Active Electronic Components Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Semiconductor Devices, Vacuum Tubes, Display Devices), By End-user (Consumer Electronics, Automotive), By Region, By Competition, 2018-2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 306 billion |
| CAGR (2023-2028) | 7.4% |
| Fastest Growing Segment | Semiconductor Devices |
| Largest Market | Asia Pacific |
Market Overview
The global Active Electronic Components Market hit a whopping USD 306 Billion in 2022, and get ready for some serious growth! We're expecting a CAGR of 7.4% all the way through 2028. Basically, the electronics industry is booming everywhere, which is why the market for active components (think semiconductors, transistors, and those crucial integrated circuits) is doing so well. These components are the brains behind everything from your phone to your car. What's driving this? Well, everyone wants smart devices, 5G is taking off, and electric vehicles are becoming super popular. People want electronics that are smaller, faster, and use less power, so the demand for top-notch components is only going to increase.
Key Market Drivers
Increasing Demand for Consumer Electronics
The active electronic components market is experiencing significant growth due to the increasing demand for consumer electronics, including smartphones, tablets, and wearable devices. As consumers continue to seek more advanced and feature-rich devices, the need for high-performance active electronic components is rising at a rapid pace. These components, such as microprocessors, memory chips, and power management ICs, play a crucial role in powering and enabling the functionality of consumer electronic devices.
We all want the latest and greatest, right? That's a big reason why consumer electronics are so popular. People are always hunting for devices that do more, do it better, and look good doing it! This push for new stuff has given us smartphones with super-fast processors, tons of storage, and batteries that actually last. And it's not just phones; tablets and wearable devices are getting smarter too, packing in more features and ways to connect. To keep up with what we expect, electronics companies are using advanced active electronic components. Think about itmicroprocessors are like the brain of your gadgets, handling all the instructions and calculations. So, as we demand quicker, smoother performance, those companies really need to focus on even better microprocessors with more power and less wasted energy.
Memory chips? Yeah, they're super important in your gadgets because they remember everything fast. And with all the photos, videos, and apps we're using, we need bigger and bigger memories! Think about your smartphone – packed with stuff, right? So, companies are always working on memory chips that hold more and are even faster. Now, let's talk batteries. Power management ICs are like the energy-saving superheroes of your devices. We all want our phones and smartwatches to last longer, and these chips are what make it happen. They're designed to control how much power your device uses, making it more efficient and giving you a better experience. 
Growing Adoption of Internet of Things (IoT) Devices
It's amazing how many Internet of Things (IoT) devices are popping up everywhere these days! This means we need more active electronic components to make them work. Think about itsensors, microcontrollers, and those little wireless communication modules – they're the heart and soul of getting data flowing in these devices. And as the IoT world keeps getting bigger, everyone wants these components to be smaller, use less energy, and be cheaper to make, so everything connects smoothly and processes data like a dream. Honestly, IoT is changing everything, from healthcare (imagine IoT devices tracking patients and alerting doctors!) to manufacturing (machines that tell you when they need fixing!). Even getting around is changing thanks to IoT, helping with traffic and smarter routes. And farmers can use IoT to make sure their crops get just the right amount of water.
To get these IoT gadgets working smoothly, you really need active electronic parts. Think of sensors, for instance. They're like little spies, grabbing data from the real world and turning it into electrical signals. Then you've got microcontrollers, acting as the brain of everything, figuring out the sensor data and telling the device what to do. Wireless communication modules are the chatty ones, letting devices talk to each other or the cloud so you can monitor and control things in real-time. And as the IoT world gets bigger, we need smaller and smaller active electronic parts. Miniaturization is key to fitting all these devices into everything around us. Plus, tinier parts means designers have more freedom and can sneak IoT devices into everyday objects without anyone noticing!
Plus, you really gotta think about power efficiency with IoT gadgets, right? Lots of them run on batteries or live way out in the boonies where plugging in is a pain. So, the active electronic bits inside need to be super energy-smart to make those batteries last longer and keep things humming along. That means tweaking how much juice they slurp up when grabbing data, crunching numbers, and sending stuff over the airwaves. And hey, let's not forget about keeping costs down! That's a big deal in the IoT world. As we pile on more and more devices, the price of all those components adds up fast. Everyone's scrambling to find ways to build things cheap without sacrificing how well they work or how dependable they are.
Advancements in Automotive Electronics
The car world is changing big time! We're seeing more and more fancy electronics and ways to connect in our rides. This change is happening because of all the cool electronic parts being used, like microcontrollers, sensors, and power management ICs. These little guys are super important for making things like advanced driver assistance systems (ADAS), infotainment systems, and electric vehicle tech work. And because everyone wants electric cars and self-driving features, these electronic parts are becoming super popular. One big reason for all this is that people want electric vehicles! We're worried about the environment and want to cut down on pollution, so electric cars are getting really popular. Active electronic components are needed to make electric vehicles work well – they control things like the battery, motor, and power. They keep the cars running smoothly and safely, which is why more and more people are buying them.
And hey, let's not forget how self-driving tech is boosting the need for active electronic bits in cars! These autonomous vehicles really lean on sensors, microcontrollers, and all sorts of electronic goodies to "see" what's around them, figure things out on the fly, and stay safe out there. They power up ADAS features we all know and love, like adaptive cruise control, lane-keeping assist, and even automatic emergency braking – making driving safer and way more chill. As self-driving cars get more common, expect the demand for these active electronic parts to skyrocket. Plus, beyond just electric and self-driving cars, the way cool electronics and internet-connected stuff are transforming in-car entertainment. Think snazzy multimedia interfaces, touchscreen displays, voice control, and tons of ways to connect – letting everyone enjoy entertainment, communication, and navigation. It's the active electronic components that make all these features work so smoothly together, giving you that awesome in-car experience!
Rising Demand for Energy-Efficient Solutions
Lately, everyone's talking about saving energy and being more sustainable, which means we're seeing a huge demand for active electronic components that can help us do just that. Think about things like power management ICs, energy harvesting modules, and LED drivers – these are all vital for making sure we use energy smartly in everything from smart homes to industrial automation and even renewable energy systems. Power management ICs are like the brains of the operation, carefully controlling how power is distributed to avoid waste. Energy harvesting modules are super cool because they grab free energy from things like sunlight or movement and turn it into electricity, so we don't have to rely as much on traditional power sources. And LED drivers? They make sure LED lights get just the right amount of power, making them last longer and use way less energy. Basically, these active electronic components are key to hitting our energy efficiency targets, shrinking our carbon footprint, and generally being more eco-friendly in all sorts of industries – helping us build a greener and more sustainable future.
Key Market Challenges
Rapid Technological Advancements
Okay, so one of the big headaches in the world of active electronic components is just how fast things change! Technology never sits still, does it? These components have to evolve just as quickly to stay useful and, well, not be left behind. It's tough on the folks who make and sell them – they've got to pour money into research and development just to keep up. And to make matters worse, these components don't last long; they can become outdated really fast. So, to survive, companies have to focus on constant innovation and invest in those shiny new technologies. Basically, they've got to build components that can handle whatever the market throws at them.
Increasing Complexity and Miniaturization
Things are getting tricky! Active electronic components are shrinking and becoming way more complicated. Think about itwe want our gadgets smaller and faster, so the stuff inside them has to get tiny too, but still work great. This means we need super-advanced ways to make them and really good materials. Plus, designing these complex parts, like integrated circuits and microprocessors, takes serious skill. What's the solution? Companies need to put money into figuring out better ways to design and build these tiny wonders. Partnering up with other businesses and universities can also help us come up with new tricks and materials. Check out our research for more info!
Stringent Regulatory Compliance
Navigating the world of active electronic components means playing by some pretty strict rules. We're talking about serious stuff like safety, being kind to the environment, and making sure everything plays nicely together without causing interference. Think regulations like RoHS (Restriction of Hazardous Substances) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) – you gotta follow them if you want anyone to buy your stuff! But, let's be real, keeping up with all those rules and making sure your whole supply chain is on board can be a major headache. So, what's the solution? Well, having a solid compliance system in place is key. Regular check-ups (audits, people!), and staying glued to any regulatory updates are also a must. Teaming up with regulatory groups and industry associations? Definitely a smart move – they can offer some much-needed help in this complicated game.
Increasing Competition and Price Pressure
Okay, so the electronic components market is a real dog-eat-dog world! Lots of companies are fighting for every scrap of business, which means everyone's feeling the heat to be different and keep prices low. But, that price crunch can really hurt, squeezing profits and making it tough to invest in the good stuff – research, new ideas, and making things better. To win, companies need to really stand out by offering something special, top-notch quality, and taking amazing care of their customers. Building VIP relationships with both customers and suppliers can help nail down better prices and stay ahead of the game. Plus, it's smart to look for new places to sell and new groups of customers to sell to, so you're not putting all your eggs in one basket.
Key Market Trends
Increasing Demand for Active Electronic Components
The global market for active electronic components is witnessing a surge in demand due to the growing adoption of advanced technologies across various industries. Active electronic components, such as transistors, integrated circuits, and diodes, play a crucial role in amplifying, switching, and controlling electrical signals in electronic devices. With the rapid advancements in sectors like telecommunications, consumer electronics, automotive, and healthcare, the need for high-performance active electronic components is on the rise.
One of the key drivers of this demand is the increasing complexity and miniaturization of electronic devices. As devices become smaller and more sophisticated, the demand for compact and efficient active electronic components is growing. These components enable the development of smaller, lighter, and more powerful devices, meeting the evolving needs of consumers and industries.
Rise in Internet of Things (IoT) Applications
The global market for active electronic components is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) applications. IoT refers to the network of interconnected devices that can communicate and exchange data with each other. These devices rely on active electronic components to process and transmit data, enabling seamless connectivity and automation.
The proliferation of IoT applications across various sectors, including smart homes, industrial automation, healthcare monitoring, and smart cities, is driving the demand for active electronic components. These components are essential for sensor integration, wireless communication, and data processing in IoT devices. As the IoT ecosystem expands, the demand for active electronic components is expected to grow further.
Focus on Energy Efficiency and Sustainability
Energy efficiency and sustainability have become key considerations in the design and manufacturing of electronic devices. Active electronic components play a vital role in improving energy efficiency by reducing power consumption and optimizing performance. As governments and organizations worldwide prioritize environmental sustainability, the demand for energy-efficient active electronic components is increasing.
Manufacturers are investing in research and development to develop active electronic components that consume less power, generate less heat, and have a longer lifespan. These components enable the development of energy-efficient devices, contributing to reduced carbon emissions and lower energy costs. The focus on energy efficiency and sustainability is expected to drive the growth of the global active electronic components market.
Integration of Active Electronic Components with Advanced Technologies
The integration of active electronic components with advanced technologies, such as artificial intelligence (AI) and Internet of Things (IoT), is a significant trend in the market. AI algorithms can optimize the performance of active electronic components by analyzing data and making real-time adjustments. This integration enhances the functionality and efficiency of electronic devices, enabling intelligent automation and decision-making.
Furthermore, the integration of active electronic components with IoT technologies enables seamless connectivity and data exchange between devices. This integration opens up new opportunities for applications such as smart homes, smart cities, and industrial automation. Manufacturers are focusing on developing active electronic components that can seamlessly integrate with these advanced technologies, driving the growth of the global market.
Segmental Insights
Product Type Insights
Think semiconductors – they were the big winners in 2022, grabbing 57.5% of the revenue pie! And guess what? We're expecting them to keep growing fast, with a CAGR of over 7.0% in the years ahead. Within the semiconductor world, ICs (that's Integrated Circuits) are king. They snagged a whopping 55.3% of the market in 2022, and they're predicted to zoom ahead with an even faster CAGR of over 8.1%! Why all the fuss? Well, a semiconductor is this cool substance that sits between an insulator and a conductor, basically controlling the flow of electricity in all sorts of gadgets. That makes it super important for electronic chips and all kinds of devices, even things like solid-state storage.
An SMD (Surface Mount Device) Electronic Component made of multiple transistors, diodes, resistors, and capacitors in a tiny semiconductor chip are an Integrated Circuit (IC). ICs, or Integrated Circuit Electronic Components, are small and light, providing more significant outcomes while using less power. An Integrated Circuit (IC) is the integration or assimilation of several electronic components (primarily transistors) on a chip (or single device) constructed of semiconductor material. ICs are extensively utilized in various applications such as televisions, mobile phones, laptops, audio players, routers, etc.
End-user
In 2022, consumer electronics really took the lead, grabbing a whopping 31.1% of the revenue share! And guess what? We're expecting it to keep booming, with a super speedy growth of over 7.0% each year for the foreseeable future. What's fueling all this? Well, everyone wants more semiconductor devices for their gadgets, like digital cameras, mobile phones, gaming devices, wearable devices, and even Set-Top Boxes (STB), among many others. Plus, all that networking equipment – modems, routers, repeaters, and gateways – is in huge demand, especially for getting things done in the office and making our homes smarter. So, because we're all buying more network devices and other IT goodies, active electronics components are set to be in higher demand too.
In June 2022, Nokia Corporation, a Finland-based telecommunication, IT, and consumer electronics company, launched a new Fiber-ToThe-Home (FTTH) kit to help service providers deliver fiber networks to rural regions in the U.S. The package contains all the equipment and licenses for the operator to set up a standard 1,000-home community. The package includes active equipment for the central office (OLT or the optical line terminal), a fiber termination device for the home (ONT or the optical network terminal), and Wi-Fi modules inside the house. Over a single port, the kits support GPON and XGS-PON.
The automotive world is revving up, expected to grow at a pretty impressive 7.2% each year for a while! To grab your attention, car companies are packing in all sorts of cool electronics and tech. And with fancy, ultra-luxury cars getting more popular, the market for active electronic components is really taking off. Think about itcars are relying more and more on electronic gadgets and safety features these days. That means we're seeing way more electronic parts inside our vehicles. These components are often used to make engines and transmissions work even better. They let a car's powertrain PT systems chat with each other, sharing sensor signals and keeping everything running smoothly. We're talking sensors that track things like turbine speed, transmission fluid temperature, and even how far down you're pressing the throttle.
Regional Insights
In 2022, Asia Pacific really led the way, grabbing a whopping 54.5% of the revenue share! Think of Asia Pacific as the king of the global electronics world – a true manufacturing powerhouse, especially when it comes to those gadgets we all love. So, what's the secret sauce? Well, you've got lower labor costs, a ton of
We're expecting North America to really take off, growing at a pretty healthy rate of 6.3% each year. One big reason? Connected cars are becoming super popular, especially in the U.S. Big players like Verizon Inc. and AT&T Inc. are putting serious money into rolling out 5G, which will connect our cars to everything around them. COVID-19 might have slowed down the initial 5G rollout a bit, but the U.S. government is pushing hard to catch up by investing in better networks and "smart cities." Because of all this 5G action happening across North America, we're going to see a lot more telecom equipment being installed, which should really boost the active electronic components industry for years to come.
Recent Developments
- In June 2023, 5G Radios Shrinked with NXP’s NewTop-Side Cooling for RF Power, New top-side cooling packaging technology for RFpower enables smaller, thinner and lighter radio units, supporting quick andeasy deployment of 5G base stations.
- In June 2023, STMicroelectronics launched a groupof octal high-side switches combined with galvanic isolation for increasedrobustness. An RDS(on) of less than 260 mO improves energy efficiency andprotection diagnostics enable reliability and troubleshooting.
- In June 2023, Onsemi collaborated with Unikie andCoreHW and introduced an end-to-end positioning system that enables the simplerand faster development of more accurate, cost-effective, and power-efficientasset tracking solutions.
- In June 2023, Qualcomm announced a new satelliteIoT solution enabling uninterrupted remote monitoring and asset tracking.
- In May 2023, NIO and NXP Collaborated on 4D ImagingRadar Deployment. NXP's imaging radar technology enables NIO to significantlyimprove sensor resolution, extend detection range and enable the highest levelsof autonomous driving.
- In April 2023, Infineon Technologies AG announcedThe industry's first LPDDR memory to enable next-generation automotive E/Earchitectures. Infineon's SEMPERâ„¢ X1 LPDDR Flash provides secure, reliable, andreal-time code execution, which is critical for automotive domain and zonecontrollers.
- In April 2022, Intel Joined MITRE Engenuity’sSemiconductor Alliance to accelerate research, development, and prototyping ofsemiconductors.
- In March 2023, Onsemi launched an ultra-low-power,automotive-grade wireless microcontroller with Bluetooth Low Energyconnectivity.
Key Market Players
- Infineon Technologies AG
- AdvancedMicro Devices, Inc.
- STMicroelectronicsN.V.
- MicrochipTechnology, Inc.
- AnalogDevices, Inc.
- BroadcomInc.
- NXPSemiconductors N.V.
- IntelCorporation
- MonolithicPower Systems, Inc.
- TexasInstruments Incorporated
- QualcommInc.
- RenesasElectronics Corporation
- SemiconductorComponents Industries, LLC
Report Scope
In this report, the Global Active Electronic Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Active Electronic Components Market, By Product Type
- Active Electronic Components Market, By End-user Vertical
- Active Electronic Components Market, By Region
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