Electronic Components Market Report is Segmented by Component (Active Components [Transistors, Diode, Integrated Circuits (ICs), Amplifiers, and Vacuum Tubes], and Passive Components [Capacitors, Inductors, and Resistors]), End-User Industry (Automotive, Consumer Electronics and Computing, Medical, Industrial, Communications, and Other End-User Industries), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The Market Sizes and Forecasts Regarding Value (USD) for all the Above Segments are Provided.

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 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 Active and Passive Electronic Components Market is segmented by Components (Active Components (Transistors, Diodes, Integrated Circuits (ICs), Amplifier, Vacuum Tubes), Passive Components (Capacitors, Inductors, Resistors)), End-user Industry (Automotive, Consumer Electronics & Computing, Medical, Industrial, Communications), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)). The market sizes and forecasts are provided in terms of value in USD billion for all the above segments.

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%.

Passive Electronic Components Market size was valued at USD 37,542.22 Million in 2023 and is expected to reach USD 59,177.62 Million by the end of 2031 with a CAGR of 5.97% during the forecast period from 2024-2031.

Global Passive Electronic Components Market Overview

There are a few market leaders in global passive electronic components that have innovative solutions and a wide range of products. AVX Corporation is a group company of Kyocera Corporation, providing high-performance as well as reliable capacitor solutions for a wide range of applications. Samsung Electro-Mechanics is the business unit of Samsung Electronics providing high-quality capacitors and inductors for applications in consumer electronics and automobile sectors. Murata Manufacturing Co., Ltd. specializes in the manufacturing of high-quality passive components and its advanced capacitors and inductors are widely used for telecommunications and automotive applications. Vishay Intertechnology, Inc. offers a wide range of passive components that include resistors and capacitors suitable for industrial applications.

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

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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

The Report Covers Interconnects and Passive Components Market Analysis, and It is Segmented by Capacitors (Type (Ceramic Capacitors, Tantalum Capacitors, Aluminum Electrolytic Capacitors, Paper and Plastic Film Capacitors, Supercapacitors), End-User Industry (Automotive, Industrial, Aerospace and Defense, Energy, Communications/Servers/Data Storage, Consumer Electronics, Medical), and Geography (Americas, Europe, Middle East and Africa, Asia-Pacific (excl. South Korea and Japan), Japan and South Korea)), Inductors (Type (Power, Frequency) End-User Industry (Automotive, Aerospace and Defense, Communications, Consumer Electronics and Computing, Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Rest of the World)), and Resistors (Type (Surface-Mounted Chips, Network, Wirewound, Film/Oxide/Foil, Carbon), End-User Industry (Automotive, Aerospace and Defense, Communications, Consumer Electronics and Computing, Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The Report Offers Market Sizes and Forecasts in Value Terms (USD) for all the Abovementioned 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.

Explore the Electrical And Electronics Components Global Market Report 2025 Market trends! Covers key players, growth rate 11.6% CAGR, market size $114.41 Billion, and forecasts to 2033. Get insights now!

Global Semiconductor And Other Electronic Component Manufacturing Market to grow from US$ 586.92 Billion in 2023 to US$ 1017.14 Billion by 2032, at a CAGR of 6.3%.

The size of the Active Electronic Components Market was valued at USD 13.79 Billion in 2023 and is projected to reach USD 25.37 Billion by 2032, with an expected CAGR of 9.1% during the forecast period. The Active Electronic Components are those that need an external power source for operation to amplify, control, or convert electrical signals. Such units are mainly used in applications and consumer electronics and telecommunications sectors as well as the automotive, industrial, and more. Prime types of active electronic components include transistors, diodes, integrated circuits, and optoelectronic devices. They are critical for making modern technology work and supporting energy conversion, signal processing, and communication. Technology for the components has progressed as miniaturization has been increasing and people demand more and better performance; innovation in semiconductors and material science have become drivers for progress. Active electronic components greatly influence the overall result of being able to achieve smarter devices, efficient energy usage, and more connectivity. Notable benefits include improved performance, reduced power consumption, and increased reliability in systems. A significant driver for market growth is the rising demand for consumer electronics, particularly smartphones and smart devices, which rely heavily on these components to function. Continued investment from industries such as automotive and telecom in advanced electronic systems is believed to spur market growth steadily ahead, with backing from the progressive development of more efficient electronic devices. Recent developments include: September 2019, In September 2019, NXP Semiconductors N.V. presented a protected fine-going chipset, 'SR100T'. This chipset is principally intended for cutting edge Ultra-Wide Band (UWB)- empowered cell phones to give profoundly exact situating execution. Nonetheless, a few players are zeroing in on consolidations and acquisitions to reinforce their general market presence., June 2019, In June 2019, Infineon Technologies AG gained Cypress Semiconductor Corp. to reinforce its item offering and market position., July 2016, In July 2016, Infineon Technologies AG declared to get R.F. power and Wolf speed Power divisions of Cree Inc. The arrangement assisted Infineon with reinforcing its impression in the semiconductor industry. With this obtaining, the Company has gone into the rundown of driving providers of force and R.F. power arrangements in developing business sectors, for example, renewables, electro-versatility, and cutting edge 5G framework pertinent for IoT.. Notable trends are: Increased demand for display-based smart speaker devices is driving market growth..

The market size of the Passive And Interconnecting Electronic Components Consumption Market is categorized based on Application (Aerospace & Defense, Medical Electronics, Information Technology, Automotive, Industrial) and Product (Resistors, Capacitors, Magnetic Devices, Memristor, Networks) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

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 Electronic Components Market for HVDC Systems is Segmented by Type (Active Components (IGBT and Thyristors) and Passive Components (Capacitors and Resistors)) and Geography (North America, Rest of the Americas, Europe, Middle East & Africa, China, and Rest of Asia Pacific). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The size and share of the market is categorized based on Application (Aerospace & Defense, Medical Electronics, Information Technology, Automotive, Industrial, Others) and Product (Capacitors, Resistors, Inductors, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Electronic Components Market Size Value in Italy, 2023 Discover more data with ReportLinker!

Electrical equipment, electronic products, and component manufacturing market to grow from US$ 1613.61 Bn in 2023 to US$ 2418.72 Bn by 2032, at CAGR of 4.6%.