Global Electrical And Electronics market size is expected to reach $5584.89 billion by 2029 at 7%, segmented as by type, electrical equipment, measuring and control instruments, electronic products

China accounted for about ** percent of the global market for electrical engineering and electronics. The Chinese electrical and electronics industry's estimated value is sized at about *** trillion euros. Globally, the market was sized at around *** trillion euros in 2019. It is expected that the market will contract by around ***** percent in 2020, compared with 2019.

The statistic represents the change in revenue of the electrical engineering and electronics industry in industrialized and emerging markets from 2013 through 2018. In emerging markets, the electrical and electronics industry is expected to grow by around * percent in 2018.

The Electrical And Electronic Test Equipment Market report segments the industry into Type (Semiconductor Automatic Test Equipment (ATE), Radio Frequency (RF) Test Equipment, Digital Test Equipment, Electrical and Environmental Test, Data Acquisition (DAQ)), End-User Industry (Communications, Semiconductors and Computing, Aerospace and Defense, Consumer Electronics, and more), and Geography (North America, Europe, Asia, and more).

According to Cognitive Market Research, the global Electronics market size is USD 3798485.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 1519394.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 1139545.56 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 873651.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 189924.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Middle East and Africa holds the market of around 2% of the global revenue with a market size of USD 75969.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Offline holds the highest Electronics market revenue share in 2024.

Market Dynamics of Electronics Market

Key Drivers for Electronics Market

Growing Penetration of Consumer Electronics to Propel the Market Revenue Growth: The growing penetration of smartphones, TVs, Laptop and others is expected to drive the market growth during the forecast period. Growing increased implementation of BYOD is the major cause behind this. The market is expanding due to the growing trend of smartphones, which is driving up the adoption of consumer goods including automated home appliances and smartphones. Furthermore, factors like a notable increase in urbanization, better internet access, and rising income levels are anticipated to bolster the market's overall expansion. Growing disposable income and consumer purchasing power are other factors driving the market's expansion.

Rising Government Initiatives and Investment to Boost Market Growth: Throughout the projected period, growing government initiatives and investments are anticipated to propel market expansion. Adopted in line with the Make in India initiative, the Electronic Development Fund Policy aims to streamline a transposition duty system. The purpose of the Modified Special Incentive Package Scheme (M-SIPS) is to provide an additional 15–20% CAPEX subsidy. Consumer electronics manufacturers and distributors will probably raise their R&D, production, and distribution costs in the upcoming years. In response to organized retail's increasing market share, contemporary, long-lasting chains have evolved, including e-retailers like E Zone, Reliance Digital, and Tata Croma.

Key Restraint Factor for the Electronics Market

Environmental Awareness and a Particular Regulatory Framework to Limit the Market Growth: The electronics sector is governed by strict laws. It consists of guidelines for environmental norms, safety, efficacy, and manufacture. The laws, rules, and certification requirements that are relevant in each of their various countries or areas must be adhered to by the product makers and distributors. It is also necessary to adhere to the national laws and regulations that are in force in the particular nation or region in which the electronic items are meant for sale. Growing governmental pressure to develop energy-efficient products is placed on manufacturers as environmental consciousness expands throughout various regions. The industry players also confront the challenge of acquiring certifications for energy-efficient electrical products. Adherence to an extremely stringent regulatory structure often poses multiple challenges for providers.

Substantial R&D and Capital Expenditures in Advanced Electronics Production: Creating cutting-edge electronics necessitates considerable investment in research and development, cleanroom environments, and high-precision machinery. Smaller companies may find it challenging to compete with industry leaders, particularly in fields such as semiconductors and aerospace electronics.

Key Trends Factor for the Electronics Market

Transitioning to Sustainable and Energy-Efficient Electronics: Consumers and regulatory bodies are advocating for environmentally friendly designs, recyclable materials, and reduced energy usage. Manufacturers are implementin...

In 2022, the electronics industry in the Americas is expected to grow by around five percent year-on-year. The market is expected to continue the recovery from its slump in 2020 when the market contracted by three percent, compared with 2019. The market was valued at around 880 billion euros in 2019, accounting for roughly 20 percent of the global market, which was sized at 4.6 trillion euros in 2019.

Post-pandemic recovery
The COVID-19 pandemic forced people around the world to work, learn, and spend their free time at home, driving the demand for consumer electronics. However, due to the global shortage of chips and disruptions to supply chains, many electronics products continue to be in short supply. The global electrical and electronics industry thus did not grow in 2020 compared with the previous year. As problems related to COVID-19 are increasingly being addressed, the industry is expected to experience a period of growth in 2021 and 2022. Between 2020 and 2021, the industry is projected to grow by nine project, and between 2021 and 2022, the industry is expected to grow by six percent, globally.

About the global electronics industry
The electrical and electronics industry comprises a variety of products, ranging from aerospace products, lamps and light fixtures including light-emitting diodes, consumer electronics such as television sets, electrical household appliances, electronic medical equipment, microelectronic components, as well as automotive software and electrical and electronic components such as on-board diagnostics (OBD), in-car touch screens, cameras, and navigation systems.

Global Electrical Electronic Industry market size 2025 was XX Million. Electrical Electronic Industry Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Global Electrical And Electronics Materials market size is expected to reach $4.64 billion by 2029 at 10.9%, electric vehicle surge fuels growth in the electrical and electronic materials market

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Market outlook of PLM in the electrical and electronics industry

Technavio’s research analyst predicts the global product lifecycle management (PLM) market in the electrical and electronics industry to grow steadily at a CAGR of nearly 9% during the forecast period. Consumers nowadays prefer to access internet facilities on the go, without time and location constraint. Since these facilities are well supported by tablet OS and smartphones, with an enhanced HD viewing experience on a small screen and web surfing capability, the production of smartphones and tablets is on the rise. Thus, the increasing production of tablets and smartphones is leading to the growth of the PLM market in the electrical and electronics industry. For instance, during 2014, the unit shipment of smartphones was 1.22 billion and of tablets was 245.2 million units.

Increased ROI with the implementation of PLM software is also expected to boost the market growth during the forecast period. PLM software solutions, including cPDM, provide virtual product design, analysis, and digital manufacturing capabilities that bring maximum economic benefits. Every product undergoes a design phase before manufacture, thereby increasing the product's time-to-market.

Product segmentation of the PLM market in the electrical and electronics industry

• cPDM
• CAD
• EDA
• FEA
• NC
• DM
• CFD

cPDM occupied a major share of the global PLM market in the electrical and electronics industry in 2015 with over 42%. The electrical and electronics industry is highly dynamic and requires an efficient design process with good integration among all departments in an organization, which is facilitated with the help of cPDM software. cPDM helps in enhancing product innovation, reduce time-to-market, and largely improves product quality in comparison to previous versions through continuous analysis of services and quality issues.

Geographical segmentation of the PLM market in the electrical and electronics industry

• Americas
• APAC
• EMEA

The Americas accounted for nearly 37% of the market share during 2015 and is expected to grow at a CAGR of more than 8% during the forecast period. The growth of electronics and electrical industry in this region is mainly attributed to the presence of the US companies. Out of the top 20 semiconductor manufacturers in the world (based on revenue generated in 2013), around 11 are from the US.

Competitive landscape and key vendors

Electrical and electronics industry is a dynamic industry, hence to cater to the needs of such an industry, vendors must be dynamic and highly flexible since the requirements from the end-user side vary to a great extent. Trends such as IoT is driving the demand for new products, which requires various configuration among the PLM tools.

The major vendors dominating the market are -

• Ansys
• Autodesk
• Cadence Design Systems
• Dassault Systèmes
• Mentor Graphics
• PTC
• Siemens PLM Software
• Synopsys

Other prominent vendors in the market include Bentley, 3D Systems, GstarCAD, Cadonix, CD-Adapco, Graebert, Hexagon, IMSI/Design, IronCAD, MSC, Numeca International, Oracle, SAP, and Zuken.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global PLM

According to Cognitive Market Research, The Global Industrial Electronics market will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.

The demand for industrial electronics market is rising due to the increasing advancements and applications of 5G communication as well as the growing emphasis on electric vehicles (EVs) and rapid charging stations.
Demand for power electronics remains higher in the industrial electronics market.
The semiconductor capital equipment category held the highest industrial electronics market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American industrial electronics market will experience the strongest growth until 2030.

Increasing Automation Demands to Provide Viable Market Output

The rising demand for automation across various industries is a pivotal driver in the industrial electronics market. As businesses seek to improve efficiency, reduce production costs, and enhance product quality, there's a growing reliance on automated systems and smart technologies. Industrial electronics, including sensors, controllers, and programmable logic controllers (PLCs), play a vital role in automating manufacturing processes.

Mitsubishi Electric Corporation has recently introduced the T-series 2.0 kV industrial IGBT module, which is the first of its kind with a 2.0 KV withstand voltage IGBT1. This module is designed to enhance the efficiency and decrease the size of power converters used in renewable energy systems. With the growing demand for green power sources, this module is expected to be highly sought after.

These components enable real-time monitoring, precise control, and predictive maintenance, leading to streamlined operations and optimized productivity. Industries such as automotive, manufacturing, and aerospace are increasingly integrating industrial electronics to achieve higher precision, faster production rates, and improved resource utilization. This trend is expected to continue driving the growth of the industrial electronics market globally.

Rapid Advancements in IoT and Connectivity to Propel Market Growth

The Industrial Internet of Things (IIoT) is a transformative force in the industrial electronics sector. With the proliferation of connected devices and the advent of 5G technology, industrial electronics are evolving to support seamless connectivity and data exchange. IoT-enabled industrial electronics facilitate remote monitoring, predictive analytics, and intelligent decision-making. Manufacturers are leveraging IoT to create smart factories, where machines communicate with each other, enabling real-time adjustments based on data analytics. This connectivity not only enhances operational efficiency but also enables predictive maintenance, reducing downtime and overall maintenance costs.

Market Dynamics of the Industrial Electronics Market

Key Drivers of the Industrial Electronics Market

Technological Innovation & Automation Growth: The rapid evolution of technologies like Artificial Intelligence (AI), Internet of Things (IoT), machine learning, and robotics is revolutionizing industrial operations. These innovations have created a demand for advanced electronic components such as intelligent sensors, programmable logic controllers (PLCs), and power management systems. These components enhance productivity through real-time data collection, predictive maintenance, and automation of complex tasks. Industries like automotive, aerospace, and manufacturing are especially investing in smart electronics to reduce operational downtime and increase throughput.

Expansion of Renewable Energy & Infrastructure Development: The global shift toward renewable energy sources—such as solar, wind, and hydro—is significantly increasing the demand for power electronics, including converters, inverters, and energy storage management systems. These components are essential for efficiently integrating renewable energy into power grids and ensuring energy stability. Governments and private players are investing heavily in energy infrastructure, thereby boosting the industrial electronics market that supports smart grids, energy-efficient systems, and electrification of transport and utilities.

Government Initiatives for Industrial Digitization: Governments across the globe are advocating for the development of digital infrastructure, energy-efficient ...

Electrical and Electronics Manufacturing Market Outlook

The global electrical and electronics manufacturing market size was valued at approximately USD 5 trillion in 2023 and is projected to grow to around USD 6.8 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 3.4% during the forecast period. This growth is driven by several pivotal factors including technological advancements, the proliferation of smart devices, and increasing consumer demand for electronic products across various sectors. In particular, the rapid adoption of Internet of Things (IoT) technology and the expansion of the consumer electronics sector are expected to propel market growth significantly over the next decade, promising a thriving future for stakeholders invested in the electrical and electronics manufacturing industry.

One of the primary growth factors fueling the electrical and electronics manufacturing market is the ongoing technological transformation and innovations in electronic products. The advent of advanced technologies such as 5G, artificial intelligence, and machine learning has fostered a new era of smart, connected devices, demanding more sophisticated manufacturing processes and components. This has necessitated enhancements in both production capabilities and supply chain efficiencies. Manufacturers are increasingly investing in research and development to keep pace with these technological evolutions, which are crucial for maintaining competitive advantages and catering to the burgeoning consumer expectations for high-performance, multifunctional electronic devices. Additionally, the integration of these advanced technologies in everyday consumer products is not only transforming the electronics industry but also influencing other sectors such as automotive, healthcare, and telecommunications.

Another significant factor contributing to the growth of the electrical and electronics manufacturing market is the increasing demand for energy-efficient and sustainable products. With the growing global emphasis on reducing carbon footprints and promoting eco-friendly practices, manufacturers are focusing on designing electronics that consume less power and use biodegradable materials. This trend is further propelled by stringent government regulations and standards across various countries aimed at reducing electronic waste and promoting recycling efforts. As a result, there is a substantial push for developing green electronics, which is leading to innovations in manufacturing processes and material sciences. Companies that adapt to these evolving requirements are likely to benefit from increased market share and enhanced brand reputations.

Furthermore, the globalization of the supply chain is playing a crucial role in the expansion of the electrical and electronics manufacturing market. The interconnectedness of global markets has facilitated the sourcing of raw materials and components from various regions, paving the way for cost-effective and efficient manufacturing practices. However, this globalization also poses challenges such as geopolitical tensions and trade tariffs that can impact the supply chain dynamics. Despite these challenges, the global supply chain allows manufacturers to leverage the best available resources and technologies from across the world, thus reducing production costs and improving product quality. This global approach is indispensable for meeting the evolving needs of both B2B and B2C customers in the industry.

Product Type Analysis

The electrical and electronics manufacturing market is segmented by product type into consumer electronics, industrial electronics, electronic components, and others. Consumer electronics, which includes products such as smartphones, TVs, laptops, and wearable devices, is a major segment of this market. The continuous innovation in these products, driven by consumer demand for more advanced features and connectivity, is a significant growth driver. Companies are investing heavily in research and development to enhance product offerings and differentiate themselves in a highly competitive environment. The rising trend of smart home devices and IoT applications has further augmented this segment, creating lucrative opportunities for manufacturers globally.

Industrial electronics is another vital segment, encompassing products used in manufacturing, automation, and industrial processes. This segment is experiencing growth due to the increasing adoption of automation and smart technologies in production facilities aiming for higher efficiency and productivity. The implementation of Industry 4.0 principles, which integrate cyber-physical syste

In 2023, electric/electronic industry robotics in Europe generated over *** million U.S. dollars in revenue, a bit higher compared to the previous year. Nonetheless, the electric/electronic industry robotics market in Europe was forecast to keep growing after 2023, with over *** million U.S. dollars in projected revenue in 2024.

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

Sheet Metal for Electronics Market Outlook

The global sheet metal for electronics market size was valued at USD 5.2 billion in 2023 and is projected to reach USD 8.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period. The growth of the market can be attributed to the increasing demand for electronic devices and the rising adoption of advanced technologies in various end-user industries such as consumer electronics, telecommunications, and automotive.

The primary growth factor driving the sheet metal for electronics market is the rapid expansion of the consumer electronics industry. With the advent of new technologies and the increasing popularity of smartphones, tablets, and wearable devices, there is a significant demand for high-quality sheet metal components to ensure the durability and reliability of these devices. Additionally, the trend towards miniaturization in electronic devices necessitates the use of precisely fabricated sheet metal parts, further propelling market growth. Another contributing factor is the growing adoption of IoT devices, which require robust and intricately designed enclosures and chassis.

Moreover, the automotive industry is increasingly integrating advanced electronic systems in vehicles, such as infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle components. This integration demands high-quality sheet metal parts to protect sensitive electronic components from external factors such as vibration, heat, and moisture. The industrial sector also plays a crucial role in driving market growth, as industrial automation and the deployment of smart manufacturing systems heavily rely on electronic control units that require sturdy and reliable sheet metal enclosures.

The telecommunications industry is another significant driver of the sheet metal for electronics market. With the global rollout of 5G networks and the subsequent demand for new infrastructure, including base stations, antennas, and other communication equipment, there is a growing need for durable and high-performance sheet metal components. Additionally, the increasing penetration of the internet in rural and remote areas is further boosting the demand for telecommunications equipment, thereby positively impacting the market.

Regionally, Asia Pacific is expected to dominate the sheet metal for electronics market during the forecast period. The region's dominance can be attributed to the presence of major electronics manufacturing hubs such as China, Japan, and South Korea. The rapid industrialization and urbanization in these countries, coupled with the increasing demand for electronic devices and components, are driving market growth. Furthermore, supportive government initiatives and investments in the electronics industry are contributing to the market's expansion in the region.

Material Type Analysis

The sheet metal for electronics market is segmented by material type into aluminum, steel, copper, and others. Aluminum is one of the most widely used materials due to its excellent properties, such as high strength-to-weight ratio, corrosion resistance, and ease of fabrication. These characteristics make aluminum an ideal choice for various applications in the electronics industry, including enclosures, chassis, and brackets. Moreover, aluminum's lightweight nature contributes to the overall reduction in the weight of electronic devices, which is a key consideration in modern consumer electronics and automotive applications.

Steel is another essential material in the sheet metal for electronics market. Its high tensile strength and durability make it suitable for applications requiring robust and long-lasting components. Steel sheet metal is often used in the manufacturing of enclosures and chassis for industrial and telecommunications equipment, where durability and resistance to harsh environmental conditions are crucial. The availability of different types of steel, such as stainless steel and galvanized steel, provides manufacturers with a range of options to meet specific application requirements.

Copper is highly valued in the electronics industry for its excellent electrical conductivity and thermal properties. This makes copper sheet metal an ideal choice for applications that require efficient heat dissipation and electrical conductivity, such as heat sinks, power distribution units, and grounding components. Copper's ability to be easily formed into intricate shapes also makes it suitable for use in complex electronic assem

Global Plastics in Electrical and Electronics Market size & share estimated to surpass USD 58.84 billion by 2032, to grow at a CAGR of 5.0% during the forecast period.

The Electronics and Electrical Ceramics Market Report is Segmented by Material Type (Alumina Ceramics, Titanate Ceramics, and More), Product Type (Monolithic Ceramics, Ceramic Matrix Composites, and More), End-User Industry (Consumer Appliances, Power Grids, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Plastics In Electrical And Electronics Market size was valued at USD 39.94 billion in 2023 and is projected to reach USD 56.95 billion by 2032, exhibiting a CAGR of 5.2 % during the forecasts period. Plastics play a crucial role in the electrical and electronics industries due to their versatility, lightweight nature, and insulating properties. Commonly used plastics, such as polycarbonate, polyethylene, and polypropylene, provide durability and resistance to heat, chemicals, and moisture. These materials are essential for manufacturing components like connectors, casings, circuit boards, and insulation. The use of plastics not only enhances the performance and longevity of electronic devices but also contributes to cost-effectiveness in production. As the industry evolves, advances in plastic technology continue to support innovations in energy efficiency and sustainability, making them integral to modern electrical and electronic applications.

The global Power Electronics market size reached USD 37.40 Billion in 2021 and is expected to reach USD 54.06 Billion in 2030 registering a CAGR of 4.1%. Power Electronics market growth is primarily driven owing to rising demand for sustainable and environment-friendly solutions particularly due to...

The power electronics market size is projected to grow from USD 39.46 billion in 2024 to USD 71.58 billion by 2035, representing a CAGR of 5.56%, during the forecast period till 2035.

The global electronic and electrical ceramic market is projected to reach a value of $1,033.28 million by 2033, exhibiting a CAGR of 4.97% during the forecast period of 2025-2033. The growth of the market is attributed to the increasing demand for electronic and electrical ceramics in various end-user industries, including consumer electronics, telecommunications, automotive, aerospace, and healthcare. The rising adoption of electronic devices, advancements in technology, and the growing trend of miniaturization in electronic devices are also driving the market growth. North America and Asia Pacific are the largest regional markets for electronic and electrical ceramics, with the Asia Pacific region accounting for the highest market share due to the presence of major manufacturers and the increasing demand from the region's rapidly growing electronics industry. Key players in the market include Kyocera Corporation, Vishay Precision Group, Yageo Corporation, CeramTec GmbH, Murata Manufacturing Co, Ferro Corporation, The Bergquist Company, Epcos AG, TDK Corporation, Samwha Capacitor Group, Kemet Corporation, NGK Insulators, Chantal Ceramic, Roskill Information Services, and Vishay Intertechnology. Key drivers for this market are: 1. Growing demand for electric vehicles 2. Advancements in electronic devices 3. Increased adoption of IoT technologies 4. Expansion in renewable energy applications 5. Rising use in telecommunications industries . Potential restraints include: 1. Growing demand for miniaturization 2. Advancements in manufacturing technologies 3. Increasing application in electronics 4. Rising need for efficient insulation 5. Expanding electric vehicle market .