Active Electronic Components Market Research Report Size &
The Active Electronic Components Market was estimated around USD 274 billion in 2020 and is expected to grow at a CAGR of 9.6% over the forecast period (2021-2028).
The factors driving growth of the Active Electronic Components Market includes increasing demand for consumer electronic products such as smartphone, laptops and tablets, expansion of 5G network infrastructure around the world, rising application of active electronic components in electric vehicles and autonomous cars and improvements in the living standards. For instance, the number of smartphones sold globally have increased from 1351.80 million units in 2020 to 1,433.9 million units in 2021, which is expected to accelerate the Active Electronic Components Market share in the approaching years. Moreover, growing focus of companies on streamlining operational processes through remote monitoring, increasing deployment of connected devices in manufacturing facilities, rise in Government’s expenditure on the construction of smart cities and rapid urbanization, are some of the additional factors supplementing the Active Electronic Components Market size. In addition, the increasing investments by major companies on research, strategic mergers, and acquisitions between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Active Electronic Components Market is hindered due to high maintenance cost of semiconductor devices.
The prominent players operating in the Active Electronic Components Market includes NXP Semiconductors N.V., Toshiba Corporation, Panasonic Corporation, STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments Incorporated, Taiwan Semiconductor Manufacturing Company Limited, Analog Devices, Inc., ON Semiconductor Industries, LLC, and Diotec Semiconductor AG, among others.
Based on Devices, the Semiconductor Devices segment is predicted to grow at a significant CAGR during the forecast period
As per the Active Electronic Components Market Forecast, growing adoption of semiconductor devices in mobile phones, Personal Computers (PCs), and smart home appliances, is pushing growth of the segment.
Based on End-User, the Automotive segment is projected to expand at a robust CAGR over the forecast period
Growing adoption of advanced safety systems in cars and rising popularity of electric vehicles, are pushing growth of the segment.
Based on Region, the Asia-Pacific region is expected to expand at a fastest CAGR during the forecast period
Government policies promoting the manufacturing of electric vehicles, growing demand for wearable electronics, increasing use of active electronic components in healthcare industries, rapid urbanization, and high population growth rates, are factors driving the market growth in Asia-Pacific region.
Segmentation by Product
Segmentation by End-User
Segmentation by Region
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