Electrical And Electronics Components Market to Grow at a CAGR of 11% from 2025 to 2029

November 14, 2025 by The Business Research Company

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What Is The Future Market Size Estimation For The Electrical And Electronics Components Market Covering 2025–2034?

The valuation of the electrical and electronics components sector has demonstrated robust expansion recently; specifically, projections indicate an escalation from $66.45 billion in the year 2024 to $72.69 billion by 2025, reflecting a compound annual growth rate (CAGR) of 9.4%, a surge principally driven by the flourishing consumer electronics sector, advancements in automotive electronics, the proliferation of industrial automation, escalating requirements for data storage solutions, and an increased consumer preference for energy-saving apparatuses.

Anticipation points toward swift expansion within the electrical and electronics components sector over the forthcoming years, projecting a valuation of $110.3 billion by 2029, driven by an 11.0% compound annual growth rate. This upward trajectory throughout the projection window is being fueled by several key factors: the rising prominence of electric vehicles alongside their necessary charging networks, the widespread adoption of edge computing, the advances in flexible and printed circuitry, increasing requirements for robust cybersecurity solutions, the implementation of smart city projects, and a general shift towards environmentally sound and green electronic solutions. Significant market movements anticipated during this period encompass the emergence of sophisticated semiconductor innovations, a greater emphasis on tailoring component designs to specific needs, the incorporation of artificial intelligence into the component creation process, efforts to bolster the durability and digital transformation of supply chains, and the ongoing roll-out of 5G technology infrastructure.

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Which Major Market Drivers Are Shaping The Future Of The Electrical And Electronics Components Market?

Increased smartphone accessibility is anticipated to fuel the expansion of the electrical and electronics components sector in the near future. These handheld, portable devices serve numerous purposes for users. With a diverse array of consumer electronics for entertainment and commerce, such as laptops and mobile phones, now readily available, the desire for smartphones has surged, consequently boosting the requisite demand for the electronic parts integrated within them. Supporting this trend, information released by Obrelo, an e-commerce platform established in Lithuania, indicated that as of 2022, a significant 96.1% of consumers possessed a mobile cellular device. Furthermore, tablets rank as the third most prevalent electronic apparatus, with 34 percent of the world population having ownership of at least one, succeeded by laptops and stationary personal computers, which are held by 59 percent of global users. Consequently, the escalating adoption rate of smartphones is the primary catalyst propelling the growth trajectory of the electrical and electronics components market.

What Are The Major Segment Categories Driving The Electrical And Electronics Components Market Growth?

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

Which Key Trends Are Expected To Influence The Electrical And Electronics Components Market In The Coming Years?

A significant trend currently accelerating within the sphere of electrical and electronic components involves technological progress, prompting major industry players to concentrate efforts on innovating novel technical solutions to solidify their competitive standing. For illustration, by March 2022, Odyssey Semiconductor Technologies, Inc., a semiconductor fabrication firm headquartered in New York, successfully engineered sophisticated vertical GaN power field-effect transistors (FETs); these specific transistors merge the elevated voltage capacity characteristic of SiC materials with the superior conversion efficiency inherent to GaN, consequently promising unprecedented performance in exceptionally rigorous applications through the provision of top-tier efficiency, which was empirically confirmed at a 700 V threshold, demonstrating remarkably minimal gate leakage and the capability to function in an intrinsically non-conducting state.

Who Are The Major Companies Operating In The Electrical And Electronics Components Market?

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

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How Does The Electrical And Electronics Components Market Perform Across Key Geographic Regions?

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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