The global active electronic components market size is expected to surpass US$ 747.59 Bn by 2032 from USD 326.12 billion in 2022 with a CAGR of 8.7% over the forecast period 2023 to 2032.
Key Takeaways:
- By product, the semiconductor segment has accounted revenue share of over 57.7% in 2022 and it is growing at a CAGR of 7.2% during the forecast period.
- ICs sub-segment of semiconductor devices has generated revenue share of 55.4% in 2022.
- By end-user, the consumer electronics segment has captured revenue share of 31.2% in 2022 and growing at a CAGR of 7.1%.
- The automotive segment is expected to grow at a CAGR of 7.3% over the forecast period.
- Asia Pacific accounted highest revenue share of over 54.6% in 2022.
- North America is expected to grow at a CAGR of 6.3% during the forecast period.
Active electronic components require an energy source to operate, typically in the form of direct current. They can control and manipulate the flow of electricity through them. Generally, every electronic circuit consists of one active electronic component. Some of the active electronic components include transistor, diode, triodes, optoelectronic components, photoelectric tubes, and integrated circuits among others. Integrated circuits are the most demand active electronic component owing to its large number of applications such as electronic devices, microphones, smartphones, and many others. Furthermore, significant number of technological developments in the integrated circuits has made it most lucrative such as flexible ICs and multi-layered ICs.
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Growth Factors
The rising trend for autonomous vehicles is propelling the demand for various electronic devices, such as DC to AC converter, driver assistance system, power integrated devices, controllers, Global Positioning Systems (GPS), and telematics among others. These devices are largely used in autonomous and electric vehicles. In addition, the government initiative to spur the adoption of electric vehicle for the reduction in carbon emission has driven the demand for active electronic components across the world. Governments of several regions such as U.S., Europe, China, and India are adopting low carbon emission vehicles to reduce the stress on environment.
Moreover, rising penetration of IoT for the digitization has further transformed the electronics market. Today, consumers prefer smart and connected solutions to access the ease in controlling and monitoring their devices. These aforementioned factors are projected to boost the demand for active electronic components significantly in the coming years.
Regional Snapshots
North America is the major revenue generator in 2019 and expected to grow with rapid pace during the forecast period. With the explosive growth in connected cars, telecom providers such as AT&T and many other telecom companies have shifted their focus from tradition network towards 5G network infrastructures. The next-generation mobile network analyzed to offer seamless connectivity to vehicles. Besides this, prominent spending in smart city projects by the U.S. government offer huge opportunity for the growth of active electronic components market. In November 2016, the U.S. government announced to append approx. US$ 160 Mn for the smart city initiative over the next five years.
The Asia Pacific offers lucrative growth over the forecast period owing to presence of leading consumer electronics manufacturers such as BBK electronics, Xiaomi Corporation, Samsung Electronics Co., Ltd., and many others. Moreover, the rising demand for industrial automated systems such as Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLCs), and other automated solutions that are designed using various electronic components. Aforementioned factors projected to trigger the market growth in the region.
Report Scope of the Active Electronic Components Market
| Report Highlights | Details |
| Market Size in 2023 | USD 352.87 Billion |
| Market Size by 2032 | USD 747.59 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 8.7% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Regional |
Report Highlights
- North America dominated the global active electronic components market in 2019. The prime factor contributing to its revenue growth is early adoption of new technologies such as vehicle automation system, hybrid and electric cars, and smart home devices.
- The Asia Pacific is the most lucrative region for the active electronic components market and seems to register the fastest growth over the forecast period. The explicit growth of the region is primarily due to significant consumer electronic market in the region. China, India, Japan, and South Korea expected to encounter attractive demand for consumer electronic product in the region.
- Semiconductor devices segment held the maximum revenue share of early 50% in the global active electronic components market in 2019. The growth is mainly attributed to the lucrative demand for integrated circuits owing to advent of 5G network infrastructure and other rapid technologies in the coming years.
Recent Developments
- In January 2023, The HiRel DC-DC converter business of Infineon, comprising its hybrid and custom board-based power products, has been definitively agreed to be acquired by Micross Components, Inc. (“Micross”), according to an announcement from Infineon Technologies AG. This sale will allow Infineon to decrease its emphasis on companies that need more specialized product offerings for the high-reliability market and increase investments, and its attention on core semiconductor advancements for that market.
- In December 2022, In western Japan’s Hyogo Prefecture, Toshiba revealed that it is going to build a new manufacturing facility for power semiconductors at the Himeji Operations. Production is expected to begin in the spring of 2025 once construction begins in 2024. In comparison to fiscal 2022, the project will almost treble Toshiba’s Himeji manufacturing capabilities for automotive power semiconductors.Infineon Technologies AG announced in July 2016 that it would acquire Cree Inc.’s R.F. power and Wolf speed Power divisions. Infineon was able to strengthen its position in the semiconductor business as a result of the agreement.
- NXP Semiconductors N.V. announced the SR100T, a secure fine-ranging chipset, in September 2019. This chipset is primarily developed to deliver very accurate positioning performance for next-generation Ultra-Wide Band (UWB)-enabled mobile devices.
- Infineon Technologies AG purchased Cypress Semiconductor Corp. in June 2019 to expand its product portfolio and market position.
- In December 2022, Texas Instruments, a market pioneer in high-voltage semiconductor products, revealed that the newest 65-W laptop power adapter, Le Petit, by Chicony Power will be powered by TI’s integrated gallium nitride (GaN) technology. Chicony Power and TI worked together to develop a design that reduced the size of Chicony’s energy converter by 50% and increased efficiency by up to 94% while utilizing TI’s LMG2610 half-bridge GaN FET with an integrated gate driver.
Read Also: Fiber Optics Market Size to Garner US$ 12.63 Billion by 2032
Key Players & Strategies
The global active electronic components market is highly fragmented and competitive with the presence of large number of global and regional players. The market players are significantly engaged in the technological advancement, regional expansion, and merger & acquisitions to retain their footprint in the global market. Furthermore, the market is highly vulnerable for the new market entrants that build pressure on the existing market players to come up with new and attractive components. Apart from this, brand name plays a significant role in the choice of active electronic component market player as it provides assistance to its consumers from quality and pricing view.
Some of the prominent players in the active electronic components market include:
- Infineon Technologies AG
- Fairchild Semiconductor International, Inc.
- Maxim Integrated Products Inc.
- Texas Instruments, Inc.
- Analog Devices, Inc.
- ST Microelectronics NV
- Diotec Semiconductor AG
- ON Semiconductor
- Toshiba Corporation
- NXP Semiconductors NV
- Everlight Electronics Co., Ltd.
- Vishay Intertechnology, Inc.
- Renesas Electric Corporation
- Panasonic Corporation
Segments Covered in the Report
By Product
- Semiconductor Devices
- Transistors
- Diodes
- Optoelectronic Components
- Integrated Circuits
- Display Devices
- Cathode-ray Tubes
- Microwave Tubes
- X-ray Tubes
- Triodes
- Photoelectric Tubes
- Optoelectronic
- Vacuum Tubes
- Others
By End User
- Consumer electronics
- Healthcare
- Automotives
- Aerospace and defense
- Information Technology
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
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