Market Forecast By Types (Passive , Active, Electro Mechanic), By Applications (Automotive, Communications, Industrial, Computing Applications, Others) And Competitive Landscape
Product Code: ETC036514 | Publication Date: Jun 2024 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Spain Electronic Components market |
Forecast period | 2025-2031 |
Forecast size | USD 8.3 Billion – USD 11.2 Billion |
CAGR | 6.4% |
Growing Sector | Electronics |
The Spain 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.
In 2025, the Spain Electronic Components market is valued at approximately $ 8.3 billion, with a projected compound annual growth rate (CAGR) of 6.4% over the next five years. Additionally, by 2031, the market is expected to reach around $ 11.2 billion. The electronics sector holds significant position in the overall market.
The Spain electronic components market is experiencing steady growth, driven by increasing demand across various sectors such as automotive, telecommunications, industrial automation, and consumer electronics. As a key player in the European Union's manufacturing landscape, Spain benefits from its strong automotive industry, which is rapidly adopting advanced electronic systems for electric vehicles (EVs) and autonomous driving. Additionally, the rollout of 5G networks and the expansion of IoT applications are fueling demand for communication components, sensors, and semiconductors. The market is also supported by Spain's push for digital transformation and sustainability, with significant investments in renewable energy, smart manufacturing, and robotics. Despite challenges such as global supply chain disruptions, the market is poised for continued growth, driven by technological advancements and strategic government initiatives.
According to 6Wresearch, Spain Electronic Components market size is projected to grow at a CAGR of 6.4% during 2025-2031. The growth of the Spain electronic components market is primarily driven by the rapid expansion of the electric vehicle (EV) sector, the rollout of 5G networks, and the growing adoption of IoT devices across various industries, including automotive, telecommunications, and industrial automation. The shift towards sustainable energy and Spain's push for digital transformation are key factors boosting the demand for high-performance components such as semiconductors, sensors, and communication devices. Government incentives for green technologies and automation further fuel this growth.
However, the Spain Electronic Components industry faces challenges such as supply chain disruptions, particularly in semiconductor availability, and the reliance on imports for high-tech components and raw materials. Additionally, geopolitical tensions and global competition from other European and Asian markets could pose risks to Spain's position in the global electronics supply chain. Despite these hurdles, ongoing investments in local manufacturing capabilities and innovation are expected to mitigate these challenges and sustain long-term growth.
Key companies in the Spain electronic components market include Grup Antolín, a leading automotive supplier specializing in electronic systems for vehicle interiors and connectivity. Amper is another notable player, providing electronic systems and solutions for various industries, including defense, telecommunications, and transportation. Nissan and SEAT are significant automotive manufacturers in Spain, investing in advanced automotive electronics for electric vehicles and autonomous driving technologies. Ficosa, a global automotive supplier, focuses on innovative electronic components for connectivity and driver assistance systems. Additionally, some of these players hold majority of the Spain Electronic Components market share.
Moreover, Zaragoza-based semiconductor and electronic component manufacturer X-Fab and TE Connectivity, with its presence in Spain, play pivotal roles in supplying connectors and sensors for automotive, telecommunications, and industrial applications. These companies, along with others like Indra and Everis, are driving Spain’s growth in the electronics sector, particularly in areas such as smart manufacturing, renewable energy, and automotive electronics.
Government regulations in the Spain electronic components market are influenced by European Union directives and local policies aimed at fostering innovation, sustainability, and digital transformation. Spain adheres to EU regulations such as RoHS (Restriction of Hazardous Substances), REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), and WEEE (Waste Electrical and Electronic Equipment) to ensure environmental safety and reduce electronic waste. The country also follows the EU Digital Strategy, which promotes the development of 5G networks, IoT, and AI technologies. Spain has implemented tax incentives and grants under Industry 4.0 to encourage businesses to adopt advanced manufacturing technologies and automation. Further, these initiatives have further boosted the Spain Electronic Components market revenues. These regulatory frameworks create a supportive environment for innovation while ensuring compliance with environmental and safety standards.
The future of the Spain electronic components market looks promising, with continued growth expected in sectors like electric vehicles, 5G telecommunications, and industrial automation. As Spain accelerates its transition to a more digital and sustainable economy, there will be increasing demand for energy-efficient components, smart technologies, and renewable energy solutions. The automotive industry, particularly with the rise of electric and autonomous vehicles, will be a major growth driver for electronics, including power management systems, sensors, and connectivity solutions. Moreover, the ongoing rollout of 5G networks and the expansion of IoT applications across industries will further fuel the need for advanced communication components. Spain's emphasis on Industry 4.0, smart cities, and green energy will present lucrative opportunities for innovation and investment in electronic components.
According to Ravi Bhandari, Research Head, 6Wresearch, the electro-mechanical segment of the Spain electronic components market is poised for significant growth, driven by the increasing demand for advanced systems in industries such as automotive, industrial automation, and renewable energy. As Spain focuses on sustainability and digital transformation, the demand for electro-mechanical components like electric motors, actuators, sensors, and power management systems is rising, particularly in electric vehicles (EVs) and smart manufacturing. The shift towards automation and robotics in industrial settings, coupled with advancements in smart grid and renewable energy technologies, is further fueling the growth of electro-mechanical components. Additionally, the ongoing transition to Industry 4.0 and the integration of mechatronics in various applications, from automotive to IoT devices, is positioning Spain’s electro-mechanical sector as a key area of technological development and investment in the coming years.
The automotive application segment in Spain's electronic components market is experiencing robust growth, primarily driven by the rapid transition to electric vehicles (EVs) and the increasing adoption of advanced driver-assistance systems (ADAS). As Spain’s automotive industry shifts towards sustainable mobility, the demand for electronic components such as battery management systems, power electronics, sensors, and connectivity solutions is rising. The growth of electric and hybrid vehicles, along with innovations in autonomous driving technologies, is propelling the need for high-performance semiconductors and electronic control units (ECUs). Additionally, Spain’s automotive sector is increasingly focusing on connectivity, in-car infotainment, and safety features, all of which require cutting-edge electronic components.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Spain Electronic Components Market Overview |
3.1 Spain Country Macro Economic Indicators |
3.2 Spain Electronic Components Market Revenues & Volume, 2021 & 2031F |
3.3 Spain Electronic Components Market - Industry Life Cycle |
3.4 Spain Electronic Components Market - Porter's Five Forces |
3.5 Spain Electronic Components Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Spain Electronic Components Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Spain Electronic Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Spain Electronic Components Market Trends |
6 Spain Electronic Components Market, By Types |
6.1 Spain Electronic Components Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Spain Electronic Components Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Spain Electronic Components Market Revenues & Volume, By Passive , 2021 - 2031F |
6.1.4 Spain Electronic Components Market Revenues & Volume, By Active, 2021 - 2031F |
6.1.5 Spain Electronic Components Market Revenues & Volume, By Electro Mechanic, 2021 - 2031F |
6.2 Spain Electronic Components Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Spain Electronic Components Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 Spain Electronic Components Market Revenues & Volume, By Communications, 2021 - 2031F |
6.2.4 Spain Electronic Components Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.5 Spain Electronic Components Market Revenues & Volume, By Computing Applications, 2021 - 2031F |
6.2.6 Spain Electronic Components Market Revenues & Volume, By Others, 2021 - 2031F |
7 Spain Electronic Components Market Import-Export Trade Statistics |
7.1 Spain Electronic Components Market Export to Major Countries |
7.2 Spain Electronic Components Market Imports from Major Countries |
8 Spain Electronic Components Market Key Performance Indicators |
9 Spain Electronic Components Market - Opportunity Assessment |
9.1 Spain Electronic Components Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Spain Electronic Components Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Spain Electronic Components Market - Competitive Landscape |
10.1 Spain Electronic Components Market Revenue Share, By Companies, 2024 |
10.2 Spain Electronic Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |