Active Electronic Components Market Competitive Landscape and Industry Poised for Rapid Growth 2022

Market Highlights

Acknowledging the kind of growth, this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global active protection system market is expected to reach exponential heights by 2023; registering a 7% CAGR throughout the review period (2018 to 2023).

Primary Drivers and Top Barriers {Active Components in Electronics}

Increasing modernization of vehicles coupled with mounting demand for luxury and technologically advanced vehicles has also led to a high adoption of active electronic components. Growing applications of active electronic components in consumer goods paired with rising use of renewable energy resources induce market growth. In addition, advancing use of active electronic components in connected devices has helped the market achieve further success over the years.

Increasing penetration of smartphones as well as other wearable devices, along with industrial automation, has boosted the demand for active electronic components. Soaring demand for active electronic components in the healthcare and automotive sectors combined with surging adoption of MEMS technology benefits the global active electronic components market.

The market also profits from surging concerns about energy efficiency and the rising trend of IoT, which is prompting players to come up with low-cost and energy-efficient active electronic components. Moreover, frequent technological advancements and accelerated demand from developing economies are believed to be working in favor of the active electronic components market.

Segmentation:

The global active electronic components market size has been carefully studied by MRFR and has been narrowed down to segments like product type and end-users.

Considering the product type segment, the market includes optoelectronic devices, integrated circuits, semiconductor devices, vacuum tubes, display technologies, and others. The integrated circuits had been the leading segment, valued at USD 76.96 Billion in 2016. The segment shows signs of achieving a growth rate of 11.42% in the following years.

The end-users in the active electronic components market are healthcare, information technology consumer electronics, aerospace & defense, automotive, and others. The consumer electronics sector controls the largest share in the global active electronic components market, thanks to the surging demand for smart devices along with the growing disposable incomes in developing countries. As a result, the consumer electronics segment can attain a CAGR of 11.95% during the review period, and its value in 2016 was estimated at USD 73.5 Billion.

Regional Insight

The North American region dominates the global active protection system market with a significant market share. Substantial technological advancements and their uptake alongside the colossal defense budget drive the market growth in the region. 

The European region is another lucrative market for APSs. Continuous improvement of warfare platforms with newer and advanced technologies is a key driving factor responsible for the growth of the regional market. European countries such as the U.K. and Germany backed by the enormous investments in APS and related technologies account for the significant growth contributors to the market growth in the region.

The Asia Pacific region is rapidly emerging as a promising market for APS due to the advancements in the APS related technologies. Simultaneously, increasing expenses on the development and up-gradation of the defense sector, especially in India and China are resulting in creating a large revenue pocket for the region.

Significant Players

Significant companies shaping the worldwide active electronic components market include Renesas Electric Corporation (Japan), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), Maxim Integrated (U.S.), Panasonic Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), Hitachi AIC Inc. (Japan), Infineon Technologies AG (Germany), to name a few..

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