The electronic components market plays a crucial role in consumer electronics, where components such as microcontrollers, sensors, displays, and batteries are essential. These components enable the functionality of devices such as smartphones, tablets, and smart TVs by facilitating tasks such as signal processing, power management, and user interface control. Manufacturers in this market focus on innovation to meet demands for smaller, more efficient components that enhance device performance and reliability. This drive for miniaturization and efficiency shapes consumer electronics trends and influences advancements in connectivity and power consumption, meeting consumer’s expectations for portable, feature-rich devices.
Global Electronic Components Market is valued at USD 484,625.45 million in 2023 and is expected to reach USD 700,061.60 million by 2031 with a growing CAGR of 8.5% during the forecast period 2024 to 2031.
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Below are the Top Electronic Components Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Intel Corporation
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Intel is primarily known for its microprocessors and chipsets used in computers, servers, and data centers. The company's innovations in semiconductor technology drive advancements in computing power and energy efficiency, influencing trends in artificial intelligence, IoT, and 5G technologies.
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North America, South America, Middle East, Asia-Pacific, and Europe
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In September 2020, Intel Corporation has officially announced its first 11th Gen Tiger Lake processor for laptops, which will feature the company’s new integrated Xe graphics, Thunderbolt 4 support, Wi-Fi 6, and a big leap in performance and battery life previous Ice Lake chips. The company claims that the new 11th Gen lineup offers the “best processor for thin-&-light” laptops. This product launch has benefitted from the launch of U-series and Y-series class chips. Thereby this product launch enhances the company’s growth with the most powerful version of Iris Xe Integrated graphics.
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2.
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Qualcomm Technologies, Inc.
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Qualcomm is renowned for its dominance in mobile technologies, particularly in wireless communication solutions and semiconductor manufacturing. Its Snapdragon processors power a wide range of smartphones, tablets, and other connected devices, contributing significantly to the global electronic components market's growth, especially in mobile and IoT sectors.
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North America, South America, Middle East, Asia-Pacific, and Europe
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In May 2021, Qualcomm Technologies, Inc. had introduced the Qualcomm Snapdragon 7c Gen 2 compute platform, the second generation of the Company’s breakthrough entry-level platform for always-on, always-connected Windows PCs and Chromebooks with efficient performance and support for multi-day battery life. During the Qualcomm Snapdragon Compute: Scaling the Mobile Compute Ecosystem Virtual Announcement, the company shared that devices powered by Snapdragon 7c Gen 2 will upgrade entry-level device experiences with enhanced camera and audio capabilities, integrated LTE connectivity, AI acceleration, enterprise-grade security features, and the long-lasting battery life that users deserve. This product launch has caused a breakthrough in the gaming field, thereby increasing the demand for the product among gamers.
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3.
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Broadcom
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Broadcom specializes in semiconductor and infrastructure software solutions, focusing on products for data centers, networking, broadband, wireless, and industrial markets. The company's extensive portfolio includes processors, networking chips, and RF components, making it a key player in enabling connectivity and data transfer across various electronic devices globally.
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North America, South America, Middle East, Asia-Pacific, and Europe
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In January 2021, Broadcom announced that the BCM4389 chip enables the world’s first Wi-Fi 6E phone, the Samsung Galaxy S21 Ultra. The BCM4389 combines the benefits of the sixth generation of Wi-Fi with the pristine 6 GHz band to power the Galaxy S21 Ultra with Wi-Fi speeds over 2 Gbps. The chip also has a unique multi-radio Bluetooth 5 architecture that supports a premium audio experience with Samsung Galaxy Buds Pro, and Tri-Band Simultaneous (TBS) connectivity that improves Wi-Fi and Bluetooth performance and battery utilization. This product launch with the incorporation of sixth gen Wi-Fi has increased the demand of the product among customers thereby finding an increase in the global revenue of the company.
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4.
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NXP Semiconductors
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NXP is a prominent supplier of automotive semiconductors and general-purpose microcontrollers. The company's products are critical in enabling secure connections and processing capabilities in automotive, industrial, and IoT applications. NXP's focus on innovation in embedded solutions and secure connectivity positions it as a significant player in the electronic components market.
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North America, South America, Asia-Pacific, Europe, and Middle East
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In November 2020, NXP Semiconductors announced that they are collaborating with Amazon Web Services (AWS) to extend their opportunities for connected vehicles. With this collaboration, the company will deliver a secure, edge-to-cloud computing solution for its next-generation vehicles. This will help the company to accelerate its digital transformation initiative and expand its customer base.
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5.
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Advanced Micro Devices, Inc
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AMD is recognized for its high-performance computing solutions, including CPUs, GPUs, and APUs. The company competes with Intel in the PC and server processor markets and has made significant strides in gaming consoles and data center technologies. AMD's innovations drive competition and technological advancements in the electronic components market, particularly in computing and graphics processing sectors.
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North America, South America, Middle East, Asia-Pacific, and Europe
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In January 2021, Advanced Micro Devices, Inc. announced the full portfolio of AMD Ryzen 5000 Series Mobile Processors, bringing the highly efficient and compelling “Zen 3” core architecture to the laptop market. New AMD Ryzen 5000 Series Mobile Processors provide unprecedented performance and incredible battery life for gamers, creators, and professionals. These mobile processors have high performances and are highly efficient, thereby increasing the demand for the product among customers.
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Conclusion
The global electronic components market is propelled by industry leaders such as Intel Corporation, Qualcomm Technologies, Inc., Broadcom, NXP Semiconductors, and Advanced Micro Devices, Inc. Each company plays a pivotal role in shaping technological advancements across diverse sectors, from computing and telecommunications to automotive and industrial applications. Their innovations in microprocessors, wireless communication solutions, networking chips, and secure connectivity not only drive market growth but also influence consumer electronics trends worldwide. As competition intensifies, these companies continue to innovate, aiming to meet increasing demands for efficiency, connectivity, and performance in electronic devices, ensuring they remain at the forefront of the ever-evolving electronic components market.
