Electronic Components Market
4 min readElectronic Components Market Market Overview
Electronic Components Market was valued at USD 600 Billion in 2022 and is projected to reach USD 1,000 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Market Size and Opportunity Analysis for Global Electronic Components Market
The global electronic components market was valued at approximately $1.5 trillion in 2023. This substantial market size reflects the critical role electronic components play in a variety of sectors, including consumer electronics, automotive, telecommunications, and industrial applications. The market’s growth trajectory is driven by increasing demand for advanced electronic devices, the proliferation of smart technologies, and ongoing innovations in electronic component design and manufacturing. The rise of IoT (Internet of Things), 5G technology, and renewable energy systems is expected to further propel market expansion.
Opportunities within the global electronic components market are substantial, with anticipated growth projections reaching around $2 trillion by 2028. Key drivers of this growth include advancements in semiconductor technologies, the expansion of smart cities, and the increasing integration of electronics in everyday life. Additionally, emerging markets in Asia-Pacific and Latin America present significant growth prospects due to rising consumer electronics adoption and industrialization. Companies investing in R&D to enhance component performance and sustainability are likely to capture a significant share of this growing market.
Get an In-Depth Research Analysis of the Global Electronic Components Market Size And Forecast [2024-2031]
Who are the largest Global manufacturers in the Electronic Components Market?
By Passive Electronic Components
- Resistors
- Capacitors
- Inductors
- Transformers
- Filters
By Active Electronic Components
- Transistors
- Diodes
- Integrated Circuits (ICs)
- Operational Amplifiers
- Voltage Regulators
By Electromechanical Components
- Relays
- Switches
- Connectors
- Sensors
- Solenoids
By Discrete Components
- Transistors
- Diodes
- Varistors
- Thyristors
- Fuse
By Circuit Protection Components
- Fuses
- Circuit Breakers
- Surge Protectors
- TVS Diodes (Transient Voltage Suppressors)
- Polymeric PTCs
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Global Electronic Components Market Size And Forecast [2024-2031]
Segmentation of Electronic Components Market-
Which regions are leading the Global Electronic Components Market?
- Global (United States, Global 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)
For More Information or Query, Visit @ Electronic Components Market Research Analysis
Detailed TOC of Global Electronic Components Market Research Report, 2024-2031
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 Research
- 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
- Global
- 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
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768