What is Global Electronic Components Market?
The Global Electronic Components Market is a vast and dynamic sector that encompasses a wide range of devices used in various electronic applications. These components are the building blocks of electronic devices, playing crucial roles in the overall functionality and performance of these devices. The market includes everything from tiny microchips used in smartphones and computers to large-scale components used in industrial machinery and automotive systems. The global market for these components is continually evolving, driven by technological advancements, changing consumer demands, and shifts in the global economy. As of now, the market is highly competitive and fragmented, with numerous players vying for market share.
Active components, Passive components, Electromechanical in the Global Electronic Components Market:
Diving deeper into the Global Electronic Components Market, we can categorize the components into three main types: active components, passive components, and electromechanical components. Active components are those that require an external power source to operate and can control the flow of electricity. These include transistors, diodes, and integrated circuits. Passive components, on the other hand, do not require any external power source and cannot control the flow of electricity. These include resistors, capacitors, and inductors. Lastly, electromechanical components are devices that use electrical power to create mechanical movement or vice versa. These include motors, switches, and relays. Each of these components has its unique characteristics and applications, contributing to the diversity and complexity of the global market.
Automotive, Communications and Computing, Lighting, Industrial, Medical, Security Application, Others in the Global Electronic Components Market:
The usage of electronic components is widespread and spans across various sectors. In the automotive industry, these components are used in vehicle control systems, infotainment systems, and safety features. In the communications and computing sector, they are used in devices like smartphones, computers, and networking equipment. In the lighting industry, electronic components are used in LED lighting systems, smart lighting solutions, and energy-efficient lighting products. In the industrial sector, these components are used in machinery, automation systems, and control systems. In the medical sector, they are used in medical devices and equipment. In the security application sector, electronic components are used in security systems, surveillance equipment, and access control systems. Lastly, in the 'others' category, electronic components are used in various other applications like consumer electronics, aerospace, and defense.
Global Electronic Components Market Outlook:
To provide a snapshot of the Global Electronic Components Market, in 2022, the market was valued at US$ 478960 million. It is projected to reach a value of US$ 630930 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2029. This growth is driven by various factors, including technological advancements, increasing demand for electronic devices, and the growing adoption of automation in various sectors. The market is dominated by leading manufacturers such as Texas Instruments, Murata, and ABB, which accounted for revenue ratios of 4.30%, 3.94%, and 3.30%, respectively, in 2019. These companies have a strong presence in the market, offering a wide range of electronic components to cater to the diverse needs of the market.
| Report Metric | Details |
| Report Name | Electronic Components Market |
| Accounted market size in 2023 | US$ 478960 million |
| Forecasted market size in 2029 | US$ 630930 million |
| CAGR | 4.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Texas Instruments, Murata, ABB, STMicroelectronics, NXP Semiconductors, Kyocera, Omron, Amphenol, ON Semiconductor, Infineon Technologies, Samsung Electro-Mechanics, TDK Corporation, Analog Devices, Inc., Molex, Vishay, Qorvo, Nippon Mektron, Vectron, Yageo, Skyworks, Taiyo Yuden Co., Ltd., Eaton Corp., TE Connectivity Ltd., Littelfuse, Panasonic Corporation, KEMET, Nippon Chemi-Con, Microchip |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
