Active Electronic Components Market Size to grow by USD 110.46 billion between 2023-2027
According to a research report “ Active Electronic Components Market” by End-user (Consumer electronics, Networking and telecommunications, Automotive, Manufacturing, Others) Product (Semiconductor, Vacuum tube, Display devices) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 110.46 billion, at a CAGR of 6.81% during the forecast period. In the realm of business and technology, the Internet of Things (IoT) represents a network of interconnected devices or objects, outfitted with electronics, software, sensors, and network capabilities. IoT technology empowers these devices to collect, record, and transmit data in real-time to other computing devices via wired or wireless communication channels. The market for IoT devices is fueled by advancements in communication technologies and telecommunication standards like 4G/5G, government initiatives promoting energy-efficient systems, and the advent of Human-Machine Interface (HMI) technologies. IoT devices incorporate semiconductor ICs, which integrate memory, microcontrollers, wireless connectivity, sensors, and various analog and digital components. The expanding applications of IoT will lead to a surge in demand for IoT chipsets, which are essential components of IoT devices..
Browse market data tables, figures, and in-depth TOC on “Active Electronic Components Market” by End-user (Consumer electronics, Networking and telecommunications, Automotive, Manufacturing, Others) Product (Semiconductor, Vacuum tube, Display devices) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample
By End-user, the Consumer electronics segment is projected to dominate the market size in 2024
In the realm of consumer goods, electronic devices, also recognized as home electronics or black goods, hold a significant market share. These devices are essential for entertainment, communication, and recreational activities within households. With advancements in technology, consumer preferences lean towards larger television screens and compact electronic components. Companies are responding to this trend by producing high-performing and user-friendly gadgets to cater to the increasing demand from consumers. The consumer electronics market is witnessing a surge in growth due to the continuous innovation and miniaturization of electronic components.
By Product, Semiconductor segment is expected to hold the largest market size for the year 2024
In the dynamic global active electronic components market, semiconductors hold a pivotal position, fueling growth through their integration into high-performance consumer electronics, such as smartphones, laptops, and gaming consoles. These devices offer enhanced processing capabilities, expanded data storage, and improved connectivity. Furthermore, the industrial and automotive sectors are witnessing a surge in automation, robotics, and IoT applications, driving semiconductor demand. The rollout of 5G technology and the increasing focus on electric vehicles are additional catalysts for semiconductor market expansion. Market leaders, like Qualcomm, invest heavily in research and development to introduce advanced products, maintaining their dominance in the competitive semiconductor landscape.
APAC is forecasted to hold the largest market size by region in 2024
The active electronic components market in the Asia-Pacific (APAC) region is projected to exhibit robust growth during the forecast period. China, being a significant contributor to the market revenue, leads the APAC active electronic components market. The primary drivers of this market growth include the burgeoning demand from end-user industries such as automotive, aerospace, electronics and electrical, and others, particularly in developing countries like China and India. Furthermore, the increasing disposable income of consumers in these countries is anticipated to fuel the demand for automobiles, electronics, and electrical devices, thereby propelling the market expansion.
The Active Electronic Components Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The electronic components market is witnessing significant growth due to the increasing demand for advanced electrical devices such as audio players, mobile phones, and laptops. The semiconductor segment, which includes ICs and solid-state storage, is a major contributor to this market. The integration of 5G infrastructure in consumer electronics is driving the demand for smaller, more efficient components. In electrical devices, current flow is facilitated through conductors, while insulators prevent the flow. Mobile phones and wearable devices rely on DC circuits as their primary energy source, while AC circuits power larger devices like laptops and connected appliances. The automotive industry is also a significant consumer of electronic components. The use of electrical input signals in navigation, telematics, safety airbags, parking assistance, and autonomous vehicle technologies is driving the demand for advanced components. Audio players, mobile phones, laptops, and wearable devices all require various types of ICs and semiconductors. These components convert electrical input signals into the desired output, such as sound or visual displays. In summary, the electronic components market is expanding due to the increasing demand for advanced electrical devices in various industries, including consumer electronics and automotive. The integration of 5G infrastructure, the need for smaller, more efficient components, and the growing popularity of connected devices are key factors driving market growth.
Market Research Overview
The Active Electronic Components Market is witnessing significant growth due to the increasing demand for sensing devices in various industries. Sensing devices, such as those based on MEMS technology, require modular architecture and advanced components like electrochemical transistors, amplifiers, and capacitors. These components are made of precious metals like Ruthenium, Palladium, Molybdenum, Nickel, and Iron, which are subject to supply chain issues due to fluctuations in the precious metal market. Silicon remains a key semiconductor substance in the production of amplifiers, ICs, and other electronic components. The miniaturization of electronic equipment, driven by mobility, connectivity, and digitalization, is leading to the development of new components like vacuum tubes, inductors, and resistors. The semiconductor segment, which includes transistors, diodes, and semiconductors, is a major driver of the active electronic components market. The automotive industry is a significant consumer of these components, with smart connected automobiles and electric vehicles requiring integrated circuits, capacitors, and other electrical devices for navigation, telematics, safety airbags, parking assistance, and autonomous vehicle technologies. The communications sector, including routers, audio players, mobile phones, televisions, and computers, also drives demand for active electronic components. The healthcare industry and industrial automation are other major consumers, with wearable devices, laptops, and connected devices requiring various components for current flow, voltage, and power management in DC and AC circuits.
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