Active Electronic Components Market expected to reach at USD 387 billion | Industry Analysis by Leading Key Leaders: Maxim Integrated, Analog Devices, Texas Instruments, Panasonic and Toshiba

Market Highlights:

Electronic component are industry products which are used to affect electrons in an electronic system. These electronic components are divided into different types as active components, passive components and electromechanical components. Active components are the components which produce energy in the form of current or voltage whereas the passive components are the components which store energy in the form of current or voltage.

The demand for electronic components is increasing globally at a rapid pace. This is, to a considerable extent, due to global demand in ICT market for smartphones and other wearable devices, and the dramatic growth for smart automobiles, industry machinery and infrastructure. It is predicted that the Internet of Things (IoT) will add tens of billions of new nodes or units on the Internet. The new units will include sensors, data storage devices, computers, and related infrastructure. IoT will let them all interact with each other and be integrated into software systems and networks.

According to MRFR, the Active Electronic Component Market is growing at 8% of CAGR and is expected to reach at USD ~387 billion by the end of forecast period.

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Major Key Players

Maxim Integrated (U.S.)
Hitachi AIC Inc. (Japan),
Infineon Technologies AG (Germany),
Texas Instruments, Inc. (U.S),
Analog Devices, Inc. (U.S.),
Panasonic Corporation (Japan),
Toshiba Corporation (Japan),
STMicroelectronics (Switzerland),
Renesas Electric Corporation (Japan) and NXP Semiconductors N.V. (Netherlands)

Key Findings
• By product type, Integrated circuits is dominating the market with revenue USD 76.96 Billion in 2016 and is expected to grow with 11.42% CAGR.
• By end-users, consumer electronics is dominating the market and has generated USD 73.5 Billion in 2016 and is expected to grow at 11.95% CAGR.
• Geographically, North America region has been projected to hold the largest market share in global active electronic components market followed by Europe region, while Asia Pacific is expected to drive the market in coming years.

Segmentation:

The global active electronic components is segmented on the basis of product type and end-users. On the basis of product type the segment is further classified into semiconductor devices, optoelectronic devices, display technologies, vaccum tube and others. On the basis of end-users the segment is further classified into consumer electronics, healthcare, automotive, aerospace & defense, information technology and others.

Regional Analysis:
On geographic basis, global active electronic components market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the active electronic component market. The active electronic components are gaining huge demand due to the increasing automation across industries and rise in internet of things (IoT) in these regions. In this market, Asia Pacific is to be estimated to be the second largest market share for active electronic components during the forecast period due to the increasing demand of increasing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization. Asia Pacific is expected to gain highest CAGR in the coming years due to rise in industrial automation and rise in usage of consumer electronics.

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Intended Audience:
• Electronic component manufacturers
• Research organizations
• Original equipment manufacturers
• System Integrators
• network equipment vendors
• chipset vendors
• software/application providers
• user equipment manufacturers
• network infrastructure integrators
• Government Organizations
• Research/Consultancy firms

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This release was published on openPR.