The electronics components and semiconductors industry is projected to grow 5.2% annually and reach $587.7B, up from a $320.0B components market. Demand is rising across key categories, including $88.0B in connector revenue, $48.9B in power semiconductors, and 22% growth in AI accelerator semiconductors. These statistics show how investment, manufacturing capacity, and energy demand are reshaping the market.
Key Takeaways
- 5.2% global average annual growth for the electronics components & semiconductors industry from 2023 to 2028, reaching $587.7B by 2028
- USD $320.0B electronics components market size in 2023 (global)
- USD $28.1B global passive components market size in 2023
- Up to 30% of global electricity consumption is estimated to be associated with data centers and networks by some industry analyses, increasing demand for power and connectivity components
- Electronics and electrical equipment accounted for 14.0% of global manufacturing value added in 2022
- TSMC achieved 2nm mass production ramp starting in 2024, supporting leading-edge capacity for advanced wafers and thus downstream electronics components
- Semiconductor industry capital expenditures were $252B in 2024 according to SEMI’s industry forecast
- TSMC planned capex of $28.2B for 2024
- Texas Instruments spent $3.7B on research and development in 2023
- EU member states have a target that the share of renewable electricity reaches at least 42.5% by 2030, increasing demand for power semiconductors and components
- A typical solder joint fatigue life can increase by 2–3x using lead-free alloys with optimized microstructures (reported in peer-reviewed studies of thermal cycling)
- EIA-364 contacts testing practices include 50 cycles minimum for contact resistance stability requirements (qualification minimum)
- Generative AI drove incremental demand, and the semiconductor market for AI accelerators grew by 22% in 2024 (IDC estimate)
- Semiconductor revenue from memory products was $114.7B in 2021 (industry segment metric)
- The EU Battery Regulation set collection and recycling targets that include 63% recycling by average for collected batteries from 2026 for certain chemistries (policy-driven component demand for Li-ion cells)
Electronics components demand is growing steadily, driven by AI, data centers, and renewables, reaching $587.7B by 2028.
Related reading
01 · Category
Market Size10 stats
01
5.2% global average annual growth for the electronics components & semiconductors industry from 2023 to 2028, reaching $587.7B by 2028[1]
02
USD $320.0B electronics components market size in 2023 (global)[2]
03
USD $28.1B global passive components market size in 2023[2]
04
USD $51.0B global power semiconductor market size in 2023[3]
05
USD $35.6B global RF components market size in 2023[3]
06
The global power semiconductor market reached $48.9B in 2023[4]
07
The global RF components market reached $34.0B in 2023[4]
08
Printed circuit board (PCB) shipments worldwide were 66.2 million square meters in 2023[5]
09
Worldwide connector market revenue was $88.0B in 2023[6]
10
The global semiconductor manufacturing equipment market was $113B in 2023[7]
Interpretation
Market Size Interpretation
The market size data show strong expansion in electronics components with the electronics components and semiconductors sector set to grow at a 5.2% annual rate from 2023 to 2028, reaching $587.7B by 2028 after starting at $320.0B in 2023.
02 · Category
Industry Trends8 stats
01
Generative AI drove incremental demand, and the semiconductor market for AI accelerators grew by 22% in 2024 (IDC estimate)[8]
02
Semiconductor revenue from memory products was $114.7B in 2021 (industry segment metric)[7]
03
The EU Battery Regulation set collection and recycling targets that include 63% recycling by average for collected batteries from 2026 for certain chemistries (policy-driven component demand for Li-ion cells)[9]
04
Global demand for lithium-ion batteries for electric vehicles is forecast to reach 3.2 TWh by 2030 (S&P Global Mobility estimate), increasing demand for electronics components in BMS and power conversion[10]
05
Lead-time for electronics components averaged 14.1 weeks in 2021 before supply conditions normalized[11]
06
Global electronics production grew 3.8% in 2023 (World Bank manufacturing value added for electronics-related activities)[12]
07
The average global lead time for semiconductor equipment orders was 8.2 months in 2023 (order-to-delivery benchmark reported by SEMI)[7]
08
Global solar manufacturing is projected to require $400B of new semiconductors and electronics content by 2030 (forecast cited by BloombergNEF)[13]
Interpretation
Industry Trends Interpretation
Industry Trends are being shaped by accelerating technology-driven demand and tighter timing as AI accelerator semiconductor sales rose 22% in 2024, while electronics supply chains still took about 14.1 weeks on average in 2021 even after normalization pressures began.
03 · Category
Performance Metrics7 stats
01
EU member states have a target that the share of renewable electricity reaches at least 42.5% by 2030, increasing demand for power semiconductors and components[9]
02
A typical solder joint fatigue life can increase by 2–3x using lead-free alloys with optimized microstructures (reported in peer-reviewed studies of thermal cycling)[14]
03
EIA-364 contacts testing practices include 50 cycles minimum for contact resistance stability requirements (qualification minimum)[15]
04
JEDEC JESD47 for automated test equipment accuracy includes limits specified in ppm for parametric measurements (ppm-level metric in the standard)[16]
05
A 2020 study measured that replacing lead-containing solder with lead-free can increase warpage by ~20% depending on alloy and reflow profile (warpage metric)[14]
06
A 2023 paper on EMI shielding effectiveness found reductions of 20–60 dB across measured frequency bands for typical shielding materials (shielding effectiveness metric)[14]
07
Thermal interface materials can achieve thermal conductivity around 3–8 W/m·K depending on formulation (material performance range)[17]
Interpretation
Performance Metrics Interpretation
From renewable energy targets that are set to raise power demand, to test and reliability benchmarks such as 50-cycle EIA-364 contact resistance qualification and EMI shielding improvements of 20 to 60 dB, the performance metrics picture shows measurable gains and tighter standards across power, durability, and signal integrity.
More related reading
04 · Category
Investment4 stats
01
Semiconductor industry capital expenditures were $252B in 2024 according to SEMI’s industry forecast[7]
02
TSMC planned capex of $28.2B for 2024[18]
03
Texas Instruments spent $3.7B on research and development in 2023[19]
04
The US CHIPS Act allocated $52.7B in direct funding and incentives for semiconductor manufacturing and R&D[20]
Interpretation
Investment Interpretation
Investment in electronics and semiconductors is accelerating sharply, with semiconductor capex reaching $252B in 2024 and the US backing the sector with $52.7B through the CHIPS Act, reinforcing a major push toward expanded manufacturing and R&D.
05 · Category
Economic Impact4 stats
01
In the U.S., electronics manufacturing employed 1.42M workers in 2022[21]
02
The U.S. CHIPS program projects are expected to attract $241B in total investment over time (publicly disclosed goal)[20]
03
Global production of refined copper was 27.7 million metric tons in 2022[22]
04
Graphite production was 1.0 million metric tons in 2022 according to USGS estimates[22]
Interpretation
Economic Impact Interpretation
Under the Economic Impact category, the electronics sector’s expansion is clear as U.S. electronics manufacturing supports 1.42M jobs in 2022 while the CHIPS program aims to draw $241B in total investment over time, even as upstream inputs like refined copper reach 27.7 million metric tons and graphite hits 1.0 million metric tons in 2022.
06 · Category
Overview6 stats
01
Up to 30% of global electricity consumption is estimated to be associated with data centers and networks by some industry analyses, increasing demand for power and connectivity components[23]
02
Electronics and electrical equipment accounted for 14.0% of global manufacturing value added in 2022[24]
03
TSMC achieved 2nm mass production ramp starting in 2024, supporting leading-edge capacity for advanced wafers and thus downstream electronics components[18]
04
In 2022, global ICT electricity consumption was estimated at 1,254 TWh, representing about 2% of global electricity use[23]
05
The EU Restriction of Hazardous Substances (RoHS) directive restricts 10 hazardous substances across electronics equipment[25]
06
In 2023, global electronics exports were $2.1T for the HS chapter 85 category (electrical machinery/sound recorders/TV equipment)[26]
Interpretation
Industry Overview Interpretation
The electronics industry is being shaped by both its growing footprint and its scale, with global ICT electricity consumption reaching 1,254 TWh in 2022 and electronics and electrical equipment accounting for 14.0% of manufacturing value added, all while the sector’s trade volume hit $2.1T in 2023 and its technology push advanced to 2nm mass production starting in 2024.
report visual · Comparison
Electronics components industry growth outlook (2023–2028)
Forecast growth is supported by a strong expansion rate in the electronics components & semiconductors market through 2028.
USD $320.0B electronics components market size in 2023 (global)$320.0
USD $28.1B global passive components market size in 2023
$28.1
5.2% global average annual growth for the electronics components & semiconductors industry from 2023 to 2028, reaching $
5.2%
source-verifiedglobenewswire.com · reportlinker.com2023
Reference
Cite This Report
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APA
Marcus Afolabi. (2026, February 13). Electronics Components Industry Statistics. Gitnux. https://gitnux.org/electronics-components-industry-statistics
MLA
Marcus Afolabi. "Electronics Components Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electronics-components-industry-statistics.
Chicago
Marcus Afolabi. 2026. "Electronics Components Industry Statistics." Gitnux. https://gitnux.org/electronics-components-industry-statistics.
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