Active Electronic Components Market 2027 Size, Share, Market Trends, Business Revenue Forecast Statistics and Growth Prospective | Impact of COVID-19

 Market Highlights

The global active electronic component market holds the potential to attain a CAGR of 10% during the forecast period (2016-2022), believes Market Research Future (MRFR). The market for active electronic can touch a valuation of USD 330 billion by the end of 2022, adds MRFR.

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 has been carefully studied by MRFR and has been narrowed down to segments like product type and end-users.

Considering the product type segment, the market includes optoelectronic devices, integrated circuits, semiconductor devices, vacuum tubes, display technologies, and others. The integrated circuits had been the leading segment, valued at USD 76.96 Billion in 2016. The segment shows signs of achieving a growth rate of 11.42% in the following years.

The end-users in the active electronic components market are healthcare, information technology consumer electronics, aerospace & defense, automotive, and others. The consumer electronics sector controls the largest share in the global active electronic components market, thanks to the surging demand for smart devices along with the growing disposable incomes in developing countries. As a result, the consumer electronics segment can attain a CAGR of 11.95% during the review period, and its value in 2016 was estimated at USD 73.5 Billion.

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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Global Active Electronic Components Market research report by product type (semiconductor devices, optoelectronic devices, display technologies), end-users (consumer electronics, healthcare, automotive) –Forecast till 2022

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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