by The active electronic components market size was evaluated at USD 382.15 billion in 2024 and is predicted to attain around USD 867.16 billion by 2034 with a CAGR of 8.53%.
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Market Key Takeaways
- Asia Pacific led the active electronic components market, generating over 38% of the total revenue in 2024.
- The semiconductor segment dominated the market, contributing more than 58% of the revenue in 2024.
- The consumer electronics segment emerged as the leading end-user, holding the largest market share in 2024.
- The consumer electronics segment accounted for a 32% revenue share in the end-user category in 2024.
Market Overview
The active electronic components market is expanding rapidly, driven by increasing demand across various industries, including consumer electronics, automotive, telecommunications, and healthcare. Components such as semiconductors, diodes, transistors, and integrated circuits are essential in modern electronic devices. The rise of smart technologies and automation is further accelerating market growth.
Drivers
The widespread adoption of IoT, AI, and 5G technologies is a major driver for the market. Growing consumer electronics demand, particularly for smartphones, laptops, and wearables, is also fueling growth. Additionally, the increasing use of electronic components in electric vehicles and smart home applications is boosting market expansion.
Opportunities
Advancements in semiconductor technology and miniaturization of electronic components are creating new opportunities. The development of smart cities, industrial automation, and renewable energy solutions is expected to further drive demand. The shift towards high-performance computing and edge computing also presents new growth avenues.
Challenges
Market growth is hindered by challenges such as supply chain disruptions, rising raw material costs, and complex semiconductor fabrication processes. High R&D expenses and regulatory concerns related to electronic waste management also pose hurdles for manufacturers.
Regional Insights
Asia Pacific leads the market, supported by a strong manufacturing base and increasing demand for consumer electronics. North America remains a key player due to advancements in automotive and industrial electronics. Europe’s market is driven by investments in green energy and electric vehicles, while emerging economies in Latin America and the Middle East are gradually expanding their presence in the sector.
Active Electronic Components Market Companies
- Infineon Technologies AG
- Fairchild Semiconductor International, Inc.
- Maxim Integrated Products Inc.
- Texas Instruments, Inc.
- Analog Devices, Inc.
- ST Microelectronics NV
- Diotec Semiconductor AG
- ON Semiconductor
- Toshiba Corporation
- NXP Semiconductors NV
- Everlight Electronics Co., Ltd.
- Vishay Intertechnology, Inc.
- Renesas Electric Corporation
- Panasonic Corporation
Recent Developments
- In January 2023, The HiRel DC-DC converter business of Infineon, comprising its hybrid and custom board-based power products, has been definitively agreed to be acquired by Micross Components, Inc. (“Micross”), according to an announcement from Infineon Technologies AG. This sale will allow Infineon to decrease its emphasis on companies that need more specialized product offerings for the high-reliability market and increase investments, and its attention on core semiconductor advancements for that market.
- In December 2022, In western Japan’s Hyogo Prefecture, Toshiba revealed that it is going to build a new manufacturing facility for power semiconductors at the Himeji Operations. Production is expected to begin in the spring of 2025 once construction begins in 2024. In comparison to fiscal 2022, the project will almost treble Toshiba’s Himeji manufacturing capabilities for automotive power semiconductors.Infineon Technologies AG announced in July 2016 that it would acquire Cree Inc.’s R.F. power and Wolf speed Power divisions. Infineon was able to strengthen its position in the semiconductor business as a result of the agreement.
- NXP Semiconductors N.V. announced the SR100T, a secure fine-ranging chipset, in September 2019. This chipset is primarily developed to deliver very accurate positioning performance for next-generation Ultra-Wide Band (UWB)-enabled mobile devices.
- Infineon Technologies AG purchased Cypress Semiconductor Corp. in June 2019 to expand its product portfolio and market position.
- In December 2022, Texas Instruments, a market pioneer in high-voltage semiconductor products, revealed that the newest 65-W laptop power adapter, Le Petit, by Chicony Power will be powered by TI’s integrated gallium nitride (GaN) technology. Chicony Power and TI worked together to develop a design that reduced the size of Chicony’s energy converter by 50% and increased efficiency by up to 94% while utilizing TI’s LMG2610 half-bridge GaN FET with an integrated gate driver.
Segments Covered in the Report
By Product
- Semiconductor Devices
- Transistors
- Diodes
- Optoelectronic Components
- Integrated Circuits
- Display Devices
- Cathode-ray Tubes
- Microwave Tubes
- X-ray Tubes
- Triodes
- Photoelectric Tubes
- Optoelectronic
- Vacuum Tubes
- Others
By End User
- Consumer electronics
- Healthcare
- Automotives
- Aerospace and defense
- Information Technology
- Others
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