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 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).

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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, further expanding

Global General Electronic Components market size is expected to reach $688.03 billion by 2029 at 7.5%, segmented as by product type, passive, active, electromechanical components, other products

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

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...

The global electronic components market is projected to expand at a CAGR of 4.7% during the forecast period from 2025 to 2033, reaching a market size of approximately million by 2033. The increasing demand for electronic devices across various end-use industries, such as automotive, communications, and computing, is driving market growth. Additionally, the proliferation of the Internet of Things (IoT) and the adoption of advanced technologies, including artificial intelligence (AI) and cloud computing, are further fueling demand for electronic components. Key market trends include the increasing adoption of passive components in various applications, particularly in the automotive industry, and the growing demand for active components in communications and computing applications. Furthermore, the adoption of renewable energy sources and the development of electric vehicles are expected to create new opportunities for electronic components manufacturers. However, factors such as supply chain disruptions, geopolitical uncertainties, and the rising cost of raw materials pose challenges to the industry.

The Active Electronic Components Market is projected to grow from USD 708.54 Billion by 2034, registering a CAGR of 6.9%

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.

Global Semiconductor And Other Electronic Component market size is expected to reach $1546.02 billion by 2029 at 8.4%, consumer electronics demand fueling semiconductor and other components market growth

Basic Electronic Component Market Outlook

The global basic electronic component market size was valued at $60 billion in 2023 and is projected to reach $110 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5%. The market's growth is primarily driven by the rapid advancements in electronic technologies and the increasing adoption of electronic devices across various sectors. The proliferation of consumer electronics, automotive innovations, industrial automation, and telecommunications infrastructure are significant growth factors boosting the demand for basic electronic components.

The surge in demand for consumer electronics such as smartphones, tablets, and wearable devices is a major growth factor for the basic electronic component market. With the continuously evolving technological landscape, consumers are inclined towards devices that offer advanced features and better performance. This inclination is pushing manufacturers to integrate sophisticated electronic components that enhance the functionality and efficiency of these devices. Moreover, the advent of the Internet of Things (IoT) has further accelerated the demand for electronic components, as more devices become interconnected, necessitating reliable and high-performance components.

Another critical factor contributing to the growth of this market is the automotive industry's evolution towards electric and autonomous vehicles. Modern vehicles are increasingly reliant on advanced electronic systems for functionalities such as engine control, infotainment, navigation, and safety features. The shift towards electric vehicles (EVs) has particularly spurred the need for high-quality electronic components to ensure efficient power management and battery performance. Additionally, autonomous driving technologies are heavily dependent on sensors, microcontrollers, and other electronic components, thus driving market growth.

The industrial sector's move towards automation and smart manufacturing is also a significant growth driver for the basic electronic component market. Industries are increasingly adopting automation technologies to enhance productivity, efficiency, and safety. This shift requires robust electronic components that can withstand industrial environments and provide reliable performance. Components such as sensors, actuators, and controllers are in high demand to support these automated systems, further propelling market growth.

The role of Electronics Components Plastic in the manufacturing of basic electronic components cannot be overstated. Plastics are extensively used in the production of various electronic components due to their versatility, durability, and cost-effectiveness. These materials are essential in creating casings, insulating layers, and structural parts of electronic devices. The use of high-performance plastics in electronic components not only enhances their durability but also contributes to the miniaturization of devices, which is a significant trend in the electronics industry. As the demand for lightweight and compact electronic devices continues to rise, the importance of plastics in the electronics sector is expected to grow, driving innovation and development in this field.

From a regional perspective, Asia Pacific dominates the basic electronic component market due to its robust manufacturing base and the presence of major electronic component manufacturers. Countries like China, Japan, and South Korea are at the forefront of electronic innovation and production, contributing significantly to the market's growth. The region's growth is also supported by the increasing adoption of consumer electronics and the automotive industry's expansion. North America and Europe follow closely, driven by technological advancements and the growing adoption of smart technologies across various sectors. Latin America, the Middle East, and Africa are also witnessing growth, albeit at a slower pace, due to increasing investments in infrastructure and technology.

Component Type Analysis

The component type segment of the basic electronic component market includes resistors, capacitors, inductors, diodes, transistors, and others. Resistors, being essential for controlling current flow and voltage levels in circuits, hold a significant share in the market. The demand for resistors is primarily driven by their wide application across consumer electronics, automotive, and industrial sectors. The increasi

Ultra Small Case Size Passive Electronic Component Market Outlook

According to our latest research, the global ultra small case size passive electronic component market size reached USD 8.9 billion in 2024, reflecting robust growth driven by miniaturization trends and increasing demand for compact electronics. The market is expanding at a CAGR of 6.4% and is projected to reach USD 15.5 billion by 2033. This impressive growth is primarily attributed to the surge in consumer electronics production, advancements in automotive electronics, and the proliferation of IoT devices, all of which are fueling the need for ultra small passive components that offer high performance in limited space.

The primary growth factor for the ultra small case size passive electronic component market is the ongoing trend of device miniaturization across various industries. As manufacturers strive to deliver more compact and lightweight products, the need for smaller, highly efficient passive components such as capacitors, resistors, and inductors has become paramount. This miniaturization is especially critical in consumer electronics, where smartphones, wearables, and portable devices require components that occupy minimal board space while maintaining high reliability and performance. Moreover, the shift towards 5G technology and advanced telecommunication infrastructure is further accelerating the adoption of ultra small passive components, as these networks demand high-density, low-profile components that support faster data transmission and improved signal integrity.

Another significant driver is the rapid evolution of automotive electronics. Modern vehicles are increasingly equipped with advanced safety systems, infotainment units, and electric powertrains, all of which necessitate the integration of ultra small passive electronic components. The automotive sectorÂ’s push toward electric and autonomous vehicles is amplifying this demand, as these vehicles require a higher density of electronic components to manage complex functionalities within limited spaces. Furthermore, stringent regulations concerning vehicle emissions and safety are compelling automakers to adopt innovative electronic solutions, thereby propelling the growth of the ultra small case size passive electronic component market.

The rise of the Internet of Things (IoT) and industrial automation is also playing a pivotal role in market expansion. IoT devices, ranging from smart home appliances to industrial sensors, are characterized by their compact form factors and the necessity for energy-efficient operation. Ultra small passive components are essential in these applications, enabling manufacturers to design smaller, smarter, and more reliable devices. Additionally, the healthcare sectorÂ’s increasing reliance on miniaturized medical devices, such as implantables and portable diagnostic equipment, is contributing to the marketÂ’s growth. These applications require components that not only save space but also offer high precision and reliability in critical environments.

In contrast to passive components, Active Electronic Components play a crucial role in modern electronics by actively controlling the flow of electricity. These components, which include transistors, diodes, and integrated circuits, are essential for amplifying signals, switching currents, and performing complex computations. As the demand for smarter and more efficient devices grows, the integration of active components alongside passive ones becomes increasingly important. This synergy allows for the creation of sophisticated electronic systems capable of handling a wide range of applications, from consumer electronics to industrial automation. The evolution of active components is driven by advancements in semiconductor technology, which enable the development of smaller, faster, and more energy-efficient devices.

Regionally, Asia Pacific continues to dominate the ultra small case size passive electronic component market, accounting for the largest share in 2024. This dominance is driven by the presence of major electronics manufacturing hubs in countries like China, Japan, South Korea, and Taiwan. North America and Europe are also significant markets, supported by strong demand from the automotive, healthcare, and industrial sectors. However, the Middle East &

Global Electrical And Electronics Components market size is expected to reach $110.3 billion by 2029 at 11.0%, rising adoption of smartphones to drive market growth

Passive And Interconnecting Electronic Components Market size was valued at USD 198.4 Billion in 2024 and is projected to reach USD 297.62 Billion by 2032, growing at a CAGR of 5.20% during the forecast period 2026-2032.

Growing Demand: The market for passive and interconnecting electronic components is mostly driven by the growing demand for electronic devices across a number of industries, including telecommunications, consumer electronics, automotive, and healthcare.

Technological Developments: The industry is expanding as a result of ongoing technological developments that have produced smaller, more dependable, and efficient electronic components.

Growth in IoT Devices: Because passive and interconnected electrical components are crucial to the connectivity and powering of Internet of Things (IoT) devices, their widespread use is driving up demand for them.

The Passive & Interconnecting Electronic Components Market size was valued at USD 179.8 billion in 2023 and is projected to reach USD 256.39 billion by 2032, exhibiting a CAGR of 5.2 % during the forecast period. Passive and interconnected electronic components are essential in electronic circuits and play an important role in defining circuit behavior and ensuring connectivity. Passive components include resistors, capacitors, and inductors that do not produce current, but conduct and store energy, conduct current, and filter signals. Connecting components, such as connectors, cables and switches, connect different parts of an electronic system, facilitating communication and signal transmission. The market for passive and interconnected electronic components is growing significantly due to the increasing demand for advanced electronics in sectors such as consumer electronics, automotive, telecommunications and industrial automation. Technological advancements such as the development of 5G networks, electric vehicles and IoT devices will further boost this market. In addition, the trend towards miniaturization of electronics increases the need for compact and efficient components. Major players in this market focus on innovation, quality and reliability to meet the stringent requirements of today's electronic systems.

General Electronic Components Market Outlook

The global general electronic components market size was valued at approximately USD 450 billion in 2023 and is projected to reach around USD 700 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of about 5.1% during the forecast period. The substantial growth of this market is propelled by several key factors, including the proliferating demand for consumer electronics, advancements in automotive electronics, and the burgeoning telecommunications sector. The integration of electronic components in a wide array of industrial applications is also providing significant impetus to market expansion.

A primary growth driver of the general electronic components market is the burgeoning consumer electronics sector. The increasing adoption of devices such as smartphones, tablets, laptops, and smart home devices is driving the demand for electronic components. These devices require a plethora of active and passive components, like transistors, diodes, capacitors, and resistors, to function effectively and efficiently. Additionally, the rapid evolution in technology and the introduction of innovative products are further fueling this demand. As manufacturers strive to offer more advanced features and better performance, the need for sophisticated electronic components has seen a considerable rise.

Another significant factor contributing to market growth is the automotive industry's shift towards electronic-based systems. The increasing adoption of electric vehicles (EVs) and the integration of advanced driver-assistance systems (ADAS) necessitate a wide range of electronic components, including sensors, microcontrollers, and power semiconductors. As governments worldwide push for greener technologies and stricter emission regulations, the automotive sector's reliance on electronic components is only expected to increase. This push is catalyzing research and development in electronic component manufacturing, thereby expanding the market further.

The telecommunications industry also plays a pivotal role in the growth of the general electronic components market. The exponential growth in data consumption and the worldwide deployment of 5G networks are intensifying the demand for robust telecommunications infrastructure. This infrastructure requires high-quality electronic components for the construction of base stations, routers, switches, and other networking equipment. As countries race to implement 5G technologies and enhance their connectivity landscapes, the requirements for electronic components are set to escalate, providing ample growth opportunities for this market.

From a regional perspective, Asia Pacific is anticipated to dominate the general electronic components market during the forecast period. This dominance can be attributed to the region's thriving manufacturing sector, rapid industrialization, and the presence of major electronics manufacturers in countries like China, Japan, and South Korea. Additionally, the rising disposable income levels and urbanization in these countries are bolstering the demand for consumer electronics, further driving market growth. North America and Europe are also expected to witness significant growth, supported by technological advancements and strong automotive and telecommunications sectors.

Product Type Analysis

In the realm of product types, the general electronic components market is segmented into active components, passive components, and electromechanical components. Active components, which include semiconductors, transistors, and integrated circuits, are witnessing robust demand due to their essential role in the operation of electronic circuits. The proliferation of digital devices and the need for processing power are driving the demand for integrated circuits and microprocessors. As the Internet of Things (IoT) continues to expand its footprint across various industries, the demand for active components is further expected to rise.

Passive components, encompassing resistors, capacitors, and inductors, are integral to electronic circuits for tuning frequencies, filtering signals, and managing power distribution. The growth of the passive components segment is closely linked to the increasing complexity of electronic devices. As devices become more multifunctional and compact, the need for miniaturized and high-performance passive components escalates. The ongoing trend towards miniaturization and the development of 5G technology are poised to enhance the demand for these components significantly.

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Global Active Electronic Components Market has valued at USD 306 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.4% through 2028.

5g Electronic Component Market Size And Forecast

5g Electronic Component Market size was valued at USD 393.62 Billion in 2023 and is projected to reach USD 847.88 Billion by 2031, growing at a CAGR of 10.1% during the forecast period 2024-2031.

Global 5g Electronic Component Market Drivers

The 5G electronic component market is driven by several factors that reflect advancements in technology, changing consumer needs, and broader industry trends. Here are the key market drivers:

Increased Demand for High-Speed Connectivity: The demand for faster internet speeds and more reliable network connections is driving the adoption of 5G technology, leading to an increased requirement for related electronic components. Growth of IoT Devices: The proliferation of Internet of Things (IoT) devices requiring enhanced network capabilities is a significant driver for the 5G market. Many industries are adopting IoT solutions that necessitate robust and low-latency connectivity, spurring demand for 5G components.

Global 5g Electronic Component Market Restraints

The 5G electronic component market, while poised for significant growth, faces several market restraints that could impact its expansion. Here are some key constraints:

High Infrastructure Costs: The deployment of 5G requires substantial investment in infrastructure, including new base stations and antennas. This financial burden can limit the speed and extent of 5G rollout, particularly in regions with budget constraints. Technological Complexity: The technology behind 5G is complex, requiring advanced components and systems integration. The intricacies of developing compatible devices and components can hinder market entry for new players.

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.

The global market for passive electronic components reached a value of about USD 35.43 Billion in 2024. The market is further expected to grow at a CAGR of about 4.80% in the forecast period of 2025-2034 to reach a value of around USD 56.62 Billion by 2034, owing to the growth in the automotive industry.