"Component-based" means "separation of concerns", whether those are:
physical (with tiers, where each "compoents" represent a physical unit of separation/deployment, like a 3-tiers architecture with a web server (1 tier) delivering web pages (another tier) which draws on data from a database the 3rd tiers. See FinnNk's answer for the question 3 Tier Architecture vs 2 Tier Architecture.
logical (with layers with components representing responsibilities).
The term component is "generic" enough to be applied to any architecture where you can identify several concerned which can be isolated.
Hence, a distributed system can be viewed as a collection of physical components (the "nodes") or logical components (as for EJB: a server-side "component", here a "model" that encapsulates the "business logic" of an application)