New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Active Electronic Components Market Research Report: By product type, end-users - Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 640.29 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 9.1% during the assessment timeframe.
Active Electronic Components Market Overview:
The essential components of telecom equipment and other systems administration devices that require an energy source to complete a given activity are known as active electronic components markets. Customers' growing desire for fast transfer speeds with little idle time has given telecom managers, particularly in developing nations like India, the opportunity to introduce a cutting-edge 5G organisational structure. So, this will increase interest in new I.T. and telecom devices, increasing item reception in the process.
Smartphones are constantly improving in sophistication. The most recent Android or Apple iPhone versions are eagerly awaited by users. Electricity is guzzled by smartphones. One of the elements fueling the market for active electronic components' exploding growth is their swiftly rising appeal.
Active Electronic Components Market Key Players:
Key companies in the active electronic components market include
- Hitachi AIC Inc. (Japan),
- Infineon Technologies AG (Germany),
- Texas Instruments, Inc. (U.S),
- Analog Devices, Inc. (U.S.),
- NXP Semiconductors N.V. (Netherlands),
- Panasonic Corporation (Japan),
- Toshiba Corporation (Japan),
- STMicroelectronics (Switzerland),
- Renesas Electric Corporation (Japan) and
- Maxim Integrated (U.S.)
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Active Electronic Components Market Report Scope:
| Report Metric | Details |
| Revenue forecast in 2030 | USD 640.29 Billion |
| Growth Rate | CAGR of 9.1% from 2020 to 2030 |
| Base Year | 2019 |
| Study Period | 2020-2030 |
| Key Market Opportunities | Global demand in ICT market for smartphones and other wearable devices, and the dramatic growth for smart automobiles, industry machinery and infrastructure. |
| Key Market Drivers | Increase in consumer electronics and automation across various organizations. Growing adoption of Internet of Things (IoT) |
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The market for active electrical components is expanding as a result of the Internet of Things (IoT). Wearable technology, such as the FitBit watch, is part of the Internet of Things. It contains infrastructure needs for things like computers, data storage devices, and other things. To function well, all of this infrastructure will require significant electrical energy.
The market's anticipated high CAGR for active electronic components is luring more manufacturers to the industry. In response, they are making significant investments in research and development to create electronic devices that can start even greater electrical reactions in less time. The goal is to produce a lot of electrical energy in order to make money. Any extra energy is stored for later use.
The costs of the raw resources required to produce this energy fluctuate. They vary greatly during the day and even from day to day. This is a significant barrier to the market for active electronic components' expansion.
Finding ways to generate even more electrical energy at rates that are lower than they are today while taking into account the fact that raw material prices change greatly is perhaps the biggest hurdle that these manufacturers must overcome.
Active Electronic Components Market Segmentation:
The global active electronics components market is segmented on the basis of product type, end user, and region.
By product type, the market is segmented into Semiconductor devices, Optoelectronic devices, Display technologies, Vacuum tubes, and Others. Integrated circuits make up the largest sub-segment of the product type segment. It presently brings in USD 76.96 billion in income (as of 2016.) The CAGR during this time is 11.42%.
By end-user, the market is segmented into Consumer electronics, Healthcare, Automotives, Aerospace and defense, Information Technology, and Others. The consumer electronics industry is the largest subsector in the end-user segment. In 2016, it had a revenue turnover of USD 73.5 billion. The CAGR at this time is 11.95%.
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Active Electronic Components Market Regional Analysis:
By region, the market is segmented into Asia-Pacific, North America, The European Union, and The rest of the world.
The same pattern is present in China. In fact, the market for active electronic components is predicted to experience a meteoric rise in demand for electrical energy generating gadgets as the populations of both of these nations grow more technologically advanced and more educated.
The Asia-Pacific region's active electronic components market is expanding as a result of a number of factors, including the shrinking size of smart devices and the rising popularity of smart cars. In Japan, this is especially true. Another major reason is the quick industrialization of China and India.
North America currently has the largest regional market share. The European Union came in second place. Next is the Asia-Pacific region.
One of the main reasons why the North American region has the largest market share of all the regions in the world is because security systems are widely used in the nations that make up the North American continent (Canada, Mexico, and the United States of America.) Particularly in the United States of America, a lot of homes and businesses utilise security and/or closed-circuit video cameras and systems. Due to the growing worry over break-ins, security systems are anticipated to grow in popularity in the United States of America over the coming years.
As a result, there will be a huge need for equipment that can create large amounts of electrical energy quickly and effectively.
Another significant industry growing swiftly in North America is business intelligence. This industry relies heavily on the creation and use of energy to operate at its optimum. As a result, the market for active electronic components is growing significantly.
The Asia-Pacific region has the highest regional CAGR of any region on earth. Progress in this sector is being driven by the constantly expanding need for a variety of high-energy-consumption gadgets. These include cellphones, wearable technology, portable gadgets, etc.
Economies around the Asia-Pacific area are also expanding quickly. This is driving up demand for equipment that can produce significant quantities of electrical energy relatively quickly. This is also a contributing factor, at least in the short term, to the market's high global CAGR for active electronic components.
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China's and India's economies are expanding swiftly. In actuality, prior to COVID-19, India had the fastest-growing economy globally. India's populace wants to spend more money on electronic items that use a lot of energy as their income levels rise. Mobile devices and smartphones are examples of such gadgets. Devices that can produce significant amounts of electrical energy in a short amount of time are in high demand as a result of this.
The same pattern is present in China. In fact, the market for active electronic components is predicted to experience a meteoric rise in demand for electrical energy generating gadgets as the populations of both of these nations grow more technologically advanced and more educated.
The Asia-Pacific region's active electronic components market is expanding as a result of a number of factors, including the shrinking size of smart devices and the rising popularity of smart cars. In Japan, this is especially true. Another major reason is the quick industrialization of China and India.
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