Active Electronic Components Market to Grow with a CAGR of 7.4% Globally through to 2028
Global Active Electronic Components Market is rising due to the
increasing demand for electronic devices across various industries, including
consumer electronics, automotive, and telecommunications, driving the need for
active electronic components to power and control these devices in the forecast
period 2024-2028.
According to TechSci Research report, “Global Active
Electronic Components Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Active Electronic
Components Market has valued at USD 306 Billion in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 7.4% through 2028.
The Global Active Electronic Components Market is experiencing robust growth,
propelled by the relentless expansion of the electronics industry across
diverse sectors. Active electronic components, which include semiconductors,
transistors, integrated circuits, and amplifiers, form the fundamental building
blocks of virtually all electronic devices, from smartphones and laptops to
automotive systems and industrial machinery. Several factors drive the market's
upward trajectory, including the proliferation of smart and connected devices,
the rise of 5G technology, and the growing adoption of electric vehicles. As
consumer preferences shift towards cutting-edge electronics, there's an
escalating demand for high-performance components that offer increased
functionality, energy efficiency, and miniaturization.
Moreover, the global push towards renewable energy
sources, such as solar and wind power, is boosting the demand for active
electronic components to optimize energy conversion and management systems.
Additionally, the ever-expanding Internet of Things (IoT) ecosystem relies
heavily on active components to enable seamless connectivity and data
processing. As a result, manufacturers are continuously innovating, developing
smaller, more power-efficient components, and leveraging advanced materials to
meet the evolving requirements of the electronics industry. In this dynamic
landscape, the Global Active Electronic Components Market is poised for
sustained growth, driven by technological advancements and the ongoing
integration of electronics into every facet of modern life.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Active Electronic Components Market”.
The global active electronic components market has
witnessed significant growth in recent years, driven by the increasing demand
for advanced electronic devices and the rapid expansion of the consumer
electronics industry. Active electronic components are essential building
blocks of electronic circuits, providing amplification, switching, and control
functions. These components, such as transistors, diodes, integrated circuits,
and optoelectronic devices, play a crucial role in the functioning of various
electronic systems, including smartphones, laptops, televisions, and automotive
electronics. One of the key factors driving the growth of the global active
electronic components market is the rising adoption of smart devices and the
Internet of Things (IoT). With the proliferation of connected devices and the
need for seamless connectivity, the demand for active electronic components has
surged. These components enable efficient data processing, power management,
and wireless communication, thereby facilitating the seamless integration of
devices into the IoT ecosystem. Moreover, the increasing focus on energy
efficiency and sustainability has also contributed to market growth. Active
electronic components play a vital role in energy-efficient systems by enabling
power management, voltage regulation, and energy harvesting. As governments and
organizations worldwide strive to reduce energy consumption and carbon
emissions, the demand for energy-efficient electronic devices has soared,
driving the market for active electronic components.
Furthermore, the automotive industry has emerged as a
significant growth driver for the active electronic components market. The
increasing adoption of electric vehicles (EVs) and the integration of advanced
driver-assistance systems (ADAS) have created a substantial demand for active
electronic components. These components are crucial for the efficient
functioning of EV powertrains, battery management systems, and ADAS sensors,
enhancing vehicle performance, safety, and efficiency. In terms of regional analysis,
Asia Pacific has emerged as the dominant market for active electronic
components, owing to the presence of major electronics manufacturing hubs in
countries like China, Japan, and South Korea. The region's robust consumer
electronics industry, coupled with the increasing investments in infrastructure
development and technological advancements, has fueled the demand for active
electronic components. However, the market is not without its challenges. The
rapid pace of technological advancements and the short product life cycles pose
a significant challenge for active electronic component manufacturers. To stay
competitive, companies need to invest heavily in research and development to
keep up with evolving consumer demands and technological trends.
In conclusion, the global active electronic components
market is experiencing substantial growth, driven by the increasing adoption of
smart devices, the IoT, and the demand for energy-efficient systems. The
automotive industry also plays a crucial role in driving market growth.
However, manufacturers must navigate the challenges posed by rapid
technological advancements to stay ahead in this highly competitive market.
With the continuous evolution of electronic devices and the increasing
integration of advanced technologies, the active electronic components market
is expected to witness further growth in the coming years.
The Global Active Electronic Components Market is
segmented into Product Type, End-user, regional distribution, and company.
Based on its Product Type, the semiconductor segment
dominated with a revenue share of 57.5% in 2022 and is also anticipated to
witness the fastest CAGR of over 7.0% during the forecast period. ICs, the
sub-segment of semiconductor devices, dominated the overall market with a
revenue share of 55.3% in 2022 and is also to witness the fastest CAGR of over
8.1% in the forthcoming years. A semiconductor substance exists between the
insulator and the conductor, which controls and regulates the current flow in
electrical devices and equipment. As a result, it has become an essential
component of electronic chips used in computing components and various
electronic devices, such as solid-state storage.
An SMD (Surface Mount Device) Electronic Component
made of multiple transistors, diodes, resistors, and capacitors in a tiny
semiconductor chip are an Integrated Circuit (IC). ICs, or Integrated Circuit
Electronic Components, are small and light, providing more significant outcomes
while using less power. An Integrated Circuit (IC) is the integration or
assimilation of several electronic components (primarily transistors) on a chip
(or single device) constructed of semiconductor material. ICs are extensively
utilized in various applications such as televisions, mobile phones, laptops,
audio players, routers, etc.
Based on region, Asia Pacific held the leading revenue
share of 54.5% in 2022. Asia Pacific dominates the global electronics sector
and is regarded as a manufacturing powerhouse for consumer electronics. Due to
a variety of favorable factors, including relatively lower labor costs, the
availability of a large pool of highly skilled workers, rising foreign direct
investments, government initiatives supporting the production of electronic
components, and preferential trading access to Europe and North America, Asia
Pacific has emerged as the most prominent electronics manufacturing and
exporting region. China, India, Vietnam, and Malaysia are among the leading
Asia Pacific economies helping to drive the region's electronics sector growth.
Over the projection period, these economies will likely strengthen their
position in the semiconductor sector and grow their share of the worldwide
market.
North America is anticipated to grow at a considerable
CAGR of 6.3% throughout the forecast period. In North America, the adoption of
connected cars is gaining significant traction, particularly in the U.S.
Leading telecom services providers, such as Verizon Inc. and AT&T Inc., are
investing aggressively in deploying the next generation 5G network
infrastructure to provide unified connectivity between vehicles and the network
infrastructure. The outbreak of the COVID-19 pandemic may have delayed the
industrial deployment of 5G in the U.S. But the U.S. government is trying to
overcome this delay by investing aggressively in rolling out highly efficient
network infrastructure and building smart cities. As such, the installation of
telecom equipment and other networking devices is expected to gain traction in
line with the unabated rollout of 5G network infrastructure across North
America, thereby driving the growth of the North America active electronic
components industry over the forecast period.
Major companies operating in Global Active
Electronic Components Market are:
- Infineon Technologies AG
- Advanced Micro Devices, Inc.
- STMicroelectronics N.V.
- Microchip Technology, Inc.
- Analog Devices, Inc.
- Broadcom Inc.
- NXP Semiconductors N.V.
- Intel Corporation
- Monolithic Power Systems, Inc.
- Texas Instruments Incorporated
- Qualcomm Inc.
- Renesas Electronics Corporation
- Semiconductor Components Industries, LLC
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global active electronic components market has
seen significant growth due to the rising demand for advanced electronic
devices and the expansion of the consumer electronics industry. These
components, including transistors, diodes, integrated circuits, and
optoelectronic devices, are crucial for electronic circuits and play a vital role
in various systems like smartphones, laptops, and automotive electronics. The
market growth is driven by the increasing adoption of smart devices and the
Internet of Things (IoT), as active electronic components enable efficient data
processing and wireless communication. Additionally, the focus on energy
efficiency and sustainability has contributed to market growth, as these
components enable power management and energy harvesting. The automotive
industry, particularly electric vehicles (EVs) and advanced driver-assistance
systems (ADAS), has also fueled demand. Asia Pacific dominates the market due
to its electronics manufacturing hubs. However, manufacturers face challenges
from rapid technological advancements and short product life cycles, necessitating
heavy investment in research and development. Despite these challenges, the
active electronic components market is expected to continue growing with the
evolution of electronic devices and integration of advanced technologies,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Active
Electronic Components Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Product Type (Semiconductor Devices,
Vacuum Tubes, Display Devices), By End-user (Consumer Electronics, Automotive),
By Region, By Competition”, has evaluated the future growth
potential of Global Active Electronic Components Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Active Electronic Components Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Website:
www.techsciresearch.com