The electronic components industry is powering the global digital transformation at a breathtaking pace, as evidenced by a market that surged to over $640 billion in 2023 and is on a relentless trajectory to exceed $960 billion by 2032, driven by the insatiable demands of AI, 5G, and the connected world.
Key Takeaways
- The global electronic components market size was valued at USD 413.22 billion in 2022 and is projected to reach USD 718.78 billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030.
- In 2023, the electronic components industry generated revenues of approximately $598 billion worldwide.
- The Asia-Pacific region dominated the electronic components market with a 48.5% share in 2022, valued at over $200 billion.
- Global electronic components production capacity increased by 12% in 2023 to support $650 billion market.
- China produced 65% of the world's electronic components by volume in 2022, over 1.2 trillion units.
- Semiconductor wafer fabrication output reached 15.5 million 300mm equivalent wafers in 2023.
- Samsung Electronics held 12.5% market share in memory components with $75 billion revenue in 2023.
- TSMC commanded 54% of global foundry market share in 2023, revenues $69.3 billion.
- Intel's share in x86 CPU market was 62% in 2023, generating $18 billion from processors.
- SiC power devices adoption grew 35% in 2023, led by Wolfspeed with 25% share.
- 5G base stations deployed 4.5 million units globally by end-2023, using advanced RF components.
- GaN semiconductors market grew 45% in 2023 to $2.8 billion, for RF and power apps.
- U.S. exported $52.5 billion in electronic components in 2022, up 10% YoY.
- China imported $450 billion worth of electronic components in 2023, 60% from Asia.
- EU electronic components trade deficit was €25 billion in 2022.
The electronic components industry is booming, projected to exceed $800 billion soon.
Economic and Trade Data
- U.S. exported $52.5 billion in electronic components in 2022, up 10% YoY.
- China imported $450 billion worth of electronic components in 2023, 60% from Asia.
- EU electronic components trade deficit was €25 billion in 2022.
- Japan's electronic components exports reached ¥15 trillion ($100 billion) in FY2023.
- South Korea's semiconductor exports hit $128.9 billion in 2023, 20% of total exports.
- Global electronic components trade volume was $1.2 trillion in 2023.
- India's electronic components imports totaled $20 billion in FY2023, up 35%.
- Taiwan exported $180 billion in ICs and components in 2023.
- Mexico's electronic components exports grew 15% to $85 billion in 2023.
- Vietnam became 6th largest exporter with $115 billion in electronics/components in 2023.
- U.S. tariffs impacted $10 billion in Chinese electronic components imports in 2023.
- Germany's electronic components trade surplus was €8 billion in 2023.
- Singapore handled 40% of global electronic components re-exports, $300 billion in 2023.
- Brazil imported $12 billion in components, local production covers 20% of demand in 2023.
- Australia’s electronic components imports reached AUD 25 billion in 2023.
- Middle East electronic components market trade grew 12% to $15 billion in 2023.
Economic and Trade Data Interpretation
The global electronic components trade, valued at $1.2 trillion, reveals a fiercely competitive and deeply interconnected ecosystem where national strengths are starkly defined: the U.S. and Japan innovate, China voraciously consumes and assembles, Taiwan and South Korea supply the critical brains, while nations like Vietnam and Mexico rapidly ascend the value chain, all under the watchful and sometimes disruptive influence of geopolitics and tariffs.
Market Leaders and Shares
- Samsung Electronics held 12.5% market share in memory components with $75 billion revenue in 2023.
- TSMC commanded 54% of global foundry market share in 2023, revenues $69.3 billion.
- Intel's share in x86 CPU market was 62% in 2023, generating $18 billion from processors.
- Murata Manufacturing led passive components with 15% global share in 2023, sales $12.5 billion.
- TE Connectivity held 8% share in connectors market, revenue $16 billion in FY2023.
- Qualcomm captured 28% of mobile processor market share in 2023.
- SK Hynix had 24% DRAM market share in Q4 2023, shipping 20% more than prior year.
- Micron Technology's NAND flash share reached 21.5% in 2023, revenues $15.5 billion.
- Amphenol Corporation controlled 10% of interconnect products market in 2023.
- Broadcom's revenue from semiconductors was $28.1 billion in FY2023, 9% market share in wireless.
- TDK Corporation's passive components sales hit $13.2 billion in 2023, 12% global share.
- NXP Semiconductors led automotive chips with 13% share, $13.2 billion revenue in 2023.
- STMicroelectronics held 9% share in analog ICs market in 2023.
- Vishay Intertechnology generated $3.4 billion in discrete components, 7% share.
- Infineon Technologies captured 18% of power semiconductors market in 2023.
- Texas Instruments had 19% share in analog chips, revenue $17.5 billion in 2023.
- Apple designed 30% of smartphone processors market in 2023 via custom silicon.
- AVX Corporation (Kyocera) held 11% passive components share in 2023.
- Renesas Electronics 12% share in automotive MCUs, $10B revenue 2023.
- Analog Devices Inc. 15% analog market share, $12.3B revenue.
- ON Semiconductor 10% power management IC share in 2023.
- Samsung Display 45% OLED panel market share for smartphones in 2023.
- LG Energy Solution 28% EV battery cells share, impacting components.
- Maxim Integrated (ADI) strong in sensors, 14% share pre-merger data 2023.
- KEMET (Yageo) 9% ceramic cap share, $3B sales 2023.
- MediaTek 40% mid-range smartphone SoC share in 2023.
- AMD 25% data center CPU share in 2023.
- Nvidia 80% AI GPU accelerator share in 2023.
- Sony 50% CMOS image sensor share for mobiles 2023.
- Littelfuse 8% circuit protection devices share 2023.
Market Leaders and Shares Interpretation
Even with TSMC making over half the world's chips in its fiefdom and Samsung stacking cash like memory bricks, the real story of electronics is a sprawling, bickering nobility where a king of connectors, a duke of discretes, and a viscount of voltage regulators are all vying for a piece of the same circuit board.
Market Size and Forecasts
- The global electronic components market size was valued at USD 413.22 billion in 2022 and is projected to reach USD 718.78 billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030.
- In 2023, the electronic components industry generated revenues of approximately $598 billion worldwide.
- The Asia-Pacific region dominated the electronic components market with a 48.5% share in 2022, valued at over $200 billion.
- Global electronic components market is expected to grow from $626.61 billion in 2024 to $962.97 billion by 2032 at a CAGR of 5.56%.
- The semiconductor segment within electronic components held 42% of the market share in 2023, amounting to $251 billion.
- Electronic components market in North America was valued at $85.4 billion in 2022, with a projected CAGR of 5.9% through 2030.
- The overall electronic components industry saw a 7.2% year-over-year growth in 2023, reaching $640 billion globally.
- By 2028, the electronic components market is forecasted to exceed $800 billion, driven by 5G and IoT demand.
- Europe's electronic components sector was worth €120 billion in 2022, growing at 4.5% CAGR to 2027.
- The consumer electronics sub-segment accounted for 35% of the electronic components market in 2023, valued at $210 billion.
- Automotive electronic components market reached $280 billion in 2023, part of broader industry growth.
- Global passive components market (resistors, capacitors) was $40.5 billion in 2022, CAGR 5.2% to 2030.
- Printed circuit boards (PCBs) segment valued at $72.6 billion in 2023, expected to hit $110 billion by 2030.
- Optoelectronic components market size stood at $44.2 billion in 2022, projected CAGR 10.1% to 2030.
- Connectors and switches in electronic components generated $68 billion in 2023 globally.
- The electronic components market in China alone was $250 billion in 2022, over 40% of global total.
- Industrial electronics components sub-market reached $150 billion in 2023, CAGR 6.1% forecast.
- Medical device electronic components valued at $55 billion in 2022, growing at 7.8% CAGR.
- Aerospace and defense electronic components market at $28.4 billion in 2023.
- Wireless components segment within industry worth $95 billion in 2023, driven by 5G.
- The electronic components market size was valued at USD 413.22 billion in 2022.
- Asia Pacific electronic components market share was over 50% in 2023.
- Discrete semiconductors market to reach $55.98 billion by 2030 at CAGR 7.6%.
- Sensors market in components valued at $25 billion in 2023.
- Integrated circuits market size $496 billion in 2023.
- Global electronic components shipments declined 18% in 2023 to $520 billion.
- Latin America electronic components market at $30 billion in 2023, CAGR 6%.
- Middle East & Africa segment $18 billion in 2022.
- Telecommunications equipment components $120 billion in 2023.
- Wearables components market $45 billion in 2023.
Market Size and Forecasts Interpretation
So, despite the industry's occasional habit of shipping 18% less product while still somehow managing to grow 7.2% in revenue, it’s clear we are hurtling toward a trillion-dollar future where every gadget, car, and medical device on Earth will be held together by several hundred billion dollars’ worth of tiny, indispensable parts.
Production and Supply Chain
- Global electronic components production capacity increased by 12% in 2023 to support $650 billion market.
- China produced 65% of the world's electronic components by volume in 2022, over 1.2 trillion units.
- Semiconductor wafer fabrication output reached 15.5 million 300mm equivalent wafers in 2023.
- Global PCB production volume was 3.2 billion square meters in 2023.
- Capacitor production worldwide hit 2.1 trillion units in 2022, led by multilayer ceramic types.
- Resistor manufacturing output was 1.8 trillion pieces in 2023, with Asia accounting for 80%.
- Inductor production volumes grew 8% in 2023 to 950 billion units globally.
- Diode production reached 1.5 trillion units in 2023, primarily in Greater China.
- Transistor output for electronic components was 900 billion units in 2022.
- Supply chain disruptions affected 25% of electronic components production in 2022 due to chip shortages.
- Taiwan's foundry capacity for advanced nodes (7nm and below) was 15% of global total in 2023.
- Global inventory levels for electronic components dropped to 8.2 weeks in Q4 2023 from 12 weeks prior.
- Lead times for semiconductors averaged 22 weeks in 2023, down from 26 weeks in 2022.
- Rare earth materials used in components saw production of 240,000 tons in 2023 for electronics.
- Copper wire for electronic components production consumed 4.5 million tons globally in 2023.
- Silicon wafer supply increased 10% to 13,000 million square inches in 2023.
- Assembly, test, and packaging (ATP) capacity grew 7% in 2023 to handle 1.1 trillion chips.
- Flex PCB production volume was 1.2 billion units in 2023, up 15% YoY.
- Global semiconductor production capacity utilization was 82% in 2023.
- Over 1 trillion ICs produced worldwide in 2023.
- Multilayer ceramic capacitor production 1.9 trillion units in 2023.
- Global LED chip production capacity 18 million wafers equivalent in 2023.
- Rigid PCB production 2.8 billion sqm in 2023.
- Thyristor and SCR production 450 billion units in 2023.
- Global tantalum capacitor output 12 billion units in 2023.
- Power MOSFET production reached 85 billion units in 2023.
- Film capacitor shipments 150 billion units annually in 2023.
- Optical fiber preform production 1.2 million tons in 2023.
- Supercapacitor production capacity expanded 25% to 15 GWh in 2023.
- GaAs wafer production 2.5 million 6-inch equivalents in 2023.
- Electrolytic capacitor output 850 billion units in 2023.
- Chip resistor production 1.6 trillion pieces in 2023.
- Global aluminum electrolytic capacitor production down 5% to 110 billion in 2023.
Production and Supply Chain Interpretation
The world is frantically manufacturing trillions of components to feed a $650 billion appetite, yet the whole industry still feels like it's just eight weeks away from running out of everything.
Technological Innovations
- SiC power devices adoption grew 35% in 2023, led by Wolfspeed with 25% share.
- 5G base stations deployed 4.5 million units globally by end-2023, using advanced RF components.
- GaN semiconductors market grew 45% in 2023 to $2.8 billion, for RF and power apps.
- AI chip shipments reached 1.2 billion units in 2023, up 25% YoY.
- Flexible electronics market expanded to $35 billion in 2023, with 15% CAGR forecast.
- MEMS sensors production hit 11 billion units in 2023, down 5% due to inventory.
- 3D IC packaging adoption rose 40% in 2023, with TSMC leading advanced nodes.
- Quantum dot displays in components grew 28% to 150 million panels in 2023.
- SiPhotonics for data centers shipped 5 million transceivers in 2023, 50% growth.
- EV battery management ICs demand surged 60% to 200 million units in 2023.
- HBM memory stacks for AI grew 120% to 250,000 wafers in 2023.
- Organic electronics R&D investment hit $5 billion globally in 2023.
- Photonics integrated circuits market reached $15 billion in 2023, CAGR 22%.
- RRAM non-volatile memory samples exceeded 10 million units in 2023 trials.
- Supercapacitors for electronics grew 18% to 8 billion units produced in 2023.
- Edge AI chips market grew 70% to $1.5 billion in 2023.
- Chiplet-based designs in production increased to 20% of new SoCs in 2023.
- VCSEL lasers for 3D sensing shipped 4 billion units in 2023.
- Wide bandgap semiconductors (SiC+GaN) 15% of power market in 2023.
- Printed electronics volume 1.5 billion sqm in 2023 applications.
- LPDDR5X memory adoption 300 million smartphone units in 2023.
- Fan-out wafer-level packaging 25% growth to 5 million wafers 2023.
- E-Ink displays shipped 250 million units for wearables 2023.
- Terahertz components emerging with $500 million market in 2023.
- Neuromorphic chips in R&D produced 1 million prototype units 2023.
Technological Innovations Interpretation
It seems we're feverishly rewiring the world's technological spine, from powering cars and deploying 5G with gallium nitride and silicon carbide, to satiating AI's ravenous appetite for chips and memory, all while quietly laying the photonic bricks for our data highways and folding, printing, and even sketching the soft, intelligent future of electronics itself.
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2STATISTAstatista.comVisit source
- Reference 3MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 4FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 5MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 6PRECEDENCERESEARCHprecedenceresearch.comVisit source
- Reference 7IBISWORLDibisworld.comVisit source
- Reference 8BUSINESSRESEARCHINSIGHTSbusinessresearchinsights.comVisit source
- Reference 9EUROSTATeurostat.ec.europa.euVisit source
- Reference 10ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 11DELOITTEdeloitte.comVisit source
- Reference 12MCKINSEYmckinsey.comVisit source
- Reference 13SEMICONDUCTORINDUSTRYsemiconductorindustry.orgVisit source
- Reference 14PRISMARKprismark.comVisit source
- Reference 15PASSIVE-COMPONENTpassive-component.euVisit source
- Reference 16YOLEGROUPyolegroup.comVisit source
- Reference 17DIGITIMESdigitimes.comVisit source
- Reference 18ICINSIGHTSicinsights.comVisit source
- Reference 19BCGbcg.comVisit source
- Reference 20TRENDFORCEtrendforce.comVisit source
- Reference 21EIAeia.doe.govVisit source
- Reference 22USGSusgs.govVisit source
- Reference 23COPPERcopper.orgVisit source
- Reference 24SEMICOsemico.comVisit source
- Reference 25VLSI-RESEARCHvlsi-research.comVisit source
- Reference 26NPCCnpcc.orgVisit source
- Reference 27JONPEDDIEjonpeddie.comVisit source
- Reference 28INVESTORSinvestors.te.comVisit source
- Reference 29COUNTERPOINTRESEARCHcounterpointresearch.comVisit source
- Reference 30DRAMXdramx.comVisit source
- Reference 31INVESTORSinvestors.broadcom.comVisit source
- Reference 32TDKtdk.comVisit source
- Reference 33NXPnxp.comVisit source
- Reference 34IRir.vishay.comVisit source
- Reference 35INFINEONinfineon.comVisit source
- Reference 36TIti.comVisit source
- Reference 37ERICSSONericsson.comVisit source
- Reference 38IDTECHEXidtechex.comVisit source
- Reference 39SEMIANALYSISsemianalysis.comVisit source
- Reference 40OLED-INFOoled-info.comVisit source
- Reference 41LIGHTCOUNTINGlightcounting.comVisit source
- Reference 42RESEARCHNESTERresearchnester.comVisit source
- Reference 43TRADEtrade.govVisit source
- Reference 44ENGLISHenglish.customs.gov.cnVisit source
- Reference 45ECec.europa.euVisit source
- Reference 46JETROjetro.go.jpVisit source
- Reference 47KOREAJOONGANGDAILYkoreajoongangdaily.joins.comVisit source
- Reference 48WTOwto.orgVisit source
- Reference 49IBEFibef.orgVisit source
- Reference 50MOEAmoea.gov.twVisit source
- Reference 51ECONOMIAeconomia.gob.mxVisit source
- Reference 52VIETNAM-BRIEFINGvietnam-briefing.comVisit source
- Reference 53PIIEpiie.comVisit source
- Reference 54DESTATISdestatis.deVisit source
- Reference 55ENTERPRISESGenterprisesg.gov.sgVisit source
- Reference 56ABINEEabinee.org.brVisit source
- Reference 57ABSabs.gov.auVisit source
- Reference 58RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 59PAOCpaoc.comVisit source
- Reference 60LEDINSIDEledinside.comVisit source
- Reference 61DATAINSIGHTSMARKETdatainsightsmarket.comVisit source
- Reference 62PASSIVE-COMPONENTSpassive-components.euVisit source
- Reference 63CRRFcrrf.com.cnVisit source
- Reference 64COMPOUNDSSEMICONDUCTORcompoundssemiconductor.netVisit source
- Reference 65NIC-COMPONENTSnic-components.comVisit source
- Reference 66VISHAYvishay.comVisit source
- Reference 67JEC-EUROPEjec-europe.comVisit source
- Reference 68KYOCERA-AVXkyocera-avx.comVisit source
- Reference 69RENESASrenesas.comVisit source
- Reference 70INVESTORinvestor.analog.comVisit source
- Reference 71INVESTORinvestor.onsemi.comVisit source
- Reference 72SNERESEARCHsneresearch.comVisit source
- Reference 73MAXIMINTEGRATEDmaximintegrated.comVisit source
- Reference 74YAGEOyageo.comVisit source
- Reference 75MERCURYRESEARCHmercuryresearch.comVisit source
- Reference 76INVESTORinvestor.littelfuse.comVisit source
- Reference 77EDGECORTIXedgecortix.comVisit source
- Reference 78SYNOPSYSsynopsys.comVisit source
- Reference 79WOODMACwoodmac.comVisit source
- Reference 803DINCITES3dincites.comVisit source
- Reference 81EINKeink.comVisit source