Poised to surpass $670 billion by 2030, the electronics components industry is a dynamic powerhouse, fueled by explosive growth in everything from AI chips and electric vehicles to a consumer tech boom centered in Asia.
Key Takeaways
- The global electronic components market was valued at USD 413.22 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030, reaching USD 671.81 billion by 2030.
- In 2023, the semiconductor segment accounted for over 35% of the total electronic components market revenue worldwide.
- The electronic components market in Asia-Pacific region dominated with a share of 48.7% in 2023 due to high manufacturing activities.
- China produced 65% of global semiconductors in 2023, totaling over 800 billion units.
- Taiwan's TSMC manufactured 54% of world's advanced logic chips (under 10nm) in 2023.
- Global wafer fabrication capacity grew by 11% to 18.5 million wafers per month in 2023.
- Taiwan Semiconductor's revenue from advanced nodes (>7nm) was 68% of total in 2023.
- Intel Corporation reported USD 54.2 billion revenue from Client Computing Group in 2023.
- Samsung Electronics' semiconductor division earned KRW 25.7 trillion in 2023.
- 5nm technology accounted for 32% of TSMC's wafer revenue in 2023.
- Global R&D spending in semiconductors reached USD 110 billion in 2023.
- Adoption of SiC power devices grew 45% YoY in EV applications in 2023.
- Asia-Pacific accounted for 52.3% of global electronic components market revenue in 2023.
- China's electronic components imports totaled USD 450 billion in 2023.
- US electronic components exports reached USD 120 billion in 2023.
Asia dominates a rapidly growing global electronic components market valued over $400 billion.
Key Players and Companies
- Taiwan Semiconductor's revenue from advanced nodes (>7nm) was 68% of total in 2023.
- Intel Corporation reported USD 54.2 billion revenue from Client Computing Group in 2023.
- Samsung Electronics' semiconductor division earned KRW 25.7 trillion in 2023.
- Qualcomm's handset chip revenue reached USD 22.5 billion in FY2023.
- Broadcom Inc. generated USD 35.8 billion total revenue in FY2023, 44% from semiconductors.
- SK Hynix's market share in high-bandwidth memory (HBM) was 50% in 2023.
- Micron Technology's DRAM revenue was USD 15.6 billion in FY2023.
- Texas Instruments reported USD 17.5 billion revenue in 2023, with 40% from analog chips.
- NVIDIA's data center GPU revenue surged to USD 47.5 billion in FY2024 (calendar 2023).
- AMD's revenue from data center segment was USD 6.5 billion in 2023.
- Murata Manufacturing's sales reached JPY 1.7 trillion in FY2023.
- TDK Corporation achieved EUR 16.1 billion revenue in FY2023.
- Yageo Corporation's net sales were TWD 285 billion in 2023.
- STMicroelectronics generated EUR 17.3 billion revenue in 2023.
- Infineon Technologies' revenue hit EUR 16.3 billion in FY2023.
- NXP Semiconductors reported USD 13.3 billion revenue in 2023.
- Analog Devices' revenue was USD 12.1 billion in FY2023.
- Renesas Electronics sales reached JPY 1.8 trillion in 2023.
- ON Semiconductor's revenue stood at USD 8.3 billion in 2023.
- Vishay Intertechnology generated USD 3.4 billion revenue in 2023.
- TSMC's net profit margin was 38.8% in 2023.
- Samsung's semiconductor operating profit was KRW 7.7 trillion in Q4 2023 alone.
- Qualcomm's IoT revenue grew 35% YoY to USD 5.7 billion in FY2023.
- Broadcom's AI revenue accelerated to USD 10.1 billion in FY2023.
- SK Hynix invested USD 8.5 billion in HBM production expansion in 2023.
- Micron's NAND revenue was USD 10.3 billion in FY2023.
- Texas Instruments' analog revenue share was 77% of total in 2023.
- NVIDIA's gross margin reached 73.0% in FY2024.
- AMD's client segment revenue declined 28% to USD 4.4 billion in 2023.
- Murata's passive components sales grew 10.2% to JPY 1.1 trillion in FY2023.
Key Players and Companies Interpretation
While NVIDIA's AI-powered rocket ship leaves the pad on a cushion of astonishing margins, it's the massive, often overlooked gravitational force of giants like TSMC, Intel, and Samsung—forging the silicon bedrock and infrastructure—that keeps the entire electronics universe in orbit, albeit with a few AMD-powered planets temporarily cooling off.
Market Size and Growth
- The global electronic components market was valued at USD 413.22 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030, reaching USD 671.81 billion by 2030.
- In 2023, the semiconductor segment accounted for over 35% of the total electronic components market revenue worldwide.
- The electronic components market in Asia-Pacific region dominated with a share of 48.7% in 2023 due to high manufacturing activities.
- Global demand for passive components like capacitors and resistors grew by 8.5% YoY in 2023, driven by consumer electronics boom.
- The market for integrated circuits (ICs) is projected to reach USD 1.2 trillion by 2032, growing at 6.8% CAGR from 2024.
- In 2024, the overall electronic components industry revenue is estimated at USD 450 billion globally.
- Automotive electronics components sub-market expanded by 12.3% in 2023, valued at USD 78 billion.
- The PCB market within electronics components reached USD 72.8 billion in 2023, with 5.4% CAGR forecast to 2030.
- Discrete semiconductors market size was USD 23.4 billion in 2023, expected to hit USD 32.1 billion by 2030 at 4.6% CAGR.
- Optoelectronics components market valued at USD 44.5 billion in 2023, projected CAGR of 8.7% through 2030.
- Sensors in electronic components market grew to USD 25.3 billion in 2023, with 11.2% CAGR anticipated.
- The global market for electronic components in consumer electronics was USD 152 billion in 2023.
- Industrial electronics components market size stood at USD 89.6 billion in 2023, growing at 7.9% CAGR.
- In 2023, the electronic components market for telecommunications reached USD 112.4 billion globally.
- Medical electronics components sub-segment valued at USD 45.7 billion in 2023, with 9.1% growth projected.
- Aerospace and defense electronics components market was USD 28.3 billion in 2023.
- The electronic components market is forecasted to grow by USD 250 billion cumulatively from 2024-2028.
- In Q4 2023, global electronic components sales reached USD 115.6 billion.
- Passive electronic components market size was USD 58.2 billion in 2023, CAGR 6.5% to 2030.
- Active electronic components segment held 62% market share in 2023 globally.
- Global electronic components market revenue grew 5.8% YoY in 2023 to exceed USD 410 billion.
- The market for power electronic components reached USD 52.1 billion in 2023.
- Electromechanical components market valued at USD 78.9 billion in 2023, 6.2% CAGR forecast.
- In 2023, the electronic components industry saw a 4.2% increase in average selling prices.
- Global electronic components import value hit USD 1.2 trillion in 2023.
- The market growth rate for electronic components in EVs was 15.7% in 2023.
- IoT-related electronic components market size was USD 210 billion in 2023.
- 5G infrastructure drove 22% growth in RF components market in 2023.
- The electronic components market CAGR is expected at 6.9% from 2023-2030 globally.
- In 2023, North American electronic components market was valued at USD 85.4 billion.
Market Size and Growth Interpretation
Despite the humble resistor's insistence on keeping a low profile, the relentless, trillion-dollar march of silicon and solder shows our world is now quite literally built on a foundation of increasingly expensive, interconnected, and indispensable electronic bits.
Production and Manufacturing
- China produced 65% of global semiconductors in 2023, totaling over 800 billion units.
- Taiwan's TSMC manufactured 54% of world's advanced logic chips (under 10nm) in 2023.
- Global wafer fabrication capacity grew by 11% to 18.5 million wafers per month in 2023.
- Samsung Electronics produced 15.2% of global DRAM in 2023, leading the market.
- SK Hynix output reached 22.4% share in NAND flash production in Q4 2023.
- In 2023, global PCB production volume was 2.8 billion square meters.
- India increased its electronic components manufacturing capacity by 25% in 2023 to support USD 20 billion production.
- Vietnam's electronic components exports rose 18.6% YoY to USD 96.9 billion in 2023.
- Global capacitor production exceeded 2.5 trillion units in 2023.
- Japan held 28% of global optoelectronic components production in 2023.
- US semiconductor fabrication plants (fabs) numbered 91 in 2023, with capacity utilization at 85%.
- Europe produced 9% of global semiconductors in 2023, focusing on legacy nodes.
- Global monthly silicon wafer shipments reached 14.2 million 300mm-equivalent wafers in 2023.
- Murata Manufacturing produced 1.2 billion multilayer ceramic capacitors (MLCCs) monthly in 2023.
- Samsung's foundry output grew 10% YoY to 5.5 million wafers in 2023.
- Global LED chip production capacity was 8.5 million pieces per month in 2023.
- China's share of global resistor production was 42% in 2023, over 1 trillion units.
- Intel's US fabs produced 18% of its total output in 2023, up from 14% in 2022.
- Global sensor production volume hit 1.1 trillion units in 2023.
- TDK Corporation's inductor production reached 800 million units annually in 2023.
- South Korea's semiconductor production value was KRW 150 trillion in 2023.
- Global assembly, test, and packaging (ATP) capacity increased 7% to 120 million units/day in 2023.
- Yageo produced 450 billion passive components in 2023.
- Malaysia's electronic components manufacturing output grew 12.4% to MYR 180 billion in 2023.
- Global 300mm fab capacity share by region: Asia 89%, Americas 6%, Europe 5% in 2023.
- Qualcomm's RF front-end module production volume surged 25% in 2023.
- Broadcom shipped 2.5 billion units of connectivity components in FY2023.
- TSMC's 3nm process yield reached 60% in mass production by end-2023.
- Infineon's power semiconductor production capacity expanded 15% in 2023 to 1.2 million wafers/year.
- Samsung produced 1.4 billion smartphone AP units in 2023.
- Global monthly production of discrete diodes exceeded 50 billion units in 2023.
- NXP Semiconductors manufactured 1.8 billion automotive chips in 2023.
- Apple's A-series chip production totaled 250 million units in 2023 by TSMC.
- Global inductor production volume was 950 billion units in 2023.
Production and Manufacturing Interpretation
China produced enough semiconductors to give every star in the Milky Way a hundred processors, yet Taiwan’s TSMC still holds the keys to the kingdom of the cutting-edge, underscoring a global electronics ecosystem built on a breathtaking scale of dependency and specialization.
Regional Distribution and Trade
- Asia-Pacific accounted for 52.3% of global electronic components market revenue in 2023.
- China's electronic components imports totaled USD 450 billion in 2023.
- US electronic components exports reached USD 120 billion in 2023.
- Europe (EU27) held 22% share of global semiconductor production capacity in 2023.
- Taiwan exported USD 180 billion worth of electronic components in 2023.
- Japan's electronic components market size was JPY 15 trillion in 2023.
- South Korea imported 85% of its semiconductors from Taiwan and China in 2023.
- Mexico's electronic components manufacturing grew 16% to USD 55 billion in 2023.
- India's electronic components production value reached USD 20 billion in FY2023.
- Germany's semiconductor trade surplus was EUR 5.2 billion in 2023.
- Vietnam attracted USD 25 billion FDI in electronics manufacturing in 2023.
- Middle East electronic components market grew 9.8% to USD 12.4 billion in 2023.
- Brazil imported USD 18 billion in electronic components in 2023.
- ASEAN region's share in global electronics exports was 25% in 2023.
- Netherlands re-exported 40% of Europe's semiconductor imports in 2023.
- Malaysia's electrical and electronics exports hit USD 130 billion in 2023.
- Russia's electronic components imports dropped 35% due to sanctions in 2023.
- Canada's electronic components market was CAD 35 billion in 2023.
- Thailand produced 11% of global HDDs, exporting USD 8.5 billion in 2023.
- Australia's semiconductor imports totaled AUD 15 billion in 2023.
- Singapore handled 20% of global semiconductor trade volume in 2023.
- Poland's electronics components sector grew 14% to PLN 120 billion in 2023.
- Indonesia's electronic exports rose 20% to USD 25 billion in 2023.
- UK's electronic components trade deficit widened to GBP 10 billion in 2023.
- Philippines electronic components exports reached USD 45 billion in 2023.
- Czech Republic produced 4% of Europe's PCBs in 2023.
- UAE's free zones handled USD 30 billion in electronics re-exports in 2023.
Regional Distribution and Trade Interpretation
Asia-Pacific may dominate the global electronics map, but the fine print reveals a frenetic, interconnected dance of immense trade, strategic dependencies, and national ambitions where everyone is both a crucial supplier and a vulnerable customer.
Technological Trends and Innovations
- 5nm technology accounted for 32% of TSMC's wafer revenue in 2023.
- Global R&D spending in semiconductors reached USD 110 billion in 2023.
- Adoption of SiC power devices grew 45% YoY in EV applications in 2023.
- 3D NAND flash layers averaged 176 in 2023, up from 136 in 2022.
- GaN RF devices market penetration reached 15% in 5G base stations by 2023.
- AI chip shipments worldwide surged 45% to 1.2 million units in 2023.
- EUV lithography tools shipped 45 units in 2023, all to Asian fabs.
- High-bandwidth memory (HBM3) capacity ramped to 20% of DRAM market in 2023.
- Chiplet-based designs represented 25% of new SoC tape-outs in 2023.
- Organic substrate shipments for advanced packaging grew 18% to 1.5 billion units in 2023.
- Quantum dot display panels captured 12% of premium TV market in 2023.
- MEMS sensors shipments reached 25 billion units globally in 2023.
- 800V SiC power modules entered mass production for EVs in 2023.
- Photonics integrated circuits market grew 28% to USD 12 billion in 2023.
- Advanced driver-assistance systems (ADAS) chips used 40% more sensors per vehicle in 2023.
- Fan-out wafer-level packaging (FOWLP) capacity doubled to 500,000 wafers/month in 2023.
- LPDDR5X memory adoption in smartphones reached 35% in 2023.
- Edge AI processors shipments grew 60% to 450 million units in 2023.
- MicroLED displays entered pilot production with 0.1% market share in 2023.
- RRAM non-volatile memory shipments tripled to 50 million units in 2023.
- Automotive radar chips using 77GHz mmWave tech increased 30% in production in 2023.
- Glass substrates for IC packaging tested for 2nm nodes in 2023 pilots.
- CXL (Compute Express Link) interconnect adoption rose 200% in servers in 2023.
- SiPh (Silicon Photonics) transceivers shipped 5 million units for 400G+ in 2023.
- Hybrid bonding interconnect density reached 10 million bonds/mm² in 2023 prototypes.
- Neuromorphic chips for AI entered low-volume production with 100K units in 2023.
Technological Trends and Innovations Interpretation
From transistors that now carve valleys at the atomic scale to AI chips that are spreading like wildfire, the entire electronics industry is engaged in a breathtaking, multi-trillion-dollar race to make everything faster, smarter, and more connected, proving that the future is not just being imagined—it’s being fabbed, packaged, and shipped right now.
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