Active Electronic Components Market

The Global Active Electronic Components Market: Growth and Insights

Market Size and Growth

As of 2023, the global active electronic components market boasts a substantial valuation of USD 343.59 billion. Projections indicate that this figure is set to soar, reaching an impressive USD 642.38 billion by 2032. This remarkable expansion is attributed to a noteworthy Compound Annual Growth Rate (CAGR) of 7.2%, spanning from 2023 to 2032.

The active electronic components market is a dynamic and rapidly growing industry, with a wide range of products and applications. Active electronic components include transistors, diodes, operational amplifiers, and other devices that require a power source to function. These components are essential for a wide range of electronic devices, from smartphones and tablets to medical equipment and industrial machinery.

One of the key drivers of growth in the active electronic components market is the increasing demand for energy-efficient devices. As consumers and businesses look for ways to reduce their energy consumption and environmental impact, the demand for active electronic components that can help achieve these goals is growing rapidly.

Understanding Active Electronic Components

Active electronic components are those with the capacity to amplify, switch, or store electronic signals. They rely on an external power source for operation and find applications across various sectors, including telecommunications, automotive, industrial automation, and consumer electronics. Some common examples encompass transistors, diodes, operational amplifiers, and microprocessors.

Key Growth Drivers

The surge in demand for advanced consumer electronics and smart devices stands as a pivotal growth driver. The rapid proliferation of smartphones, tablets, wearables, and IoT devices necessitates active electronic components like microprocessors, integrated circuits, and sensors.

Additionally, the pervasive adoption of automation and digitalization across industries fuels demand. Sectors such as automotive, healthcare, industrial, and aerospace require active electronic components for control systems, power management, and communication.

Advancements in semiconductor technologies, marked by miniaturization and enhanced integration capabilities, also contribute to market growth. These developments yield smaller, more efficient, and higher-performing components, enabling innovation.

The focus on renewable energy sources and energy-efficient systems propels demand in power generation, distribution, and management. Integration of components like power electronics and inverters enhances energy conversion and utilization.

Recent market developments include advanced packaging technologies like System-on-Chip (SoC) and System-in-Package (SiP), offering improved performance, compact form factors, and enhanced functionality.

Continual industry efforts in research and development to enhance product performance, reliability, and sustainability further drive growth.

In summary, the active electronic components market thrives due to increasing consumer electronics demand, automation, semiconductor advancements, renewable energy initiatives, and innovations in packaging technologies. Continued expansion is expected as technology evolves and new applications emerge.

Product Type Insights

In the semiconductor segment, revenue dominated with a 56.2% share in 2022, projected to experience a rapid CAGR of over 6.8% in the coming years. The market segments by product type, include Semiconductor Devices, Vacuum Tubes (Diode, Transistors), Integrated Circuits (ICs), Optoelectronics, Display Devices, and more. ICs, a sub-segment of semiconductor devices, held a commanding revenue share of 53.6% in 2022 and are expected to witness the swiftest CAGR of over 7.9% due to escalating demand for high-performance computing and data storage applications.

End-user Insights

End-users of active electronic components encompass Consumer Electronics, Networking and Telecommunication, Automotive, Manufacturing, Aerospace and Defense, Healthcare, and others. The consumer electronics segment is set to dominate the market due to the popularity of smart devices and the increasing demand for high-speed data transfer. This segment held the largest revenue share at 29.8% in 2022 and is expected to grow at a rapid CAGR of over 6.8% in the forecast period, driven by expanding demand for network devices and IT equipment.

Regional Insights

Geographically, the global active electronic components market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Asia-Pacific is poised for dominance, thanks to the presence of major electronics manufacturers in countries like China, Japan, and South Korea. In 2022, Asia-Pacific held the highest revenue share at 53.9% and is central to the global electronics sector, serving as a manufacturing powerhouse for consumer electronics.

Key Companies & Market Share Insights:

Some of the key players in the active electronic components market include:

1. Infineon Technologies AG
2. Advanced Micro Devices, Inc.
3. STMicroelectronics N.V.
4. Microchip Technology, Inc.
5. Analog Devices, Inc.
6. Broadcom Inc.
7. NXP Semiconductors N.V.
8. Intel Corporation
9. Monolithic Power Systems, Inc.
10. Texas Instruments Incorporated
11. Qualcomm Inc.
12. Renesas Electronics Corporation
13. Semiconductor Components Industries, LLC
14. Toshiba Corporation

Global Active Electronic Components Market Segmentation

This report forecasts market revenue growths at global, regional, as well as at country levels and presents an analysis of the qualitative and quantitative industry trends in each of the sub-segments from 2017 to 2030:

• Active Electronic Components Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
  1. Semiconductor Devices
     • Diode
     • Transistors
     • Integrated Circuits (ICs)
     • Optoelectronics
  2. Vacuum Tube
  3. Display Devices
  4. Others
• Active Electronic Components Market by End-user Outlook (Revenue, USD Million, 2017 – 2030)
  1. Consumer Electronics
  2. Networking & Telecommunication
  3. Automotive
  4. Manufacturing
  5. Aerospace & Defense
  6. Healthcare
  7. Others
• Active Electronic Components Market by Regional Outlook (Revenue, USD Million, 2017 – 2030)
  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The U.K.
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa