ID: MRFR/SEM/1677-CR | January 2018 | Region: Global | 100 pages
Active Electronic Components Market Synopsis:
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.
The advancements in active electronic components have given rise to Micro-electro-mechanical systems (MEMS). Fast forward to today and it’s hard to avoid MEMS technology. Mobile phones are an obvious example – housing motion sensors, gyroscopes microphones and speakers – while automotive MEMS can also be found in braking systems, emissions control and navigation. And opportunities for MEMS devices are appearing in many other applications, such biomedical sensors and drug delivery systems. It could be argued that wearable devices wouldn’t have taken off without the benefit of MEMS.
Managing the cost of raw materials remains a top priority for manufacturers. Although the cost of raw materials used in manufacturing has eased somewhat since hitting a historic, mid-recession peak in 2015, the raw materials market remains volatile both in the United States and abroad. Manufacturers continue to be concerned about coping with these pricing fluctuations, and many firms are seeking new ways to mitigate risks associated with raw materials instability.
The global active electronic components market 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.
Active Electronic Components Market Key Findings
The regional analysis of active electronic components market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in active electronic components market due to the huge demand of security system and business intelligence which is propelling the market growth of active electronic components. However, Asia Pacific is expected to surpass the market and in the coming years attributed by rising need and demand for energy-efficient devices and growth in adoption of smartphones. Asia Pacific countries like China, India and Japan are ahead in the in Active Electronic Components market due to increasing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization and many more.
Some of the key players in the active electronic components market are Hitachi AIC Inc. (Japan), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Panasonic Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electric Corporation (Japan) and Maxim Integrated (U.S.)
Frequently Asked Questions (FAQ) :
Increasing sales of smartphones and wearable devices are expected to fuel demand for active electronic components over the next few years.
Hitachi AIC Inc. (Japan), Panasonic Corporation (Japan), Renesas Electric Corporation (Japan), and Toshiba Corporation (Japan) are some of the key players expected to contribute to the expansion of the market in the region.
The segments of the market, by product type, are semiconductor devices, display technologies, vacuum tubes, optoelectronic devices, and others.
The consumer electronics segment is projected to expand at 11.95% CAGR.
North America, owing to its technological advancements, is likely to lead the market with a dominant share.