Market Highlights
Market Research Future (MRFR), in its recently published research report, asserts that the global Active Electronic Components Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 10% CAGR in the forecast period.
Drivers and Restraints
Factors propelling market growth include the augmented growth of smart automobiles, industrial machinery, and infrastructure. Additionally, the Consumer expansion is leading to the emerging Internet of Things (IoT) market, which is expected to bring billions of additional devices to the Internet. The new products, including cameras, data storage tools, servers, and associated hardware, would be able to communicate in operating systems and networks with each other. This illustrates the increased demand these electronic components will experience in coming years. The primary factor driving growth is the increasingly growing market for consumer electronics products, such as smartphones and laptops. Responsive electronics are integral components of telecommunications equipment and other networking products that need an energy source to perform an assigned task. The automotive sector is increasingly evolving with the introduction of the digital technology. Such linked tools help production facilities improve overall productivity and working performance by ensuring ease of operation and reducing minimum downtime.
The that demand for high bandwidth and low latency among customers has allowed telecom operators to deploy next-generation 5 G network infrastructure in the coming years, particularly in emerging economies such as India. This, in effect, would raise competition for new I.T. and telecom equipment, thereby driving demand for active electronic components.
On the other hand, instability in the price, demand & supply raw materials is hampering the market growth. Nevertheless, growing MEMS technology is poise to provide a considerable impetus to the market growth during the review period.
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Segmentation:
The global active electronic components market is analyzed on the basis of product type and end-users.
On the basis of product type, the active electronic components market is segmented into display technologies, optoelectronic devices, semiconductor devices, vacuum tubes, and others. By product type, Integrated circuits is leading the active electronic components market with USD 76.96 Billion in 2016 and is poised to rise with 11.42% CAGR.
On the basis of end-users, the market is further segmented into consumer electronics, healthcare, automotive, aerospace & defense, information technology, and others. By end-users, consumer electronics is leading the active electronic components market and has produced USD 73.5 Billion in 2016 and is poised to rise at 11.95% CAGR.
Regional Analysis
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
North America is one of the dominating regions across the world in terms of market share in the active electronic components market due to the massive demand for security systems And business intelligence that is guiding the development of successful electronic components in the industry. Asia Pacific is projected to overtake the industry, however, which has been due to increasing demand and need for energy-efficient devices and increase in mobile adoption in the coming years. Asia Pacific countries such as China, India, and Japan are ahead in the Successful Electronic Components industry due to growing penetration of high-tech products, increased requirements for miniaturization, auto electronics growth, economic progress, growing digitization, rapid industrialization, and much more.
Competitive Landscape
The key market players operating in the global market as identified by MRFR are STMicroelectronics (Switzerland),Infineon Technologies AG (Germany), Hitachi AIC Inc. (Japan), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), Panasonic Corporation (Japan), NXP Semiconductors N.V. (Netherlands),Toshiba Corporation (Japan), Renesas Electric Corporation (Japan) and Maxim Integrated (U.S.), and others.
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