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).

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 ...

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.

Passive Electronic Components Market size was valued at USD 37,542.22 Million in 2024 and is expected to reach USD 59,177.62 Million by the end of 2032 with a CAGR of 5.97% during the forecast period from 2026-2032.

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.

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

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% .

This report studies the global market for the various passive and interconnecting electronic components (with a focus on emerging markets); their technologies and applications.

Electronic Components Market Outlook

In 2023, the global electronic components market size was valued at approximately $394 billion and is projected to reach around $618 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1%. This robust growth is driven by the continuous advancement in technology, increasing demand for consumer electronics, and the rapid development of the Internet of Things (IoT).

The increasing adoption of smart devices is a significant growth factor for the electronic components market. With the proliferation of smartphones, tablets, smartwatches, and other connected devices, the demand for advanced electronic components has surged. These devices require sophisticated components, such as sensors, microcontrollers, and integrated circuits, to enable their multifunctionality and connectivity. Furthermore, the ongoing trend of miniaturization in electronics to create more compact and efficient devices continues to drive market expansion.

Another crucial growth driver is the automotive industry's shift towards electric and autonomous vehicles. The automotive sector’s demand for electronic components has escalated as modern vehicles incorporate more electronic systems for advanced driver assistance systems (ADAS), infotainment systems, and battery management systems. The transition to electric vehicles (EVs) further amplifies the need for specialized components, including power electronics, sensors, and connectivity solutions, thus propelling the market's growth.

Additionally, the industrial sector's move towards Industry 4.0 and smart manufacturing is bolstering the electronic components market. Industry 4.0 emphasizes the integration of digital technologies, such as IoT, artificial intelligence (AI), and robotics, into manufacturing processes. This integration necessitates a wide array of electronic components to enable automation, remote monitoring, and real-time data analysis. Consequently, the demand for sensors, actuators, microcontrollers, and connectivity modules is on the rise, fostering market growth.

From a regional perspective, Asia Pacific dominates the electronic components market due to its robust manufacturing base and high consumer electronics demand. Countries like China, Japan, and South Korea are key players, supplying components to global markets. North America and Europe also present significant opportunities, driven by technological advancements and the presence of leading automotive and industrial players. Regions like Latin America and the Middle East & Africa are emerging markets, showing promising growth potential owing to increasing industrialization and urbanization.

Product Type Analysis

The electronic components market is segmented into passive components, active components, and electromechanical components. Passive components, such as resistors, capacitors, and inductors, play a crucial role in electronic circuits by regulating current and voltage. They are essential in almost every electronic device, making them a significant segment within the market. The continuous demand for miniaturized and high-performance passive components drives this segment's growth, particularly in consumer electronics and automotive industries.

Active components, including transistors, diodes, and integrated circuits (ICs), are indispensable in modern electronic devices. These components control the flow of electricity and are the building blocks of digital circuits. The rising trend of integrating multiple functions into single-chip solutions, known as system-on-chip (SoC), fuels the demand for active components. Innovations in semiconductor technology and the push for higher efficiency and lower power consumption further accelerate the growth of this segment.

Electromechanical components, such as relays, switches, and connectors, form another critical segment of the electronic components market. These components are essential for creating interfaces and ensuring the reliable operation of electronic systems. The increasing complexity of electronic devices and the need for robust and reliable connections drive the demand for electromechanical components. This segment is particularly vital in the automotive and industrial sectors, where durability and reliability are paramount.

Within these product types, the market trends indicate a shift towards hybrid components that combine passive, active, and electromechanical functionalities. This convergence aims to enhance performance, reduce space, and improve the overal

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.

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.

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 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.

Electronic components are used in a wide range of applications, from computers and mobile phones to TVs and cars, while electronic boards are the fundamental inputs for nearly all electronic products. Manufacturers in this industry have contended with numerous economic headwinds in recent years. Most notably, the COVID-19 outbreak and subsequent supply chain disruptions drastically ramped up cost pressures. Fierce overseas competition is also a bone of contention, with low-cost production countries like China and Taiwan eroding demand. Electronic component and board manufacturing revenue is expected to fall at a compound annual rate of 5.5% to €92.2 billion over the five years through 2024, including an estimated decline of 3.7% in 2024. Electronic component and board manufacturers were clobbered by the COVID-19 outbreak, which drastically reduced global economic activity, hitting export sales and resulting in revenue plummeting in 2020. Despite a solid recovery in 2021 due to the gradual reopening of the economy and growing digitisation, subdued economic growth and a tightening cost of living weighed on demand in the two years through 2023. This resulted in many people reining in their spending on electronic devices, hurting revenue growth. Manufacturers also contended with severe supply chain disruptions. Given many players carry out fabless manufacturing, they rely on manufacturers like Taiwan and China, which struggled with worker shortages. This lifted costs for UK manufacturers and hit profitability. However, manufacturers are learning to adapt, onshoring much of their operations, alleviating cost pressures somewhat. Electronic component and board manufacturing revenue is expected to grow at a compound annual rate of 2.2% to €103.1 billion over the five years through 2029. Overseas competition will continue to intensify as components from China and Taiwan become more advanced, hurting revenue growth. However, regulatory changes like the European Chips Act are set to make European manufacturers more competitive in the coming years. The excitement around AI will also support demand, with money being poured into research and development focusing on integrating AI with devices.

Graph and download economic data for Producer Price Index by Industry: Other Electronic Component Manufacturing (PCU334419334419) from Dec 2003 to Apr 2025 about electronic components, electronics, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The Automotive Passive Electronic Components Market report segments the industry into By Type (Capacitors, Inductors, Resistors, EMC Filters) and By Geography (North America, Europe, Asia, Australia and New Zealand, Middle East and Africa, Latin America). Get five years of historical data and exclusive market forecasts.

In the competitive landscape of electronic component and circuit board manufacturing, US companies continue face fierce foreign competition. Since the pandemic period however, many industry manufacturers have generated some renewed demand for industry products as they diversify their supply chains. The CHIPS Act of 2022, with its substantial $52 billion investment, intends to significantly enhance domestic semiconductor production, fortifying fragile supply chains and driving a revival in US tech manufacturing. However, despite these substantial investments, growth within the industry remains limited as many of the projects associated with this investment have yet to be fully realized. Over the past five years, circuit board and component producers have continued to grapple with escalating costs and uncertain market conditions, pressuring profit growth, though sustained demand in downstream markets has led to growth. Ultimately, industry revenue has grown at a CAGR of 1.7% over the five years to 2025, reaching $61.0 billion and rising 0.9% during 2025 alone. The transportation market has been the industry's largest source of revenue growth. During the Biden Administration, EV demand has risen sharply, which has led to growth as downstream OEMs and automotive suppliers require many industry products. Meanwhile, the push towards miniaturization has led to innovation within the industry, as manufacturers are now sourcing new materials to differentiate themselves from foreign competition and provide the most advanced PCBs. As these trends have unfolded, many companies have invested in more efficient manufacturing processes, leveraging AI to reduce costs. Despite growth during the current period however, revenue over the next five years is forecast to fall at a CAGR of 0.5%, totaling $59.4 billion in 2030. Though many projects associated with the CHIPS Act are expected to come online, it is likely that many downstream customers will still elect to source their components from cheaper regions abroad. As the second Trump Administration moves away from many of the EV initiatives implemented by the Biden Administration, demand from the industry's transportation segment is also forecast to drop, though some of this revenue loss could be offset by gains made in other market segments.

Automotive Passive Electronic Components comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

With the rapid development of China's information communications technology (ICT) sector, China has become the world's largest manufacturing center for electronic products, including televisions, computers, handsets and other electronic equipment. Subsequently, China's output of certain electronic components, especially commonly used and medium- and low-end electronic components, is the highest in the world. Revenue for the Electric Component Manufacturing industry in China is expected to grow at an annualized 4.0% over the five years through 2023, to total $373.2 billion. This growth includes an increase of 5.1% in the current year. The industry's growth can largely be attributed to the development of Artificial Intelligence (AI), the Internet of Things, 5G technology, and advances in electronic devices. These factors have increased demand for electronic components. This was particularly evident in 2018 and 2021, when industry revenue grew by 12.0% and 11.2% respectively.Industry revenue growth is anticipated to remain relatively stable over the five years through 2028. This growth is projected to be faster than over the past five years as the recovery demand from the consumer electronics. ACMR-IBISWorld forecasts the revenue to grow at an annualized 4.3% over the five years through 2028, to $460.6 billion. Increased foreign competition, high capacity and output levels, and economic uncertainty will contribute to a more difficult operating environment for this industry.Industry profit has fluctuated in recent years. Profitability is estimated at 2.5% of industry revenue in 2023. Rising raw material prices, increased competition, higher wages, increased operating expenses and lower final prices for some low-end, generic products have all placed downward pressure on profit margins. However, the increasing share of high-end and technologically advanced industry products prevented significant declines in profitability.