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Active Electronic Components Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC165

Global active electronic components market size was valued at USD 300 Billion in 2021 and is projected to reach the market value of more than USD 600 Billion by 2030, growing at a CAGR of 8.5% during the forecast period from 2022 to 2030.
 
Active Electronic Components Market Overview 
An electronic component refers to a basic physical entity or device in an electronic system which is used for affecting electrons or their associated field. Electronic components have three major types that are active electronic components, electromechanical components and passive electronic components. Active electronic components are the devices having electronic filter and are capable to amplify a signal or to generate a power gain. A usual active electronic component would be a transistor, integrated circuit or an oscillator. These components function as an alternating current circuit in a device that works to generate or increase voltage, active power or current. All of the active electronic components require a source of energy to function, which is usually supplied from a DC circuit.
 
Active Electronic Components Market Drivers
The increasing technical advancements in semiconductor and electronics industry have led to the improvements in applications of these components. Semiconductor devices such as diodes, integrated circuits, transistors, optoelectronic components are used on a large scale. Whereas, display devices such as X-ray tubes, triodes, microwave tubes, cathode ray tubes and photoelectric tools are largely used devices. The key factor that is positively influencing the market growth for active electronic components is the increasing growth for portable devices such as portable displays and portable electronic devices. Furthermore, the demand and need for energy-efficient electrical products and addition of new applications are the factors anticipated to bolster the growth of active electronic components in the coming years.
 
In the past, the use of active electronic components was limited to few applications such as printed circuit boards and consumer electronics; however, the use of these devices has increased in space & satellite technology, automobiles and military applications. The growing trend for the use of hybrid and electric vehicles and rising adoption for renewable energy is propelling the market growth for these devices. Several renewable energy equipment or fixtures comprises devices such as solar turbines, panels and invertors, and these devices further consists active electronic components such as photo-transistors and photodiodes. Moreover, with the innovation and advancement in technology the demand for small mobile devices such as tablets, smartphones and PDA’s has increased, which is resulting in the growing demand for active electronic components. Also, the demand for miniaturized electronic components is propelling with the new developments taking place in wearable devices such as smart wrist bands (fitness bands) and smart watches.
 
Active Electronic Components Market Segmentation
The market for active electronic components is segmented by product type and geography. The product type segment of active electronic components is classified into semiconductor devices, display devices and others. Based on geography, the active electronic components market is segmented into North America, Europe, Middle East, Africa, Asia Pacific and Latin America. The report also offers insights on major countries covered under each of these regions. 
 
Active Electronic Components Market Regional Overview
The market for active electronic components is dominated by the North America owing to the increased adoption for renewable energy sources and smart devices. However, Asia Pacific is expected to surpass the market and in the coming years attributed by rising need and demand for energy-efficient devices and growth in adoption of smartphones particularly, in India and China. 
 
Active Electronic Components Market Players
Some of the prominent key companies operating in the global active electronic components industry include Texas Instruments, Inc., Analog Devices, Inc., Renesas Electric Corporation, Fairchild Semiconductor International, Inc., Maxim Integrated Products Inc., Toshiba Corporation, ON Semiconductor, ST Microelectronics NV, Infineon Technologies AG, Everlight Electronics Co., Ltd., Diotec Semiconductor AG among others.
 


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