Future of the Electrical And Electronics Components Market: Trends, Innovations, and Key Forecasts Through 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Electrical And Electronics Components Market Size Growth Forecast: What to Expect by 2025?
There's been a robust expansion in the market size of electrical and electronics components in the recent past. The market, which was valued at $66.45 billion in 2024, is expected to escalate to $72.69 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.4%. The remarkable growth in the past was propelled by factors such as the surge in consumer electronics, growth in automotive electronics, industrial automation, a rise in data storage requirements, and an increase in demand for energy-efficient devices.

How Will the Electrical And Electronics Components Market Size Evolve and Grow by 2029?
Expectations are high for the electrical and electronics components market size, with rapid growth predicted in the coming years. By 2029, forecasts project the market will expand to a value of $110.3 billion, with a compound annual growth rate (CAGR) of 11.0%. Factors contributing to this growth during the forecast period include advancements in electric vehicles and charging infrastructure, expansion of edge computing, the evolution of flexible and printed electronics, rising cybersecurity needs, initiatives in smart cities, and the increasing focus on sustainable and green electronics. Key trends to watch for in the same period include the improvement of semiconductor technologies, a growing trend of customization in component design, AI being incorporated in component development, resilience and digitalisation in supply chain, and the deployment of 5G technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/electrical-and-electronics-components-global-market-report

What Drivers Are Propelling the Growth of Electrical And Electronics Components Market Forward?
As the popularity and usage of smartphones increase, it is predicted to fuel the expansion of the electrical and electronics component sector. For multiple functions, smartphones are utilized as convenient mobile devices. With the widespread availability of a diverse array of gadgets like laptops and smartphones for leisure and shopping, a surge in smartphone demand and consequently their electronic components has been observed recently. For instance, as per the latest 2022 data from Obrelo, an e-commerce platform from Lithuania, 96.1% of users would possess a mobile phone. Tablets hold the position of the third most prevalent electronic device with a global ownership rate of 34%, trailed by laptops and desktop computers with a 59% ownership rate worldwide. Therefore, the escalating use of smartphones is a significant catalyst for the electrical and electronics components industry.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9221&type=smp

What Are the Key Trends Driving Electrical And Electronics Components Market Growth?
The emergence of advanced technology is a significant trend gaining traction in the world of electrical and electronic components. Companies operating within this sphere are honing their focus on the creation of innovative technological solutions to cement their hold in the market. In a recent example from March 2022, Odyssey Semiconductor Technologies, Inc. - a semiconductor production firm based in New York, engineered cutting-edge vertical GaN power field-effect transistors (FETs). These transistors fuses the superior voltage rating of SiC with GaN's commendable conversion efficiency, triggering a revolutionary performance for extreme applications. The effectiveness of this approach has been verified at a 700 V rating that displays extremely low gate leakage and can function in a mode where they are normally switched off.

What Are the Key Segments in the Electrical And Electronics Components Market?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9221&type=smp

Who Are the Key Players Shaping the Electrical And Electronics Components Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth 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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9221

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.