The global Active Electronic Components Market was valued at USD 236 billion in 2017 and is anticipated to grow at a CAGR of 9.3% during the forecast period. Active electronic components are capable of controlling the flow of electricity. An electronic circuit requires at least one active device for proper operation. Active electronic components are responsible for controlling the flow of electrons through them. These components function as alternating-current circuits in a device to increase the active power, voltage or current. Some examples of active electronic components include transistors, vacuum tubes, and silicon-controlled rectifiers among others.
The rising penetration of smartphones and other wearable devices, and industrial automation have increased the demand for active electronic components. The growing demand for active electronic components from automotive and healthcare sectors, and rising adoption of MEMS technology boost the active electronic components market. The growing modernization of vehicles, and increasing demand for luxury and technologically advanced vehicles has accelerated the adoption of active electronic components. The increasing applications of active electronic components in consumer goods and wearables, and increasing adoption of renewable energy resources fuels the growth of the market. The growing use of active electronic components in connected devices boosts the adoption of active electronic components worldwide. The growing concerns regarding energy efficiency, and wide scale adoption of IoT are encouraging market players to introduce low cost energy efficient active electronic components. The growing technological advancements, and rising demand from emerging economies would drive the Active Electronic Components Market growth during the forecast period.
North America Active Electronic Components Market Share, By Product, 2017 - 2026
Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026
The global Active Electronic Components market is segmented on the basis of product, end-user, and geography. Based on the product, the market is segmented into Display Devices, Semiconductor Devices, Optoelectronic Devices, and others.
The end-users in the global Active Electronic Components market include Information technology and Semiconductor, Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, and others. The consumer electronics sector dominated the global Active Electronic Components market in 2017 owing to rising demand for smart devices, and increasing disposable incomes in the emerging economies.
North America Active Electronic Components Market, By Product, 2017 - 2026 (USD Billion)
This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America dominated the global Active Electronic Components market in 2017 owing to growing demand for consumer electronics, and development of smart technologies. The rising need for automation, and growing demand from the healthcare sector support the market growth in this region.
The vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base. The Active Electronic Components market is highly competitive with the presence of a large number of small and large vendors. The leading players in the market include Infineon Technologies AG, NXP Semiconductors N.V., Toshiba Corporation, Analog Devices, Inc., Texas Instruments, Inc., Hitachi AIC Inc., Panasonic Corporation, Diotec Semiconductor AG, Renesas Electronics Corporation, and Fairchild Semiconductor International, Inc. among others.