The need for higher energy efficiency in electronic products along with the emergence of new applications is driving growth of the active electronic components market, which is anticipated to expand at a CAGR of 8.4% during the forecast period from 2015 to 2023. The overall active electronic component market was valued at US$ 182.9 Bn in 2014.
Albany, NY -- (SBWIRE) -- 01/20/2018 -- There are three types of electronic components namely: active electronic components, passive electronic components, and electromechanical components. Active electronic components rely on a source of energy (DC) and inject power into a circuit. Active electronic components include semiconductor devices, display devices, and others. During the last few years, technological advancements in electronics and semiconductor industry have enhanced the array of applications for active electronic components. Active electronic components include semiconductor devices and display devices. Various semiconductor devices include diodes, transistors, integrated circuits, and optoelectronic components. Further, display devices comprise of microwave tubes, cathode-ray tubes, x-ray tubes, photoelectric tubes, triodes and others.
This research study, titled "Active Electronic Components Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023," provides strategic analysis of the global active electronic components market, along with the market size in US$ Bn and growth forecast for the period 2015 to 2023. The report includes an in-depth analysis of the market drivers, restraints, and industry trends. It also highlights the significant growth opportunities for active electronic component manufacturers in the next few years.
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The research report provides a comprehensive assessment of stakeholder strategies, and the imperatives for succeeding in the active electronic components market. The report includes competitive analysis of various market segments based on types of active electronic components, and in-depth cross-sectional scrutiny across different geography segments of the active electronic components market. In order to aid in strategic decision-making, the report also includes the winning strategies adopted by key players operating in the active electronic components market. The report segregates the active electronic components market based on different geographies into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America was the largest market for active electronic components in 2014. Growth in this region is driven by growing adoption of renewable energy resources and micro-electromechanical systems (MEMS). Along with this, growing popularity of portable electronic devices will remain the key driver for the active electronic components market. Active electronic components market in North America is expected to be superseded by Asia Pacific during the forecast period. In 2014, North America accounted for around 32% of the overall active electronic components market. However, Asia Pacific is expected to witness fastest growth during the forecast period at a CAGR of 9.1%. China, Japan, Taiwan, and South Korea are among the major markets driving the demand for active electronic components in this region due to growing electronic manufacturing activity in these countries.
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The active electronic components include semiconductor devices, display devices and others. Various semiconductor devices include diodes, transistors, integrated circuits and optoelectronic components. In 2014, semiconductor devices accounted for around 50% share of the overall active electronic components market. Reduction in component size and reliability has been aiding the growth of active electronic components market. This has made them effective for use in miniature applications such as tablets, smartphones and smart watches. Further, rising global concerns for energy efficiency have increased the need for energy efficient active electronic components. The market for display devices is expected to expand at a CAGR of 8.7% from 2015 to 2023. Medical and military applications are driving the demand for display devices among active electronic components. Various display devices in the active electronic components market include microwave tubes, cathode-ray tubes, x-ray tubes, photoelectric tubes and triodes. In 2014, x-ray tubes segment held the largest revenue share of around 28% of the overall market for display devices market. X-ray tubes segment is expected to continue its market domination in the display devices segment throughout the forecast period from 2015 to 2023.
For detailed understanding of the active electronic components market, all these segments have also been estimated in terms of revenue (US$ Bn) for the geographies mentioned above. The market research study analyzes the active electronic components market worldwide, and provides revenue estimates in terms of US$ Bn for the years 2013 and 2014, along with the market forecast for the period 2015 to 2023. Market forecasts have been analyzed considering the impact of various economic, political, social, legal, and technological factors influencing market growth. Key players profiles in this study include Fairchild Semiconductor International, Inc., Infineon Technologies AG, Maxim Integrated Products, Inc, STMicroelectronics, Analog Devices, Inc., ON Semiconductor, Diotec Semiconductor AG, NXP Semiconductors N.V., Texas Instruments, Inc., Toshiba Corporation, Vishay Intertechnology, Inc., Everlight Electronics Co., Ltd., Panasonic Corporation and Renesas Electronics Corporation.
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The active electronic component market is segmented as follows:
Active Electronic Components Market, by Product Types
Semiconductor Devices
Diodes
Transistors
Integrated Circuits
Optoelectronic Components
Display Devices
Microwave Tubes
Cathode-Ray Tubes
X-ray Tubes
Photoelectric Tubes
Triodes
Others
Active Electronic Components Market, by Geography
North America
U.S.
Rest of North America
Europe
EU7
CIS
Rest of Europe
Asia-Pacific
Japan
China
Australasia
Rest of Asia Pacific
Middle East and Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America