, requires high-performance semiconductors and diodes to support enhanced data transmission and connectivity. These sectors collectively contribute to the robust growth trajectory of the active electrical components market.

Regionally, the Asia Pacific region is anticipated to dominate the market due to its leading position in semiconductor manufacturing and consumer electronics production. Countries like China, Japan, and South Korea are major hubs for the production of these components, benefiting from substantial investments in R&D and favorable government policies. North America and Europe also show promising growth potential, driven by advancements in automotive technologies and industrial automation. The Middle East & Africa and Latin America are gradually emerging as significant markets, fueled by increasing investments in infrastructure and technology.

Product Type Analysis

The active electrical components market is segmented by product type, including semiconductors, diodes, transistors, integrated circuits, optoelectronic components, and others. Semiconductors hold a dominant position within this segment due to their critical role in a wide range of electronic devices. The demand for semiconductors is propelled by their extensive use in consumer electronics, automotive applications, and industrial machinery. The semiconductor industry is marked by continuous innovation, aiming to enhance performance while reducing size and power consumption.

Diodes, another essential component, are widely utilized in various electronic circuits for rectification, signal modulation, and voltage regulation. The growing demand for efficient power management solutions in both consumer electronics and automotive sectors drives the market for diodes. Additionally, the increasing adoption of renewable energy sources has spurred the need for efficient diode-based power converters and inverters, further boosting market growth.

Transistors, which serve as fundamental building blocks in electronic circuits, are indispensable in the amplification and switching of electronic signals. The miniaturization trend in electronics, coupled with the need for high-speed processing, underscores the importance of advanced transistors. Integrated circuits (ICs), encompassing microprocessors, memory chips, and application-specific integrated circuits (ASICs), are witnessing significant demand due to their widespread applications in computing, communication, and automotive electronics.

Optoelectronic components, including LEDs, photodiodes, and laser diodes, are gaining traction in various applications such as displays, sensing, and communication. The rising popul

Electronic Components Distribution Market size was valued at USD 363.2 Billion in 2023 and is estimated to reach USD 870.2 Billion by 2031, growing at a CAGR of 10.1% from 2024 to 2031.Global Electronic Components Distribution Market DriversThe market drivers for the Electronic Components Distribution Market can be influenced by various factors. These may include:Technological Developments: The need for novel and inventive electrical components is fueled by the quick development of electronics technology. Updated and sophisticated parts are always needed as technology advances.Growth in Consumer Electronics: The need for different electrical components is driven by the rising demand for consumer electronics like wearables, tablets, and smartphones.Global Electronic Components Distribution Market RestraintsSeveral factors can act as restraints or challenges for the Electronic Components Distribution Market. These may include:Disruptions to the Global Supply Chain: Geopolitical tensions, natural disasters, or pandemics can cause disruptions to the global supply chains, which can result in shortages and delays in the availability of electronic components.Price volatility: for raw materials used in electronic components (such as semiconductors and rare earth metals) can have an impact on distributor margins and production costs.

The Industrial Electrical Component Market size was valued at USD 57.20 Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 4.00">> 4.00 % during the forecasts periods. Industrial electrical components are essential elements used in various industrial applications to control, protect, and facilitate the operation of electrical systems. These components include a wide range of devices such as circuit breakers, relays, transformers, switches, and fuses. Circuit breakers are crucial for protecting electrical circuits from damage caused by overloads or short circuits by interrupting the flow of electricity. Relays, on the other hand, are used to control high-power devices with low-power signals, ensuring efficient and safe operation of machinery. Transformers play a vital role in altering the voltage levels to meet the requirements of different industrial equipment, thereby enhancing energy efficiency and safety. Switches are fundamental for controlling the flow of electricity, allowing operators to turn devices on or off as needed. Fuses provide overcurrent protection by melting and breaking the circuit when excessive current flows through, preventing potential hazards. Recent developments include: 2023: Foxconn Technology Co. Ltd inked an agreement with the Indian government to set up a semiconductor fabrication manufacturing unit worth USD 500 million in Hyderabad. Semiconductors, a crucial part of manufacturing industrial electrical components, would help develop its market., 2022: ABB India announced that it would expand and upgrade its small power manufacturing unit in Bengaluru, India. The manufacturing facility would help cater to the growing demand for low-voltage power equipment and components from the industries., 2022: Hitachi Energy invested USD 37 million to expand its transformer manufacturing unit in Virginia. This development would likely cater to the increase in requirements for transformers from industrial facilities, data centers, and renewable energy generators.. Key drivers for this market are: 4., High Electricity Demand from Industries4.; Enhancement in Economic Activities. Potential restraints include: 4., The Complex Maintenance Process of Components And the Emergence of Toxic Wastes that Affect the Environment. Notable trends are: High Energy Demand from Industries is Expected to Drive the Market.

The global market for active electrical components is experiencing robust growth, driven by the increasing demand across diverse sectors. The expanding adoption of consumer electronics, particularly smartphones and wearable devices, fuels significant demand. Furthermore, the automotive industry's shift towards electric vehicles and advanced driver-assistance systems (ADAS) is a major catalyst, requiring sophisticated and highly integrated active components. The telecommunications sector, with its ongoing 5G rollout and the expansion of IoT networks, also contributes significantly to market expansion. Within the various component types, semiconductor devices dominate the market due to their miniaturization capabilities, energy efficiency, and versatility, while the vacuum tube segment maintains a niche presence in specialized applications. The market is geographically diverse, with North America and Asia Pacific currently leading in terms of market share, driven by strong technological advancements and manufacturing capabilities in these regions. However, emerging economies in regions like South America and Africa present significant growth opportunities as technological infrastructure expands. Growth projections indicate a sustained positive Compound Annual Growth Rate (CAGR) throughout the forecast period (2025-2033), albeit potentially moderating slightly in later years due to market saturation in certain segments. However, continuous innovation in materials science, manufacturing processes, and component design promises to counteract this trend. The integration of artificial intelligence (AI) and machine learning (ML) in various applications further propels demand for advanced active components. Despite this positive outlook, challenges remain, including supply chain disruptions, rising material costs, and potential geopolitical uncertainties. Nevertheless, the long-term outlook for the active electrical component market remains optimistic, with substantial opportunities for expansion and diversification across various application segments and geographical regions.

This statistic represents the global electronics component market in 2012, with a breakdown by segment. In 2012, energy components accounted for around ** percent of the electronics component market globally.

The market size of the Electrical Components Market is categorized based on Passive Components (Resistors, Capacitors, Inductors, Transformers, Filters) and Active Components (Diodes, Transistors, Integrated Circuits, Optoelectronics, Power Electronics) and Electromechanical Components (Relays, Switches, Connectors, Sensors, Actuators) and Wiring Devices (Plugs and Sockets, Cable Assemblies, Wiring Accessories, Circuit Breakers, Fuse Holders) and Power Supply Components (Power Modules, Voltage Regulators, Inverters, Battery Chargers, AC-DC Converters) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).