The electronics components market is driven by technological
advancements and innovation in next-generation electronics
solutions paired with the growing demand for connected devices and
IoT Solutions.
WILMINGTON, Del., May 9, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Electronic
Components Market by Type (Active Components, Passive
Components, Electromechanical Components), and Application
(Consumer Electronics, Automotive, Industrial Automation,
Telecommunication, Aerospace, and Defense, Healthcare, Energy, and
Power, Others): Global Opportunity Analysis and Industry Forecast,
2024-2032". According to the report, the "electronic components
market" was valued at $0.6 trillion
in 2023, and is estimated to reach $1.0
trillion by 2032, growing at a CAGR of 6.9% from 2024 to
2032.
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- 127 – Tables
- 50 – Charts
- 250 – Pages
Prime Determinants of Growth
The electronics components market is expected to witness notable
growth owing to a surge in urbanization and the proliferation of
smart city projects. Moreover, the adoption of electronics
components in the healthcare sector is expected to provide
lucrative opportunities for the growth of the market during the
forecast period. On the contrary, high initial investment limits
the growth of the electronics components market.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base Year
|
2023
|
Market Size in
2023
|
$0.6
trillion
|
Market Size in
2032
|
$1.0
trillion
|
CAGR
|
6.9 %
|
No. of Pages in
Report
|
250
|
Segments
Covered
|
Type, Application, and
Region
|
Drivers
|
Technological
Advancements and Innovation Advancements
Growing Demand for
Connected Devices and IoT Solutions
Increasing Adoption of Electric
Vehicles
|
Opportunities
|
Emerging Technologies
in Developing Countries
|
Restraint
|
Supply Chain
Disruptions
|
The active components segment to maintain its leadership
status during the forecast period.
Based on type, the active components segment held the highest
market share in 2023, accounting for more than half of the global
electronics components market revenue and is estimated to maintain
its leadership status throughout the forecast period, owing to its
indispensable role in powering electronic devices and systems,
including amplifying signals, regulating currents, and controlling
electronic circuits. However, the passive components segment is
projected to manifest the highest CAGR of 7.9% from 2024 to
2032.
The consumer electronics segment to maintain its leadership
status during the forecast period.
On the basis of application, the consumer electronics segment
held the highest market share in 2023, accounting for nearly
one-third of the global electronics components market revenue, and
is estimated to maintain its leadership status throughout the
forecast period. However, the automotive segment is projected to
manifest the highest CAGR of 9.5% from 2024 to 2032, owing to the
widespread adoption of electronics components in the
next-generation electric vehicle solution globally.
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Asia-Pacific to maintain its
dominance by 2032.
On the basis of region, Asia-Pacific held the highest market share in
terms of revenue in 2023, accounting for more than half of the
electronics components industry revenue owing to the
region's robust manufacturing ecosystem, technological
advancements, and increasing demand for electronic devices across
various industries such as consumer electronics, automotive, and
telecommunication. The Asia-Pacific region is expected to hold the
leading position during the forecast period of 2024-2032 with a
CAGR of 7.9%.
Leading Market Players: -
- Intel Corporation
- Samsung Electronics
- TSMC
- Texas Instruments
- Broadcom Inc.
- Bosch
- NXP Semiconductors
- STMicroelectronics
- Skyworks Solutions
- Analog Devices
The report provides a detailed analysis of these key players in
the global electronics components market. These players have
adopted different strategies such as product launch, product
development, partnership, investment, acquisition, and others to
increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
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Key Benefits for Stakeholders:
- This report provides a quantitative analysis of the market
segments, current trends, estimations, and dynamics of the
electronic components market analysis from 2023 to 2032 to identify
the prevailing electronic components market opportunities.
- The market research is offered along with information related
to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers
and suppliers to enable stakeholders make profit-oriented business
decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electronic components market
segmentation assists to determine the prevailing market
opportunities.
- Major countries in each region are mapped according to their
revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides
a clear understanding of the present position of the market
players.
- The report includes the analysis of the regional as well as
global electronic components market trends, key players, market
segments, application areas, and market growth strategies.
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Tables, and Figures)
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Electronic Components Market Key Segments:
By Type
- Active Components
- Passive Components
- Electromechanical Components
By Application
- Aerospace and Defense
- Healthcare
- Energy and Power
- Others
- Consumer Electronics
- Automotive
- Industrial Automation
- Telecommunication
By Region
- North America (U.S.,
Canada, Mexico)
- Europe (UK,
Germany, France, Italy, Rest of Europe)
- Asia-Pacific
(China, Japan, India,
South Korea, Rest of Asia-Pacific)
- Latin America
(Brazil, Argentina, Rest of Latin America)
- Middle East and
Africa (UAE, Saudi Arabia, Rest of Middle East and Africa)
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