Electronic Component Services Market by Service Type, Component Type, End-Use Industry, Distribution Channel

Description

List of Tables

The Electronic Component Services Market was valued at USD 850.37 billion in 2023, expected to reach USD 908.62 billion in 2024, and is projected to grow at a CAGR of 6.92%, to USD 1,358.50 billion by 2030.

As a Market Research Analyst at 360iResearch focusing on Electronic Component Services, it's crucial to understand the extensive scope and definition of this industry. This field encompasses services required for the manufacturing, maintenance, and optimization of electronic components, including semiconductors, capacitors, resistors, and integrated circuits. These components are vital across various applications, such as consumer electronics, automotive, telecommunications, and healthcare devices, which underscores their necessity. The end-use scope spans OEMs (Original Equipment Manufacturers), ODMs (Original Design Manufacturers), and EMS (Electronic Manufacturing Services) providers, making it central to the supply chain and technology development. Key growth influencers include the rising demand for advanced electronics in IoT, AI, and 5G technologies, alongside the global shift towards renewable energy systems requiring sophisticated electronic components. The proliferation of electric vehicles also creates potential opportunities for expansion. However, the market faces challenges such as supply chain disruptions, intense competition, and the need for continuous innovation to meet the rapid technological advancements. Furthermore, geopolitical tensions and tariffs can impede market growth by affecting global trade routes and pricing strategies. To capitalize on emerging opportunities, businesses should focus on innovation areas like developing miniaturized components, enhancing durability and efficiency, and integrating smart technologies into manufacturing processes. Emphasizing research in material science to create sustainable components could also serve as a competitive advantage. To remain competitive, companies should invest in automation and digital transformation strategies, ensuring agile and resilient production networks. Despite its challenges, the electronic component services market is dynamic, characterized by rapid technological advancements and shifting consumer preferences, requiring agility and foresight in business operations to thrive. By strategically prioritizing these areas, businesses can harness growth opportunities and sustain their market competitiveness amidst evolving industry landscapes.

KEY MARKET STATISTICS
Base Year [2023]	USD 850.37 billion
Estimated Year [2024]	USD 908.62 billion
Forecast Year [2030]	USD 1,358.50 billion
CAGR (%)	6.92%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electronic Component Services Market

The Electronic Component Services Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing demand for consumer electronics products
- Incorporation of electronic components in automobiles
Market Restraints
- Quality and counterfeit concerns with the electronic component services
Market Opportunities
- Continuous improvements in the offering of electronic component services
- Rise of industrial automation with Industry 4.0 initiatives
Market Challenges
- Concerns over the increasing complexity of electronic components

Porter's Five Forces: A Strategic Tool for Navigating the Electronic Component Services Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electronic Component Services Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electronic Component Services Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electronic Component Services Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electronic Component Services Market

A detailed market share analysis in the Electronic Component Services Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electronic Component Services Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electronic Component Services Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electronic Component Services Market

A strategic analysis of the Electronic Component Services Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electronic Component Services Market, highlighting leading vendors and their innovative profiles. These include ACDC Dynamics, Alfa Laval AB, Altron Limited, Ashdan Electronics, ASIC Design Services, Avnet, Inc., CZ Electronics, Electek, Electrocomp (Pty) Ltd., Emerson Electric Co., Firmlogik (Pty) Ltd., Flex Ltd., ICORP Technologies, Intel Corporation, Intertek Group PLC, iSERT (Pty) Ltd., Jabil Inc., Janca Electronics CC, Jemstech (Pty) Ltd., Liebherr Group, Mantech Electronics (Pty) Ltd., Microtronix Manufacturing, Omnigo (Pty) Ltd. by Reutech Pty (Ltd)., Phoenix Contact Group, Production Logix (Pty) Ltd., Projects Concern (Pty) Ltd, Robert Bosch GmbH, RS Group PLC, Samsung Electronics Co., Ltd., Sanmina Corporation, Siemens AG, Sony Group Corporation, Thales Group, and ZYTEQ Technologies (Pty) Ltd..

Market Segmentation & Coverage

This research report categorizes the Electronic Component Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Service Type, market is studied across Design & Engineering Services, Integration & Assembly Services, Manufacturing Services, Repair & Refurbishment Services, Testing & Certification Services, and Value-added Engineering Capabilities.
Based on Component Type, market is studied across Active Components, Connectors & Interconnect Solutions, Passive Components, and Power Supplies. The Active Components is further studied across Batteries, Diodes, Display Devices, Integrated Circuits, and Optoelectronics. The Passive Components is further studied across Capacitor, Inductor, and Resistor.
Based on End-Use Industry, market is studied across Aerospace & Defense, Automotive, Consumer Electronics, Energy & Utilities, Healthcare, and Telecommunications.
Based on Distribution Channel, market is studied across Original Equipment Manufacturer and Third-Party.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-C05DB3A0EDB9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for consumer electronics products
  - 5.1.1.2. Incorporation of electronic components in automobiles
- 5.1.2. Restraints
  - 5.1.2.1. Quality and counterfeit concerns with the electronic component services
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous improvements in the offering of electronic component services
  - 5.1.3.2. Rise of industrial automation with Industry 4.0 initiatives
- 5.1.4. Challenges
  - 5.1.4.1. Concerns over the increasing complexity of electronic components
5.2. Market Segmentation Analysis
- 5.2.1. Service Type: Presence of comprehensive services from design to delivery to navigate the lifecycle of electronic components
- 5.2.2. End-Use Industry: The critical role of electronic components across the healthcare sector for reliability
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electronic Component Services Market, by Service Type

6.1. Introduction
6.2. Design & Engineering Services
6.3. Integration & Assembly Services
6.4. Manufacturing Services
6.5. Repair & Refurbishment Services
6.6. Testing & Certification Services
6.7. Value-added Engineering Capabilities

7. Electronic Component Services Market, by Component Type

7.1. Introduction
7.2. Active Components
- 7.2.1. Batteries
- 7.2.2. Diodes
- 7.2.3. Display Devices
- 7.2.4. Integrated Circuits
- 7.2.5. Optoelectronics
7.3. Connectors & Interconnect Solutions
7.4. Passive Components
- 7.4.1. Capacitor
- 7.4.2. Inductor
- 7.4.3. Resistor
7.5. Power Supplies

8. Electronic Component Services Market, by End-Use Industry

8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive
8.4. Consumer Electronics
8.5. Energy & Utilities
8.6. Healthcare
8.7. Telecommunications

9. Electronic Component Services Market, by Distribution Channel

9.1. Introduction
9.2. Original Equipment Manufacturer
9.3. Third-Party

10. Americas Electronic Component Services Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Electronic Component Services Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Electronic Component Services Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Bureau Veritas Bolsters Electrical and Electronics Certification Services in Asia
- 13.3.2. Strategic Merger by eXponential Elevates Global Reach and Capabilities in the Electronics Sector
- 13.3.3. Prosemi Pte Ltd Achieves Prestigious Global Accreditation for Electronic Components Testing
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ACDC Dynamics
2. Alfa Laval AB
3. Altron Limited
4. Ashdan Electronics
5. ASIC Design Services
6. Avnet, Inc.
7. CZ Electronics
8. Electek
9. Electrocomp (Pty) Ltd.
10. Emerson Electric Co.
11. Firmlogik (Pty) Ltd.
12. Flex Ltd.
13. ICORP Technologies
14. Intel Corporation
15. Intertek Group PLC
16. iSERT (Pty) Ltd.
17. Jabil Inc.
18. Janca Electronics CC
19. Jemstech (Pty) Ltd.
20. Liebherr Group
21. Mantech Electronics (Pty) Ltd.
22. Microtronix Manufacturing
23. Omnigo (Pty) Ltd. by Reutech Pty (Ltd).
24. Phoenix Contact Group
25. Production Logix (Pty) Ltd.
26. Projects Concern (Pty) Ltd
27. Robert Bosch GmbH
28. RS Group PLC
29. Samsung Electronics Co., Ltd.
30. Sanmina Corporation
31. Siemens AG
32. Sony Group Corporation
33. Thales Group
34. ZYTEQ Technologies (Pty) Ltd.