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 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.

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% .

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.

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.

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.

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

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.

Active Electronic Components Market witnessed USD 329.1 billion in 2022 and is expected to touch USD 685.2 Billion in 2030, growing at a robust CAGR of 9.6% during forecast period.

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

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.

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.

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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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.

Electronic Components Market Size Volume in Sweden, 2023 Discover more data with ReportLinker!

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 Size Value in Germany, 2023 Discover more data with ReportLinker!

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

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...