Global Electronic Products market size is expected to reach $1894.7 billion by 2029 at 7.4%, segmented as by type, audio and video equipment, semiconductor and other electronic component

The India electronics equipment market stood at a value of USD 28.71 Billion in 2024 and is projected to expand at a CAGR of around 8.10% through 2034. An exponentially growing electronic equipment sector, with a booming economy in India, rising disposable incomes, and a young, tech-savvy population, has made the country one of the world's most coveted innovation and investment hotbeds. In turn, all these factors have resulted in the market attaining a valuation of USD 62.56 Billion by 2034.

The electronics & smart devices market size was over USD 830.05 billion in 2024 and is poised to exceed USD 2.05 trillion by 2037, witnessing over 7.2% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is predicted to hold largest revenue share of 34% by 2037, impelled by surge in the demand of smartphones and the availability of wireless solutions in the region.

Huge volumes of electronic or electrical equipment (EEE) are placed on the market (POM) every year around the world. More than ******* tons of EEE were POM in Argentina in 2019. The collection rate of e-waste in Argentina in that year was just four percent.

Access Middle East Electronic Equipment Repair Service Industry Overview which includes Middle East country analysis of (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East), market split by Product Types, Service Type, End Use, Repairing Platform

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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

In 2024, the revenue in the 'Consumer Electronics' segment of the electronics e-commerce market in the United Kingdom was modeled to amount to ************* U.S. dollars. Between 2017 and 2024, the figure dropped by *********** U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the revenue will steadily grow by ************ U.S. dollars from 2024 to 2029.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Consumer Electronics.

According to Cognitive Market Research, the Global electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031. Market Dynamic: Electronic Equipment Repair Service

Key Drivers-

The rise in the use of automated systems drives the market of electronic equipment repair services market-

Due to changing lifestyles and an increase in disposable income demand for electronic devices such as cell phones, TVs, air conditioners, and laptop computers has increased. The growth in the usage of automated electronic equipment in various industries is anticipated to boost the demand for electronic equipment repair services in the industrial electronic repair sector. Consumers are increasingly reliant on these devices for both personal and professional purposes, making the quick and efficient repair of such gadgets crucial. For instance- Samsung launched a Self-Repair Program in Brazil and Mexico, This initiative aims to empower consumers who want to keep their devices longer, offering another repair option. (source:https://www.samsungmobilepress.com/press-releases/samsung-self-repair-program-officially-launched-in-brazil-and-mexico/) Hence, the market for electronic equipment repair services is growing with the rise in demand for automated systems.

Growing environmental awareness and government support driving the market-

Consumers are becoming more conscious of the environmental effects of electronic waste and the significance of repairing and reusing equipment rather than discarding them. This opens up a market for repair services that provide ecologically responsible solutions. Repairing electronic devices not only reduces the environmental footprints associated with manufacturing new products but also extends the lifespan of existing devices. Awareness about e-waste and its harmful effects in promoted the government to make efforts and focus on “right to repair law”. For instance- Gov. Polis Signs a Bill Mandating That Consumers Have More Options To Fix Electronics. (source:https://coloradotimesrecorder.com/2024/05/gov-polis-signs-bill-mandating-that-consumers-have-more-options-to-fix-electronics/62156/) For instance- New EU rules encourage consumers to repair devices over replacing them. According to a European Commission study, 77% of EU citizens would prefer repair to buy new goods. (source:https://www.europarl.europa.eu/news/en/press-room/20231117IPR12211/new-eu-rules-encouraging-consumers-to-repair-devices-over-replacing-them) Hence, the government is concerned about environmental hazards and e-waste that helps to drive the market of global electronic equipment repair services.

Restraint-

Poor quality or duplicate spare parts of electronic equipment is a major issue in electronic equipment repair service market-

The use of low-quality or duplicate spare parts in electronic equipment repairs poses a significant threat to the electronic equipment repair sector. Although these components are less expensive than genuine ones, they frequently fail to satisfy the same quality and performance criteria. Poor quality parts may fail early, requiring extra repairs or possibly gadget failure. Many companies are launching their campaign to promote original spare parts. For instance- Apple to expand repair options with support for used genuine parts genuine Apple parts will now benefit from the full functionality and security afforded by the original factory calibration, just like new genuine Apple parts. (source:https://www.apple.com/newsroom/2024/04/apple-to-expand-repair-options-with-support-for-used-genuine-parts/) For instance- Fake spare parts were supplied to fix top-selling jet engine. European aviation regulators have determined that an obscure London-based company supplied fake parts for repairs of jet engines that power many older-generation Airbus A320 and Boeing 737 planes. (source:https://www.japantimes.co.jp/business/2023/09/01/companies/fake-parts-boeing-airbus/) Hence, Buying duplicate spare parts is a false economy, as using them may cost you more in the long run. But, more significantly, fake spare parts can result in significant safety issues that can lead to accidents. Also, duplicate auto spare parts impact the brand, and automobile industry.

Opportunities-

Rising demand for E-Waste management solutio...

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India Electrical Equipment Market Size 2025-2029

The India electrical equipment market size is forecast to increase by USD 95.31 billion, at a CAGR of 15.6% between 2024 and 2029.

The Electrical Equipment Market in India is experiencing significant growth, driven by the increasing number of residential and commercial building projects worldwide. This trend is fueled by urbanization and infrastructure development, particularly in emerging economies. Additionally, the growth in cross-border electricity trading is expanding market opportunities for electrical equipment manufacturers. However, regulatory hurdles impact adoption, as stringent safety and environmental regulations necessitate costly compliance. However, the market faces challenges, including the threat from cyberattacks in the power generation industry and the need for modernization of the electric power grid and electrical meters.
Companies must invest in robust cybersecurity measures to mitigate these risks and protect their market position. To capitalize on market opportunities and navigate challenges effectively, electrical equipment manufacturers must focus on innovation, regulatory compliance, and supply chain resilience. A significant challenge facing the market is the increasing threat from cyberattacks in the power generation industry. As the electrical grid becomes more digitized, the risk of cyberattacks targeting critical infrastructure increases. Batteries and accumulators are gaining popularity in India due to the increasing adoption of renewable energy sources and electric vehicles.

Major Market Trends & Insights

Based on the Product, the Cables and wires segment led the market and was valued at USD 22.37 billion of the global revenue in 2022.
Based on the Application, the transmission and distribution segment accounted for the largest market revenue share in 2022.

Market Size & Forecast

Market Opportunities: USD 200.38 Million
Future Opportunities: USD 95.30 Billion
CAGR (2024-2029): 15.6%

What will be the size of the India Electrical Equipment Market during the forecast period?

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The global electrical system optimization market is undergoing a transformative shift, driven by the convergence of digital technologies and energy infrastructure demands. As utilities, industrial operators, and facility managers modernize their assets, there is growing emphasis on electrical infrastructure development, substation automation, and grid modernization projects. These efforts are complemented by increased deployment of smart meter deployment and integration of advanced power generation technologies, enabling more efficient and secure transmission and distribution networks. Evolving standards around electrical installation codes and the implementation of electrical safety training protocols further enhance system performance and operational integrity.

A key dimension of this market is the rising need for power system simulation and electrical network analysis. These tools support energy audit methodologies and power factor improvement strategies that are central to ensuring energy efficiency. Industrial users are increasingly focused on electrical system diagnostics, circuit protection devices, and the full electrical equipment lifecycle, which allows them to manage operational risk and asset performance effectively. As demand grows for electrical system upgrades and power cable installation, the role of electrical component reliability and high-voltage equipment maintenance becomes critical. This is particularly true in scenarios involving voltage regulation techniques and demand response programs, where real-time responsiveness and precision are paramount.

In terms of measurable progress, recent data shows that power factor improvement initiatives have contributed to a 22.6% increase in energy savings across industrial sites. Looking forward, the market is expected to grow by another 19.4%, propelled by expanded use of energy management systems, industrial motor drives, and power electronics converters in modern control architectures.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Cables and wires
  Transmission lines
  Transformers
  Switchgears
  Others


Application

  Transmission and distribution
  Generation


Distribution Channel

  Direct sales
  Distributors and dealers
  Online platforms
  Retail stores


Geography

  APAC

    India

By Product Insights

The cables and wires segment is estimated to witness significant growth during the forecast period. The electrical equipment market encompasses various segments, including power electronics, fault protection, frequency control, power factor co

The Power Electronics Market size is expected to reach a valuation of USD 95.8 billion in 2033 growing at a CAGR of 8.00%. The Power Electronics Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

Access Europe Electronic Equipment Repair Service Industry Overview which includes Europe country analysis of (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe), market split by Product Types, Service Type, End Use, Repairing Platform

This time series represents the market growth for factory automation electronic equipment market in the United States from 2005 through 2017. It is expected that the factory automation electronic equipment market will grow by around *** percent in 2017.

The global Marine Electronic Equipment market is projected to reach a valuation of approximately USD 15.8 billion by 2033, growing at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033.

Between 2022 and 2033, the global electronic equipment repair service market size is forecast to increase. Indeed, in 2022, the size of this market amounted to roughly ****** billion U.S. dollars and, by 2033, it is forecast to reach a value of ***** billion U.S. dollars, growing at a CAGR of *** percent.

Nigeria Electronic Equipment Repair Market was valued at USD 785.84 Million in 2024 and is expected to reach USD 1,126.04 Million by 2030 with a CAGR of 6.02% during the forecast period.

According to Cognitive Market Research, the global XXX Market was valued at approximately USD XX billion in 2025 and is expected to grow to USD XX billion by 2031, expanding at a CAGR of XX% during the forecast period.

North America held largest share of XX% in the year 2025. Europe held share of XX% in the year 2025. Asia-Pacific held significant share of XX% in the year 2025. South America held significant share of XX% in the year 2025. Middle East and Africa held significant share of XX% in the year 2025. Market Dynamics

Key Drivers

Growing demand for portability and convenience among consumers is driving the market

The growing demand for convenience is significantly shaping the global consumer electronics and appliances market. Consumers today expect technology that simplifies their daily routines, saves time and minimizes efforts. Smartphones and tablets have transformed people communicate, stay organized and mange day to day needs. The rise of such devices has further fueled the growth the market

This shift in consumer preference is driven by rapid urbanization and increase in notable technological advancements, leading to a surge in smart devices that integrate Internet of Things (IoT), voice control features and mobile-app based controls, enabling user to control devices remotely. There is also a rise in demand for multifunctional gadgets, like air-fryers that can also bake and grill. Washer dryer combos are another popular product in the category of home appliances. Such products are often appealing to consumer who lack the time and space to hold and operate multiple daily-use gadgets.

For instance, the Consumer Electronics market in India is expected to double in the upcoming years, reaching approximately Rs.1.48 lakh crore by 2025. The growth stems from the increasing demand for premium and feature-rich products that offer enhanced convenience. 

(Source:https://www.ibef.org/industry/indian-consumer-market#:~:text=Indian%20Appliance%20and%20Consumer%20Electronics,than%20double%20to%20reach%20Rs. )

Restraints

Supply chain disruptions are impacting the overall market growth

The ongoing disruption in the global supply chain, primarily due to rising geo-political tensions, trade policies and logistical challenges is a significant restraint impacting the global consumer electronics and appliances market. These disruptions have led to the shortage of semiconductors and other essential components in the market, leading to production delays, increased costs and scarcity of products, thereby severely impacting the consumer electronics and appliances market. Such disruption can also result in higher operational costs for businesses, including higher costs of transportation and raw material costs.

For instance, Supply chain disruptions are putting a drag on activity and trade at the global level. The most relevant elements are - difficulties in the logistics and transportation sector, semiconductor shortages, pandemic-related restrictions on economic activity, and labor shortages.

(Source:https://www.ecb.europa.eu/press/economic-bulletin/focus/2022/html/ecb.ebbox202108_01~e8ceebe51f.en.html )

Opportunity

Integration IoT and AI smart home devices

Technological advancements leading to the integration smart features and the Internet of Things (IoT) has transformed the market by making appliances more convenient, well-connected and efficient, creating more demand for these features. The market is also witnessing an increase in demand for products that can tailored as per individual consumer preferences, like smart speakers that are able to adapt to user habits, or household appliances like refrigerators and dishwashers that can be controlled and monitored via mobile apps.

For instance, according to an online survey by Samsung Electronics, consumers worldwide seek personalized AI-powered home solutions that streamline household chores with minimal time and effort.

(Source:https://technewstt.com/pr-samsung-finds-customers-want-smarter-home-appliances-in-2025/ ) Introduction to Consumer Electronics and Appliances Market

Electronic devices and appliances are highly penetrated products among the wider range f consumer goods. The global consumer electronics and appliances market comprises of wide rage of electronic devices, appliances and gadgets designed for personal, commercial and household use. The market...

The global electronic assembly equipment market is experiencing robust growth, driven by the increasing demand for consumer electronics, automotive electronics, and aerospace components. The market, valued at approximately $15 billion in 2025, is projected to exhibit a compound annual growth rate (CAGR) of 6% from 2025 to 2033, reaching an estimated $25 billion by 2033. This expansion is fueled by several key factors, including the miniaturization of electronic components, the rising adoption of automation in manufacturing processes, and the increasing complexity of electronic devices. The surface mount equipment segment holds a significant market share due to its efficiency and suitability for high-volume production. Geographically, Asia Pacific, particularly China and other Southeast Asian nations, currently dominates the market, owing to the presence of a large manufacturing base and growing consumer electronics demand. However, North America and Europe are expected to witness substantial growth driven by investments in advanced manufacturing technologies and the increasing demand for high-precision assembly equipment in sectors like automotive and aerospace. The market faces challenges such as high initial investment costs for advanced equipment and the need for skilled labor to operate and maintain these sophisticated machines. Nevertheless, continuous technological advancements, such as the integration of artificial intelligence and machine learning in assembly processes, are expected to propel market expansion in the coming years. The competitive landscape is characterized by the presence of both established global players and regional manufacturers. Companies such as Panasonic, Fuji Corporation, ASM Pacific Technology, and Juki are major market leaders, known for their technological innovation and extensive global reach. These companies focus on delivering high-performance equipment with advanced features. However, the market is also witnessing the emergence of smaller, specialized players who offer niche solutions or cater to specific regional demands. This competitive dynamic fuels innovation and offers a diverse range of options for end-users. Future growth will likely be shaped by the increasing adoption of Industry 4.0 principles, the development of sustainable manufacturing practices, and the ongoing miniaturization and complexity of electronic devices. Strategic partnerships and mergers and acquisitions will also continue to play a crucial role in shaping the market landscape.

Portable Medical Electronic Products Market size is expected to reach US$ 204.3 Bn by 2034 from US$ 83.2 Bn in 2024, at a CAGR of 9.4%.

The United States Electronic Gadgets Insurance Market Report is Segmented by Coverage Type (accidental Damage, Theft, and Loss), Device Type (laptops, Computers, Cameras, Mobile Devices, and Drones), and End User (corporate and Individual). The Report Offers Market Size and Forecasts for the US Electronic Gadgets Insurance Market in Value (USD) for all the Above Segments.

According to Cognitive Market Research, The Global Electronic Manufacturing Services market will be USD 505.5 billion in 2023 and expand at a compound yearly growth rate (CAGR) of 7.50% from 2023 to 2030.

The demand for Electronic Manufacturing Services is rising due to the increasing adoption of greener electronic devices.
Demand for printed circuit boards (PCB) in many arenas and the consequent in the Electronic Manufacturing Services market.
The electronics manufacturing and industrial categories held the highest Electronic Manufacturing Services market revenue share in 2023.
Asia Pacific will continue to lead, whereas the Europe Electronic Manufacturing Services market will experience the most substantial growth until 2030.

Market Dynamics of Electronic Manufacturing Services Market

Key Drivers for Electronics Manufacturing Service Market

Increasing Adoption of Greener Electronic Devices to Provide Viable Market Output

The global electronic manufacturing services (EMS) market is experiencing a notable shift as the adoption of greener electronic devices gains momentum. With a growing emphasis on sustainability, manufacturers increasingly incorporate eco-friendly practices in producing electronic goods. The trend is driven by consumer demand for environmentally responsible products. EMS providers adapt to this paradigm, offering services aligning with green manufacturing principles. As the market prioritizes sustainability, the increased adoption of greener electronic devices is expected to provide a viable and promising output for the Electronic Manufacturing Services sector.

For instance, in April 2021, the Asia Pacific region was the largest semiconductor market, accounting for approximately 60% of global semiconductor sales, with China alone accounting for more than 30%.

(Source: www.meity.gov.in/writereaddata/files/Semiconductor06April11_020511.pdf)

Expanding the Automobile Industry to Propel Market Growth

The global electronic manufacturing services (EMS) market is poised for growth, fueled by the expanding automobile industry. With an increasing focus on electronic components in vehicles, EMS providers play a pivotal role in meeting the rising demand for advanced automotive electronics. As automotive manufacturers embrace innovative technologies, electric vehicles, and connectivity features, the demand for EMS is set to surge. EMS companies contribute to producing complex electronic systems in vehicles, further driving market expansion. This symbiotic relationship between the EMS sector and the growing automotive industry positions the market for significant growth opportunities in the foreseeable future.

For instance, in March 2021, Plexus Corp. announced plans to build a manufacturing facility in Bangkok, Thailand, covering an area of 400,000 square feet. The facility will consist of two levels for production and warehousing, along with four levels for office space.

(Source: www.plexus.com/en-us/news/plexus-announces-construction-of-a-manufacturing-f)

Key Restraints for Electronics Manufacturing Service Market

Violation and Absence of Intellectual Property Rights to Restrict Market Growth

The global Electronic Manufacturing Services (EMS) market faces potential growth constraints due to violations and a need for intellectual property (I.P.) rights. IP infringement poses challenges for EMS providers, leading to legal complexities and hindering innovation. Violations and insufficient protection of intellectual property rights impact profitability and deter investment in research and development. Addressing these issues is crucial for sustained growth in the EMS sector, fostering an environment that encourages innovation, protects intellectual property, and ensures fair competition within the global electronic manufacturing landscape.

Key Trends for Electronics Manufacturing Service Market

Increase in Outsourcing by OEMs to Emphasize Core Competencies

Original Equipment Manufacturers (OEMs) are progressively outsourcing their manufacturing processes to EMS providers in order to minimize expenses and focus on research and development, branding, and distribution. This movement enables OEMs to enhance efficiency, scalability, and the speed of bringing new products to market. The transition fosters enduring collaborations between OEMs and EMS companies, thereby promoting innovatio...