Electronics Component Market Research Report Information By Category (Active Electronic Components (Semiconductors (Diodes (Rectifier Diode, Schottky Diode, Zener Diode, Photodiode, Others), Transistors (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 (IC)( Digital ICs, Analog ICs, Mixed-Signal ICs, Optoelectronics, Others)), Display Devices (Liquid Crystal Displays

Global Electronics Component Market Overview

The Electronics Component Market was valued at USD 225.77 Billion in 2024. The Electronics Component Market industry is projected to grow from USD 235.97 Billion in 2025 to USD 384.23 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.0% during the forecast period (2025-2035).

The increasing development and expansion of IOT devices and technological advancements and innovation and growing demand for connected devices and IOT solutions are driving the growth of the electronics component market.

As per the Analyst at MRFR, the Electronic Components market is expected to grow during the forecast period, primarily due to Increasing Development and Expansion of IoT Devices, Technological Advancements and Innovation and Growing Demand for Connected Devices and IoT Solutions. 

Moreover, Significant growth opportunities for Growing demand for robots across the industry, Rise of Renewable Energy Solution and Large-scale adoption of Industrial Automation Solution is expected to create an opportunity for the players operating in the Electronic Components Market. However, Maintaining Quality with Cost-Efficiency and Obsolete Electronic Components and Decrease in the profit margins of manufacturers are expected to restrict the growth of the Electronic Components Market to a certain extent during the forecast period.

 FIGURE 1: ELECTRONICS COMPONENT MARKET VALUE (2019-2035) USD BILLION

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electronics Component Market Opportunity

GROWING DEMAND FOR ROBOTS ACROSS THE INDUSTRY

The growing demand for robots across various industries presents a significant opportunity for the electronic components market, as robotics systems heavily rely on a wide range of Electronic Components to function efficiently. These include sensors, actuators, microcontrollers, power electronics, and communication modules—all essential for enabling automation, precision control, and real-time data processing. For example, in the automotive industry, companies like Tesla and BMW use industrial robots equipped with advanced vision sensors and AI-powered controllers for tasks such as welding, painting, and assembly. 

These robots require high-performance Electronic Components to ensure accuracy, safety, and speed. Similarly, in the healthcare sector, surgical robots like the da Vinci system use high-precision actuators and control circuits to perform minimally invasive surgeries, showcasing the critical role of electronics in medical innovation. 

As industries worldwide continue to adopt robotics to enhance productivity, reduce labor costs, and improve quality, the demand for robust and efficient Electronic Components is set to rise sharply. This trend offers manufacturers and suppliers in the components market a strong growth pathway, especially as robots become more intelligent, compact, and integrated into everyday operations across sectors like logistics, manufacturing, agriculture, and healthcare.

Electronics Component Market Segment Insights

Electronics Component by Category Insights

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.

FIGURE 2: ELECTRONICS COMPONENT MARKET SHARE BY CATEGORY 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electronics Component by End-Use Vertical Insights

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.

Electronics Component Regional Insights

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.

FIGURE 3: ELECTRONICS COMPONENT MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the countries considered in the scope of the Application Tracking System Market are the Bulgaria, Hungary, Poland, Romania, Russia, Slovakia, Czech Republic, Rest of East Europe, Belgium, France, Germany, Netherlands, Austria, Luxembourg, Rest of West Europe, Finland, UK, Ireland, Norway, Sweden, Denmark, Rest of Northern Europe, Spain, Turkey, Portugal, Greece, Italy, Croatia, Rest of Southern Europe, China, India, Japan, South Korea, Malaysia, Taiwan, Singapore, Rest of APAC  and others.

Global Electronics Component Key Market Players & Competitive Insights

Many global, regional, and local vendors characterize the Electronics Component Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major competitors in the market are 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, are among others. The Electronics Component Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the 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

Electronics Component Industry Developments

June 2024: Sagami Elec Co., Ltd. released metallic magnetic material inductors 'XRK1770B' and 'XRK2213B'. The company also Launched high current type power inductors 'CDG6250CB'.

January 2023: Infineon Technologies AG's MOTIX family for automotive and commercial motor control applications provides a wide range of products with different levels of integration. Infineon releases the MOTIX 3-phase gate driver IC 6ED2742S01Q to broaden its product line. The 160 V silicon-on-insulator (SOI) gate driver comes in a QFN-32 package with a thermally efficient exposed power pad and has an integrated power management unit (PMU). Because of this, the simple-to-integrate device is perfect for battery-powered industrial BLDC motor control drives, such as those used in robotics, drones, cordless power tools, and light electric vehicles.

June 2023: STMicroelectronics unveiled a series of octal high-side switches with integrated galvanic isolation to enhance durability. These switches offer a low RDS (on) of under 260 mΩ, resulting in improved energy efficiency. Additionally, they come with protection diagnostics, enhancing reliability and facilitating troubleshooting processes.

June 2023: NXP introduced a breakthrough in 5G radio technology with their new top-side cooling packaging. This innovative technology allows for more compact and lightweight radio units, making it easier and faster to deploy 5G base stations. The new top-side cooling for RF power enables smaller and thinner radios, streamlining the implementation of 5G infrastructure.

Electronics Component Market Segmentation

Electronics Component by Category Outlook

• Active Electronic Components
  
  
  
  • Semiconductors
    
    
    
    • Diodes
      
      
      
      • Rectifier Diode
      
      
      • Schottky Diode
      
      
      • Zener Diode
      
      
      • Photodiode
      
      
      • Others
      
      
      
      
    
    
    
    
  
  
  • Transistors
    
    
    
    • 
      
      
      
      • 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 (IC)
    
    
    
    • 
      
      
      
      • Digital ICs
      
      
      • Analog ICs
      
      
      • Mixed-Signal ICs
      
      
      • Optoelectronics
      
      
      • Others
      
      
      
      
    
    
    
    
  
  
  • Display Devices
    
    
    
    • 
      
      
      
      • Liquid Crystal Displays (LCDs)
      
      
      • Light Emitting Diodes (LEDs)
      
      
      • Organic LEDs
      
      
      
      
    
    
    
    
  
  
  • Vacuum Tubes
  
  
  • Power Sources
    
    
    
    • 
      
      
      
      • Batteries
      
      
      • Photovoltaic Cells
      
      
      
      
    
    
    
    
  
  
  
  


• Passive Electronic Components
  
  
  
  • 
    
    
    
    • Resistors
      
      
      
      • Fixed Value Resistors
      
      
      • Variable Resistors
      
      
      • Network Resistors
      
      
      • Wire Wound Resistors
      
      
      • Carbon Film Resistors
      
      
      • Surface-Mount Resistors
      
      
      • Others
      
      
      
      
    
    
    • Capacitors
      
      
      
      • Polarized Capacitors
      
      
      • Electrolytic Capacitors
      
      
      • Tantalum Capacitors
      
      
      • Non-Polarized Capacitors
      
      
      • Ceramic Capacitors
      
      
      • Polyester Capacitors
      
      
      • Paper Capacitors
      
      
      
      
    
    
    • Inductors
      
      
      
      • Iron Core Inductors
      
      
      • Air Cored Inductors
      
      
      • Variable Inductors
      
      
      • Audio Frequency Inductors
      
      
      • Radio Frequency Inductors
      
      
      • Powdered Iron Core Inductors
      
      
      
      
    
    
    
    
  
  
  • Electromechanical Components
    
    
    
    • 
      
      
      
      • Relays
      
      
      • Solenoids & Actuators
      
      
      • Switches
      
      
      • Encoders
      
      
      • Motors & Drives
      
      
      • Others
      
      
      
      
    
    
    
    
  
  
  
  

Electronics Component by End-Use Vertical Outlook

• Consumer Electronics


• Automotive


• Aerospace and Defence


• Industrial


• Medical


• Telecommunications


• Utilities


• Robotics


• Others

Electronics Component Regional Outlook

• US


• Europe
  
  
  
  • East Europe
    
    
    
    • Bulgaria
    
    
    • Hungary
    
    
    • Poland
    
    
    • Romania
    
    
    • Russia
    
    
    • Slovakia
    
    
    • Czech Republic
    
    
    • Rest of East Europe
    
    
    
    
  
  
  • West Europe
    
    
    
    • Belgium
    
    
    • France
    
    
    • Germany
    
    
    • Netherlands
    
    
    • Austria
    
    
    • Luxembourg
    
    
    • Rest of West Europe
    
    
    
    
  
  
  • Northern Europe
    
    
    
    • Finland
    
    
    • UK
    
    
    • Ireland
    
    
    • Norway
    
    
    • Sweden
    
    
    • Denmark
    
    
    • Rest of Northern Europe
    
    
    
    
  
  
  • Southern Europe
    
    
    
    • Spain
    
    
    • Turkey
    
    
    • Portugal
    
    
    • Greece
    
    
    • Italy
    
    
    • Croatia
    
    
    • Rest of Southern Europe
    
    
    
    
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Malaysia
  
  
  • Taiwan
  
  
  • Singapore
  
  
  • Rest of APAC
  
  
  
  

Report Attribute/Metric	Details
Market Size 2024	USD 225.77 Billion
Market Size 2025	USD 235.97 Billion
Market Size 2035	USD 384.23Billion
Compound Annual Growth Rate (CAGR)	5.0% (2025-2035)
Base Year	2024
Forecast Period	2025-2035
Historical Data	2019-2023
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Category, By End-Use Vertical
Geographies Covered	US, Europe, and APAC
Countries Covered	The Bulgaria, Hungary, Poland, Romania, Russia, Slovakia, Czech Republic, Rest of East Europe, Belgium, France, Germany, Netherlands, Austria, Luxembourg, Rest of West Europe, Finland, UK, Ireland, Norway, Sweden, Denmark, Rest of Northern Europe, Spain, Turkey, Portugal, Greece, Italy, Croatia, Rest of Southern Europe, China, India, Japan, South Korea, Malaysia, Taiwan, Singapore, Rest of APAC
Key Companies Profiled	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
Key Market Opportunities	Growing demand for robots across the industry, Rise of renewable energy solution
Key Market Dynamics	Increasing development and expansion of IOT devices, Technological advancements and innovation