Active Electronic Components Industry Value US $387 Billion Forecast by 2022
Electronic component are industry products which are used to affect electrons in an electronic system. These electronic components are divided into different types as active components, passive components and electromechanical components. Active components are the components which produce energy in the form of current or voltage whereas the passive components are the components which store energy in the form of current or voltage.
Active electronic components consist of semiconductors, diodes, transistors, vacuum tubes, display technologies, optoelectronic devices and others. Diodes are used to conduct electricity easily in one direction whereas transistors are used to amplify and switch electronic signals in an electronic system. Vacuum tubes consist of photo tubes, X-Ray tubes, cathode ray tube, phototube, magic eye tube and others. The study indicates that X-Ray tubes have contributed for large revenue share among the vacuum tubes in the active electronic component market. Display technologies include Vacuum fluorescent display, LED, LCD, Plasma display and others. The optoelectronic devices consists of Opto-Isolator, Opto-Coupler, Photo-Coupler and others.
In this rapidly progressing environment, the growing demand of high-tech electronic products such as digital cameras, gaming consoles are contributing in the growth of electronic industry resulting to positive growth in the Active Electronic Components Market. The active electronic components are used in various industries including semiconductor, healthcare, manufacturing, and consumer electronics among others. Developments in computer aided systems; internet of things (IoT), automated technologies are some of the major driving factors of active electronic components market.
The Global Active Electronic Components Market is expected to grow at USD ~387 Billion by 2022, at ~8% of CAGR between 2016 and 2022.
The prominent players in the Active Electronic Components Market are – Hitachi AIC Inc. (Japan), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Panasonic Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electric Corporation (Japan) and Maxim Integrated (U.S.) among others.
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The regional analysis of Active Electronic Components Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America is dominating the active electronic component market. But it has been observed that in coming years Asia- Pacific region would grow significantly in the active electronic component market.
Asia – Pacific countries like China, India and Japan are ahead in the in Active Electronic Components market due to increasing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization and many more. The study predicts that Europe would have a steady growth in active electronic component market.
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