Active Electronic Components Market To Surpass USD 569.6 Billion By 2032 SNS Insider

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Active Electronic Components market Size & Growth Report

Active Electronic Components Market is witnessing growth due to the adoption of advanced technologies and increasing demand for connected devices.

AUSTIN, TX, UNITED STATES, February 4, 2025 /EINPresswire / -- Market Size & industry Insights

As Per the SNS Insider,“The Active Electronic Components Market was valued at USD 318.5 billion in 2023 and is expected to reach USD 569.6 billion by 2032 with CAGR of 6.69% over the forecast period of 2024-2032.”

The Growing Importance of Active Electronic Components in Emerging Technologies

Electronic parts are the structural blocks in an electronic system and determine the motion of electrons with their respective fields. Active electronic parts can produce amplification, power gain, and serve as alternating current circuits in a device. Some common examples include transistors, integrated circuits, and oscillators. They function on a source of power. Usually, that source of power is a DC circuit. The demand for high-end technologies is growing in sectors like telecommunication, automobile, and consumer electronics. Active electronic components are becoming more prominent as the need grows.

Emerging technologies such as Internet of Things devices and smart home systems require active electronic components. Thus, it boosts market growth. High investments in automation and technology also contribute to an exponential increase in the market size for these components.

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SWOT Analysis of Key Players as follows:
Infineon Technologies
Texas Instruments
Intel
Broadcom
Microchip Technology
Monolithic Power
NXP Semiconductors
Toshiba
Maxim Integrated
Qualcomm
Analog Devices

Semiconductor Devices and Consumer Electronics Leading Growth in Active Electronic Components Market

By Product
The semiconductor devices segment held the highest share in 2023, accounting for about 56% of the Active Electronic Components Market. This segment is expected to continue to grow at the fastest CAGR during the forecast period.

Semiconductor devices are used in most modern electronics for crucial purposes, including data processing, power regulation, and connectivity. Because these gadgets can offer energy-efficient solutions and allow electronic products to be miniaturized, they are increasingly being in high demand. As industries try to involve themselves more into technological development, the demand for semiconductor components continues to increase, enhancing their market share.

By End User
The consumer electronics segment dominated the Active Electronic Components Market with a share of 32% in 2023 and is also expected to grow at the fastest CAGR over the forecast period 2024-2032. The prominence of this segment can be attributed to the wide adoption of advanced gadgets like smartphones, laptops, and wearable devices. Moreover, the growing inclination toward smart home systems and connected devices also supports the growth of this segment. This industry continues to be a significant driver for market growth with the ongoing introduction of innovative consumer technologies and the increasing affordability of smart products.

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KEY MARKET SEGMENTS:

BY PRODUCT
Optoelectronic Devices
Vacuum Tubes
Semiconductor Devices
Display Technologies

BY END-USER
Healthcare
Consumer Electronics
Telecommunication
Manufacturing
Information Technology
Automotives
Aerospace And Defense

Regional Analysis

North America region held the highest share of the Active Electronic Components Market in 2023. The primary reasons behind this scenario are the presence of established technology companies, widespread usage of security systems and advanced electronic devices across the United States, Canada, and Mexico, and significant investment in R&D and technological advancements in the region.

The Asia-Pacific region is expected to have the highest CAGR in the forecast period 2024-2032. The region's growth is boosted by the explosive demand for electronic devices, including smartphones, mobile gadgets, and wearable technology. A rising middle-class population and increased disposable incomes in countries such as China, India, and Japan fuel the market. Furthermore, several key electronic component manufacturers are located in the region, further fueling the growth of the Active Electronic Components Market.

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Recent Developments

December 2024: The Profet power switches substitute traditional fuses and are intended to help Stellantis establish intelligent power management. Supply and capacity agreements on Profet power switches and Siliziumkarbid-CoolSiC semiconductors have been reached between Stellantis and Infineon Technologies.

September 2024: NXP Semiconductors intends to invest over USD 1 billion to increase its research and development activities nearly two times here in India during the next three to four years, said an official of the company. Addressing Semicon India 2024, NXP Executive Director, President, and CEO said his company is seeing the whole of the industry-engaging downstream through the automotive industry, the industry sector that going to make India extremely powerful as an economy.

Table of Content - Major Points Analysis

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Research Methodology

Chapter 4. Market Dynamics Impact Analysis

Chapter 5. Statistical Insights and Trends Reporting

Chapter 6. Competitive Landscape

Chapter 7. Active Electronic Components Market Segmentation, by Product

Chapter 8. Active Electronic Components Market Segmentation, by End-User

Chapter 9. Regional Analysis

Chapter 10. Company Profiles

Chapter 11. Use Cases and Best Practices

Chapter 12. Conclusion

Continued...

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Akash Anand
SNS Insider
+1 415-230-0044
...

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