Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Active Electronic Components Market Research Report.
Active electronic components although tiny, are one of the important components used in the electronics. Due to their efficacy in producing energy in the form of voltage, these components have acquired a place in every electronic device further experiencing much of a demand.
Owing to the extensive demand from the burgeoning market of ICT, the demand for electronic components is augmenting rapidly further escalating the market to the exponential heights on the global platform. Increasing market penetration of smartphones and other wearable devices fuelled by the wide adoption across worldwide define the market landscape for these components.
Acknowledging the accruals this market is garnering currently, Market Research Future (MRFR), in its recently published study report foretells that the global active electronic components market surging exponentially by 2022, will register a phenomenal CAGR during the calculated period (2016 – 2022).
Other factors propelling the market growth include augmented growth of smart automobiles, industrial machinery, and infrastructure. Additionally, burgeoning Internet of Things (IoT) industry which is likely to add billions of new units on the Internet is contributing the market growth. The new units including sensors, data storage devices, computers, and related infrastructure will be able to interact with each other integrating into software systems and networks. This explains the augmented demand these electronic components will perceive in the years to come.
On the other hand, volatility in the price, demand & supply raw materials is hampering the market growth in some way. However, growing MEMS technology is expected to provide a huge impetus to the market growth during 2016 – 2022.
The advancements in active electronic components are the reason that MEMS technology has risen as unparalleled technology today. The mobile phone is one of the obvious examples; similarly, housing motion sensors, gyroscopes microphones, and speakers are among the others.
Automotive MEMS can also be found in emissions control, navigation, and braking systems. And, opportunities for MEMS devices are appearing in many other applications, such as biomedical sensors and drug delivery systems etc. It could be argued that wearable devices wouldn’t have taken off without the benefit of MEMS.
Active Electronic Components Market – Segmentation
MRFR has segmented its analysis into three key dynamics for the convenience of understanding.
By Product Types : Comprises optoelectronic devices, semiconductor devices, display technologies, vaccum tube, and others.
By End Users : Consumer Electronics, Healthcare, Automotive, Aerospace & Defence, Information Technology and others.
By Regions : North America, Europe, APAC and Rest-of-the-World (RoW).
In 2016, the segment - Integrated circuit dominated the market reaching USD 76.96 BN and is further expected to grow with 11.42% CAGR during the assessment period.
While the segment Consumer Electronics by end-users had generated worth approx. USD 73.5 BN and is expected to grow at 11.95% CAGR during 2016-2022.
Active Electronic Components Market – Regional Analysis
The North American market for active electronic components is dominating the global market attributing to the huge demand of security system and business intelligence. The region is followed by Europe region.
The Asia Pacific region is emerging as the fastest growing market attributed to the augmented market penetration of smartphones and the demand for energy-efficient devices. China, India, and Japan are driving the regional market growth owing to the growing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization among other factors.
Active Electronic Components Market – Competitive Landscape
The highly competitive, active electronic components market appears to be fragmented. Innovation, mergers & strategic partnership, and brand reinforcement remain the key trends for leading players.
One of the major concerns of manufacturers is managing the raw material expenses. To avoid getting affected by fluctuations in price majority of the vendors are looking for ways to mitigate risks associated with raw materials instability.
Some of the eminent leaders of the market include Infineon Technologies AG (Germany), Hitachi AIC Inc. (Japan), Texas NXP Semiconductors N.V. (Netherlands), STMicroelectronics (Switzerland), Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), Panasonic Corporation (Japan), Renesas Electric Corporation (Japan) Maxim Integrated (U.S.), and Toshiba Corporation (Japan).
Industry/ Innovation /Related News:
October 17, 2018 - AVX Corporation (US) a leading manufacturer of electronic components announced the release of its new λ-Bridge (Lambda-Bridge) Series thermal conductors. Constructed with high-quality aluminum nitride (AlN) or beryllium oxide (BeO) materials, Lambda-Bridge thermal conductors provide efficient, cost-effective thermal management solutions with reliable, repeatable performance in four small EIA
February 07, 2018 - AVX Corporation (US) a leading manufacturer of electronic components announced the acquisition of Ethertronics Inc., a global provider of active and passive Isolated Magnetic Dipole™ antenna systems developed for wireless applications across mobile phones, defense, Wi-Fi, aerospace, healthcare, & IoT markets. This deal will add Ethertronics’ award-winning products to AVX’s already extensive portfolio extending the company’s reach in the global antenna technology market and wireless equipment market.