As per Cognitive Market Research's latest published report, The Europe Electronic Components market size will be $150.07 Billion by 2028.The Europe Electronic Components Industry's Compound Annual Growth Rate will be 5.83% from 2023 to 2030. Factors Impacting Electronic Components Market Growth

Rapid growth in the automobile sector

The automotive industry includes a wide scope of organizations and associations engaged with the structure, improvement, assembling, showcasing, and selling of engine vehicles. It is one of the world's biggest financial segments by income. Regardless of issues with overcapacity and low benefit, the automotive industry holds solid influence and significance. The automotive industry is a significant modern and monetary power around the world. It makes 60 million vehicles and trucks a year, and they are liable for practically a large portion of the world's utilization of oil.

The turnover generated by the automotive sector represents 7% of the EU's total GDP. It also supports vast supply chain and generating an array of business services. Almost 14.6 million Europeans work in the auto industry either directly or indirectly. EU manufactures almost 18.5 million cars, vans, trucks and buses every year.

Consumer requests are changing, changing the business with the digitization of innovation. The car business is offering answers for greener vehicles, public transportation, driving help and self-sufficient driving, savvy framework, and numerous imaginative approaches to fulfil the requests of clients. The vehicle and car parts producing segment specifically is popular for new representatives. Indeed, producing drives the remainder of the car business as far as hours worked and compensation.

Rising per capita income is relied upon to drive income development for the automobile industry in Europe. During the period, the United States and numerous other created countries have encountered stable monetary development, prompting expanded buyer interest for first-class buys, for example, vehicles. Subsequently industry income is required to develop at an annualized pace of 2.7% to $4.0 trillion over the five years to 2019, incorporating income becoming 2.3% in 2019 alone. Government of many developed and developing countries supports and encourage the automobile industry.

Sales of electric vehicle in Europe continue to grow with an impressive growth rate. There is a clear buzz around the increase in EV adoption owing to government incentives on these vehicles. Electric vehicle manufacturers are heavily investing in expanding and improving their manufacturing capabilities. For instance, UK has exported 80 per cent of the 1.3 million cars it produced in year 2019. Rising demand low carbon vehicles worldwide means there is potential for UK to capture a significant part of the global market by 2030. Use of commercial vehicles, heavy transport vehicles, and cars in countries causes tremendous pollution. This has compelled government of this region to implement policies and regulations resulting in an increasing adoption of electric vehicles.

After analyzing overall market scenario, automobile sector shows the major initiative in economic growth of European countries. All these things go in favour of electronic components market growth. This can be attributed because electric cars rely on power electronics for the main propulsion motor control, as well as managing the battery system. Further, autonomous cars relies on powerful computer systems, an array of sensors, networking, and satellite navigation, all of which will require electronics. Hence, increasing automobile sector in European region is one of the major driving factors for the electronic components market.

Growing Demand for IoT Devices

Restrains of the Europe Electronic Components Market

Inconsistent, high raw material prices and insufficient supply chain. (Access Detailed Analysis in the Full Report Version)

Opportunities of the Europe Electronic Components Market

Mounting industrialization in Europe. (Access Detailed Analysis in the Full Report Version)

Introduction of Electronic Components

Electronic component is a basic device, which is an electronic system used in various applications such as automotive, healthcare, telecommunications industry. These are electronic components used for building electronic circuits and these ...

The Active And Passive Electronic Components Market report segments the industry into By Component (Active Components, Passive Components), By End-User Industry (Automotive, Consumer Electronics And Computing, Medical, Industrial, Communications, Other End-User Industries), and By Geography (North America, Europe, Asia Pacific, Latin America, Middle East And Africa).

Global General Electronic Components market size is expected to reach $735.57 billion by 2029 at 8%, segmented as by product type, passive, active, electromechanical components, other products

The Electronic Components Market report segments the industry into By Component (Active Components, Passive Components), By End-user Industry (Automotive, Consumer Electronics and Computing, Medical, Industrial, Communications, Other End-user Industries), and By Geography (North America, Europe, Asia, Australia and New Zealand, Middle East and Africa, Latin America).

Global Semiconductor And Other Electronic Component market size is expected to reach $1659.77 billion by 2029 at 8.9%, consumer electronics demand fueling semiconductor and other components market growth

According to Cognitive Market Research, the global Electronic Component market size will be USD 402142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 160857.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 120642.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 92492.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 20107.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8042.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The semiconductors category is the fastest growing segment of the Electronic Component industry

Market Dynamics of Electronic Component Market

Key Drivers for Electronic Component Market

Continuous innovation boosts demand for advanced, high-performance electronic components to Boost Market Growth

The continuous innovation in electronic components significantly drives market growth by meeting the evolving demands of industries for advanced, high-performance products. Technological advancements in areas like semiconductors, microelectronics, and integrated circuits enable manufacturers to produce smaller, faster, and more energy-efficient components. This fosters the demand for electronics in sectors such as telecommunications, automotive, healthcare, and consumer electronics, where cutting-edge technology is crucial for functionality and competitiveness. As innovations lead to the development of more sophisticated and reliable components, businesses are encouraged to invest in upgrading their systems, driving market expansion. Additionally, the increasing integration of IoT, AI, and automation technologies demands high-performance components capable of supporting complex applications. As a result, continuous innovation not only enhances product offerings but also creates new market opportunities, expanding the overall demand for advanced electronic components.

Increased smartphone, wearable, and gadget adoption drives electronic component demand

The increasing adoption of smartphones, wearables, and gadgets is a key driver fueling the demand for electronic components. As these devices become integral to daily life, the need for advanced electronic parts like semiconductors, sensors, and integrated circuits has surged. Smartphones, with their evolving features like enhanced cameras, 5G connectivity, and artificial intelligence, require powerful and efficient components. Similarly, the wearable tech sector, including smartwatches and fitness trackers, drives demand for small, lightweight, and energy-efficient electronic components to ensure functionality without compromising on design. Gadgets like smart home devices and IoT-enabled products further expand the market, relying on sensors, microchips, and connectivity components for seamless operation. The rapid growth in these areas is also complemented by consumers' increasing preference for advanced technologies that offer convenience, personalization, and connectivity. This pushes manufacturers to innovate and scale up production to meet the growing demand for sophisticated electronic components.

Restraint Factor for the Electronic Component Market

Global shortages and delays impact production and distribution efficiency

Global shortages and delays significantly impact production and distribution efficiency, acting as key restraints in various industries. Supply chain disruptions, often driven by raw material shortages, logistics bottlenecks, and labour shortages, lead to delays in manufacturing processes. These disruptions reduce the ability of companies to meet demand, causing backlogs and missed deadlines. The delay in receiving essential components results in halted production lines, while rising costs of transportation and materials further strain financial res...

General Electronic Components Market size is expected to reach USD 900.88 Bn by 2032, from USD 568.42 Bn in 2025, exhibiting a CAGR of 6.8% during the period.

The global Active Electronic Components Market is poised to reach USD 708.54 billion by 2034, growing at a CAGR of 6.9% from 2024 to 2034.

The Business Research Company offers the general electronic components market research report 2022 with industry size, share, segments and market growth

Passive Electronic Components Market valuation is estimated to reach US$ 34.24 Bn in 2025 and is anticipated to US$ 49.84 Bn by 2032 with steady CAGR of 5.5% .

Global Active Electronic Components Market was valued at $330.45 Billion in 2023, and is projected to reach $USD 695.5 Billion by 2032, at a CAGR of 8.62%.

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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 amplifiers, fu

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 Passive Electronic Components Market report segments the industry into Capacitors (By Type, By End-user Industry, By Geography), Inductors (By Type, By End-user Industry, By Geography), and Resistors (By Type, By End-user Industry, By Geography). Get five years of historical data alongside five-year market forecasts.

The Report Includes Electronic Component Manufacturer and the Market is segmented by Component (Equipment, Software, and Services), Application (Communications and Network Equipment, Transportation, Consumer Electronics), and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in USD million 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.

Electronic Component Market Outlook

The global electronic component market size was valued at approximately USD 437 billion in 2023 and is projected to reach about USD 753 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. The growth of this market is primarily driven by the rapid advancements in technology and the increasing demand for electronic devices across various industries. The proliferation of IoT devices, the expanding electric vehicle (EV) market, and the need for advanced medical equipment are key factors fuelling the expansion of the electronic component market.

One of the significant growth factors of this market is the surge in consumer electronics demand. With the widespread usage of smartphones, tablets, laptops, and wearable devices, there is a substantial increase in the need for electronic components such as semiconductors, resistors, capacitors, and inductors. Moreover, the development of smart home devices and AI-driven gadgets continues to propel the market forward. Another contributing factor is the automotive industry's transition towards electric vehicles and autonomous driving technologies, which require sophisticated electronic systems and components to function effectively.

Furthermore, the industrial sector is witnessing a transformation with the advent of Industry 4.0, where automation and smart manufacturing processes are becoming prevalent. This industrial revolution necessitates the use of advanced electronic components for sensors, control systems, and communication devices, thereby driving market growth. Additionally, the healthcare sector’s increasing reliance on advanced medical equipment and diagnostic devices underscores the need for high-quality electronic components, ensuring precision and reliability in critical applications.

The telecommunications industry is also a critical driver of the electronic component market. With the rollout of 5G networks, the demand for components that enhance connectivity and data transfer speeds is on the rise. This shift necessitates the integration of advanced semiconductors and other electronic components in telecommunications infrastructure. As countries around the world continue to invest in 5G infrastructure, the market for electronic components is expected to experience significant growth.

Regionally, Asia Pacific holds a dominant position in the market due to the presence of major electronic component manufacturers and the high demand from consumer electronics and automotive industries. North America and Europe follow closely, supported by technological advancements and robust automotive and healthcare sectors. The Middle East & Africa and Latin America are also witnessing growth, albeit at a slower pace, driven by increasing industrialization and modernization efforts.

Product Type Analysis

In the electronic component market, product types are segmented into passive components, active components, and electromechanical components. Passive components, such as resistors, capacitors, and inductors, play a crucial role in the functionality of electronic circuits by controlling current and voltage. These components are ubiquitous in various applications, ranging from consumer electronics to industrial machinery, due to their reliability and cost-effectiveness. The continuous advancements in passive component technology, such as the development of high-density and energy-efficient components, further bolster their demand.

Active components, including semiconductors, transistors, and integrated circuits, are indispensable in modern electronic devices. These components amplify signals and control the flow of electricity, making them essential in complex electronic systems. The rapid pace of innovation in semiconductor technology, driven by the need for miniaturization and enhanced performance, is a significant growth driver for this segment. The increasing demand for high-performance computing devices, smartphones, and advanced automotive electronics underscores the importance of active components in the market.

Electromechanical components, such as connectors, switches, and relays, are vital for the physical operation of electronic systems. These components enable the mechanical movement and electrical connection, ensuring seamless functionality of various devices. The growing adoption of IoT devices and smart appliances has led to an increased demand for electromechanical components, which are integral to the connectivity and operation of these devices. Moreover, advancements in electromechanical component design, foc

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 Drivers

The 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 Restraints

Several 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.

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.

Ultra Small Case Size Passive Electronic Component Market Outlook

The global ultra-small case size passive electronic component market is expected to experience a robust expansion in the coming years, with the market size projected to increase from approximately USD 12 billion in 2023 to an estimated USD 21 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth can be attributed to the ever-increasing demand for miniaturized electronic components across a variety of applications including consumer electronics, automotive, and telecommunications. As industries continue to push the boundaries of technological innovation, the necessity for smaller, more efficient electronic components becomes ever more critical, fueling the growth of this market.

One of the primary growth factors for the ultra-small case size passive electronic component market is the escalating demand for compact and high-performance electronic devices. With advancements in consumer electronics, there is a pressing need for components that take up less space yet deliver equal or superior functionality. This trend is evident in devices such as smartphones, wearable technology, and portable computing solutions, where space is at a premium, and manufacturers are constantly seeking ways to integrate more functionality into smaller form factors. Innovation in materials and manufacturing processes has enabled the creation of passive components that fit these criteria, thereby driving market growth.

Another significant factor propelling the market is the automotive industry's shift toward electric and autonomous vehicles. These vehicles require a vast array of electronic components to operate their complex systems, from power management to safety features. As a result, there is an increasing need for compact passive components like capacitors, resistors, and inductors that can withstand the harsh automotive environment while maintaining performance. The trend of interconnected vehicles also contributes to this demand, as more embedded systems are integrated into vehicle designs, requiring efficient and miniature components to fit into the compact spaces available.

The telecommunications sector is also a major driver of market growth, particularly with the ongoing rollout and expansion of 5G networks. Ultra-small passive components are crucial in the design and manufacture of the hardware necessary to support these networks, including base stations and user devices. The need for low-latency, high-frequency components that can handle rapid data transmission is paramount, and this creates a strong market demand for miniature passive components. As 5G infrastructure continues to expand globally, the demand for these components is expected to increase significantly.

The role of Passive and Interconnecting Electronic Components is becoming increasingly significant as industries evolve towards more integrated and complex systems. These components, which include connectors, switches, and relays, are essential for ensuring seamless communication and energy flow between various parts of an electronic system. As devices become more compact and multifunctional, the demand for reliable interconnecting components that can maintain performance in reduced form factors is on the rise. This trend is particularly evident in sectors such as telecommunications and automotive, where the integration of numerous electronic systems necessitates efficient interconnections. The development of advanced materials and miniaturization techniques has enabled the production of these components to meet the stringent requirements of modern applications, further driving their market demand.

Regionally, Asia Pacific holds a significant share of the market, largely due to its robust electronics manufacturing industry. Countries like China, Japan, and South Korea are key players in the production of electronic components, providing a strong base for market growth in the region. Furthermore, the presence of leading technology firms and the increasing demand for consumer electronics in these countries contribute to the market's expansion. The rapid adoption of new technologies and growing investments in infrastructure development also provide a conducive environment for the market to flourish.

Component Type Analysis

The component type segment of the ultra-small case size passive electronic component market includes categories such as capacitors, resist