General Electronic Components Market Landscape 2025: Forecast Data and Growth Strategy Insights

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General Electronic Components Market Size Growth Forecast: What to Expect by 2025?
There has been a robust expansion in the overall size of the electronic components market in the past few years. The market, which is predicted to swell from $498.06 billion in 2024 to $541.29 billion in 2025, is expected to witness a compound annual growth rate (CAGR) of 8.7%. Factors such as rising disposable income, heightened internet usage, a low-interest rate environment, and substantial investments have precipitated the growth observed in the historic period.

How Will the General Electronic Components Market Size Evolve and Grow by 2029?
In the upcoming years, the overall electro-components market size is anticipated to experience robust growth. Its projected to reach $735.57 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. The boom in this forecast period is due to the escalating demand for electro-components in display devices and the rising requirement for the internet of things (IoT), presenting profitably rich possibilities. The anticipated trends within this forecast period include 3D printed electronic components, increasing mergers and acquisitions activities, deployment of artificial intelligence and machine learning in electronic component production, modular connector systems for transportation applications, and an upsurge in collaborations and partnerships.

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What Drivers Are Propelling the Growth of General Electronic Components Market Forward?
The forecasted growth in the general electronic components market is being driven by a rising demand for components like microwave tubes, cathode-ray tubes, X-ray tubes, photoelectric tubes, and triodes, which are increasingly used in display devices. Display devices, which provide information visually, are becoming smarter and thus fueling market growth. These devices are also creating opportunities in various applications like space technology, automotive, military applications, IoT, and others, thereby stimulating the electronic component market. Predominantly dominated by Asia-Pacific, particularly China, the market for general electronic components owes its lead to the country's large number of chip designers, chip makers, and other crucial components utilized in sectors including laptops, smartphones and IoT applications.

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Which Emerging Trends Are Transforming the General Electronic Components Market in 2025?
The integration of the Internet of Things (IoT) is a key driving trend shaping the expansion of the general electronic components market. The IoT has seen a significant surge in recent years, enabling communication and connection between various devices like fitness watches, smartphones, and smart meters. Various general electronic components such as resistors, transistors, capacitors, and diodes are utilized in the creation of smart devices, sensors, and actuators which can all connect with one another. As per IoT Analytics, the global number of IoT connections saw an 18% increase in 2022, reaching 14.3 billion active IoT endpoints. It's predicted that by 2025, there will be over 30 billion IoT connections, equating to roughly 4 IoT devices per person, thus suggesting a great demand for IoT devices.

What Are the Key Segments in the General Electronic Components Market?
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

Subsegments:
1) By Passive Components: Resistors, Capacitors, Inductors, Filters, Crystals And Oscillators
2) By Active Components: Integrated Circuits (ICs), Transistors, Diodes, Operational Amplifiers, Voltage Regulators
3) By Electromechanical Components: Switches, Relays, Connectors, Motors And Actuators, Sensors
4) By Other Products: Circuit Boards (PCBs), Embedded Systems, Power Supply Units, Display Components, Batteries And Power Management Devices

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Who Are the Key Players Shaping the General Electronic Components Market's Competitive Landscape?
Major companies operating in the general electronic components market include 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

What Geographic Markets Are Powering Growth in the General Electronic Components Market?
Asia-Pacific was the largest region in the general electronic components market in 2024. 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

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