Electronic Components Market size is estimated to be USD 450 Billion in 2024 and is expected to reach USD 700 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global electronic components market was valued at approximately USD 230.1 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. This market is driven by the increasing demand for consumer electronics, automotive advancements, and the growth of the Internet of Things (IoT) and 5G technologies. North America held the largest share of the market in 2022, accounting for around 35% of the total market revenue. This can be attributed to the presence of major electronics manufacturers and a strong demand from various industries, such as automotive, telecommunications, and healthcare. Europe followed closely behind, with a significant portion of the market share, driven by technological innovations and growing investments in automation and renewable energy sectors. The Asia Pacific region is expected to witness the highest growth rate, with a CAGR of 7.1%, due to the booming manufacturing sector, the rise of smart devices, and government initiatives supporting the development of electronics manufacturing. Regional analysis of the electronic components market reveals that the demand for electronic components is experiencing substantial growth across key regions. The Asia Pacific region dominates the market due to its large scale production capabilities in countries like China, Japan, South Korea, and India. The demand for electronic components is growing rapidly in emerging economies due to the increasing adoption of consumer electronics, electric vehicles, and renewable energy systems. Latin America and the Middle East are also expected to witness steady growth in the coming years, driven by infrastructure development, urbanization, and increased industrial automation. The market in Africa is relatively small but is anticipated to grow due to rising investments in technology and infrastructure development.
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Texas Instruments
Murata
ABB
STMicroelectronics
NXP Semiconductors
Kyocera
Omron
Amphenol
ON Semiconductor
Infineon Technologies
Samsung Electro-Mechanics
TDK Corporation
Analog Devices
Molex
Vishay
Qorvo
Nippon Mektron
Vectron
Yageo
Skyworks
Taiyo Yuden Co. Ltd.
Eaton Corp.
TE Connectivity Ltd.
Littelfuse
Panasonic Corporation
KEMET
Nippon Chemi-Con
Microchip
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electronic Components Market
Resistors
Capacitors
Inductors
Transformers
Filters
Transistors
Diodes
Integrated Circuits (ICs)
Operational Amplifiers
Voltage Regulators
Relays
Switches
Connectors
Sensors
Solenoids
Transistors
Diodes
Varistors
Thyristors
Fuse
Fuses
Circuit Breakers
Surge Protectors
TVS Diodes (Transient Voltage Suppressors)
Polymeric PTCs
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electronic Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electronic Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Components Market, By Type
6. Global Electronic Components Market, By Application
7. Global Electronic Components Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electronic Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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