New York, NY, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a recent study report titled "Active Electronic Components Market Share, Size, Trends, Industry Analysis Report, By Product Type (Semiconductor Devices, Vacuum Tubes, Display Devices), By End-user (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2023 - 2032" in its research database.
Global active electronics components market size and share is currently valued at USD 302.18 Billion in 2022 and is anticipated to generate an estimated revenue of USD 535.79 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.0% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023-2032.
What Exactly are Active Electronics Components? How Big is Active Electronic Components Market Size?
- Overview
In electrical and electronics engineering, the closed-loop or paths that form a network of electrical components where electric current can flow is known as an electric circuit. Depending on their function, the electronic components in electric circuits are categorized as passive and active components. Active electronic components, in a nutshell, are devices that have the capability of electrically controlling and amplifying the flow of electric current.
Active electronic components need a source of energy to carry out their intended function. Common examples of these components available in the active electronics components market are semiconductor devices, energy sources, transistors, solar cells, and SCR, amongst others. Active electronic components have numerous applications in several end-user industries, including consumer electronics, networking and telecommunication, automotive, manufacturing, aerospace & defense, and healthcare, amongst others.
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Essential Takeaways from the Report
- The growing demand across various sectors and widespread adoption of connected devices are the fundamental factors contributing to the market growth.
- The potential adoption of active electronic components in the production of network & communication equipment is anticipated to drive market expansion.
- The active electronics components market segmentation is primarily based on product type, end-user, and region.
- North America is likely to emerge as the fastest-growing region over the forecast period.
Leading Players Appeared in the Report
- Advanced Micro Devices
- Analog Devices
- Broadcom
- Infineon Technologies
- Intel
- Microchip Technology
- Monolithic Power Systems
- NXP Semiconductors
- Qualcomm
- Renesas Electronics
- Semiconductor Components
- STMicroelectronics
- Texas Instruments
- Toshiba Corporation
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Active Electronic Components Market: Report Scope
| Report Attribute | Details |
| Revenue Forecast in 2032 | USD 535.79 Billion |
| Market size value in 2023 | USD 316.44 Billion |
| Expected CAGR Growth | 6.0% from 2023 – 2032 |
| Forecast Year | 2023 – 2032 |
| Segments Covered | By Product Type, By End Use, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Important Growth Aspects of the Market
Surging popularity of laptops and wearables: The booming popularity of smartphones and wearables and the automation of industrial tasks has resulted in increased active electronics components market demand.
Rapid adoption of MEMS technology: Active electronic components are known for their ability to amplify small electric inputs to generate a higher power output. The rapid adoption of the MEMS (Micro-Electro-Mechanical Systems) technology has given a boost to the active electronic components demand, especially in the automotive and healthcare sectors.
Rapid transformation of the automotive sector: With the growing prevalence of electric vehicles and the rising adoption of several autonomous vehicle technologies like parking assistance, telematics, and navigation, the automotive sector is undergoing rapid transformation. Autonomous vehicle technologies, which make use of active electronic components, are widely used in several vehicle applications.
Growing smartphone usage: A significant rise in consumer smartphone usage is another factor anticipated to drive substantial market growth over the forecast period.
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Market’s Latest Key Trends
Rising demand for 5G infrastructure: The adoption of active electronic components in the production of network & communication equipment for the 5G infrastructure is likely to fuel the active electronics components market growth.
Growing emphasis on integrating electronics: Automotive manufacturers across the globe are focusing on integrating electronics into their automobiles and other products to cater to a large consumer base. Besides, the booming popularity of premium vehicles has a major impact on the industry.
Segmental Overview
- Semiconductor Segment Held the Largest Market Share
By product type, the semiconductor segment accounted for a major active electronics components market share. This is largely because semiconductors play an important role in managing and controlling current flow in electrical equipment. Semiconductors have become an integral part of electronic chips found in computing devices and other electronic equipment like solid-state drives.
Integrated chips (ICs), which are a type of semiconductor device, incorporate multiple diodes, capacitors, and transistors. All these components are incorporated into a single device, resulting in compact circuitry delivering significant performance while taking less power. ICs have a wide range of applications, including phones, routers, and other electronic equipment, owing to their versatility and efficiency.
- Consumer Electronics Anticipated to Hold Substantial Market Share
The growth of the segment can primarily be attributed to the usage of semiconductor devices in numerous electronic products, including phones, digital cameras, wearables, set-top boxes, and gaming devices. In addition, the demand for networking equipment has increased, especially in office automation and home application sectors. The growing requirement for network equipment & other IT devices is anticipated to contribute to increased adoption of such devices, thereby impacting the active electronics components market sales favorably.
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Geographic Overview
Asia Pacific: APAC has established itself as a major production hub for consumer electronics, owing to various favorable factors. These factors include the availability of highly skilled workers, lower labor costs, and increased direct foreign investments. Besides, the introduction of favorable government initiatives to promote electronic component manufacturing and helpful trade agreements with North America and Europe significantly contribute to the region’s growth. Over the forecast period, active electronics components market key players in major APAC nations like India, China, and Vietnam, are anticipated to boost their presence in the semiconductor space to boost their market share.
North America: North America is anticipated to emerge as the fastest-growing region over the forecast period. The region has experienced a notable increase in the adoption of connected cars in recent times. Besides, major telecom companies like AT&T Inc. and Verizon Inc. are making substantial investments to deploy advanced 5G infrastructure that establishes seamless connections between vehicles and the network.
Competitive Landscape
The market for active electronic components is anticipated to experience competition due to the presence of several players. Major players like Intel, Qualcomm, Texas Instruments, and Toshiba Corporation are constantly introducing new upgrades to their technologies to ensure efficiency and integrity and stay ahead of the curve. These players focus on business activities like partnership and collaboration to get a competitive advantage and garner a significant share of the market.
Browse the Detail Report “Active Electronic Components Market Share, Size, Trends, Industry Analysis Report, By Product Type (Semiconductor Devices, Vacuum Tubes, Display Devices), By End-user (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/active-electronic-components-market
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Market’s Common Queries Answered by the Report
- What is the forecasted industry size of the active electronics components market?
- Who are the key players operating in the industry?
- Which region will contribute notably towards the market growth?
- What are the key segments in the market?
- What are the top factors driving the growth of the industry?
- At what CAGR is the active electronics components market anticipated to grow?
- What are the opportunities and challenges faced by players operating in the market?
Polaris Market Research has segmented the active electronic components market report based on product type, end-use, and region:
By Product Type Outlook
- Semiconductor Devices
- Diode
- Transistors
- Integrated Circuits (ICs)
- Optoelectronics
- Vacuum Tube
- Display Devices
- Others
By End Use Outlook
- Consumer Electronics
- Networking & Telecommunication
- Automotive
- Manufacturing
- Aerospace & Defense
- Healthcare
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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