Global General Electronic Components Market Projected to Grow at 7.5% CAGR, Reaching $688.03 Billion by 2029

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What Will the General Electronic Components Industry Market Size Be by 2025?
The size of the general electronic components market has witnessed significant growth in the recent past. It is predicted to rise from $484.54 billion in 2024 to $515.66 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The growth during the historical period is associated with an increase in disposable income, greater internet accessibility, a low-interest-rate environment, and high-level investments.

What's the Long-Term Growth Forecast for the General Electronic Components Market Size Through 2029?
In the coming years, the overall market size for electronic components is predicted to experience robust growth. The market is projected to reach $688.03 billion in 2029 with a 7.5% compound annual growth rate (CAGR). This projected growth during the forecast period is ascribed to increasing needs for electronic components in display gadgets and an increased demand for the internet of things (IoT), providing significant financial opportunities. The predicted trends during the forecast period encompass 3D printed electronic components, increased merger and acquisition initiatives, the application of artificial intelligence and machine learning in electronic components manufacturing, the utilization of modular connector systems for transportation applications, as well as escalating partnerships and collaborations.

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What Are the Key Growth Drivers Fueling the General Electronic Components Market Expansion?
The anticipated upswing in the general electronic components market is set to be catalyzed by escalating demand for various tubes such as microwave, cathode-ray, X-ray, photoelectric and triodes in display devices. Visual data representation is the mainstay of display devices, which are basically output units. With the advent of smart technology, these devices are witnessing increased utilisation, thus spurring their market growth. They generate a plethora of opportunities for the expansion of the electronic components market across a wide range of applications, including satellite and space technology, vehicles, military applications, and the Internet of Things (IoT), among others. Presently, the Asia-Pacific region is dominating the general electronic components market, with China at the helm owing to its forte in chip designing, chip making, and other indispensable components used in devices like laptops, smartphones, and IoT applications.

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What Are the Key Trends Driving General Electronic Components Market Growth?
The burgeoning use of the Internet of Things (IoT) stands as a primary trend that propels the expansion of the general electronic components market. In the recent past, there has been a notable explosion in IoT adoption. IoT facilitates connectivity and communication among myriad devices, including smart meters, fitness trackers, and smartphones. General electronic components such as diodes, transistors, capacitors, and resistors are integral to creating smart devices, sensors, and actuators that can connect among themselves. As per IoT Analytics, the count of global IoT connections witnessed a rise of 18% in 2022, amounting to 14.3 billion active IoT endpoints. It is anticipated that by 2025, there would be more than 30 billion IoT connections, averaging about 4 IoT devices per person, therefore pointing to a strong demand for IoT devices.

How Is the General Electronic Components Market Segmented?
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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Which Companies Are Leading the Charge in General Electronic Components Market Innovation?
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

Which Regions Are Leading the Global General Electronic Components Market in Revenue?
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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