Global General Electronic Components Market Size 2024, Forecast To 2033
11 Mar, 2024
The general electronic components market size has exhibited strong growth, escalating from $514.79 billion in 2023 to $550.59 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.0%. This growth in the historic period is attributed to the rise in disposable income, increased internet penetration, a low-interest rate environment, and high investments. Anticipating strong growth, the market is projected to reach $708.41 billion in 2028 at a CAGR of 6.5%. The growth in the forecast period can be linked to rising demand for electronic components in display devices, an increase in demand for the Internet of Things (IoT), and financially lucrative opportunities. Major trends in the forecast period include 3D printed electronic components, a rise in merger and acquisition activity, artificial intelligence and machine learning in electronic components manufacturing, modular connector systems for transportation applications, and rising collaborations and partnerships.
Global General Electronic Components Market Key Driver
The increasing demand for electronic components such as microwave tubes, cathode-ray tubes, X-ray tubes, photoelectric tubes, and triodes in display devices is set to propel the general electronic components market in the forecast period. Display devices, functioning as output devices providing visual information, have witnessed a surge in demand as most devices transition towards smart technology. This shift is contributing to the overall growth of display devices, creating numerous opportunities for the electronic component market across applications like satellite and space technology, automotive, military, IoT, and others. Asia-Pacific, with China at the forefront, emerges as the primary market for general electronic components, boasting the presence of major chip designers and makers crucial for laptops, smartphones, and IoT applications. In 2028, the market size for general electronic components is projected to see substantial growth.
Get A Free Sample Of The Global General Electronic Components Market ReportGlobal General Electronic Components Market Segments
The general electronic components market covered in this report is segmented –
1) By Product Type: Passive, Active, Electromechanical Components, Other Products
2) By End-Use Industry: Aerospace, Communication, Automotive, Other End-User
3) By Sales: Aftermarket , Manufacturer / Distributor / Service Provider
By Geography:The regions covered in the general electronic components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
Asia-Pacific was the largest region in the general electronic components market in 2023. North America was the second-largest region in the global general electronic components market share. The regions covered in the general electronic components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major General Electronic Components Industry Players
Murata Manufacturing Co., Ltd., STMicroelectronics, Infineon Technologies, TE Connectivity, TDK Corporation, Yageo Corporation, Amphenol Corporation, Vishay Intertechnology, Texas Instruments, Analog Devices, Inc., Fairchild Semiconductor, EPCOS, API Technologies, Siemens Ltd, Bosch Ltd, ABB India Ltd, Crompton Greaves Ltd, Exide Industries Ltd, Bharat Electronics Ltd, Sterlite Technologies Ltd, Amar Raja Batteries Ltd, Surya Roshini Ltd, Finolex Cables Ltd, Qualcomm India Pvt Ltd, Honey well Automations India Ltd, 3M India Ltd, V Guard Industries Ltd, Schmersal India Private Limited, Svel Sensors & Controls Private Limited, Medical Sensors India Private Limited, Turck India Automation Private Limited, AAC Technologies, China Electronics Cooperation, Fujian Jinhua Integrated Circuit, Suzhou Orientation Semiconductors, Western Digital, Seagate Technology, Toshiba, Xiaomi Corporation, Meizu Technology Co., Ltd, Konka Group Co., Ltd, Hisense Group, Kyocera, Panasonic Corporation, Renesas Electric Corporation, Hitachi, Agilent Technologies Japan, Selko Epson, Yamaha, NEC, Fujitsu Components, Sharp, Sanyo, Pioneer, Slovakia, Sony, Foxconn and Daimler, Peugot, Prestigio Technologies, King Brother, JSC Eltech-SPb, Crocus nano Electronics, Korona Semiconductor, Rohm Semiconductors, Maxim Integrated Products Inc., Arrow Electronics, ON Semiconductor Corporation, New York Semiconductor, Rochester Electronics, Gama Electronics, AVX Corporation, Eaton Corp, Advanced Micro Devices, Smart Modular Technologies, IntelBras, Tecsys, The Leadership Group, Multilaser, Flextronics, LG, Digitron, Foto Electronica Beta Srl, AUTER, Ducasse Comercial Ltd, Tekemi, Videocorp, Satelinx Ingeniería Limited, Linktronic, Arabian Power Electronics Company, Leap Technologies FZC, United Transformers Electric, Electro Power Systems, Electro Mechanical Company LLC, Avnet South Africa, Samsung Electronics, Electrocomp (PTY) Ltd
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General Electronic Components Market Overview
General electronic components are the devices that work within an electronic system to have an effect on their associated fields. These components have a number of electrical terminals that are connected to form an electronic circuit with a particular function, such as an amplifier or oscillator.
General Electronic Components Global Market Report 2023 provides data on the global general electronic components market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The general electronic components market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.