Malaysia Electronic Components Market (2024-2030) | Analysis, Companies, Forecast, Value, Growth, Industry, Size, Outlook, Trends, Revenue & Share

Malaysia Electronic Components Market Highlights

Report Name	Malaysia Electronic Components Market
Forecast period	2024-2030
CAGR	6.65%
Growing Sector	Automotive and Medical Equipment

Topics Covered in the Malaysia Electronic Components Market

Malaysia Electronic Components Market report thoroughly covers the market types and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

Malaysia Electronic Components Market Synopsis

Malaysia Electronic Components Market has been primarily driven by the increasing usage of smartphone devices and automotive electronics. These two industries have a strong demand for electronic components. Additionally, the country's growing semiconductor market, which has been boosted by technology advancement and innovation, is also a significant driver of growth in the industry.

According to 6Wresearch, the Malaysia Electronic Components Market size is anticipated to grow at a CAGR of 6.56% during the forecast period of 2024-2030. The growth of the Malaysia electronic components market is driven by several factors such as the increasing demand for electronic products, particularly smartphones, tablets, and laptops. Additionally, the rise of the automotive industry in Malaysia has also contributed to the growth of the electronic components market, as modern vehicles are increasingly reliant on electronic systems for their functionality. The government's push to promote local manufacturing and research and development in the sector is another key driver. The Malaysia electronic components market is witnessing several emerging trends, such as the increasing adoption of IoT, the use of advanced materials such as MEMS and sensors, and the rise of Industry 4.0. The demand for MEMS sensors is expected to grow at a rapid pace due to their use in various applications such as smartphones, wearables, and automotive. However, the Malaysia electronic components market faces certain challenges such as intense competition from other Asian markets, particularly China and South Korea, which have well-established electronics industries. Another challenge is the shortage of skilled labor, particularly in the field of research and development. The lack of domestic demand for high-end products is another concern as well. The Malaysia electronic components market presents several opportunities for growth, particularly in the areas of research and development and innovation. The government's focus on promoting industry 4.0 and digitalization is expected to drive Malaysia Electronic Components Market Growth. Additionally, the emergence of new technologies such as 5G, IoT, and AI is expected to boost demand for electronic components.

Government policies and schemes introduced in the Malaysia Electronic Components Market

The government has implemented several policies that aim to support the electronic components industry and enhance its competitiveness. One of the most notable policies is the Electronics and Electrical Industry Transformation Plan (EEITP) launched in 2010, which focuses on promoting R&D, boosting exports, and strengthening the supply chain of the industry. In addition, the government has established the Electrical and Electronics Productivity Nexus (EEPN) to help increase the productivity of the industry and develop new high-value-added products. To facilitate the growth of the electronic components industry, the government has also introduced various schemes, such as the Industrial Revolution 4.0 program. This program aims to transform Malaysia into a high-income nation and stimulate the development of Industry 4.0 technologies, including Artificial Intelligence and the Internet of Things.

Key players in the Malaysia Electronic Components Market

The Malaysia electronic components market is a highly competitive sector, with several key players dominating the market. Some of the notable players include Infineon Technologies, Intel, Toshiba, STMicroelectronics, and NXP Semiconductors.

Future insights of the Malaysia Electronic Components Market

The Malaysia electronic components industry is expected to continue growing in the coming years, with the increased adoption of Industry 4.0 technologies, advanced manufacturing, and the development of smart cities. The country's strategic location, skilled workforce, and the government's strong support for the industry make it an attractive investment destination for companies looking to expand their presence in Southeast Asia.

Market by Types

According to Mohit, Senior Research Analyst, 6Wresearch, the passive components segment is one of the leading segments in Malaysia electronic components market. The growth of this segment is attributed to the increasing demand for passive components in various applications, including automotive, communications, industrial, and consumer electronics.

Market by Applications

Based on Applications, the automotive segment is dominating the Malaysia Electronic Components Market Share due to the rising demand for advanced safety features in vehicles, such as automatic emergency braking, lane departure warning systems, and blind-spot detection systems.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Malaysia Electronic Components Market Outlook
• Market Size of Malaysia Electronic Components Market, 2023
• Forecast of Malaysia Electronic Components Market, 2030
• Historical Data and Forecast of Malaysia Electronic Components Revenues & Volume for the Period 2020 - 2030
• Malaysia Electronic Components Market Trend Evolution
• Malaysia Electronic Components Market Drivers and Challenges
• Malaysia Electronic Components Price Trends
• Malaysia Electronic Components Porter's Five Forces
• Malaysia Electronic Components Industry Life Cycle
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Types for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Passive for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Active for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Electro Mechanic for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Applications for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Communications for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Computing Applications for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electronic Components Market Revenues & Volume By Others for the Period 2020 - 2030
• Malaysia Electronic Components Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• Malaysia Electronic Components Top Companies Market Share
• Malaysia Electronic Components Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Electronic Components Company Profiles
• Malaysia 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

Malaysia Electronic Components Market (2024-2030): FAQs