Electronic Component Market Report 2025 (Global Edition)

Global Electronic Component Market Report 2025 Market Size Split by Product Type Outlook: (Active, Passive, Electromechanical Components), by End-use Outlook: (Consumer Electronics, Networking and Tel...

Electronic Component Market Report Description

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Competitive Landscape of the Electronic Component Market

The competitive landscape of the electronic component market is characterized by a mix of established players and new entrants. Key players include companies like Samsung Electro-Mechanics, TDK Corporation, Murata Manufacturing, and STMicroelectronics, which dominate the market with extensive product portfolios across semiconductors, capacitors, resistors, and inductors. Technological advancements, cost-efficiency, and global supply chain networks drive competition. With the increasing demand for smart devices, automotive electronics, and IoT applications, the market is witnessing collaborations, mergers, and acquisitions to expand product offerings and enhance market presence. Innovation and a focus on sustainability also play key roles in shaping competitive dynamics.

In January 2024, The new inductor KLZ2012-A series from TDK Corporation was introduced. For automobile audio bus applications, these multilayer inductors were created because of their exceptional endurance and inductance tolerance. For use in high-temperature automotive environments, the new KLZ2012-A series' ability to operate at temperatures up to 150 °C is essential. (Source: https://www.tdk.com/en/news_center/press/20240116_01.html) In November 2023, Foxconn made an investment of about USD 250 million by opening a new production facility in Vietnam that would produce telecom and electric vehicle (EV) components. With the investment, the business concentrates on manufacturing controllers, parts, and other items for electric vehicles in order to satisfy future development requirements. (Source: https://reuters.com/technology/foxconn-invest-246-mln-2-projects-northern-vietnam-2023-06-30/) In February 2024, Murata Electronics, an important supplier of Apple's electronic components, opened a new production plant in Thailand's Lamphun province. Murata's flagship product, multilayer ceramic capacitors, will be manufactured at this new facility. These elements will improve the reliability of a variety of mobile devices, including satellites, computers, servers, cell phones, data sensors, and cars. (Source: https://corporate.murata.com/en-sg/newsroom/news/company/general/2023/0327)

Top Companies Market Share in Electronic Component Industry: (In no particular order of Rank)

• TDK Corporation (Japan)
• KYOCERA AVX Components Corporation. (US.)
• Murata Manufacturing Co. Ltd. (Japan)
• Panasonic Corporation (Japan)
• Amphenol Corporation (US.)
• Littelfuse Inc. (U.S.)
• TE Connectivity. (Switzerland)
• Vishay Intertechnology Inc. (US.)
• Analog Devices Inc. (US.)
• SAMSUNG ELECTRO-MECHANICS (South Korea)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Electronic Component Market

Which Region Dominates the Electronic Component Market in 2024?

According to Cognitive Market Research, North America currently dominates the Electronic Components market, and the region is expected to have significant growth during the projected period. This is due to its robust technological infrastructure, high demand for advanced electronic products, and significant investments in research and development. The presence of major electronic component manufacturers and innovators, particularly in the United States, further strengthens its market position. The growing adoption of IoT, automotive electronics, and industrial automation technologies across various industries also drives demand. Additionally, North America's established supply chain and favourable government policies promote the growth of electronic components, making it a dominant region in this market in 2024.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This dominance is attributed to the region's robust manufacturing capabilities, particularly in consumer electronics, and favourable factors such as lower labour costs, a skilled workforce, and supportive government initiatives. Countries like China, India, Vietnam, and Malaysia are key contributors to this growth. Additionally, the Asia-Pacific market is expected to exhibit the fastest compound annual growth rate (CAGR) from 2024 to 2030, driven by increasing demand for active electronic components in sectors like healthcare and automotive.

The current report Scope analyzes Electronic Component Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electronic Component

According to Cognitive Market Research, the global Electronic Component market size was estimated at USD 402142.6 Million, out of which North America held the major market share of 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.

• According to Cognitive Market Research, the US had a major share in the Electronic Component market with a market size of USD 126916.20 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The US market's innovation, demand, and technology.
• The Canada Electronic Component market had a market share of USD 19302.84 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. Canada's growth in electronic components stems from technological advancements and innovation.
• The Mexico Electronic Component market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 14637.99 million in 2024.

Europe Electronic Component

According to Cognitive Market Research, the global Electronic Component market size was estimated at USD 402142.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 120642.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Electronic Component market had a market share of USD 20267.99 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, Electronic Component sales witness an upswing due to advanced technology, innovation, and manufacturing expertise.
• The France Electronic Component market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 11099.14 million in 2024.
• According to Cognitive Market Research, the German Electronic Component market size was valued at USD 23887.27 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, Electronic Components surged due to innovation, demand, and manufacturing..
• The Italy Electronic Component market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 10375.28 million in 2024.
• The Russia Electronic Component market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 18699.63 million in 2024.
• The Spain Electronic Component market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 9892.71 million in 2024
• The Luxembourg Electronic Component market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 3739.93 million in 2024.
• The Portugal Electronic Component market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 2533.50 million in 2024.
• The Greece Electronic Component market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 1447.71 million in 2024.
• The Rest of Europe's Electronic Component market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 18699.63 million in 2024.

Asia Pacific Electronic Component

According to Cognitive Market Research, the global Electronic Component market size was estimated at USD 402142.6 Million, out of which Asia Pacific held the 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.

• According to Cognitive Market Research, the China Electronic Component market size was valued at USD 41621.76 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Electronic components surged in China due to manufacturing, innovation, and demand.
• The Japan Electronic Component market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 12764.01 million in 2024.
• The India Electronic Component market had a market share of USD 11099.14 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. India's electronic component market grows through manufacturing, innovation, and demand.
• The South Korean Electronic Component market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 9249.28 million in 2024.
• The Australian Electronic Component market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 4809.63 million in 2024.
• The South East Asia Electronic Component market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 6382.00 million in 2024.
• The Rest of Asia Pacific Electronic Component market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 6566.99 million in 2024.

South America Electronic Component

According to Cognitive Market Research, the global Electronic Component market size was estimated at USD 402142.6 Million, out of which Latin America held the market share of around 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.

• According to Cognitive Market Research, the Brazil Electronic Component market size was valued at USD 8605.85 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Electronic Components flourished in Brazil due to increasing manufacturing demand.
• Argentina's Electronic Component market had a market share of USD 3378.00 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. Argentina's growth in electronic components stems from demand, innovation, and investment.
• Colombia's Electronic Component market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 1789.53 million in 2024.
• Peru Electronic Component market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 1648.78 million in 2024.
• Chile's Electronic Component market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 1447.71 million in 2024.
• The Rest of Latin America's Electronic Component market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 3237.25 million in 2024.

Middle East Electronic Component

According to Cognitive Market Research, the global Electronic Component market size was estimated at USD 402142.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with 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 GCC Countries Electronic Component market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 3442.34 million in 2024. Electronic Component sales flourish due to infrastructure, innovation, and demand.
• The Egypt Electronic Component market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 844.50 million in 2024.
• The South Africa Electronic Component market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 1270.77 million in 2024. Electronic Component sales flourished in South Africa due to industrial innovation and demand.
• The Turkey Electronic Component market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 691.69 million in 2024.
• The Nigeria Electronic Component market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 844.50 million in 2024.
• The Rest of the MEA Electronic Component market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 949.06 million in 2024.

Electronic Component Market Analysis

How are Segments Performing in the Global Electronic Component Market?

Electronic Component Market Product Type Segment Analysis

According to Cognitive Market Research, The active product type is the fastest-growing segment in the electronic component market due to the increasing demand for components that require an external power source to function, such as transistors, diodes, integrated circuits (ICs), and microchips. These components are essential in powering and controlling electronic devices, making them critical for advancements in industries like consumer electronics, automotive, and telecommunications. The rise of technologies like 5G, IoT, and electric vehicles has significantly boosted the need for active components, driving their market growth. Additionally, innovations in processing power and miniaturization are enhancing their demand across various applications.

Passive electronic components, such as resistors, capacitors, inductors, and transformers, dominate the electronic component market due to their essential role in various electronic circuits. These components are crucial for controlling electrical signals, managing power flow, and ensuring circuit stability in products ranging from consumer electronics to automotive systems. Their broad application, coupled with technological advancements in miniaturization, energy efficiency, and cost-effectiveness, has led to their widespread adoption. As industries continue to embrace electronic devices, passive components remain a key enabler of modern electronics, driving growth in sectors such as telecommunications, computing, and industrial automation.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Component Industry. Request a Free Sample PDF!

Electronic Component Market End-Use Segment Analysis

According to Cognitive Market Research, Consumer electronics is the fastest-growing segment in the electronic components market due to increasing demand for advanced devices like smartphones, wearables, smart home products, and gaming consoles. Technological advancements, such as 5G, AI integration, and miniaturization of components, drive this growth. As consumers seek more sophisticated, connected, and efficient products, the need for high-quality components like semiconductors, sensors, and display panels rises. Additionally, the rising disposable income, digitalization trends, and constant product innovation contribute to the sector's rapid expansion, making it a dominant force in the overall electronic components market.

In the Electronic Component Market, Networking and telecommunication technologies are dominating the electronic component market due to the increasing demand for high-speed data transfer, connectivity, and advanced communication networks. The rise of 5G, IoT, and cloud computing drives the need for components like semiconductors, sensors, and connectors that enable faster, more efficient communication. These technologies also support the growing use of mobile devices, smart homes, and industrial automation. As businesses and consumers demand higher bandwidth, low latency, and reliable connectivity, networking and telecommunication continue to push innovation in electronic components, contributing significantly to market growth and dominance.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electronic Component Distribution Channel Outlook: Segment Analysis

Electronic Component Market Distribution Channel Segment Analysis

According to Cognitive Market Research, The direct distribution channel is the fastest-growing segment in the Electronic Component Market due to its ability to streamline the supply chain, reduce costs, and ensure faster delivery times. By selling directly to end-users or businesses, manufacturers can bypass intermediaries, resulting in lower prices and more control over product availability. This model also enables better customer service, providing real-time feedback and personalized solutions. As demand for electronic components increases, especially in industries like automotive, healthcare, and consumer electronics, the direct distribution model is becoming essential for meeting customer expectations efficiently and cost-effectively.

In the Electronic Component market, the rapidly growing sector is Indirect distribution channels dominating the Electronic Component Market by leveraging established networks of wholesalers, distributors, and retailers. These intermediaries provide greater reach, enabling manufacturers to access a broad customer base without the complexities of direct sales. Distributors play a crucial role by offering value-added services such as inventory management, product bundling, and technical support. They also facilitate quick delivery and reduce costs associated with direct distribution. By utilizing indirect channels, manufacturers can focus on innovation and production while benefiting from the expertise and logistical capabilities of distribution partners, driving growth in the market.

• Direct
• Indirect

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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