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The active electronic components market is estimated to grow at a CAGR of 7.02% between 2022 and 2027. The size of the market is forecast to increase by USD 122.44 billion. The growth of the market depends on several factors, including increasing demand for IoT devices, growth of the semiconductor industry, and growing demand for renewable energy.
This report extensively covers market segmentation by end-user (consumer electronics, networking and telecommunications, automotive, manufacturing, and others), product (semiconductor, vacuum tube, and display devices), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for IoT devices is notably driving the market growth, although factors such as an increase in design complexity due to miniaturization might hamper the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for IoT is notably driving the demand for active electronic components. The Internet of Things (IoT) is a network of interconnected devices or things that are integrated with electronics, software, sensors, and network connectivity. IoT technology allows an Internet-connected device to employ these sensors and actuators to gather, record, and transfer data in real-time to other computing devices. IoT devices are outfitted with semiconductor integrated circuits (ICs) that include memory, a microcontroller, wireless connection, sensors, and a variety of analog and digital components.
The growing number of IoT applications will increase the demand for IoT chipsets that are integrated into IoT devices. Many major players have launched IoT-based devices. For instance, in January 2021, STM accelerated IoT device development by releasing its latest module, which is projected to stimulate the introduction of Bluetooth LE and 802.15.4-based IoT devices and thus, these factors drive the growth of the global active electronic components market.
The growing investments in smart city projects are a new trend in the active electronic components market. A smart city is a type of urban development project in which a city's infrastructure is outfitted with various information and communication technology. Countries throughout the world are concentrating on the construction of smart cities in order to manage their assets and resources better. The implementation of smart city solutions, such as smart lighting, smart traffic management, smart utilities, and smart water and waste management, depends heavily on the involvement of the numerous market stakeholders, including the respective local and regional governments, information and communications technology (ICT) service providers, and smart device manufacturers.
Smart city investments will hasten the development of network infrastructure to support machine-to-machine (M2M) communication. Furthermore, developing countries have made major investments in smart city projects which further drives the demand for active electronic components.
Regulations and standards are the major challenges that may hinder market growth during the forecast period. The industry is governed by a set of standards that address issues such as intellectual property rights, product safety, and environmental effect. Failing to follow these standards may result in fines, product recalls, and reputation loss to the company.
The global active electronic components market is also governed by a number of international standards for product quality and dependability, such as ISO 9001 and IEC 60068. The cost of testing and certification required to comply with these standards may hinder smaller enterprises from entering the market. The industry is also faced with additional challenges due to the rapidly changing nature of the technology landscape and the growing complexity of electronic systems. This challenge is expected to hinder the growth of the market in focus during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Active Electronic Components Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advanced Micro Devices Inc.- The company offers active electronic components such as microprocessors, motherboard chipsets, embedded processors, and graphics processors.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the consumer electronics segment will be significant during the forecast period. Consumer electronics, often known as home electronics, are electronic devices intended for use in private households on a regular basis. Consumer electronics include all gadgets used for entertainment (entertainment and leisure activities), communication, and recreation. Electronic devices are widely used among a wide range of technical consumer goods in households. Due to the increasing consumer demand, companies are focusing on offering high-performing and easy-to-use gadgets.
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The consumer electronics segment was valued at USD 80.6 billion in 2017 and continued to grow till 2021. The continuing investment in R&D by market players for the creation of new consumer electronic products with improved functions will promote the expansion of the consumer electronics segment. Thus, consumer electronics vendors are focusing on extensive R&D spending and geographic expansion to meet growing customer needs. This, in turn, is likely to drive market expansion in the consumer electronics segment throughout the forecast period.
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APAC is estimated to contribute 68% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The active electronic components market in Asia-Pacific is projected to register the fastest growth rate during the forecast period. China is a significant revenue contributor and APAC's largest market for active electronic components. The growing demand for active electronic components from the automotive, aerospace, electronics and electrical, and other end-user industries in developing nations such as China and India is a major driver of the region's market growth. Furthermore, an increase in people's disposable income is predicted to boost demand for autos, gadgets, and electrical equipment.
Furthermore, APAC's dominance in global automotive manufacturing is likely to generate significant demand for active electronic components from the automotive OEMs and Tier-1 suppliers in the region. Throughout the projected period, APAC is expected to further improve its position in global automobile manufacturing, which is expected to fuel market expansion in the region.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, the COVID-19 pandemic had a negative impact on a number of industries in APAC, notably the automobile and electronics industries. The adoption of strict lockdowns and social distance restrictions forced several business owners to temporarily close their operations. However, with the ramping up of COVID-19 mass vaccination drives, most industries regained their growth momentum, driving the growth of the APAC active electronic components market in 2021 since these end-user industries resumed operations. The active electronic components market in APAC rose in 2021 and 2022 as manufacturing, supply, and demand from end-user industries in the region increased. Furthermore, increased government and end-user industry expenditure is likely to contribute to an increase in the demand for active electronic components between 2023 to 2027, hence, driving the growth of the market in focus during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global active electronic components market as a part of Consumer Electronics. The parent global electronic components market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Active Electronic Components Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.02% |
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Market growth 2023-2027 |
USD 122.44 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.45 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 68% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advanced Micro Devices Inc., Analog Devices Inc., Broadcom Inc., Diotec Semiconductor AG, Everlight Electronics Co. Ltd., Infineon Technologies AG, KYOCERA corp., Microchip Technology Inc., Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., Vishay Intertechnology Inc., Intel Corp., Murata Manufacturing Co. Ltd., and Panasonic Holdings Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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