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Active Electronic Components Market Size Growing at 8.7%

March 02, 2023 09:23 ET | Source: Acumen Research and Consulting Acumen Research and Consulting

TOKYO, March 02, 2023 (GLOBE NEWSWIRE) -- The Global Active Electronic Components Market Size accounted for USD 320.7 Billion in 2022 and is projected to achieve a market size of USD 666.2 Billion by 2032 growing at a CAGR of 8.7% from 2023 to 2032. Chip Technology

Active Electronic Components Market Size Growing at 8.7%

Active Electronic Components Market Research Report Highlights and Statistics:

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Active Electronic Components Market Report Coverage:

Active Electronic Components Market Overview:

The Active Electronic Components Industry has been growing significantly in recent years, driven by the increasing demand for electronic devices and the adoption of advanced technologies in various industries. Active electronic components are electronic devices that require a power source to function, including transistors, diodes, integrated circuits, and optoelectronic components.

One of the key drivers of the active electronic components industry is the growing demand for smartphones, tablets, and other electronic devices that use integrated circuits for processing and data storage. In addition, the increasing demand for electric and hybrid vehicles has led to the adoption of active electronic components in the automotive sector, driving further growth in the market.

Other diverse and unique applications of active electronic components include their use in aerospace and defense, healthcare, and industrial automation. For example, in the healthcare industry, active electronic components are used in medical equipment such as imaging devices, diagnostic equipment, and patient monitoring systems.

The Asia-Pacific region dominates the active electronic components market, with countries such as China, Japan, and South Korea being home to key manufacturers in the industry. The market is highly competitive, with major players such as Texas Instruments, STMicroelectronics, and NXP Semiconductors leading the way.

With diverse and unique applications in industries such as healthcare, aerospace and defense, and industrial automation, the market is expected to continue its growth trajectory in the coming years.

Trends in the Active Electronic Components Market:

Active Electronic Components Market Dynamics:

Growth Hampering Factors in the Market for Active Electronic Components:

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Active Electronic Components Market Overview by Region:

North America’s Active Electronic Components market share is the fastest growing globally. The growth in this region is primarily driven by the increasing adoption of advanced technologies, such as the Internet of Things (IoT), smart homes and buildings, and autonomous vehicles. The region is home to several prominent players in the market, such as Intel, Texas Instruments, and Qualcomm. The United States is the largest market in this region, accounting for a significant share of the market. The demand for active electronic components in this region is driven by several sectors, including automotive, healthcare, and aerospace and defense.

The Asia-Pacific region’s Active Electronic Components Market share is the largest in terms of revenue, with countries such as China, Japan, South Korea, and Taiwan being the largest markets in the region. The growth in this region is driven by the increasing demand for electronic devices, such as smartphones, tablets, and laptops. The region is also home to several prominent players in the market, such as Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing Company (TSMC). The automotive industry is also a significant contributor to the growth of the active electronic components market in the Asia Pacific region.

Europe is another key market for Active Electronic Components, with countries such as Germany, the UK, and France being the largest markets in this region. The market growth in Europe is driven by the increasing demand for energy-efficient electronics and the growing adoption of renewable energy sources. The region is also home to several leading players in the market, such as STMicroelectronics, NXP Semiconductors, and Infineon Technologies. The automotive sector is a significant contributor to the growth of the active electronic components market in Europe, with many European countries having a significant automotive manufacturing industry.

The South American and MEA regions have a smaller Active Electronic Components market share, however it is expected to grow at a good rate.

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Active Electronic Components Market Key Players:

The active electronic components market has several prominent players operating in various regions. Some of the major players in the market include Texas Instruments, Analog Devices, STMicroelectronics, Infineon Technologies, NXP Semiconductors, Maxim Integrated Products, Microchip Technology, Qualcomm, Intel, Toshiba, ON Semiconductor, Fairchild Semiconductor, Vishay Intertechnology, ROHM Semiconductor, Renesas Electronics, Cree, Inc., Advanced Micro Devices, Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing Company (TSMC). These companies are continuously investing in research and development to develop advanced and innovative products to stay competitive in the market. They are also focusing on expanding their product portfolio and increasing their geographical presence through strategic partnerships and collaborations.

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Active Electronic Components Market Size Growing at 8.7%

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