Active Electronic Components Market - Size, Trends, Growth, Industry Analysis, Share And Forecast To [TOP]
The global active electronic components market size was valued at US$ 299.22 billion in 2021 and is expected to reach over US$ 650.25 Bn by 2030, expanding growth at a notable CAGR of 9.01% from 2022 to 2030.
Active Electronic Components Market - Size, Trends, Growth, Industry Analysis, Share and Forecast to
Active electronic components are devices that can amplify a signal and feature an electronic filter for power gain. An oscillator, integrated circuit, or transistor is examples of active electronic components. These components work in a device to enhance or generate voltage, active power, or current as an alternating current circuit. The global active electronic components market is growing rapidly and will continue to do so in the coming years. In an electronic system, an electronic component is a simple physical device or object that affects electrons or their associated field. The increased need for high transfer speeds with reduced idle time among customers has enabled telecom administrators, particularly in emerging nations such as India, to deliver a cutting-edge 5G business framework. As a result, curiosity in new information technology and telecom hardware will grow, increasing item reception.
Increasing demand for electronic products with high energy efficiency for emerging applications such as military, satellite, aerospace, and automotive has accelerated the demand for active electronic components market at a rapid pace. Earlier, active electronic components were only used for printed circuit boards and consumer electronics. Rising trend for electric vehicle and hybrid vehicles coupled with increasing focus towards the application of renewable energy predicted to fuel the market growth prominently in the coming years. Several renewable energy fixtures consist of devices like inverters, solar panels, and turbines. These devices are further made up of active electronic components such as photo-transistors and photodiodes.
With the advent of IoT and smart devices, demand for flexible and miniaturized electronic component has risen significantly over the past few years. Further, the fuelling demand for smartphones and other smart handheld devices such as tablets and PDAs are projected to propel the global active electronic components demand prominently during the forecast period.
Printed circuit boards and consumer electronics were once the sole places where active electronic components were used. However, the military, space & satellite technologies, and vehicle applications have all seen an increase in the use of these gadgets. The market for active electronic components is developing due to increased use of renewable energy and a growing trend toward the use of electric and hybrid cars. UPS and invertors, panels, and solar turbines are only a few examples of renewable energy fixtures or equipment. Photodiodes and photo-transistors are examples of active electronic components.
Smartphones and other wearable gadgets, as well as industrial automation, have boosted demand for active electronic components. The active electronic components market is boosted by rising demand for active electronic components from the automotive and healthcare industries, as well as rising technology usage. The deployment of active electronic components has accelerated as vehicle modernization and demand for technologically advanced automobiles has increased. The market's growth is fueled by the increasing use of active electronic components in consumer products and wearables, as well as the increasing usage of renewable energy resources. The rising use of active electronic components in connected devices is driving active electronic component adoption around the world.
The costs of the raw resources required to produce this energy are volatile. They change dramatically from one day to the next, and even throughout the day. In addition, the cost of labor also adds to the final cost of the product. This is a major impediment to the active electronic components market's expansion.
Semiconductor devices held nearly half of the revenue share in the global active electronic components market in the year 2021 and analyzed to witness robust growth during the forecast period. The growth of the segment is mainly due to on-going product innovation along with rising demand for energy efficient devices in the market. The semiconductor devices segment is further bifurcated into transistors, diodes, optoelectronic components, and integrated circuits. Out of these, integrated circuits held significant revenue approximately USD 90 Bn in 2019, attributed to the robust rise in demand for integrated circuits incorporated with state of art devices such as vehicle automation systems, laptops, and network devices among others. The significant adoption of semiconductor devices across a variety of applications, including household appliances, personal computers, mobile phones,and network equipment, is credited with the segment's rise. In addition, the current trend of shrinking and the development of energy-efficient systems is boosting demand for semiconductor devices and related components.
North America held the dominant position in terms of revenue in the global active electronic components market in 2021. The federal government of the U.S. is heavily investing in the creation of smart cities around the country. The growth is majorly attributed to the rising adoption of micro-electromechanical systems (MEMS) and renewable energy resources. In addition, the increasing demand for portable electronic devices in the region contributes as the key driver for the growth of active electronic components market. Apart from this, burgeoning trend for connected cars and smart homes in the U.S. has opened up new opportunities for the telecom operator in the region to invest huge amount for the deployment of 5G network infrastructure. For instance, in April 2020, AT&T announced investment of USD 5 Bn in the first quarter of 2020 only for expanding 5G network.
Meanwhile, the Asia Pacific seeks to be the most opportunistic region and projected to supersede North America during the forecast period. The region is expected to witness a CAGR of nearly 10.8% over the forecast period. The growth is mainly driven by the presence of huge consumer electronics market in the region. As per a research conducted by the European Council in 2017, China exhibits lucrative growth of 36-38% in the consumer electronics market in 2017. Along with this, China is the largest producer and exporter of consumer electronic products worldwide. Lucrative features and new technologies have transformed the consumer electronics product and thus flourishing the demand for active electronic components market in the region.
The global active electronic components market is fragmented and highly competitive in nature owing to presence of several global along with regional players in the market. The prime strategies adopted by the market players to secure their market position are global expansion, and merger & acquisition to reach out to maximum customers with variable needs. For instance, in June 2020, Diotec Corporation announced to expand its global presence by opening new production facilities worldwide. Similarly, on July 2016, Infineon Technologies AG announced to acquire RF power and Wolf speed Power divisions of Cree Inc. The agreement helped Infineon to strengthen its footprint in semiconductor industry. With this acquisition, the Company has entered into the list of leading suppliers of power and RF power solutions in emerging markets such as renewables, electro-mobility, and next-generation 5G infrastructure relevant for IoT. The company has also established new sales offices in Singapore and South Korea. Furthermore, increasing investment in the active electronic components market has forced market players to develop more effective and attractive components.
Global active electronic component market estimates revenue and its growth trend at global, regional, and country levels and offers a comprehensive study of the cutting-edge industry trends in every of the sub-segments from 2017 to 2030. This research study classified global active electronic components market on the basis of product type, and region:
Electrical components that are packaged in a discrete form with two or more wire leads or metal studs are called electronic components. The electrical components are connected to the printed circuit board by soldering, thus creating an electronic circuit board having functions such as an amplifier, a radio receiver or an oscillator. Electronic components are industrial products used to influence electronics in electronic systems. These electronic components are divided into different types of active components, passive components and electromechanical components. Active components are components that generate energy in the form of current or voltage, while passive components are components that store energy in the form of current or voltage. Active electronic components include semiconductor devices, display devices and the like. Various semiconductor devices including diodes, transistors, integrated circuits and optoelectronic components The continuing trend of automation in the automotive industry has increased the demand for various electronic devices, such as driver assistance systems, DC / AC converters, controllers and power integration devices, telematics and global positioning systems (GPS).
North America has been the market leader so far and is expected to remain dominant in future in the global Electronic Component market owing to the huge demand for security systems and business intelligence that has driven the growth of the market for electronic components in this region. Additionally, the growing popularity of renewable energy and micro-electromechanical systems (MEMS) has spurred growth in the region. At the same time, the growing popularity of portable electronic devices will continue to be the main driver of the active electronic components market in North America. According to a survey in 2017, 88% of American respondents indicated that they use PCs / laptops in a professional or personal way. As per center for climate and energy solutions, solar energy production (including distributed generation) is projected to grow from 11% of total US renewable energy production in 2017 to 48% in 2050, making it the source of energy for growth the fastest, which will increase the demand for electronic components. Growing economies in the Asia-Pacific region, such as India and China, have increased spending on Defense for state-of-the-art warfare systems as well as high-tech missiles which requires electronic components, thereby creating opportunities for market growth in APAC region as well. 350c69d7ab