Japan Electronic Components Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 6.4% from 2023 to 2033
• The Japan Electronic Components Market Size is Expected to Hold a Significant Share by 2033

The Japan Electronic Components Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 6.4% from 2023 to 2033.

Market Overview

The market of Electronic Products & Components involves the production of computer, electronic, and optical products. This covers a variety of items like computer hardware, electronic parts, communication devices, electronic tools, and optical instruments. The manufacturing process incorporates advanced technologies and procedures to produce top-notch and groundbreaking products. The Electronic Products & Components market is crucial for advancing the digital age by supplying the technological infrastructure and tools necessary for modern communication, information processing, and data storage. Active electronic components are utilized in circuits to increase the strength of electrical input signals and produce power. These parts have the ability to function as AC circuits within electronic devices, boosting power and voltage. Every functioning part needs a power supply, typically obtained from a direct current circuit. The growth of this market is being driven by the high demand for active electronic components in various industries and the widespread use of connected devices. The growing use of smartphones, laptops, and wearable devices, alongside a rise in industrial automation, has led to a higher need for active electronic components.

Report Coverage

This research report categorizes the market for the Japan electronic components market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan electronic components market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan electronic components market.

Driving Factors

The rapid integration of the Internet of Things (IoT) in different industries is reshaping sectors by linking common devices like smart homes and factories and enhancing live data gathering. Advances like secure communication protocols and energy-efficient microcontrollers are creating expanding possibilities in the field of electronics production. Moreover, the increasing growth of the Internet of Things leads to more chances for these parts because of the rising need for sensors, wireless communication units, microcontrollers, and other components for facilitating connectivity, controlling devices, and collecting data. Several businesses are creating customized parts to fulfill the needs of IoT projects.

Restraining Factors

Maintaining a balance between cost-effectiveness and quality is an ongoing struggle in electronic components because price changes and market requirements influence the total cost of components. Furthermore, these parts may become obsolete as a result of technological progress, discontinuation by manufacturers, or shifts in market preferences.

Market Segmentation

The Japan electronic components market share is classified into type and industry.

• The active component segment is expected to hold the largest market share through the forecast period.   

The Japan electronic components market is segmented by type into active components, passive components, and electromechanical components. Among these, the active component segment is expected to hold the largest market share through the forecast period. Because active components are being used more in industries such as automotive, consumer electronics, telecommunication, industrial automation, and others, there is a growing demand for them. The active elements deliver electrical power to the circuit or offer power amplification in the circuit and transmit energy in some form, including integrated circuits, batteries, diodes, and others. Additionally, the increasing number of product unveilings is anticipated to drive market expansion.

• The automotive segment dominates the market with the largest market share over the predicted period.

The Japan electronic components market is segmented by industry into telecommunication, automotive, industrial machinery, consumer electronics, healthcare, and others. Among these, the automotive segment dominates the market with the largest market share over the predicted period. The increase is credited to the implementation of driver assistance technologies. The increasing dependence of vehicles on safety systems and other electronic components has been fueled by the incorporation of electronic parts in the production of electric vehicles. Utilizing these components is a widely used method to enhance the effectiveness and productivity of powertrain systems. These components facilitate communication among the powertrain systems, enabling advancements in autonomous driving and technology like high-performance computers and light detection and ranging sensors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan electronic components market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• TDK Corporation
• KYOCERA AVX Components Corporation.
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• Amphenol Corporation
• Littelfuse, Inc.
• TE Connectivity.
• Vishay Intertechnology, Inc.
• Analog Devices Inc.
• SAMSUNG ELECTRO-MECHANICS
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, TDK Corporation introduced the new KLZ2012-A series of inductors. These multilayer inductors are designed for automotive audio bus applications, offering superior inductance tolerance and high durability. The latest KLZ2012-A series is designed to operate in high-temperature automotive environments, with a capability up to 150 °C being essential for its use.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Electronic Components Market based on the below-mentioned segments:

Japan Electronic Components Market, By Type

• Active Component
• Passive Component
• Electromechanical Component

Japan Electronic Components Market, By Industry

• Telecommunication
• Automotive
• Industrial Machinery
• Consumer Electronics
• Healthcare
• Others