As the world is heading swiftly towards digitalization with advanced technology, the global market for active electronic components is witnessing rapid growth in the last few years.
Researchmoz
provides key insights into the global active electronic components market including
trends, drivers, and restraints of the market.
The global
active electronic components market is expected to expand at a CAGR of 8.4%
between 2019 to 2027.
The trends in
the active electronic components market are witnessing growth, owing to a surge
in the demand for consumer goods such as laptops, smartphones, smart wearables,
gaming consoles, and other advanced devices. Further, the world moving towards
5G networks is also driving the market growth. The key players in the global
active electronic components market are quickly leveraging the latest
technology to gain market share and increase their profitability.
Factors Driving and Restraining the Market
Some of the major factors that are driving the global
active electronic components market are-
- Automotive Sector: The
increasing demand for electric and connected vehicles with embedded GPS,
drivers’ assistance, telematics, and digitalized parking is paving the way
for the expansion of the active electronic components market. The
automotive giants are heavily investing in electric car manufacturing to
meet the rising demand for the same, and to cater to the needs for 5G
infrastructure the telecom players are spending on the active electronic
components.
- Consumed Goods: Since the
advent of technology, digital products and services have become a part and
parcel of every household. The rising sales of smartphones, laptops,
tablets, etc. are attributed to the market growth. The onset of covid- 19
pandemic has played a significant role in the demand for phones, laptops,
and tablets as not only the work population that are working from remote,
even the schools are operating online. This has risen the demand for routers,
high bandwidth, and networking devices, thus taking the market growth of
active electronic components to newer heights. Also, the market for
energy-efficient and sustainable power to attribute towards the growth of
the active electronic component market.
Although there
are several factors that contribute to the expansion of the active electronic
components market, there are a few factors that may hinder the growth to some
extent:
Trade
Relationship between U.S.A and China: China happens to be the largest exporter
of active electronic components, however, there is a trade conflict between
China and the U.S.A with regard to imports, and this might hinder the growth of
the global active electronic components market to some extent.
However, the
good news is the availability of state-of-the-art healthcare facilities and
remote patient handling by the clinics and wellness houses is projected to spur
the demand for the active electronic components.
Analyst’s Overview
The global
active electronic components market is definitely expecting a boom in the
coming years, thanks to the availability of advanced technology and consumers’
increased purchasing power. Several factors including the government’s spending
on military intelligence and navigation, and investments in smart city projects
are likely to augment the active electronic components market in the near
future. Of all, the semiconductor market is likely to dominate due to the surge
in sales of consumer goods and 5G enabled devices.
The market will
witness the entry of new players to cash in on the market growth and widen
their market presence.
Competitive Landscape
The global
active electronic components market is highly fragmented with severe
competition among the key players. Several players are focused on mergers and
acquisitions to expand their product range and capitalize on market presence.
While some other players looking to launch innovative products using technology
to the best. Also, many companies are setting up new facilities in new regions
to leverage geographical expansion. For instance, Diotec Corporation is setting
up new facilities to start the manufacturing of electronic components. Some of
the prominent players include-
- Texas Instruments, Inc.
- Maximum Integrated
- Analog Devices, Inc.
- Qualcomm, Inc.
- Broadcom, Inc.
- Microchip Technology, Inc.
- Monolithic Power Systems, Inc.
- Infineon Technologies AG
- Toshiba Corp.
- Intel Corp.
- NXP Semiconductors NV.
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