Bangladesh Electronic Components Market (2025-2031) | Analysis, Forecast, Industry, Share, Growth, Revenue, Companies, Trends, Value, Outlook & Size

Bangladesh Electronic Components Market Highlights

Report Name	Bangladesh Electronic Components market
Forecast period	2025-2031
Forecast size	USD 1.9 Billion –  USD 3.8 Billion
CAGR	7.8%
Growing Sector	Electronics

Topics Covered in the Bangladesh Electronic Components Market Report

The Bangladesh Electronic Components market report thoroughly covers the market by type and by application. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Electronic Components Market Size & Analysis

In 2025, the Bangladesh Electronic Components market is valued at approximately $ 1.9 billion, with a projected compound annual growth rate (CAGR) of 7.8% over the next five years. Additionally, by 2031, the market is expected to reach around $ 3.8 billion. The electronics sector holds significant position in the overall market.

Bangladesh Electronic Components Market Synopsis

The electronic components market in Bangladesh is experiencing steady growth, driven by increasing demand across key sectors such as consumer electronics, telecommunications, and automotive applications. As the country strengthens its infrastructure and digital economy, the demand for electronic components like semiconductors, printed circuit boards (PCBs), sensors, and connectivity modules is rising. Bangladesh’s growing focus on smart city initiatives, 5G technology, and electric vehicles further fuels the need for advanced electronic components. Additionally, with a rising middle class and expanding consumer base, local manufacturing and assembly of electronic components are becoming more attractive to both domestic and foreign investors, creating opportunities for the sector’s growth in the coming years.

According to 6Wresearch, Bangladesh Electronic Components market size is projected to grow at a CAGR of 7.8% during 2025-2031. The growth of the electronic components market in Bangladesh is driven by several key factors, including the rapid expansion of telecommunications infrastructure, particularly the rollout of 5G networks, which is increasing the demand for advanced electronic components like semiconductors and sensors. The rise of electric vehicles (EVs) and smart city initiatives is further boosting the demand for specialized components such as battery management systems, power electronics, and automotive sensors. Additionally, the country’s growing consumer electronics market, supported by rising disposable incomes and a young, tech-savvy population, is also driving growth.

However, the Bangladesh Electronic Components industry faces challenges such as import dependency on high-tech electronic components, which can lead to supply chain disruptions. The lack of robust local manufacturing capabilities for high-end components, reliance on imports, and the need for advanced research and development (R&D) infrastructure remain barriers to rapid growth. Additionally, regulatory hurdles, including import tariffs and inconsistent policies, can slow the market’s development. Overcoming these challenges will require targeted investments in local manufacturing, R&D, and skilled workforce development to build a sustainable electronics ecosystem in the country.

Bangladesh Electronic Components Market Trends

• 5G Network Expansion - Growing demand for electronic components related to telecommunications infrastructure, particularly for 5G rollouts.
• Electric Vehicle (EV) Growth - Increasing adoption of electric vehicles, driving the need for EV components such as batteries, charging systems, and power electronics.
• Smart City Developments - Increased investment in smart city projects fueling demand for sensors, connectivity modules, and IoT-based components.
• Consumer Electronics Boom - Rise in demand for smartphones, tablets, and home appliances, driving the need for integrated circuits (ICs), PCBs, and connectors.
• Local Manufacturing Initiatives - Growing focus on developing local manufacturing of electronic components to reduce dependency on imports and improve supply chain resilience.
• Sustainability and Green Technologies - Growing emphasis on energy-efficient components and eco-friendly electronics as part of global sustainability trends.

Investment Opportunities in the Bangladesh Electronic Components Market

• Electric Vehicle (EV) Component Manufacturing - Investment in the production of batteries, electric motors, charging stations, and battery management systems to support the growing EV market.
• Telecommunications Infrastructure - Opportunities in the supply and manufacturing of components for the 5G network rollout, such as 5G antennas, connectors, and sensors.
• Smart City Projects - Investment in components for smart infrastructure, including IoT devices, sensors, and data collection systems that support smart city developments.
• Consumer Electronics Manufacturing - Expanding local production of smartphones, tablets, televisions, and home appliances to meet rising demand.
• Automation and Robotics - Investment in the production of automation components, industrial sensors, and robotic parts to meet the growing demand for automation in manufacturing.

Key Players in the Bangladesh Electronic Components Market

Key players in Bangladesh's electronic components market include both international and local companies. Major international corporations like Samsung Electronics, LG Electronics, and Nokia are active in the market, contributing to the supply of telecommunications equipment, consumer electronics, and EV-related components. Local companies such as Nitol-Niloy Group, Bashundhara Group, and Transcom Electronics are also significant contributors, focusing on the assembly and distribution of consumer electronics and home appliances.

Additionally, some of these players hold majority of the Bangladesh Electronic Components market share. Moreover, emerging players in the automotive components sector, such as Runner Automobiles and Gemcon Group, are making strides in meeting the demand for electric vehicle components and infrastructure. The presence of these key companies, both local and global, is vital in shaping the market's growth trajectory.

Government Regulations in the Bangladesh Electronic Components Market

The government of Bangladesh has introduced several regulations and initiatives to foster the growth of the electronic components market. These include tax incentives, such as duty exemptions on the import of raw materials for electronic manufacturing and investment-friendly policies aimed at attracting foreign direct investment (FDI) in the sector. The government has also established special economic zones (SEZs) and industrial parks to promote local production and reduce dependency on imports. Additionally, the National Digital Infrastructure Policy is designed to support the development of telecommunications and 5G networks, creating a conducive environment for the growth of electronic components.

Further, these initiatives have further boosted the Bangladesh Electronic Components market revenues. However, challenges remain in the enforcement of regulations related to intellectual property protection and environmental standards, requiring continuous improvements in regulatory frameworks to ensure sustainable and competitive growth in the sector.

Future Insights of the Bangladesh Electronic Components Market

The future of the electronic components market in Bangladesh looks promising, driven by the continued expansion of telecommunications infrastructure, including the rollout of 5G networks, and the increasing demand for electric vehicles and smart technologies. With the government focusing on local manufacturing and FDI incentives, Bangladesh is poised to become a significant player in electronics assembly and component production. The rising demand for consumer electronics, automation systems, and renewable energy solutions will further propel market growth.

However, addressing challenges like supply chain vulnerabilities, skilled labor shortages, and technology gaps will be crucial for sustaining long-term growth. As Bangladesh continues to develop its tech ecosystem and R&D capabilities, the market is expected to attract more global investments, positioning the country as a key hub for electronics manufacturing and innovation in South Asia.

Electro Mechanic Category to Dominate the Market - By Type

According to Ravi Bhandari, Research Head, 6Wresearch, the electro-mechanical sector in Bangladesh is set for significant growth, driven by the increasing demand for automation, robotics, and electric vehicle (EV) components. With a shift towards modern manufacturing practices, industries such as automotive, consumer electronics, and industrial automation are pushing the need for advanced electromechanical systems including motors, sensors, actuators, and control systems. This growth is further fueled by government incentives promoting local manufacturing and research & development in high-tech components. As businesses increasingly automate production processes, there will be a higher need for electromechanical assemblies, creating a robust market for components that integrate electrical and mechanical systems. This trend positions Bangladesh as a key market for electromechanical innovation in the region.

Automotive to Dominate the Market – By Application

The automotive application segment in Bangladesh is witnessing rapid growth, primarily driven by the rising demand for electric vehicles (EVs) and the expansion of automotive manufacturing in the country. With the government’s push to promote green technologies through incentives and subsidies for EV production, there is an increasing need for automotive components, such as electric motors, battery management systems, and charging infrastructure.

Moreover, local manufacturers are scaling up to meet the demand for automotive electronics and smart features like infotainment systems, advanced driver assistance systems (ADAS), and safety sensors. This growing market is further supported by foreign investments in the automotive sector, positioning Bangladesh as an emerging hub for the production and assembly of electronic components used in EVs and automotive electronics.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year - 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Electronic Components Market Outlook
• Market Size of Bangladesh Electronic Components Market, 2024
• Forecast of Bangladesh Electronic Components Market, 2031
• Historical Data and Forecast of Bangladesh Electronic Components Revenues & Volume for the Period 2021-2031
• Bangladesh Electronic Components Market Trend Evolution
• Bangladesh Electronic Components Market Drivers and Challenges
• Bangladesh Electronic Components Price Trends
• Bangladesh Electronic Components Porter's Five Forces
• Bangladesh Electronic Components Industry Life Cycle
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Passive for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Active for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Electro Mechanic for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Communications for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Industrial for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Computing Applications for the Period 2021-2031
• Historical Data and Forecast of Bangladesh Electronic Components Market Revenues & Volume By Others for the Period 2021-2031
• Bangladesh Electronic Components Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• Bangladesh Electronic Components Top Companies Market Share
• Bangladesh Electronic Components Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Electronic Components Company Profiles
• Bangladesh Electronic Components Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

• Passive
• Active
• Electro Mechanic

By Applications

• Automotive
• Communications
• Industrial
• Computing Applications
• Others