Electrical and electronics components market seen topping $121B by 2030

By AI, Created 1:40 PM UTC, May 25, 2026, /AGP/ – The Business Research Company projects the global electrical and electronics components market will grow 11% annually through 2030, reaching more than $121 billion. Asia-Pacific is expected to lead the market, while active components remain the biggest segment as demand rises from consumer electronics, EVs and industrial automation.

Why it matters: - The market is expected to expand to more than $121 billion by 2030. - The forecast points to sustained demand for components used in consumer electronics, electric vehicles, automation and connected systems. - The report also places the market inside a much larger electronics supply chain, with the category expected to represent about 7% of the semiconductor and other electronic component parent market and nearly 2% of the broader electrical and electronics industry by 2030.

What happened: - The Business Research Company released a report on the electrical and electronics components market on May 25, 2026. - The report projects an 11% compound annual growth rate through 2030. - Asia-Pacific is projected to be the largest region in 2030, with market value of $54 billion. - China is projected to be the largest country market in 2030, valued at $26 billion. - The active segment is projected to be the largest type category in 2030, accounting for 50% of the market, or $61 billion. - The market is segmented by type into passive, active and electro mechanics. - The market is segmented by end user into consumer electronics, networking and telecommunication, automotive, manufacturing, aerospace and defense, healthcare and other end users. - The market is segmented by application into power management, signal processing, data transmission and communication, control and automation and other applications. - Request a free sample of the report - Access the detailed report

The details: - Asia-Pacific is forecast to grow from $32 billion in 2025 to $54 billion in 2030, for a 11% CAGR. - The report links that growth to electronics manufacturing hubs, expanding semiconductor fabrication capacity, industrial automation investment, government support and wider use of advanced components in China, Japan, South Korea, Taiwan and India. - China is forecast to grow from $16 billion in 2025 to $26 billion in 2030, for a 10% CAGR. - The report ties China’s growth to domestic demand for consumer electronics and electric vehicles, expansion of PCB manufacturing and component assembly, smart manufacturing investment, export-oriented supply chains and localized innovation. - The active segment is projected to be supported by demand for semiconductors and integrated circuits, consumer electronics, electric vehicles, industrial automation, IoT infrastructure, high-performance computing, telecommunications and data center networks. - Collectively, the active, passive and electro mechanics segments are projected to add more than $48.7 billion in market value by 2030. - The active market is projected to grow by $17 billion from 2025 to 2030. - The passive market is projected to grow by $24 billion over the same period. - The electro mechanics market is projected to grow by $7 billion over the same period.

Between the lines: - The report suggests the strongest growth is coming from the parts of the market tied to electrification and digital infrastructure rather than legacy component demand. - Asia-Pacific’s lead reflects where manufacturing capacity, policy support and end-market demand are converging fastest. - The focus on active components shows how higher-value electronics are taking a larger share of the market mix. - The named growth drivers also point to a supply chain that is becoming more dependent on precision parts, sensors and integrated systems.

What’s next: - The report expects demand to keep building as consumer electronics get more advanced, vehicles become more electrified and factories add more automation. - The largest opportunity set through 2030 is expected to remain concentrated in active, passive and electro mechanics components. - Further market gains are likely to track investment in IoT, telecommunications, data centers and smart manufacturing.

The bottom line: - The electrical and electronics components market is on track for steady double-digit growth through 2030, with Asia-Pacific, China and active components setting the pace.