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| Active Electronic Components Market Growth |
The active electronic components market involves manufacturing of active
electronic devices like transistors, diodes, integrated circuits etc. These
components have applications in various end use industries including consumer
electronics, automotive electronics, industrial electronics, healthcare,
military & aerospace. The rising demand for electronic gadgets like
smartphones, laptops, tablets etc. is fueling the need for active electronic
components in consumer electronics. Other advantages of active electronic
components include compact size, high performance and reliability.
The Global active electronic components market is
estimated to be valued at US$ 661.18 Bn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the Active
Electronic Components Market Growth are Infineon Technologies AG,
Advanced Micro Devices, Inc., STMicroelectronics N.V., Microchip Technology,
Inc., Analog Devices, Inc., Broadcom Inc., NXP Semiconductors N.V., Intel
Corporation, Monolithic Power Systems, Inc., Texas Instruments Incorporated,
Qualcomm Inc., Renesas Electronics Corporation, Semiconductor Components
Industries, LLC, and Toshiba Corporation. These players are focusing on new
product launches, strategic collaborations and agreements to gain competitive
edge in the market.
The key opportunities in the active electronic components market include
growing demand for IoT devices and autonomous vehicles. IoT connected devices
require active electronic components for various functions like sensing,
computing, connectivity etc. Similarly, autonomous vehicles heavily rely on
active components for advanced driver assistance systems, navigation,
infotainment and autonomous driving capabilities.
The active electronic components market is expanding globally with companies
focusing on geographic expansion into emerging economies of Asia Pacific, Latin
America, Middle East and Africa. This is attributed to factors like growing
electronics manufacturing activities and increasing adoption of electronic
products in these regions. International players are setting up local
manufacturing facilities to cater to the rising local demands.
Market drivers: Growing adoption of consumer electronics is a key driver as
smartphones, laptops, tablets and home appliances require active components.
Increasing investments in automation across industries is also fueling demands.
Market restraints: Volatility in raw material prices impacts component
manufacturing cost. Environmental concerns over electronic waste generation can
negatively impact market growth to some extent over long run.
Segment Analysis
The Active Electronic Components market is dominated by micro components which
accounts for more than 30% share owing to increasing demand for integrated
circuits, processors and sensor technologies. Semiconductors also holds a
significant share in the market as it is used across various end use industries
like consumer electronics, automotive, healthcare etc. Memory components is
emerging as a promising segment, supported by rising adoption of AI
technologies and data centers. DRAM and flash memory devices contributes
majorly to this segment.
Global Analysis
North America holds the major share in the Active Electronic Components market
due to presence of large consumer electronics and industrial automation
industry in the region. Growth in automotive and healthcare sectors are also
driving demand. Asia Pacific is expected to witness the highest growth during
the forecast period. Rapid industrialization and economic development in
countries like China and India is propelling market expansion. Increasing
electronics manufacturing and adoption of industrial automation technologies
will augment the regional market. Latin America and Middle East & Africa
offers untapped growth opportunities for market players.
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