Active Electronic Components Market Size Worth $535.79 Billion by 2032 | CAGR: 6.10%

The global active electronic components market size is expected to reach USD 535.79 billion by 2032, according to a new study by Polaris Market Research. The report “Active Electronic Components Market Share, Size, Trends, Industry Analysis Report, By Product Type (Semiconductor Devices, Vacuum Tubes, Display Devices), By End-user (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

These components play a crucial role in controlling the flow of electricity within printed circuit boards. These components encompass various types of diodes like Schottky diodes, LEDs, & photodiodes, as well as generators such as DC generators & alternators. Additionally, a wide range of transistors, including FETs, JFET, bi-polar junction transistors, & MOSFETs, are part of these components, along with voltage sources and current sources. Each type of printed circuit board incorporates at least one active electronic component.

Market is experiencing significant growth due to the extensive use of connected devices, which demands a substantial number of active electronic components. Additionally, the increasing demand for these components in various sectors further fuels market expansion. To tap into new opportunities, several manufacturers are actively developing innovative products and offering cutting-edge solutions to cater to the evolving needs of customers. Automotive manufacturers across the globe are increasingly focusing on incorporating various electronics and advanced technologies into their products to appeal to a broader customer base. The rising demand for premium and ultra-luxury vehicles is driving the adoption of active electronic components in the automotive industry.

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Integration of various connected devices like smart-phones, tablets, televisions, home appliances, & smart meters has brought about significant advancements in electronic components. This trend is expected to drive the demand for the IoT electrical components. Many connected devices now operate on batteries for extended periods without the need for frequent replacements or maintenance, leading to a growing requirement for energy-efficient IoT end-node applications. The declining costs of processors and sensors, coupled with the widespread use of wireless communication, have paved the way for smart devices that can interact autonomously without human intervention.

The COVID-19 pandemic may have caused some delays in the industrial deployment of 5G in the U.S. However, the U.S. government is taking proactive measures to overcome these delays by making significant investments in the development of efficient network infrastructure and smart cities. Consequently, the installation of telecom equipment and other networking devices is expected to gain momentum in parallel with the continuous rollout of 5G network infrastructure across North America. This, in turn, is anticipated to drive the growth of the North America active electronic components industry throughout the forecast period.

Active Electronic Components Market Report Highlights

• Semiconductor segment dominated the market, primarily due to growth in consumer electronics, particularly in emerging nations with high young population base
• Consumer segment held the largest share, owing to rise in adoption of smart electronic products with changing lifestyle
• APAC dominated the market, owing to huge untapped region, increasing consumer spending, and high population base
• The global key market players include Infineon Technologies, Advanced Micro Devices, STMicroelectronics, and Microchip Technology

Polaris Market Research has segmented the active electronic components market report based on product type, end use, and region:

Active Electronic Components, Product Type Outlook (Revenue - USD Billion, 2023 - 2032)

• Semiconductor Devices
  • Diode
  • Transistors
  • Integrated Circuits (ICs)
  • Optoelectronics
• Vacuum Tube
• Display Devices
• Others

Active Electronic Components, End Use Outlook (Revenue - USD Billion, 2023 - 2032)

• Consumer Electronics
• Networking & Telecommunication
• Automotive
• Manufacturing
• Aerospace & Defense
• Healthcare
• Others

Active Electronic Components, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Active Electronic Components Market Report Scope