The electrical component industry is dedicated to producing essential parts used in electronic devices and electrical systems, including semiconductors, capacitors, and resistors.

Essential sub-industries include semiconductor manufacturing, which produces integrated circuits and microchips; passive components, such as capacitors and inductors; and connectors and switches, which facilitate electrical connections and control.

The industry is driven by advancements in technology, the growing demand for electronics in various sectors, and the need for high-performance, reliable components.