General electronic components encompass the discrete and fundamental building blocks used in electronic devices and systems. These components are essential for controlling, processing and managing electrical signals and power. From tiny resistors and semiconductor components to complex electromechanical elements, they enable everything from home appliances and smartphones to industrial machinery and aerospace systems.
The general electronic components market consists of sales of general electronic components by entities (organizations, sole traders and partnerships) that are used by original equipment manufacturers (OEMs), system integrators, electronics hobbyists, repairers and aftermarket service providers. They are integral during design, prototyping, maintenance, repair and retrofitting across industries like aerospace, telecommunications, automotive and industrial automation.
The global general electronic components market was valued at $329,843.16 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 7.00%.
Growth In Aerospace Industry
The growth in aerospace industry drove the growth of the general electronic components market during the historic period. The aerospace industry is the sector engaged in research, design, development, manufacture, operation and maintenance of vehicles and systems that fly within and beyond Earth's atmosphere, including both aircraft and spacecraft. As aircraft, satellites and unmanned systems become increasingly reliant on sophisticated avionics, sensors and communication technologies, manufacturers have sought more innovative, reliable general electronic components to meet stringent performance and safety standards. For instance, in September 2023, according to the Airspace Industries Association (AIA), a US-based trade association, the aerospace and defense (A&D) industry generated $952 billion in combined sales in 2022, an increase of 6.7 % over 2021. Additionally, exports from the A&D sector rose by 4.4 % to a total of $104.8 billion. Therefore, the growth in the aerospace industry supported the general electronic components market growth.
Development of Smaller MLCCs Meets Demands for Compact, High-Reliability Electronics
Companies in the general electronic components market are focusing on the continuous push toward miniaturized electronic components are driving innovation in semiconductors, resistors and capacitors. Smaller, more efficient parts are critical for wearables, IoT devices and medical electronics. In March 2024, TDK Corporation developed a new MLCC (Multilayer Ceramic Capacitor) that is 40% smaller than its previous generation, enabling compact design in high-performance smartphones and medical implants. For instance, in April 2025, TDK Corporation, a Japan-based manufacturer of electronic components, launched a new 10 µF (microfarads), 100 V (volts) automotive-grade MLCC in a compact 3225 size the highest capacitance of its kind globally. Part of the CGA series, this AEC (Automotive Electronics Council)-Q200-qualified capacitor helps reduce component count and save space in automotive power circuits, especially for 48 V systems and advanced ECUs (Electronic Control Unit). Mass production began in April 2025.
The global general electronic components market is fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 8.80% of the total market in 2024.
General Electronic Components Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global general electronic components market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for general electronic components? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The general electronic components market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider general electronic components market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by end-use industry and by sales.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product type, by end-use industry and by sales in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for general electronic components providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product Type: Passive; Active; Electromechanical Components; Other Products
- 2) By End-Use Industry: Aerospace; Communication; Automotive; Other End-User Industries
- 3) By Sales: Aftermarket; Manufacturer / Distributor / Service Provider
- Companies Mentioned: Murata Manufacturing Co. Ltd.; STMicroelectronics NV; Infineon Technologies Inc.; TE Connectivity plc; TDK Corporation
- Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; general electronic components indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.