PUBLISHER: SkyQuest | PRODUCT CODE: 1448239
PUBLISHER: SkyQuest | PRODUCT CODE: 1448239
Global Active Electronic Components Market size was valued at USD 304.40 billion in 2022 and is poised to grow from USD 324.49 billion in 2023 to USD 541.08 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).
The industry that powers contemporary electronics and propels technical progress is the dynamic and quickly changing the Global Active Electronic Components Market. Various electronic devices rely on active electronic components, including integrated circuits (ICs), transistors, semiconductors, and diodes, to work and perform. In order to satisfy the growing need for electronic components that are faster, smaller, and more efficient across a range of industries, the market for active electronic components was created. Modern technologies, such as wearables, tablets, smartphones, automotive electronics, industrial automation, and medical equipment, cannot be developed without these elements. The market serves as an essential supply chain, supplying the raw materials required to drive innovation and the digital transformation across industries.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Active Electronic Components Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Active Electronic Components Market Segmental Analysis
The Global Active Electronic Components Market segmentation is based on product, end-use, and geography. The market is divided into four product categories: vacuum tubes, display devices, semiconductor devices, and others. The market is divided into the following end-user segments: Automotive, Manufacturing, Aerospace & Defense, Consumer Electronics, Networking & Telecommunication, Healthcare, and Others. The market is divided into Latin America, Middle East and Africa, Asia Pacific, North America, and Europe.
Drivers of the Global Active Electronic Components Market
The market for active electronic components was significantly influenced by the rising consumer demand for smart devices, including tablets, smartphones, smart wearables, and Internet of Things gadgets. For these gadgets to function, active components including semiconductors, integrated circuits, and display devices are essential. For instance, as the market for smartphones grew in 2022, manufacturers adopted cutting-edge semiconductor and display technologies to improve product performance and user experience.
Restraints in the Global Active Electronic Components Market
Supply chain interruptions presented difficulties for the market for active electronic components in 2022. The availability and pricing of components were affected by variables such as natural disasters, trade disputes, shortages of raw resources, and geopolitical unrest. For example, several industries were impacted by interruptions in semiconductor supply chains, which resulted in manufacturing delays and higher costs for electronic products and equipment.
Market Trends of the Global Active Electronic Components Market
In 2022, active component integration and miniaturization remained major trends. Compact and integrated component development was prompted by the need for electronic devices that were both more powerful and smaller. For instance, improvements in semiconductor technology made it possible to combine several tasks onto a single chip, leading to the creation of smaller and more effective integrated circuits (ICs).