The global electronic components market, comprising the essential building blocks of the modern digital economy, is experiencing robust growth driven by accelerating demand across critical sectors like 5G infrastructure, Artificial Intelligence (AI), the Internet of Things (IoT), and advanced automotive systems. Components—from microprocessors and integrated circuits to resistors and capacitors—are the core enablers of the world’s shift toward connectivity and automation.

The market was valued at a substantial USD 484,625.45 million in 2023. Based on the robust expansion of semiconductor production and continued global digitization, the market is projected to reach approximately USD 570,551.98 million by the end of 2025. This strong foundation underpins the long-term forecast, which anticipates the market to register a strong Compound Annual Growth Rate (CAGR) of 8.5% over the 2023–2030 period, ultimately targeting a value of USD 700,061.60 million by 2031.

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Segmentation and Market Share Analysis Electronic Components Market 

The market is broadly segmented by component type, application, and end-use industry.

By Component Type:

Active Components: Representing the largest share, this includes semiconductors (microprocessors, ICs, memory) and accounts for the majority of value due to high R&D and manufacturing complexity.

Passive Components: Essential for circuit functionality, including capacitors, resistors, and inductors.

Electromechanical Components: Covers switches, relays, and connectors necessary for physical interfaces.

By Application: The largest growth segments are Automotive Electronics (driven by EVs and autonomous driving) and Telecom/Networking (fueled by 5G rollout). Consumer Electronics remains a high-volume, competitive sector.

The critical competitive differentiator and the key LSI Keyword driving investment is Advanced Semiconductor Manufacturing, which encapsulates investments in sub-7nm process nodes and sophisticated packaging technologies to meet performance and power efficiency demands.

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Key Players Shaping the Global Market

The competitive landscape is dominated by large integrated device manufacturers (IDMs) and specialized fabless companies that manage complex global supply chains.

Infineon Technologies AG (Germany)

NXP Semiconductors NV (Netherlands)

Texas Instruments, Inc. (U.S.)

Toshiba Corp. (Japan)

Intel Corporation (U.S.)

Maxim Integrated (U.S.)

Broadcom Inc. (U.S.)

Qualcomm Inc. (U.S.)

Analog Devices, Inc. (U.S.)

Advanced Micro Devices (U.S.)

Microchip Technology, Inc. (U.S.)

Monolithic Power Systems, Inc. (U.S.)

Samsung Semiconductor, Inc. (South Korea)

SK Hynix Inc. (South Korea)

Mediatek Inc. (Taiwan)

Hitachi Ltd. (Japan)

Schurter (S) Pte, Ltd. (Switzerland)

Rewell Industrial Co. Ltd. (Taiwan)

Kyocera Electronics Devices (Japan)

Watts Electronics Pvt. Ltd. (India)

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Future Outlook Of Electronic Components Market 

The electronic components market is positioned for sustained high growth, forecasting a value of nearly USD 571 billion in 2025. The future of the market is inexorably linked to the successful execution of Advanced Semiconductor Manufacturing strategies, supply chain resilience, and the capacity of key players to deliver high-performance, energy-efficient components necessary for the next generation of AI and IoT devices. Continued investment in miniaturization and integration will be key to capturing market share.

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