Market Overview:
The global electrical components market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for consumer electronics, networking & telecommunication, automotive, and manufacturing applications. Additionally, the growing demand for electric vehicles is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. The active components segment is expected to dominate the global electrical components market during 2018-2030 owing to its wide usage across various applications such as consumer electronics, networking & telecommunication, automotive and others.
Product Definition:
Electrical Components are the basic elements of an electrical circuit. They include wires, resistors, capacitors, and inductors. Electrical components are important because they allow electricity to flow through a circuit and power devices.
Active Components:
Active components are those which have a direct positive or negative influence on the performance of an electrical component. They can be categorized into two types, active electronic components and passive components.
Active electronic Components: Active electronic Components include semiconductors, printed circuit boards (PCB), integrated circuits (IC), transistors, diodes and resistors among others.
Passive Components:
Passive components are the internal parts of electrical devices that do not generate an electric current. They include resistors, inductors and capacitors among others. The market for passive components is expected to witness significant growth over the forecast period owing to their increasing usage in electronic gadgets such as mobile phones, cameras and MP3 players among others.
The global market for passive components was valued at USD 132 billion in 2012.
Application Insights:
The consumer electronics segment accounted for a revenue share of over 30% in 2017. The growth can be attributed to the increasing use of electronic devices in various end-use applications such as consumer appliances, healthcare, and networking & telecommunication. Moreover, the growing preference for miniaturized equipment with enhanced features is expected to boost product demand over the forecast period.
The manufacturing segment is anticipated to witness significant growth owing to increasing industrialization activities across developing countries including India, China South Korea and Indonesia. In addition, stable economic conditions in developed countries including U.S., Germany France and UK are likely to result in increased investments which will positively impact industry expansion over the forecast period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing manufacturing activities in this region. China and India are among the largest countries with high production capabilities, which has led to a significant increase in demand for electronic components across both these countries. Additionally, rising disposable income levels and rapid urbanization have also contributed significantly toward regional growth. Increasing investments from foreign players such as Broadcom Inc.; NXP Semiconductors; Intel Corporation; Samsung Electronics Co., Ltd.; Texas Instruments Inc.; Qualcomm Technologies Inc.
Europe was estimated at USD X billion in 2017 owing to early adoption of technologies across various applications resulting into large market share of active components segmented on account of presence of major manufacturers such as Siemens AG & Co., Alstom Grid SAS, General Electric Company).
Growth Factors:
- Increasing demand from the automotive industry: The global electrical components market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the automotive industry. The growth of this market can be attributed to the increasing production and sales of passenger cars and commercial vehicles across the globe.
- Rising demand for electric vehicles: The global electrical components market is also witnessing a rise in demand for electric vehicles, which is further propelling its growth prospects. This can be attributed to various factors such as stringent emission norms by regulatory authorities and rising consumer awareness about environment-friendly alternatives to conventional fuel-powered vehicles.
- Growing investments in renewable energy sources: Another key factor driving growth in this market is growing investments in renewable energy sources such as solar and wind power across different regions of the world, which are subsequently boosting adoption of electrical components for these applications.. 4) Proliferation of smart grids: Proliferation of smart grids is another major factor that would drive adoption rates for electrical components over coming years; as it would enable two-way communication between utilities and consumers, helping reduce wastage & improve efficiency levels overall 5) Emerging economies offer lucrative opportunities: A large number or emerging economies are offering lucrative opportunities for players operating in this space on account og their burgeoning industrial base an expanding middle class population
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Components Market Research Report
By Type
Active Components, Passive Components
By Application
Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing, Aerospace & Defense, Healthcare, Others
By Companies
Texas Instruments, Murata, ABB, STMicroelectronics, NXP Semiconductors, Kyocera, Omron, Amphenol, ON Semiconductor, Infineon Technologies, Samsung Electro-Mechanics, TDK Corporation, Analog Devices, Inc., Molex, Vishay, Qorvo, Nippon Mektron, Vectron, Yageo, Skyworks, Taiyo Yuden Co., Ltd., Eaton Corp., TE Connectivity Ltd., Littelfuse, Panasonic Corporation, KEMET, Nippon Chemi-Con, Microchip
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Components Market Report Segments:
The global Electrical Components market is segmented on the basis of:
Types
Active Components, Passive Components
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing, Aerospace & Defense, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- Murata
- ABB
- STMicroelectronics
- NXP Semiconductors
- Kyocera
- Omron
- Amphenol
- ON Semiconductor
- Infineon Technologies
- Samsung Electro-Mechanics
- TDK Corporation
- Analog Devices, Inc.
- Molex
- Vishay
- Qorvo
- Nippon Mektron
- Vectron
- Yageo
- Skyworks
- Taiyo Yuden Co., Ltd.
- Eaton Corp.
- TE Connectivity Ltd.
- Littelfuse
- Panasonic Corporation
- KEMET
- Nippon Chemi-Con
- Microchip
Highlights of The Electrical Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Components
- Passive Components
- By Application:
- Consumer Electronics
- Networking & Telecommunication
- Automotive
- Manufacturing
- Aerospace & Defense
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical components are the individual parts of an electrical system. They include switches, outlets, wires, and plugs.
Some of the major players in the electrical components market are Texas Instruments, Murata, ABB, STMicroelectronics, NXP Semiconductors, Kyocera, Omron, Amphenol, ON Semiconductor, Infineon Technologies, Samsung Electro-Mechanics, TDK Corporation, Analog Devices, Inc., Molex, Vishay, Qorvo, Nippon Mektron, Vectron, Yageo, Skyworks, Taiyo Yuden Co., Ltd., Eaton Corp., TE Connectivity Ltd., Littelfuse, Panasonic Corporation, KEMET, Nippon Chemi-Con, Microchip.
The electrical components market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Components Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Components Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Components Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Components Market Size & Forecast, 2018-2028
4.5.1 Electrical Components Market Size and Y-o-Y Growth
4.5.2 Electrical Components Market Absolute $ Opportunity
Chapter 5 Global Electrical Components Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrical Components Market Size Forecast by Type
5.2.1 Active Components
5.2.2 Passive Components
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Components Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrical Components Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Networking & Telecommunication
6.2.3 Automotive
6.2.4 Manufacturing
6.2.5 Aerospace & Defense
6.2.6 Healthcare
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrical Components Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Components Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrical Components Market Size Forecast by Type
9.6.1 Active Components
9.6.2 Passive Components
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrical Components Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Networking & Telecommunication
9.10.3 Automotive
9.10.4 Manufacturing
9.10.5 Aerospace & Defense
9.10.6 Healthcare
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrical Components Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Components Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrical Components Market Size Forecast by Type
10.6.1 Active Components
10.6.2 Passive Components
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrical Components Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Networking & Telecommunication
10.10.3 Automotive
10.10.4 Manufacturing
10.10.5 Aerospace & Defense
10.10.6 Healthcare
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrical Components Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Components Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrical Components Market Size Forecast by Type
11.6.1 Active Components
11.6.2 Passive Components
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrical Components Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Networking & Telecommunication
11.10.3 Automotive
11.10.4 Manufacturing
11.10.5 Aerospace & Defense
11.10.6 Healthcare
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrical Components Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Components Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrical Components Market Size Forecast by Type
12.6.1 Active Components
12.6.2 Passive Components
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrical Components Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Networking & Telecommunication
12.10.3 Automotive
12.10.4 Manufacturing
12.10.5 Aerospace & Defense
12.10.6 Healthcare
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrical Components Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Components Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrical Components Market Size Forecast by Type
13.6.1 Active Components
13.6.2 Passive Components
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrical Components Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Networking & Telecommunication
13.10.3 Automotive
13.10.4 Manufacturing
13.10.5 Aerospace & Defense
13.10.6 Healthcare
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Components Market: Competitive Dashboard
14.2 Global Electrical Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 Murata
14.3.3 ABB
14.3.4 STMicroelectronics
14.3.5 NXP Semiconductors
14.3.6 Kyocera
14.3.7 Omron
14.3.8 Amphenol
14.3.9 ON Semiconductor
14.3.10 Infineon Technologies
14.3.11 Samsung Electro-Mechanics
14.3.12 TDK Corporation
14.3.13 Analog Devices, Inc.
14.3.14 Molex
14.3.15 Vishay
14.3.16 Qorvo
14.3.17 Nippon Mektron
14.3.18 Vectron
14.3.19 Yageo
14.3.20 Skyworks
14.3.21 Taiyo Yuden Co., Ltd.
14.3.22 Eaton Corp.
14.3.23 TE Connectivity Ltd.
14.3.24 Littelfuse
14.3.25 Panasonic Corporation
14.3.26 KEMET
14.3.27 Nippon Chemi-Con
14.3.28 Microchip
