Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Type Coverage, End User Coverage, Geographic Coverage and By Company)

The active electronic components market is poised for significant growth, with the publisher projecting its value to increase from $300.2 billion in 2022 to $478.9 billion by 2030, representing a robust CAGR of 6.9% from 2023 to 2030.

Key Market Trends

1. Rise of Electric and Hybrid Vehicles: The market for active electronic components is expanding due to the increased demand for electric and hybrid vehicles, leading to greater use of power electronics in automotive applications.
2. Innovative Materials: The development of novel materials such as graphene and carbon nanotubes, known for their high conductivity and unique electronic properties, is driving market growth.
3. Medical Equipment Utilization: Active electronic components are finding growing applications in medical equipment, including implanted devices, surgical instruments, and diagnostic tools.
4. Supply Chain Challenges: Supply chain disruptions can lead to delays in active electronic component deliveries, potentially hampering market expansion. Concerns over cyberthreats and attacks related to connected devices may also limit industry growth.
5. Semiconductor Dominance: The semiconductor segment, driven by increased adoption in home appliances, personal computers, phones, networking equipment, and more, holds the largest revenue share in the market.
6. Consumer Electronics Leadership: In 2022, the consumer electronics end-use sector held the highest market share, fueled by rising demand for semiconductor devices in smartphones, wearable technology, digital cameras, and gaming consoles.
7. Asia-Pacific Dominance: Asia-Pacific is expected to claim the largest share of the global active electronic components market, with major markets in China, South Korea, Japan, and Taiwan. Increased demand for electronic devices like smartphones, tablets, and laptops drives growth in this region.
8. North American Growth: North America is set to experience significant growth in the active electronic components market, driven by the adoption of advanced technologies such as the Internet of Things (IoT), smart homes and buildings, and autonomous vehicles.

Key Growth Determinants

Swelling Consumer Electronics Industry: The demand for active electronic components is on the rise due to factors such as smartphones, wearable technology, industrial automation, and growing technology usage. The automotive and healthcare sectors are also contributing to the increased usage of active electronic components.

Unprecedented IoT Penetration: The rising demand for the Internet of Things (IoT) is a primary driver for active electronic components. IoT technology connects objects or things with electronics, software, sensors, and network connectivity, creating a network of interconnected devices.

Increasing Investments in Smart City Projects: Investments in smart city projects are boosting the market for active electronic components. Smart city development involves incorporating information and communication technologies into a city's infrastructure to enhance resource management.

Major Growth Barriers

Complicated Regulatory Landscape: Complex regulations related to product safety, environmental sustainability, and intellectual property rights pose challenges for market participants. Adapting to changing regulations and ensuring compliance throughout the supply chain requires resources and expertise.

Supply Chain Disruptions: The active electronic components market faced challenges in 2022 due to supply chain interruptions caused by factors such as raw material shortages, geopolitical unrest, trade disputes, and natural disasters. These disruptions affected component availability and prices.

Regional Highlights

Asia Pacific Leading the Way: Asia Pacific is expected to dominate the active electronic components market, driven by the increasing use of the internet and smartphones. The region benefits from the rapid growth of digital mapping, 3D maps, and innovations in digital mapping technology.

North America Embracing Advanced Technologies: North America is experiencing the fastest growth in the active electronic components market, thanks to significant investments in smart city development and the adoption of portable electronic devices. The expansion of 5G network infrastructure further fuels demand.

Competitive Landscape Analysis

With numerous companies in the industry, intense competition is expected. Major players are focusing on integrating advanced technology with active electronic components used in consumer electronics through research and development. Strategies such as mergers and acquisitions and the introduction of new products are being employed to strengthen market positions and capture a significant market share.

This product will be delivered within 1-3 business days.