Electronic Component Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type

Overview of the Electronic Component Market

The global electronic component market is poised for significant growth, driven by advancements in technology and increasing demand across various industries. By 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 5.8% to 7.2%, reaching a valuation of approximately $450 billion to $500 billion. This growth is fueled by the rising adoption of consumer electronics, automotive electronics, and communication technologies.

Market Size and Share Analysis

The electronic component market is segmented by product type, process, application, end-use, and region. In terms of product type, RLC components and passive radio frequency components are expected to dominate the market, accounting for 35% to 40% of the total market share. Key players such as Murata, TDK, and Taiyo Yuden are leading the market with innovative product offerings and strategic partnerships.

By Product Type

• RLC Components: Expected to grow at a CAGR of 6.5% to 7.5% from 2025 to 2030.
• Passive Radio Frequency Components: Projected to grow at a CAGR of 7.0% to 8.0% during the same period.

By Key Players

The market is highly competitive, with key players such as Murata, TDK, Taiyo Yuden, Vishay, Kemet, Samsung Electro-Mechanics, Yageo, Lelon, Guangdong Fenghua, Sunlord, Aihua Group, and Nantong Jianghai holding significant market shares. These companies are focusing on research and development to introduce advanced components that cater to the evolving needs of various industries.

By Process

The market is segmented into surface mount technology (SMT) and through-hole technology (THT). SMT is expected to dominate the market, accounting for 60% to 65% of the total market share, due to its efficiency and compatibility with modern electronic devices.

By Application

• Consumer Electronics: Expected to grow at a CAGR of 6.0% to 7.0% from 2025 to 2030.
• Automotive: Projected to grow at a CAGR of 7.5% to 8.5% during the same period.
• Communication: Anticipated to grow at a CAGR of 6.8% to 7.8%.
• Industrial: Expected to grow at a CAGR of 5.5% to 6.5%.

By End-Use

The market is segmented into original equipment manufacturers (OEMs) and aftermarket. OEMs are expected to hold a larger market share, accounting for 70% to 75% of the total market, due to the increasing demand for integrated electronic components in new products.

By Region

The market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is expected to dominate the market, accounting for 45% to 50% of the total market share, driven by the presence of major electronic component manufacturers and the rapid growth of the consumer electronics and automotive industries in the region.

Market Trends and Drivers

The electronic component market is driven by several key trends, including the increasing adoption of Internet of Things (IoT) devices, the rise of 5G technology, and the growing demand for electric vehicles (EVs). Additionally, the market is benefiting from the increasing integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in electronic devices.

Market News on Policy and Companies

Recent developments in the electronic component market include new product launches, mergers and acquisitions, and strategic partnerships. For instance, Murata recently announced the launch of a new line of high-performance capacitors designed for 5G applications. Similarly, TDK has entered into a strategic partnership with a leading automotive manufacturer to develop advanced electronic components for electric vehicles.

On the policy front, governments worldwide are implementing regulations to promote the use of energy-efficient electronic components. For example, the European Union has introduced new directives aimed at reducing the environmental impact of electronic waste, which is expected to drive the demand for eco-friendly electronic components.

Segment Forecasts (2025 - 2030)

The electronic component market is expected to witness robust growth across all segments from 2025 to 2030. The consumer electronics segment is projected to grow at a CAGR of 6.0% to 7.0%, while the automotive segment is expected to grow at a CAGR of 7.5% to 8.5%. The communication segment is anticipated to grow at a CAGR of 6.8% to 7.8%, driven by the increasing adoption of 5G technology.

In terms of regional growth, Asia-Pacific is expected to maintain its dominance, with a projected CAGR of 6.5% to 7.5%. North America and Europe are also expected to witness significant growth, with CAGRs of 5.5% to 6.5% and 5.0% to 6.0%, respectively.

Conclusion

The global electronic component market is set for substantial growth over the next few years, driven by technological advancements and increasing demand across various industries. Key players such as Murata, TDK, and Taiyo Yuden are leading the market with innovative product offerings and strategic partnerships. With the increasing adoption of IoT devices, 5G technology, and electric vehicles, the market is expected to witness robust growth across all segments from 2025 to 2030.