Global Electronic Components market size was valued at US$ 495.56 billion in 2021 and is expected to reach US$ 810.89 billion by 2026, with a growing CAGR of 10.8% in terms of revenue during Forecast 2022-2027.
In an electronic device which is used to affect the electronic field, an electronic component is a physical entity. Electronic components are mainly distinguished into two categories; active and passive components. Active electronic components are primarily used to yield energy in the form of voltage meanwhile passive electronic components can be used to store energy in the form of current. Active components are capable of energizing or amplifying the signal whereas passive components can only diminish it instead of amplifying or energizing the signal. In recent future, the growth in the usage of automotive technologies and Internet of things in electronic devices is anticipated to drive the overall growth of electronic components. Furthermore, increase in the usage of IoT in homes, telecommunication, factories and industrial & domestic electronics are some of the driving factors behind the growth of electronic components.
An electronic component is any basic discrete device or physical entity in an electronic system used to affect electrons or their associated fields. Electronic components are mostly industrial products, available in a singular form and are not to be confused with electrical elements, which are conceptual abstractions representing idealized electronic components. The Electronic Components industry concentration is not high; there are more than one thousands manufacturers in the world, and high-end products mainly from USA, Japan and European.
In recent years, the growing use of internet of things and automotive technologies in electronic devices is expected to drive the overall growth of the electronic components market. Furthermore, an increase in the use of the internet of things in factories, homes, telecommunications, and domestic and industrial electronics are among the factors driving demand for electronic components. Additionally, the increasing demand for electronic components by Original Equipment Manufacturers (OEMs) to fit smaller components to their circuit board assemblies creates a significant opportunity for the electronic components market during the forecast period.
The global Electronic Components include the identification and analysis of the various market participants competing in the global market. Prominent competitors include Analog Devices, Inc., Texas Instruments, Murata, ABB, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Kyocera, Samsung Electro-Mechanics, Omron, TDK Corporation, ON Semiconductor, Microchip, Nippon Mektron, Skyworks, Qorvo, Molex, Vishay, TE Connectivity Ltd., Taiyo Yuden Co., Ltd., Maxim Integrated, Microchip Technology, Nippon Chemi-Con, Amphenol, Littelfuse, Eaton Corp., KEMET, Vectron, Panasonic Corporation, Yageo and others.
April 27, 2021: KYOCERA and AVX to Establish New Brand "KYOCERA AVX" to Enhance its Business Worldwide--
Kyocera Corporation and AVX Corporation today announced that the companies have established a new integrated brand "KYOCERA AVX" to be used for the Kyocera group's electronic components business starting in October, 2021 (or later) following the integration of Kyocera's "Corporate Electronic Components Group" and "AVX" into a new segment, "Electronic Components Business" as of April 1, 2021.
7 January, 2022 – Infineon Technologies Launches Improved Power MOSFET Tech--
High power density, optimized performance, and ease of use are key requirements when designing modern power systems. To offer practical solutions for design challenges in end applications, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) launches the new generation of OptiMOS™ Source-Down (SD) power MOSFETs.
Electronic Components Market is segmented based on the type, applications, companies and regions.
Electronic Components Market has been segmented into By Type
An electromechanical component uses an electrical signal to cause a mechanical change, such as the rotation of a motor. A magnetic field is created by an electrical current, which causes physical movement.
Electronic Components Market has been segmented into By Applications
Based on region, the global electronic components market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to dominate the electronic components market during the forecast period. The growth in the region is attributed to the increasing penetration of smartphones as well as the increasing adoption of electric vehicles. For instance, according to the report published by Global System for Mobile Communication (GSMA), it is estimated around 2.8 Bn unique mobile subscribers and is forecasted to be 3.0 Billionn users with a CAGR of 1.2%. Moreover, the increasing adoption of IoT in various industries is anticipated to flourish the electronic components market growth in the region.
The report offers in-depth assessment of the growth and other aspects of the Electronic Components Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 10.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Analog Devices, Inc., Texas Instruments, Murata, ABB, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Kyocera, Samsung Electro-Mechanics, Omron, TDK Corporation, ON Semiconductor, Microchip, Nippon Mektron, Skyworks, Qorvo, Molex, Vishay, TE Connectivity Ltd., Taiyo Yuden Co., Ltd., Maxim Integrated, Microchip Technology, Nippon Chemi-Con, Amphenol, Littelfuse, Eaton Corp., KEMET, Vectron, Panasonic Corporation, Yageo |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of the Electronic Components Market?
The Electronic Components Market is growing at a CAGR of 10.8% over the next 5 years.
Who are the key players in Electronic Components Market?
Analog Devices, Inc., Texas Instruments, Murata, ABB, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Kyocera, Samsung Electro-Mechanics, Omron, TDK Corporation, ON Semiconductor, Microchip, Nippon Mektron, Skyworks, Qorvo, Molex, Vishay, TE Connectivity Ltd., Taiyo Yuden Co., Ltd., Maxim Integrated, Microchip Technology, Nippon Chemi-Con, Amphenol, Littelfuse, Eaton Corp., KEMET, Vectron, Panasonic Corporation, Yageo
What are the significant types of Electronic Components Market?
Active components, Passive components, Electromechanical
What are the major end-use applications of the Electronic Components Market?
Automotive, Communications, Computing Applications, Industrial, Instrumentation, Lighting, Medical, Motor Control, Security
On the basis of types, Which segment is likely to hold the major share in the Electronic Components Market?
Electromechanical segment to hold the largest share in Electronic Components market.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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