Market Highlights:
The global market for active electronic components is set to expand at a striking growth rate during the forecast period (2016-2022), forecasts Market Research Future (MRFR). In simple words, active electronic components control the flow of electricity, with printed circuit boards having at least one of them. Some examples of AEC are transistors, vacuum tubes, silicon-controlled rectifiers (SCRs). In the past few years, technological advancements in electronics and semiconductor industry have increased the number of applications for active electronic components. The demand for electronic components is steadily increasing due to global demand in information and communication technology (ICT) market for smart phones and other wearable devices. Moreover, growing global concerns for energy efficiency have propelled the need for energy efficient active electronic components.
Key Findings
By product type, Integrated circuits is dominating the market with revenue USD 76.96 Billion in 2016 and is expected to grow with 11.42% CAGR.
By end-users, consumer electronics is dominating the market and has generated USD 73.5 Billion in 2016 and is expected to grow at 11.95% CAGR.
Geographically, North America region has been projected to hold the largest market share in global active electronic components market followed by Europe region, while Asia Pacific is expected to drive the market in coming years.
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Major Key Players:
- Hitachi AIC Inc. (Japan),
- Infineon Technologies AG (Germany),
- Texas Instruments, Inc. (U.S),
- Analog Devices, Inc. (U.S.),
- NXP Semiconductors N.V. (Netherlands),
- Panasonic Corporation (Japan),
- Toshiba Corporation (Japan),
- STMicroelectronics (Switzerland),
- Renesas Electric Corporation (Japan)
- Maxim Integrated (U.S.)
Analog Devices Inc (USA), manufacturer of mixed-signal ICs for cable access has expanded its global headquarters in Wilmington by expanding its facility. The expanded facility will feature laboratories; design and manufacturing along with cross-functional group collaboration space. The facility up-gradation will help provide more modern, latest technological and work design advances, resulting in further improved products. Analog devices are a type of active electronic components, used to convert and process light, sound, temperature, motion, and pressure into electrical signals.
According to MRFR, the Active Electronic Component Market is growing at 8% of CAGR and is expected to reach at USD ~387 billion by the end of forecast period.
Industry Scenario
The demand for electronic components is increasing globally at a rapid pace. This is, to a considerable extent, due to global demand in ICT market for smartphones and other wearable devices, and the dramatic growth for smart automobiles, industry machinery and infrastructure. It is predicted that the Internet of Things (IoT) will add tens of billions of new nodes or units on the Internet. The new units will include sensors, data storage devices, computers, and related infrastructure. IoT will let them all interact with each other and be integrated into software systems and networks.
The advancements in active electronic components have given rise to Micro-electro-mechanical systems (MEMS). Fast forward to today and it’s hard to avoid MEMS technology. Mobile phones are an obvious example – housing motion sensors, gyroscopes microphones and speakers – while automotive MEMS can also be found in braking systems, emissions control and navigation. And opportunities for MEMS devices are appearing in many other applications, such biomedical sensors and drug delivery systems. It could be argued that wearable devices wouldn’t have taken off without the benefit of MEMS.
Managing the cost of raw materials remains a top priority for manufacturers. Although the cost of raw materials used in manufacturing has eased somewhat since hitting a historic, mid-recession peak in 2015, the raw materials market remains volatile both in the United States and abroad. Manufacturers continue to be concerned about coping with these pricing fluctuations, and many firms are seeking new ways to mitigate risks associated with raw materials instability.
Segmentation:
The global are segmented on the basis of product type and end-users. On the basis of product type the segment is further classified into semiconductor devices, optoelectronic devices, display technologies, vaccum tube and others. On the basis of end-users the segment is further classified into consumer electronics, healthcare, automotive, aerospace & defense, information technology and others.
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Regional Analysis:
The regional analysis of active electronic components market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in active electronic components market due to the huge demand of security system and business intelligence which is propelling the market growth of active electronic components. 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. Asia Pacific countries like China, India and Japan are ahead in the in Active Electronic Components market due to increasing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization and many more.
Intended Audience:
- Electronic component manufacturers
- Research organizations
- Original equipment manufacturers
- System Integrators
- network equipment vendors
- chipset vendors
- software/application providers
- user equipment manufacturers
- network infrastructure integrators
- Government Organizations
- Research/Consultancy firms
For More Information, Browse Press Release of “Active Electronic Components Market” @ https://www.marketresearchfuture.com/press-release/active-electronic-component-market
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