Growing Demand For Connected Devices And IOT Solutions Is Driving The US, EUROPE, APAC Electronic Components Market, Are Expected To Drive Market Expansion In The Near Future At A CAGR Of 5.0% During The Forecast Period 2025 To 2035

Market Research Future (MRFR) has published a cooked research report on the “ US, EUROPE, APAC Electronic Components Market” that contains information from 2019 to 2035.

The  US, EUROPE, APAC ELECTRONIC COMPONENTS Market is estimated to register a CAGR of 5.0% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the  US, EUROPE, APAC ELECTRONIC COMPONENTS Market— include Texas Instruments Incorporated, Broadcom Inc, Infineon Technologies Ag   , NXP Semiconductors  ,Renesas Electronics Corporation, STMICROELECTRONIC Nv ,Microchip Technology Inc. , Silicon Laboratories , Panasonic Industrial  , Nordic Semiconductor , Murata Manufacturing Co. Ltd  ,  Sagami Elec Co., Ltd, EREMU, Sa  ,  , Koa Corporation  , TDK Corporation , Vishay INTERTECHNOLOGY, Inc ,  Agile Magnetics, Inc. , Glen Magnetics , Samsung Electro-Mechanics , Nippon Chemi-Con Corporation.  ,  Broadcom Inc,  , Infineon Technologies Ag , STMICROELECTRONICS Nv  ,  Microchip Technology Inc, Microchip Technology Inc , Samsung Electro-Mechanics  , Samsung Electro-Mechanics ,  Nippon Chemi-Con Corporation., TDK Corporation  , Vishay INTERTECHNOLOGY, Inc  , Agile Magnetics, Inc.  , Murata Manufacturing Co. Ltd ,    among others.

Market Highlights

The  US, EUROPE, APAC Electronic Components Market is estimated to register a CAGR of 5.0% during the forecast period and is estimated to reach USD 384.23 Billion by 2035.

The increasing development and expansion of IoT (Internet of Things) devices is a major driver of growth in the electronic Components market. As IoT technology becomes more embedded in everyday life from smart homes and wearable devices to industrial automation and connected vehicles the demand for essential components like sensors, microcontrollers, connectivity chips (such as Wi-Fi, Bluetooth, and 5G modules), and power management ICs continues to surge. For example, in smart cities across Europe, companies like Philips have implemented IoT-based smart lighting systems that use embedded sensors and wireless modules to monitor and adjust street lighting in real time, improving energy efficiency and reducing operational costs. 

This type of application requires a range of Electronic Components to enable real-time data processing, connectivity, and automation. Similarly, in Asia-Pacific, the rapid rollout of 5G networks and government-led digital infrastructure projects are accelerating IoT adoption, thereby boosting demand for high-performance Electronic Components. In the United States, smart healthcare devices and industrial IoT solutions are expanding rapidly, further fuelling the need for advanced, miniaturized components that can support data-rich, low-latency applications. This  push for connected solutions directly translates into strong, sustained growth across the Electronic Components market.

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Segment Analysis

The  US, EUROPE, APAC Electronic Components Market has been segmented based on By  Category, By End-Use Vertical.

These segments include Active Electronic Components and Passive Electronic Components. The Active Electronic Components segment dominated the  market in 2024, while the Passive Electronic Components   is projected to be the fastest–growing segment during the forecast period.

Active components require an external source of power to operate in a circuit. An active component is an electronic component that supplies energy to a circuit. These components supply electrical energy to the circuit or provide power gain in the circuit. Active components, can amplify, can carry energy in one way or another, e.g. Integrated Circuit, battery, Diode etc. Active components make use of an external power source to add power to a system. They use one electrical signal to control another and are required for the circuit to be considered "electronic" Technically, we don’t define circuits without active components as "electronics".

These include Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Medical, Telecommunications, Utilities   Robotics and Others. The Consumer Electronics   segment dominated the  market in 2024, while the Robotics is projected to be the fastest–growing segment during the forecast period.

Passive electronic components absorb energy and do not require electrical power to operate. They are commonly used in various electronic devices, such as computers, home appliances, smartphones, and gaming consoles. It is projected that growing electronics miniaturization will propel market expansion. The market for electronic components is anticipated to experience growth over the course of the forecast period as a result of rising demand for advanced architecture in tablets, smartphones, and gaming devices as well as rising adoption of cutting-edge wafer-level packaging technologies in sensors and MEMS. In 2024, consumer electronics accounted for the largest market share. Smartphones, tablets, computers, printers, smart televisions, digital cameras, and camcorders are just a few examples of consumer electronics. A security lock, thermostat, fan controller, smart smoke detector, energy monitors, door and window sensors, and doorbell are a few examples of smart home appliances. These smart home appliances are widely used as intelligent security systems, and they are expected to experience rapid growth in the years to come. The market for electronic components is being driven by rising demand for highly efficient consumer electronics goods.

Regional Analysis

Based on Region, the  Electronic Components are segmented into US, Europe and Asia Pacific. The Asia-Pacific region accounted for the largest market share with market value of USD 122.01 Billion in 2024 and is anticipated to reach USD 195.96 Billion by 2035 witnessing growth at a CAGR of 4.4% from 2024 to 2035. The US region held the largest market share in the US, EUROPE, APAC Electronic Components Market in 2024.

The Asia-Pacific electronic components market is witnessing rapid growth due to fast-paced technological developments and rising demand across different industries. The key growth driver is the growth of consumer electronics, especially in China, Japan, South Korea, and Taiwan, which together account for close to 45% of the world's market share in immersive media technologies. This expansion is fueled by the presence of giant consumer electronics companies and the expansion of the growing middle class with rising disposable incomes. Contributing to the expansion as well is the expansion of the Internet of Things (IoT), where governments and private players are significantly investing in IoT infrastructure to raise connectivity and automation. For instance, Singapore's Infocomm Media Development Authority (IMDA) established plans to build up IoT strengths, as its potential to grow the economy and improve city life is huge. For instance, Telkom and Cisco have established a strategic alliance to develop IoT control centers and software-defined networks in ASEAN countries. The rise of Industry 4.0 and automation is boosting the demand for electronic components. Advanced manufacturing techniques, such as 3D printing and robotics, are increasingly being adopted. The use of electronic components in automation and defense sectors is also growing, driven by the need for more efficient and reliable systems.

There is a growing focus on sustainability and energy-efficient components. Innovations in materials and design are leading to the development of more eco-friendly electronic components. Companies are investing in green technologies and sustainable practices to meet regulatory requirements and consumer demand for environmentally friendly products. Overall, the Asia-Pacific region is set to lead the Electronic Components market, driven by innovation, expanding industrial applications, and strategic partnerships. key players in the market include Infineon Technologies AG, Advanced Micro Devices Inc, STMicroelectronics NV, and Texas Instruments Inc. The market is segmented into various products such as vacuum tubes, optoelectronics, integrated circuits (ICs), diodes, transistors, and display devices.

Key Findings of the Study

• The US, EUROPE, APAC ELECTRONIC COMPONENTS Market is expected to reach USD 384.23 Billion by 2035, at a CAGR of 5.0% during the forecast period.


• The US region accounted for the fastest growing in the


• Based on By End-Use, the Consumer Electronics segment was attributed to holding the largest market in 2024.


• Texas Instruments Incorporated, Broadcom Inc, Infineon Technologies Ag , NXP Semiconductors  ,Renesas Electronics Corporation, STMICROELECTRONIC Nv ,Microchip Technology Inc. , Silicon Laboratories , Panasonic Industrial  , Nordic Semiconductor , Murata Manufacturing Co. Ltd  ,  Sagami Elec Co., Ltd, EREMU, Sa  ,  Koa Corporation  , TDK Corporation , Vishay INTERTECHNOLOGY, Inc ,  Agile Magnetics, Inc. , Glen Magnetics , Samsung Electro-Mechanics , Nippon Chemi-Con Corporation.  ,  Broadcom Inc,  , Infineon Technologies Ag , STMICROELECTRONICS Nv  ,  Microchip Technology Inc, Microchip Technology Inc , Samsung Electro-Mechanics  , Samsung Electro-Mechanics ,  Nippon Chemi-Con Corporation., TDK Corporation  , Vishay INTERTECHNOLOGY, Inc  , Agile Magnetics, Inc.  , Murata Manufacturing Co. Ltd ,    among others are the key market players.