iCrowdNewswire Dec 31, 2020 12:00 AM ET
The study reveals that Active Electronic Component is trending in North America region. The active electronic components is gaining demand in the market is due to increase in consumer electronics and automation across various organizations.
The growth of the electronics industry has triggered the expansion of electronic component industry as well. The electronic components produced in North America include, among others, Picture Tubes, Diodes, Transistors, Power devices, Resistors, Capacitors, Switches, Relays, Connectors, Magnetic heads, etc.
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Taking a keen interest in the recent research studies on active electronic components, the global semiconductor chipmakers are investing massively in research and development activities. In 2015, Intel Corp., the U.S.-based industry giant made an investment worth US$12.1 billion on semiconductor research. It was followed by Qualcomm Inc. with an investment value of US$3.7 billion. Samsung Electronics took the third position with US$3.13 billion spent on semiconductor R&D. The investment value of Samsung is 5% more from the previous year’s investments worth US$2.97 billion.
The global active electronic component market is growing rapidly over ~10% of CAGR and is expected to reach at USD ~ 330 billion by the end of forecast period
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Active Electronic Components Market Research Report -Forecast to 2023”.
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Global Active Electronic Components Market Segmentation:
The global active electronic components is segmented on the basis of product type and end-users. On the basis of product type the segment is further classified into semiconductor devices, optoelectronic devices, display technologies, vaccum tube and others. On the basis of end-users the segment is further classified into consumer electronics, healthcare, automotive, aerospace & defense, information technology and others.
Some of the key players in the 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.)
Market Research Analysis:
On geographic basis, global active electronic components market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the active electronic component market. The active electronic components are gaining huge demand due to the increasing automation across industries and rise in internet of things (IoT) in these regions. In this market, Asia Pacific is to be estimated to be the second largest market share for active electronic components during the forecast period due to the increasing demand of increasing penetration of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization. Asia Pacific is expected to gain highest CAGR in the coming years due to rise in industrial automation and rise in usage of consumer electronics.
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