diff --git a/packages/schematics/angular/component/files/__name@dasherize@if-flat__/__name@dasherize__.__type@dasherize__.ts.template b/packages/schematics/angular/component/files/__name@dasherize@if-flat__/__name@dasherize__.__type@dasherize__.ts.template
index 442a76f98278..761920833dd8 100644
--- a/packages/schematics/angular/component/files/__name@dasherize@if-flat__/__name@dasherize__.__type@dasherize__.ts.template
+++ b/packages/schematics/angular/component/files/__name@dasherize@if-flat__/__name@dasherize__.__type@dasherize__.ts.template
@@ -1,6 +1,7 @@
 import { Component, OnInit<% if(!!viewEncapsulation) { %>, ViewEncapsulation<% }%><% if(changeDetection !== 'Default') { %>, ChangeDetectionStrategy<% }%> } from '@angular/core';
 
-@Component({<% if(!skipSelector) {%>
+@Component({<% if (standalone) {%>
+  standalone: true,<%}%><% if(!skipSelector) {%>
   selector: '<%= selector %>',<%}%><% if(inlineTemplate) { %>
   template: `
     <p>
diff --git a/packages/schematics/angular/component/index_spec.ts b/packages/schematics/angular/component/index_spec.ts
index 14235575b3b0..6b83137d9e0b 100644
--- a/packages/schematics/angular/component/index_spec.ts
+++ b/packages/schematics/angular/component/index_spec.ts
@@ -119,6 +119,41 @@ describe('Component Schematic', () => {
     );
   });
 
+  it('should create a standalone component', async () => {
+    const options = { ...defaultOptions, standalone: true };
+
+    const fooModule = '/projects/bar/src/app/foo/foo.module.ts';
+    appTree.create(
+      fooModule,
+      `
+      import { NgModule } from '@angular/core';
+
+      @NgModule({
+        imports: [],
+        declarations: []
+      })
+      export class FooModule { }
+    `,
+    );
+
+    const tree = await schematicRunner.runSchematicAsync('component', options, appTree).toPromise();
+    const files = tree.files;
+    expect(files).toEqual(
+      jasmine.arrayContaining([
+        '/projects/bar/src/app/foo/foo.component.css',
+        '/projects/bar/src/app/foo/foo.component.html',
+        '/projects/bar/src/app/foo/foo.component.spec.ts',
+        '/projects/bar/src/app/foo/foo.component.ts',
+      ]),
+    );
+
+    const fooComponentContent = tree.readContent('/projects/bar/src/app/foo/foo.component.ts');
+    expect(fooComponentContent).toContain('standalone: true,');
+
+    const fooModuleContent = tree.readContent(fooModule);
+    expect(fooModuleContent).not.toContain('FooComponent');
+  });
+
   it('should find the closest module', async () => {
     const options = { ...defaultOptions };
     const fooModule = '/projects/bar/src/app/foo/foo.module.ts';
diff --git a/packages/schematics/angular/component/schema.json b/packages/schematics/angular/component/schema.json
index 115185cf9cb6..6c8edde23b69 100644
--- a/packages/schematics/angular/component/schema.json
+++ b/packages/schematics/angular/component/schema.json
@@ -48,6 +48,13 @@
       "alias": "t",
       "x-user-analytics": 10
     },
+    "standalone": {
+      "description": "Generate a standalone component",
+      "type": "boolean",
+      "default": false,
+      "alias": "sa",
+      "x-user-analytics": 100
+    },
     "viewEncapsulation": {
       "description": "The view encapsulation strategy to use in the new component.",
       "enum": ["Emulated", "None", "ShadowDom"],
diff --git a/packages/schematics/angular/utility/find-module.ts b/packages/schematics/angular/utility/find-module.ts
index a420f07eb052..24a1e2c466b7 100644
--- a/packages/schematics/angular/utility/find-module.ts
+++ b/packages/schematics/angular/utility/find-module.ts
@@ -17,6 +17,7 @@ export interface ModuleOptions {
   skipImport?: boolean;
   moduleExt?: string;
   routingModuleExt?: string;
+  standalone?: boolean;
 }
 
 export const MODULE_EXT = '.module.ts';
@@ -31,6 +32,11 @@ export function findModuleFromOptions(host: Tree, options: ModuleOptions): Path
     return undefined;
   }
 
+  // eslint-disable-next-line no-prototype-builtins
+  if (options.hasOwnProperty('standalone') && options.standalone) {
+    return undefined;
+  }
+
   const moduleExt = options.moduleExt || MODULE_EXT;
   const routingModuleExt = options.routingModuleExt || ROUTING_MODULE_EXT;