Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR71643

  • US Active Electronic Components Market Growth and Trends (2024-2028)

    The active electronic components market size is forecast to increase by USD 125.3 billion at a CAGR of 6.78% between 2023 and 2028. The market's growth is influenced by various factors, such as the rising demand for IoT devices, which drives the growth of active components, semiconductors, transistors, integrated circuits, amplifiers, oscillators, diodes, power management solutions, sensors, and microcontrollers. Additionally, there's a growing need for renewable energy sources, further stimulating market expansion. These factors collectively contribute to the market's upward trajectory, reflecting the increasing reliance on IoT technologies and the shift towards sustainable energy solutions. Moreover, the proliferation of connected devices and the Internet of Things (IoT) has significantly increased the demand for semiconductor devices. This trend is expected to continue as more industries and applications adopt IoT platforms. Additionally, the growing focus on renewable energy sources to mitigate environmental concerns is driving the demand for energy-efficient semiconductor devices, further propelling market growth.

    Global active electronic components market 2024-2028

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    Market Segmentation

    By End-User

    • Consumer Electronics
    • Networking and Telecommunications
    • Automotive
    • Manufacturing
    • Others

    By Product

    • Semiconductor
    • Vacuum Tube
    • Display Devices

    By Region

    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

    End-User Insights

    The consumer electronics segment will experience significant growth during the forecast period. The market includes circuits that convert electrical input signals into functional outputs, powering connected devices such as laptops, wearable devices, and industrial automation systems. The healthcare sector and MEMS technology rely on semiconductors, diodes, transistors, and ICs to enhance operational efficiency.

    In the automotive sector, ICs play a crucial role in electric vehicles (EVs), autonomous driving technologies, parking assistance, safety airbags, telematics, navigation systems, and 5G infrastructure. The semiconductor segment supports solid-state storage, resistors, capacitors, and energy-efficient components, contributing to the expansion of consumer electronics, smart devices, and industrial automation systems.

    Market Dynamics

    Key Market Drivers

    • Growth of the Semiconductor Industry: The rising adoption of IoT devices, laptops, wearable technology, and industrial automation platforms fuels the demand for semiconductors, diodes, transistors, and ICs. These components are also integral to 5G infrastructure and smart automotive technologies.
    • Rising Adoption of IoT Technologies: The expansion of connected devices and autonomous systems across industries is driving the demand for power-efficient electronic components.
    • Increasing Focus on Renewable Energy: The push for energy-efficient semiconductor solutions is accelerating the adoption of eco-friendly power management technologies.

    Market Trends

    • Growing Investments in Smart Cities: Semiconductors, diodes, transistors, and ICs are widely used in smart city infrastructure, including automated public transport, smart grids, and energy-efficient buildings.
    • Advancements in Automotive Electronics: The automotive industry is integrating next-generation semiconductor components for EV battery management, safety systems, and in-vehicle computing.
    • Expansion of 5G Networks: The deployment of 5G infrastructure is fueling demand for high-speed data processing and connectivity solutions, increasing the need for advanced semiconductor components.

    Market Challenges

    • Design Complexity Due to Miniaturization: As electronic components become smaller and more efficient, manufacturers face challenges related to cost efficiency, production scalability, and long-term durability.
    • Pricing Pressures in a Competitive Market: The abundance of suppliers offering similar products has intensified price competition, making profitability a key challenge for market players.
    • Supply Chain Constraints: Raw material shortages, fluctuating prices, and production delays impact manufacturers' ability to meet rising demand for electronic components.

    Market Research Overview

    The active electronic components market includes a wide range of semiconductors, transistors, integrated circuits (ICs), and diodes. These components play a crucial role in power management, voltage regulation, and signal processing. The increasing demand for oscillators, sensors, operational amplifiers, and field-effect transistors (FETs) is driving technological advancements across industries. Innovations in bipolar junction transistors (BJTs), MOSFETs, thyristors, and switching regulators are enhancing power efficiency and circuit design.

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    Key Players in the Active Electronic Components Market

    The competitive landscape features key companies focusing on strategic alliances, acquisitions, and innovations in semiconductors, power management, and circuit technologies.

    • Advanced Micro Devices Inc.
    • Analog Devices Inc.
    • Broadcom Inc.
    • Diotec Semiconductor AG
    • Everlight Electronics Co. Ltd.
    • Infineon Technologies AG
    • Intel Corp.
    • KYOCERA Corp.
    • Microchip Technology Inc.
    • Monolithic Power Systems Inc.
    • Murata Manufacturing Co. Ltd.
    • NXP Semiconductors NV
    • ON Semiconductor Corp.
    • Panasonic Holdings Corp.
    • Qualcomm Inc.
    • Renesas Electronics Corp.
    • STMicroelectronics International N.V.
    • Texas Instruments Inc.
    • Toshiba Corp.
    • Vishay Intertechnology Inc.

    Recent Developments

    • November 2024 – Texas Instruments introduced a new series of active electronic components for electric vehicles (EVs), improving power management and battery efficiency.
    • October 2024 – Analog Devices launched a next-generation power amplifier designed for 5G applications, featuring advanced signal processing capabilities.
    • September 2024 – Infineon Technologies unveiled a new range of microcontrollers for industrial automation, improving processing power and connectivity.
    • August 2024 – NXP Semiconductors introduced automotive safety-integrated circuits (ICs) to enhance in-vehicle electronics and safety systems

    Research Analysis Overview

    The market is witnessing rapid digital transformation, with analog and digital ICs playing a key role in smart devices, industrial automation, and automotive applications. Optoelectronic components and signal processors are improving data transmission speeds, connectivity, and energy efficiency. The shift toward miniaturized and high-performance electronic components is shaping the future of consumer electronics, telecommunications, and automotive industries.

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