ACTIVE ELECTRONIC COMPONENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The Active Electronic Components Market is estimated to be valued at US$ 363.16 Bn in 2024 and is expected to reach US$ 661.18 Bn by 2031, exhbiting a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
Report Description:
The active electronic components market refers to the sale of components that are used in applications requiring amplification or switching of electronic signals. These components work on the principle of electricity and include transistors, integrated circuits, optoelectronics, sensors and crystal oscillators. Semiconductors act as the building blocks for these components which have revolutionized fields like computing, communications and consumer electronics. The global active electronic components market has witnessed steady growth over the past few decades owing to miniaturization of components leading to increased functionality and continued technological advances in electronics and semiconductor manufacturing. Advancements like 5G rollout, growing adoption of IoT devices, and rising demand for electronic products from emerging economies are expected to boost demand for active electronic components in the coming years.
Market Dynamics:
The key drivers boosting the active electronic components market growth include growing demand for smartphones, laptops, wearables, and other consumer electronics. The rollout of 5G networks worldwide is another major growth driver as it will spur demand for RF components, power management chips and optical modules among others. Furthermore, rapid proliferation of IoT devices across industries is increasing the need for various sensors, microcontrollers and other electronic components. However, factors such as rising trade tensions, volatility in semiconductor prices and difficulties associated with transition to newer manufacturing technologies act as restraints for the market. Some of the major opportunities include increasing focus on technologies like edge computing, autonomous vehicles and artificial intelligence which will require advanced active components. Emerging economies also present a huge untapped market potential for electronic products and components.
Key features of the study:
- This report provides in-depth analysis of the global active electronic components market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global active electronic components market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Infineon Technologies AG, Advanced Micro Devices, Inc., STMicroelectronics N.V., Microchip Technology, Inc., Analog Devices, Inc., Broadcom Inc., NXP Semiconductors N.V., Intel Corporation, Monolithic Power Systems, Inc., Texas Instruments Incorporated, Qualcomm Inc., Renesas Electronics Corporation, Semiconductor Components Industries, LLC, and Toshiba Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global active electronic components market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global active electronic components market
Market Segmentation
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Active Electronic Components Market - forecast to 2031”.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients