No, components are just "parts of a project". Priority is set on issues.
However, having different parts of an issue with different priorities is possible - create sub-tasks. I've automated this in a few places too, by scripting the creation of subtasks based on one-per-component when an issue goes from "new" to "in progress" for example.
Priorities can not be set at component level. But there is an small hack which I use to prioritize based on components. What you can do is to create "swim-lanes" in your scrum/kanban boards, these swim-lanes will be based on components and then you can arrange the swim-lanes based on your component's priority, example- The component with higher priority would have it's corresponding swim-lane on the board above the swimlanes of other components and so on.
Hello @Monica Ross
You can create swimlanes in the board by using JQL queries, here's the docs
Each lane can be based on the JQL query which in turn consists of something like "component = <name>"
Thanks for the prompt feedback Tarun/Nic! I like both answers. But, for my purposes I think I found something easier. Since I'm really just trying to indicate which component(s) will be worked on in what order relative to the others... I can just create inter-component dependencies to imply priority like this:
Component_2 (Initial Task) has FS dependency on Component_1 (Final Task)
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