Active Electronic Components Market Outlook 2031
The global active electronic components market size was valued at USD 326.38 Million in 2022 and is expected to surpass USD 720.65 Million by 2031, expanding at a CAGR of 9.2% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing demand for consumer electronics such as smartphones and laptops.
The active electronic components are the basic components of networking devices and telecom equipment that require an energy source to carry out the task. They’re mostly used in emerging economies such as India, to position next-generation 5g network infrastructure.
The COVID-19 pandemic had a real effect on the passive and connected electronic components manufacturing firm across the world. Countries including China, the US, Japan, Germany, and South Korea were under trade restrictions due to lockdown.
Active Electronic Components Market Trends, Drivers, Restraints, and Opportunities
- Increasing trend toward Internet of Things (IoT) is estimated to drive the market growth.
- Rapid digitalization to streamline the operational processes of the remote monitoring the automation across various industries is expected to spur the growth of the market.
- Growing adoption of the semiconductor devices across several applications including mobile phones, personal computers, household appliances, and network equipment is fueling the market growth.
- Expanding demand for semiconductor devices for various consumer devices can create lucrative opportunities for the market.
Scope of Active Electronic Components Market Report
The report on the global active electronic components market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Active Electronic Components Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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End-users (Automotive, Aerospace & Defense, Manufacturing, Networking & Telecommunication, Consumer Electronics, Healthcare, and Others), Products (Vacuum Tubes, Semiconductor Devices [Diodes, Transistors, ICs, and Optoelectronics], Display Devices, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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NXP Semiconductors NV; Texas Instruments, Inc.; Intel Corp.; Maxim Integrated; Broadcom, Inc.; Infineon Technologies AG; Qualcomm, Inc.; Analog Devices, Inc.; Toshiba Corp; Advanced Micro Devices.; Monolithic Power Systems, Inc; and Microchip Technology, Inc.
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Active Electronic Components Market Segment Insights
End Users Segment Analysis
On the basis of end-users, the market is segregated into consumer electronics, networking & telecommunication, automotive, manufacturing, aerospace & defense, healthcare and others.
The aerospace & defense segment is projected to expand at a considerable CAGR during the forecast period due to rising demand for pervious devices for consumer devices, including mobile phones, digital cameras, set-top boxes (STB), wearable devices, and gaming devices.
On the other hand, the healthcare segment is anticipated to account for a major market share during the forecast period. The adoption of remote patient monitoring coupled with the demand for advanced medical equipment is projected to rise the product usage in the healthcare industry during the forecast period.
Products Segment Analysis
Based on products, the global active electronic components market is divided into semiconductor devices, vacuum tubes, display devices, and others.
The display devices segment is expected to grow at a rapid pace during the forecast period. The growth is anticipated to the adoption of computer chip devices across several applications such as mobile phones, personal computers, and household appliances. However, the vacuum tubes segment is anticipated to hold a key share of the market in the coming years due to rising producing of 5G chipsets.
Regional Analysis
In terms of regions, the global active electronic components market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is anticipated to constitute a key share of the market during the projected period. The US government is funding for the growth of smart cities across the country. Moreover, the evolution of the 5G network edifice is projected to rising the number of new installations of other networking devices and telecom equipment, thereby driving the market growth in the region.
Segments
The global active electronic components market has been segmented on the basis of
End-users
- Consumer Electronics
- Networking & Telecommunication
- Automotive
- Manufacturing
- Aerospace & Defense
- Healthcare
- Others
Products
- Semiconductor Devices
- Optoelectronics
- Vacuum Tubes
- Display Devices
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- NXP Semiconductors NV.
- Texas Instruments, Inc.
- Intel Corp.
- Maxim Integrated.
- Broadcom, Inc.
- Infineon Technologies AG.
- Qualcomm, Inc.
- Analog Devices, Inc.
- Toshiba Corp.
- Advanced Micro Devices.
- Monolithic Power Systems, Inc.
- Microchip Technology, Inc.
Competitive Landscape
Key players competing in the global active electronic components market are NXP Semiconductors NV; Texas Instruments, Inc.; Intel Corp.; Maxim Integrated; Broadcom, Inc.; Infineon Technologies AG; Qualcomm, Inc.; Analog Devices, Inc.; Toshiba Corp; Advanced Micro Devices.; Monolithic Power Systems, Inc.; and Microchip Technology, Inc.
- In June 2019, Infineon Technologies AG get Cypress Semiconductor Corp. to strengthen its market position and product offering.