Innovation and growing demand for connected devices and IOT solutions is driving the Global Electronics Component Market, are expected to drive market expansion in the near future at a CAGR of 5.0% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Electronics Component Market” that contains information from 2019 to 2035.

 The Global Electronics Component Market is estimated to register a CAGR of 5.0% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Electronics Component Market— include Texas Instruments Incorporated, Broadcom Inc, Infineon Technologies Ag, NXP Semiconductors, Renesas Electronics Corporation, STMICROELECTRONICS NV, Microchip Technology Inc, Silicon Laboratories, Panasonic Industrial, Nordic Semiconductor, Murata Manufacturing Co. Ltd, Sagami Elec Co., Ltd, EREMU, Sa, Koa Corporation, TDK Corporation, Vishay INTERTECHNOLOGY, Inc, Agile Magnetics, Inc, Glen Magnetics, Samsung Electro-Mechanics, Nippon Chemi-Con Corporation and among others.

Market Highlights

The Global Electronics Component Market is estimated to register a CAGR of 5.0% during the forecast period and is estimated to reach USD 384.23 Billion by 2035.

The increasing development and expansion of IoT (Internet of Things) devices is a major driver of growth in the electronic Components market. As IoT technology becomes more embedded in everyday life from smart homes and wearable devices to industrial automation and connected vehicles the demand for essential components like sensors, microcontrollers, connectivity chips (such as Wi-Fi, Bluetooth, and 5G modules), and power management ICs continues to surge. For example, in smart cities across Europe, companies like Philips have implemented IoT-based smart lighting systems that use embedded sensors and wireless modules to monitor and adjust street lighting in real time, improving energy efficiency and reducing operational costs. 

This type of application requires a range of Electronic Components to enable real-time data processing, connectivity, and automation. Similarly, in Asia-Pacific, the rapid rollout of 5G networks and government-led digital infrastructure projects are accelerating IoT adoption, thereby boosting demand for high-performance Electronic Components. In the United States, smart healthcare devices and industrial IoT solutions are expanding rapidly, further fuelling the need for advanced, miniaturized components that can support data-rich, low-latency applications. This global push for connected solutions directly translates into strong, sustained growth across the Electronic Components market.

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Segment Analysis

The Global Electronics Component Market has been segmented based on By Category, By End-Use Vertical.

Based on Category, this segment includes Active Electronic Components, Passive Electronic Components. Active components are mainly divided into three basic active electronic components which include: Semiconductors, Display Devices, Vacuum Tubes, Power Sources. Semiconductors are divided into Diodes, Transistors, Integrated Circuit (IC).  Diodes are further bifurcated into Rectifier Diode, Schottky Diode, Zener Diode, Photodiode, Others. Transistors are further bifurcated into Composite Transistors, Compound Transistor, Darlington Transistor, Field-Effect Transistor (FET), JFET (Junction Field-Effect Transistor), MOSFET (Metal Oxide Semiconductor FET), Photo Transistor, Others. Integrated Circuit are further bifurcated into Digital ICs, Analog ICs, Mixed-Signal ICs, Optoelectronics, Others. Display Devices are divided into Liquid Crystal Displays (LCDs), Light Emitting Diodes (LEDs), Organic LEDs. Power Sources are divided into Batteries, Photovoltaic Cells. 

Then the Passive Electronic Components are mainly divided into Resistors, Capacitors, Inductors, Electromechanical Components. Resistors are divided into Fixed Value Resistors, Variable Resistors, Network Resistors, Wire Wound Resistors, Carbon Film Resistors, Surface-Mount Resistors, Others. Capacitors are divided into Polarized Capacitors, Electrolytic Capacitors, Tantalum Capacitors, Non-Polarized Capacitors, Ceramic Capacitors, Polyester Capacitors, Paper Capacitors. Inductors are divided into Iron Core Inductors, Air Cored Inductors, Variable Inductors, Audio Frequency Inductors, Radio Frequency Inductors, Powdered Iron Core Inductors. Electromechanical Components are divided into Relays, Solenoids & Actuators, Switches, Encoders, Motors & Drives, Others. The Active Electronic Components segment dominated the global market in 2024, while the Passive Electronic Components segment is projected to be the fastest–growing segment during the forecast period.

Active components require an external source of power to operate in a circuit. An active component is an electronic component that supplies energy to a circuit. These components supply electrical energy to the circuit or provide power gain in the circuit. Active components, can amplify, can carry energy in one way or another, e.g. Integrated Circuit, battery, Diode etc. Active components make use of an external power source to add power to a system. They use one electrical signal to control another and are required for the circuit to be considered "electronic". Technically, we don’t define circuits without active components as "electronics". Active components are useful because they often enable a small amount of electricity to control a larger quantity.

Based on End-Use Vertical, this segment includes Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Medical, Telecommunications, Utilities, Robotics, Others. The Consumer Electronics segment dominated the global market in 2024, while the Medical segment is projected to be the fastest–growing segment during the forecast period.

Passive electronic components absorb energy and do not require electrical power to operate. They are commonly used in various electronic devices, such as computers, home appliances, smartphones, and gaming consoles. It is projected that growing electronics miniaturization will propel market expansion. The market for electronic components is anticipated to experience growth over the course of the forecast period as a result of rising demand for advanced architecture in tablets, smartphones, and gaming devices as well as rising adoption of cutting-edge wafer-level packaging technologies in sensors and MEMS. In 2024, consumer electronics accounted for the largest market share. Smartphones, tablets, computers, printers, smart televisions, digital cameras, and camcorders are just a few examples of consumer electronics.

Regional Analysis

Based on Region, the global Electronic Components are segmented into US, Europe and Asia Pacific. The Asia Pacific dominated the global market in 2024, while the US is projected to be the fastest–growing segment during the forecast period.

Major demand factors driving the Asia Pacific market are The Asia-Pacific electronic components market is witnessing rapid growth due to fast-paced technological developments and rising demand across different industries. The key growth driver is the growth of consumer electronics, especially in China, Japan, South Korea, and Taiwan, which together account for close to 45% of the world's market share in immersive media technologies. This expansion is fueled by the presence of giant consumer electronics companies and the expansion of the growing middle class with rising disposable incomes. Contributing to the expansion as well is the expansion of the Internet of Things (IoT), where governments and private players are significantly investing in IoT infrastructure to raise connectivity and automation. 

For instance, Singapore's Infocomm Media Development Authority (IMDA) established plans to build up IoT strengths, as its potential to grow the economy and improve city life is huge. For instance, Telkom and Cisco have established a strategic alliance to develop IoT control centers and software-defined networks in ASEAN countries. The rise of Industry 4.0 and automation is boosting the demand for electronic components. Advanced manufacturing techniques, such as 3D printing and robotics, are increasingly being adopted. The use of electronic components in automation and defense sectors is also growing, driven by the need for more efficient and reliable systems.

Key Findings of the Study

• The Global Electronics Component Market is expected to reach USD 384.23 Billion by 2035, at a CAGR of 5.0% during the forecast period.


• The Asia Pacific region accounted for the fastest growing in the global market.


• Based on End-Use Vertical, the Consumer Electronics segment was attributed to holding the largest market in 2024.


• Texas Instruments Incorporated, Broadcom Inc, Infineon Technologies Ag, NXP Semiconductors, Renesas Electronics Corporation, STMICROELECTRONICS NV, Microchip Technology Inc, Silicon Laboratories, Panasonic Industrial, Nordic Semiconductor, Murata Manufacturing Co. Ltd, Sagami Elec Co., Ltd, EREMU, Sa, Koa Corporation, TDK Corporation, Vishay INTERTECHNOLOGY, Inc, Agile Magnetics, Inc, Glen Magnetics, Samsung Electro-Mechanics, Nippon Chemi-Con Corporation and among others are the key marke