Market Research Report
Active Electronic Components - Global Market Outlook (2019 -2027)
|Active Electronic Components - Global Market Outlook (2019 -2027)|
Published: October 1, 2020
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Active Electronic Components Market is accounted for $292.26 billion in 2019 and is expected to reach $673.53 billion by 2027 growing at a CAGR of 11.0% during the forecast period. Rapidly growing demand for consumer electronics devices, such as smartphones and laptops are some of the major factors propelling the growth of the market. However, limited Lifetime is hindering the growth of the market.
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.
Based on the product, the semiconductor devices segment is anticipated to hold considerable market share during the forecast period due to the robust adoption of semiconductor devices across several applications including household appliances, mobile phones, Personal Computers (PCs), and network equipment among others. Also, the prevailing trend towards miniaturization and developing energy-efficient systems is having a positive impact on the demand for semiconductor devices and related components.
By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to presence of leading consumer electronics manufacturers such as BBK electronics, Xiaomi Corporation, Samsung Electronics Co., Ltd., and many others. Moreover, the rising demand for industrial automated systems such as Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLCs), and other automated solutions that are designed using various electronic components. Aforementioned factors projected to trigger the market growth in the region.
Some of the key players profiled in the Active Electronic Components Market include Vishay Intertechnology, Toshiba, Texas Instruments, STMicroelectronics, Renesas Electric, Panasonic, ON Semiconductor, NXP Semiconductors, Maxim Integrated Products, Infineon Technologies, Hitachi, Harris, Fairchild Semiconductor International, Everlight Electronics, Diotec Semiconductor, and Analog Devices.
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