USD 304.40 Billion
Active Electronic Components Market Size, Share, Growth Analysis, By Product(Semiconductor Devices, Vacuum Tube, Display Devices, and Others), By End-use(Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2089 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
68
|Figures:
75
Active Electronic Components Market Insights
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, at a CAGR of 6.6% during the forecast period (2024-2031).
The market for active electronic components serves the purpose of meeting the increasing demand for smaller, faster, and more efficient electronic components across various industries. These components are essential for the development of cutting-edge technologies, including smartphones, tablets, wearables, automotive electronics, industrial automation, and healthcare devices. The market acts as a vital supply chain, providing the necessary components that power the digital transformation and innovation across sectors.
The global active electronic components market is driven by several factors. The relentless demand for consumer electronics, fueled by the growing global population, rising disposable incomes, and technological advancements, is a significant driver. Smartphones, tablets, and other personal electronic devices rely heavily on active electronic components, thus propelling the market growth. Despite the promising growth prospects, the global active electronic components market also faces certain restraining factors. One such factor is the cyclical nature of the semiconductor industry. The market experiences periodic fluctuations due to factors like changes in consumer demand, economic conditions, and technological disruptions. These cycles can impact the overall market growth and profitability. The active electronic components market also encounters specific challenges. One major challenge is the constant need for innovation and miniaturization. As consumer expectations for smaller and more powerful electronic devices increase, manufacturers face the challenge of developing compact yet high-performance components. This requires significant research and development investments, advanced manufacturing processes, and expertise in semiconductor design.
Amidst the challenges, the global active electronic components market presents lucrative opportunities. The increasing adoption of emerging technologies, such as electric vehicles, renewable energy systems, augmented reality (AR), virtual reality (VR), and smart home automation, creates a vast market for active components. The global active electronic components market serves the purpose of meeting the increasing demand for advanced electronic components across industries. Driven by consumer electronics, transformative technologies, and the need for innovation, the market experiences both opportunities and challenges. While supply chain disruptions and cyclical nature restrain the market, emerging technologies and digitalization present significant growth opportunities. The market players must navigate these factors to capitalize on the potential of the active electronic components market and drive future innovation.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Semiconductor Devices
Fastest Growth
Vacuum Tube
Growth Rate
6.6% CAGR
Global Active Electronic Components Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Active Electronic Components Market Segmental Analysis
The global active electronic components market is segmented on the basis of product, end-use and region. By Product, the market is segmented into Semiconductor Devices, Vacuum Tube, Display Devices, and Others. By End-use, the market is segmented into Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing, Aerospace & Defense, Healthcare, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
In 2022, the semiconductor segment exhibited its dominance in the global active electronic components market, commanding a substantial revenue share of 57.5% in 2022. Furthermore, this segment is projected to maintain its momentum with the fastest compound annual growth rate (CAGR) of over 7.0% throughout the forecast period. Within the semiconductor segment, integrated circuits (ICs) emerged as the frontrunner, capturing a significant revenue share of 55.3% in 2022. Moreover, ICs are anticipated to witness the fastest CAGR of over 8.1% in the coming years.
Integrated circuits, which are tiny semiconductor chips containing multiple transistors, diodes, resistors, and capacitors, represent a type of surface mount device (SMD) electronic component. These ICs offer a compact and lightweight solution, delivering superior performance while consuming less power. By integrating several electronic components, primarily transistors, onto a single semiconductor chip, ICs have become indispensable in computing components and a wide range of electronic devices, including solid-state storage.
Analysis by End-use
In 2022, the consumer electronics segment emerged as the leader in the global active electronic components market, capturing the largest revenue share of 31.1%. This segment is also projected to maintain its growth trajectory with the fastest compound annual growth rate (CAGR) of over 7.0% during the forecast period. The expansion of the consumer electronics segment can be attributed to the escalating demand for semiconductor devices in a wide range of consumer electronic products. This includes digital cameras, mobile phones, gaming devices, wearable devices, Set-Top Boxes (STB), and more. Additionally, there is a significant demand for networking equipment such as modems, routers, repeaters, and gateways, particularly in the office automation and home application segments. This surge in demand for consumer electronics and networking devices directly drives the growth of active electronic components, leading to their increased adoption.
The automotive segment is expected to witness substantial growth, exhibiting a noteworthy CAGR of 7.2% during the forecast period. Automotive manufacturers worldwide are increasingly focusing on integrating advanced electronics and technology into their vehicles to attract customers and enhance the driving experience. The growing popularity of premium and ultra-luxury vehicles has significantly influenced the demand for active electronic components in the automotive sector. These components play a critical role in powering various electronic systems within vehicles, including infotainment systems, advanced driver-assistance systems (ADAS), in-car connectivity, and other vehicle control units. As automotive technology continues to evolve, the demand for active electronic components in this segment is expected to rise steadily.
Global Active electronic components Market By Product
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Active Electronic Components Market Regional Insights
In 2022, Asia Pacific emerged as the dominant region in the global active electronic components market, capturing the leading revenue share of 54.5%. This region holds a significant advantage in the electronics sector and is recognized as a manufacturing powerhouse for consumer electronics. Several favorable factors contribute to Asia Pacific's prominence, including lower labor costs, a vast pool of highly skilled workers, increasing foreign direct investments, government initiatives supporting electronic component production, and preferential trading access to Europe and North America. Countries such as China, India, Vietnam, and Malaysia play pivotal roles in driving the growth of the electronics sector in Asia Pacific. These economies are expected to further strengthen their position in the semiconductor sector and expand their share in the global market over the forecast period.
North America is projected to experience substantial growth with a considerable compound annual growth rate (CAGR) of 6.3% throughout the forecast period. In this region, the adoption of connected cars is gaining significant traction, particularly in the United States. Leading telecom services providers, including Verizon Inc. and AT&T Inc., are making aggressive investments in deploying next-generation 5G network infrastructure. These advancements aim to provide seamless connectivity between vehicles and the network infrastructure, enabling a wide range of innovative applications and services. The growth of connected cars and the development of robust network infrastructure in North America contribute to the demand for active electronic components in the region.
Global Active electronic components Market By Region
- Largest
- Fastest
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Active Electronic Components Market Dynamics
Drivers
Increasing Demand for Smart Devices
- The growing consumer demand for smart devices, such as smartphones, tablets, smart wearables, and IoT devices, acted as a major driver for the active electronic components market. These devices heavily rely on active components like semiconductors, ICs, and display devices to enable their functionalities. For example, in 2022, the demand for smartphones continued to rise, with manufacturers incorporating advanced semiconductor devices and display technologies to enhance performance and user experience.
Technological Advancements and Digital Transformation
- The rapid advancements in technology, including AI, ML, IoT, and 5G connectivity, were key drivers of the active electronic components market. These technologies require advanced components to enable their implementation and function effectively. For instance, the adoption of 5G networks gained momentum in 2022, driving the demand for active components such as transceivers and amplifiers to support higher data speeds and connectivity.
Restraints
Supply Chain Disruptions
- The active electronic components market faced challenges due to supply chain disruptions in 2022. Factors like shortages of raw materials, geopolitical tensions, trade conflicts, and natural disasters impacted the availability and cost of components. For instance, disruptions in semiconductor supply chains affected various industries, leading to production delays and increased costs for electronic devices and equipment.
Complex Regulatory Environment
- The market also encountered challenges related to a complex regulatory environment. Compliance with stringent regulations regarding product safety, environmental sustainability, and intellectual property rights posed hurdles for market players. Adapting to evolving regulations and ensuring compliance throughout the supply chain required significant resources and expertise.
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Active Electronic Components Market Competitive Landscape
The global active electronic components market is characterized by intense competition among key players striving to maintain their market position and gain a competitive edge. The market landscape is highly dynamic, driven by rapid technological advancements and evolving consumer demands. Key players in the market are focused on product innovation, strategic partnerships, mergers and acquisitions, and geographical expansion to strengthen their foothold in the industry. emerging players and startups, particularly in the semiconductor sector, are disrupting the market with their innovative solutions. These companies often specialize in niche areas or specific applications, offering unique value propositions to their customers. They focus on agile development processes, flexibility, and customization to cater to specific industry requirements.
Top Player’s Company Profiles
- Intel Corporation (US)
- Samsung Electronics Co., Ltd. (South Korea)
- Texas Instruments Incorporated (US)
- Toshiba Corporation (Japan)
- Broadcom Inc. (US)
- Micron Technology, Inc. (US)
- NVIDIA Corporation (US)
- Qualcomm Incorporated (US)
- Sony Corporation (Japan)
- LG Display Co., Ltd. (South Korea)
- STMicroelectronics N.V. (Switzerland)
- Infineon Technologies AG (Germany)
- NXP Semiconductors N.V. (Netherlands)
- ON Semiconductor Corporation (US)
- Panasonic Corporation (Japan)
- Analog Devices, Inc. (US)
- MediaTek Inc. (Taiwan)
- Renesas Electronics Corporation (Japan)
- Murata Manufacturing Co., Ltd. (Japan)
- Cree, Inc. (US)
Recent Developments
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In January 2024, Frore Systems introduced the AirJet Mini Slim, an improved version of its renowned solid-state active cooling device, at CES 2024. The AirJet Mini Slim is a slimmer, lighter, and smarter iteration of the AirJet Mini introduced a year ago that can sense its temperature and clean itself.
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In October 2023, federal and provincial officials helped break ground in Loyalist Township on a multi-billion-dollar plant which will produce components for electric vehicle batteries and bring hundreds of jobs to the region. The project from Umicore Rechargeable Battery Materials Inc. carries a total price tag of up to $2.76 billion. Based on its full scope, the Canadian government invested up to $551.3 million, while the province will pay up to $424.6 million.
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In October 2023, as a key component of “Make in India” and the “Atmanirbhar Bharat” policies of the Indian government, the Indian Air Force introduced two indigenous electronic warfare components, Angad and Uttam radar, to be used in the LCA Tejas, AMCA and all its indigenous fighter jets.
Active Electronic Components Key Market Trends
- Miniaturization and Integration: Miniaturization and integration of active components continued to be a key trend in 2022. The demand for smaller, more powerful electronic devices led to the development of compact and integrated components. For example, advancements in semiconductor technology enabled the integration of multiple functions into a single chip, resulting in smaller and more efficient ICs.
- Increasing Focus on Energy Efficiency: Energy efficiency emerged as a significant trend in the active electronic components market. With growing environmental concerns, manufacturers focused on developing energy-efficient components to reduce power consumption and carbon footprint. For instance, advancements in power management ICs and energy-efficient display technologies were notable trends in 2022.
Active Electronic Components Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global active electronic components market analysis, the increasing demand for smart devices and the integration of advanced technologies are the key growth drivers. On the other hand, challenges like supply chain disruptions and complex regulations can hinder market growth. market analysis provides valuable insights into the current state and future prospects of the global active electronic components market. It helps businesses, investors, and industry stakeholders make informed decisions by understanding the market's size, trends, opportunities, and challenges in simple and accessible terms.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 304.40 Billion |
| Market size value in 2031 | USD 541.08 Billion |
| Growth Rate | 6.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Active Electronic Components Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Active Electronic Components Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Active Electronic Components Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Active Electronic Components Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Active Electronic Components Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Active Electronic Components Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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