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Electrical And Electronics Components Market Revenue Projected To Rise To $122.16 Billion By 2030
The electrical and electronics components market size has experienced rapid expansion in recent years. This market is projected to expand from $72.69 billion in 2025 to $80.73 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 11.1%. Historically, this growth can be ascribed to several factors, including heightened demand from consumer electronics, the broader application of basic ICs and transistors, early integration into automotive electronics, the expansion of telecommunication infrastructure, and increased utilization within industrial control systems.
The market for electrical and electronics components is projected to undergo substantial expansion in the coming years. By 2030, this market is predicted to reach a valuation of $122.16 billion, demonstrating a compound annual growth rate (CAGR) of 10.9%. This anticipated growth during the forecast period stems from factors such as the increasing integration of advanced semiconductor components, the development of high-performance computing materials, a surging need for miniaturized components, the broadening scope of EV and autonomous vehicle electronics, and the creation of energy-efficient electronic systems. Key trends projected for this period encompass the incorporation of intelligent manufacturing systems for electronic components, the evolution of cybersecure component environments, the implementation of IoT-enabled monitoring for components, the widespread application of AI for component optimization, and an increase in robotics-supported component handling.
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Primary Growth Driver Shaping The Electrical And Electronics Components Market Outlook
The expanding automobile industry is anticipated to boost the growth of the electrical and electronic components market in the future. This industry encompasses the entire process of designing, developing, manufacturing, marketing, and selling various motor vehicles, such as cars, trucks, and motorcycles. Its current growth is primarily fueled by rising consumer desires for personal transportation and advanced vehicle technologies. This expansion in the automotive sector directly leads to a greater need for electronic components within vehicles, spanning from safety features and emission reduction systems to sophisticated technologies for electric and hybrid models. Illustratively, reports from the European Automobile Manufacturers Association (ACEA), a Europe-based auto industry body, indicated in October 2025 that battery-electric cars represented 16.1% of the EU market share by September 2025, up from 13.1% in September 2024 YTD. Furthermore, Hybrid-electric car registrations have significantly increased, claiming 34.7% of the market and remaining the top preference for EU consumers. Consequently, the increasing expansion of the automobile industry is acting as a key driver for the electrical and electronic components market.
Electrical And Electronics Components Market Structure: A Detailed Look At Segments And Subsegments
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
3) By Application: Power Management, Signal Processing, Data Transmission And Communication, Control And Automation, Others Application
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
Electrical And Electronics Components Market Innovation And Strategy Trends Among Leading Companies
Leading firms within the electrical and electronics components market are concentrating on creating advanced protection devices, specifically resettable electronic fuses (eFuses), to address the increasing need for dependable power management and circuit protection in automotive, industrial, and data-center environments. These eFuses are semiconductor-based electronic fuses that consolidate over-current, over-voltage, and thermal-shutdown capabilities into a small chip, providing resettable functionality and enhanced safety when contrasted with conventional single-use fuses. As an example, Nexperia, a semiconductor company based in the Netherlands, introduced its NPS3102A/B family of high-current eFuses in July 2024. This product line offers a low on-resistance of approximately ~17 mO, supporting up to 13.5 A current, an adjustable current limit from 2–13.5 A, a broad input voltage range of ~9–18 V (with a 21 V max), and a configurable fault response featuring either latch-off or auto-retry modes. Intended for 12 V systems like servers, SSDs, and 5G base stations, these eFuses enhance reliability, reduce the required board area, and decrease total solution expenses when compared to setups using discrete MOSFETs plus thermal fuses.
Top Companies Competing In The Electrical And Electronics Components Market
Major companies operating in the electrical and electronics components market are 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, 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., Idem Safety Switches Ltd., EUCHNER GmbH + Co KG, Eaton Corporation plc, Schneider Electric SE, American Connectors Inc., Amphenol Industrial Products Group, Thomas & Betts Corporation, Mitsubishi Electric Corporation, Siemens AG
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Electrical And Electronics Components Market Regional Outlook Across Major Geographies
North America was the largest region in the electrical and electronics components market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
