Global Active Electronic Components Market to Expand at 8.40% CAGR from 2015 to 2023

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Transparency Market Research has published a new report on the global active electronic components market. As per the report, the global active electronic components market stood at US$182.9 bn in 2014 and is predicted to reach US$376.9 bn by 2023 owing to the increasing adoption of micro-electromechanical systems (MEMS) and renewable energy resources. The report, titled ‘Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ states that the global active electronic components market is expected to expand at an 8.40% CAGR during the period from 2015 to 2023.

There are three primary types of electronic components, namely passive electronic components, active electronic components, and electromechanical components. Active electronic components depend on a particular source of energy and inject power into a circuit. Active electronic components are inclusive of semiconductor devices and display devices. During the past few years, technical advancements in the electronics and semiconductor industry have brought up enhancements in the applications of active electronic components.

Diodes, integrated circuits, optoelectronic components, and transistors are some of the semiconductor devices used on a large scale. Microwave tubes, x-ray tubes, triodes, photoelectric tubes, and cathode ray tubes are some of the display devices. The growing demand for portable display devices and electronic devices has propelled the global active electronic components market in the recent past. Going forward, factors such as the growing need for energy efficiency in electrical products and the introduction of new applications are predicted to propel the global active electronic components market in the years to come.

The global active electronic components market is segmented on the basis of region and product type. Based on region, the global active electronic components market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2014, the global active electronic components market was dominated by North America, which accounted for 32% of the market. The Asia Pacific active electronic components market is predicted to expand at a 9.10% CAGR during the period between 2015 and 2023.

Fairchild Semiconductor International, Inc., Texas Instruments, Inc., ST Microelectronics NV, ON Semiconductor, Diotec Semiconductor AG, Toshiba Corporation, Renesas Electric Corporation, Infineon Technologies AG, Maxim Integrated Products Inc., Analog Devices, Inc., and Everlight Electronics Co., Ltd. are some of the leading companies in the global active electronic components market.

Based on product type, the global active electronic components market is classified into microwave tubes, diodes, semiconductor devices, transistors, integrated circuits, display devices, and others. The display devices segment is predicted to expand at an 8.70% CAGR during the period between 2015 and 2023. In 2014, in terms of revenue, the x-ray tubes segment accounted for 28% of the global active electronic components market.

The global active electronic components market is highly fragmented in nature. Leading players are concentrating on expanding their businesses geographically to meet the growing requirements of customers. Mergers and acquisitions are predicted to assist leading players in maintaining their dominance throughout the forecast period.

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