Comprehensive Electrical And Electronics Components Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Electrical And Electronics Components Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of electrical and electronic components has seen quick growth in the past few years. It will escalate from its worth of $66.45 billion in 2024 to be valued at $73.84 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. Factors such as the rise in customer electronics, upturn in automotive electronics, industrial automation, higher requirements for data storage, and a surge in demand for energy-efficient devices account for the growth experienced in the historic period.

Electrical And Electronics Components Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for electrical and electronics components is projected to experience significant growth, with predictions suggesting it will reach $114.41 billion by 2029, showcasing a compound annual growth rate (CAGR) of 11.6%. Several factors are set to contribute to this expected growth during the forecast period, such as the adoption of electric vehicles and the development of charging infrastructure, the broaden scope of edge computing, the emergence of flexible and printed electronics, an increased need for cybersecurity, sustainable and green electronics, and initiatives towards smart cities. The forecast period is also expected to witness certain key trends including advancing semiconductor technologies, customizing component design, integrating artificial intelligence in component development, building resilience and digitalization in supply chain, and the deployment of 5g technology.

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What Are the Drivers Transforming the Electrical And Electronics Components Market?
The growth of the electrical and electronics components market is anticipated to be boosted by the increasing prevalence of smartphones. These compact, mobile devices are used for an array of tasks, and recent developments have given consumers access to a multitude of gadgets for pleasure or commerce, including laptops and smartphones. This has escalated the demand for smartphones, consequently intensifying the need for the electronic components that constitute these phones. As per recent data in 2022, released by the Lithuania-based e-commerce platform, Obrelo, it has been predicted that 96.1% of shoppers will possess a cellphone. Tablets rank as the third most prevalent electronic gadget owned by 34% of the global population, followed by laptops and desktop computers held by 59% of worldwide consumers. Therefore, the escalating prevalence of smartphones stimulates the market for electrical and electronics components.

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What Long-Term Trends Will Define the Future of the Electrical And Electronics Components Market?
Advancements in technology are emerging as a major trend in the electrical and electronic components industry. Major enterprises that compete in this market are focusing on crafting novel technological solutions to reinforce their market standing. For example, in March 2022, Odyssey Semiconductor Technologies, Inc., a semiconductor manufacturing company headquartered in New York, pioneered the creation of advanced vertical GaN power field-effect transistors (FETs). These transistors, which merge SiC's superior voltage rating with GaN's exceptional conversion efficiency, are set to deliver unprecedented performance in high-demand applications. This is achieved by offering leading-edge efficiency, confirmed by the company's technique at a 700 V rating, demonstrating minimal gate leakage and the capability to function in a mode where they are typically off.

Which Segments in the Electrical And Electronics Components Market Offer the Most Profit Potential?
The electrical and electronics components market covered in this report is segmented -

1) By Type: Passive, Active, Electro Mechanics
2) By End User: Consumer Electronics, Networking And Telecommunication, Automotive, Manufacturing, Aerospace And Defense, Healthcare, Other End users

Subsegments:
1) By Passive: Resistors, Capacitors, Inductors, Filters, Transformers
2) By Active: Diodes, Transistors, Integrated Circuits (ICs), Operational Amplifiers, Voltage Regulators
3) By Electromechanics: Relays, Switches, Connectors, Circuit Breakers, Motors

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Which Firms Dominate the Electrical And Electronics Components Market by Market Share and Revenue in 2025?
Major companies operating in the electrical and electronics components market include Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments Inc., Toshiba Corporation, Panasonic Corporation, Advanced Micro Devices Inc., Intel Corporation, Maxim Integrated Products Inc., Broadcom Inc., Qualcomm Inc., Analog Devices Inc., Microchip Technology Inc., Monolithic Power Systems Inc., Renesas Electronics Corporation, STMicroelectronics NV, Cypress Semiconductor Corporation, Honeywell International Inc., Tokyo Denki Kagaku Kogyo K.K. Corporation, Vishay Intertechnology Inc., TE Connectivity Ltd., Smiths Interconnect Inc., Yamaichi Electronics Co Ltd., Enplas Corporation, Leeno industrial Inc., Rockwell Automation Inc., Idem Safety Switches Ltd., Asea Brown Boveri Ltd., EUCHNER GmbH + Co KG, Eaton Corporation plc, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Woodward Inc., American Connectors Inc., Amphenol Industrial Products Group, Thomas & Betts Corporation, Mitsubishi Electric Corporation, Siemens AG

Which Regions Offer the Highest Growth Potential in the Electrical And Electronics Components Market?
North America was the largest region in the electrical and electronics components market in 2024. Asia-Pacific is expected to be the fastest-growing region in the electrical and electronic components market report during the forecast period. The regions covered in the electrical and electronics components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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