Active Electrical Components Market Size, Share, Growth, and Industry Analysis, By Type (Semiconductor Devices, Vacuum Tubes, Display Devices and Others), By Application (Consumer Electronics, Networking & Telecommunication, Automotive, Manufacturing, Aerospace & Defense, Healthcare and Others), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

ACTIVE ELECTRICAL COMPONENTS MARKET REPORT OVERVIEW

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The global active electrical components market size was USD 286790 million in 2021 and the market is projected to touch USD 443180 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.

An electronic component is a fundamental physical device or object in an electronic system that affects electrons or their related fields. Active electronic components, passive electronic components, and electromechanical components are the three primary categories of electronic components. Active electrical components are devices or parts inside an electrical circuit that have the ability to influence the flow of current. Active components, as opposed to passive components (such as resistors, capacitors, and inductors), require an external power source to work and can amplify or regulate electrical signals.

COVID-19 Impact: Pandemic Caused Lockdowns and Travel Restrictions Downgraded the Demand and Deflated the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a substantial impact on market capacity in the component supply chain. Wuhan, a Chinese city in the hub of the COVID-19 pandemic, is home to a variety of electrical and mechanical suppliers. Because the region was under lockdown, industries were unable to work at full capacity. Furthermore, the virus's spread throughout China had a significant impact on a number of enterprises. Component shortages have risen as a result of COVID-19's extensive dissemination. Several nations, including Malaysia, the Philippines, and Indonesia, were unable to manufacture or export parts. As a result, OEMs worldwide were unable to import or manufacture their goods. As of March 2020, France, the United States, Germany, Iran, Korea, Spain, Italy, and China were among the worst-affected countries in terms of increasing COVID-19 cases and reported deaths. Adoption of lockdowns, travel restrictions, and company closures resulted in a major drop in the growth curve of many economies throughout the world.

LATEST TRENDS

"Rising Market for Wearables and Growing Adoption of MEMS Technology to Advance Up the Market Growth"

The growing popularity of smartphones and other wearable gadgets, as well as industrial automation, has increased demand for active electronic components. The growing need for active electronic components in the automotive and healthcare sectors, as well as the increasing acceptance of MEMS technology, are driving the active electronic components market. Vehicle modernization and increased demand for technologically sophisticated automobiles have hastened the introduction of active electronic components.The rising uses of active electronic components in consumer products and wearables, as well as the growing usage of renewable energy resources, drive market growth. The rising usage of active electronic components in connected devices drives active electronic component adoption worldwide.

ACTIVE ELECTRICAL COMPONENTS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into semiconductor devices, vacuum tubes, display devices and others.

Semiconductor Devices: Semiconductors used to amplify or switch electrical impulses. Bipolar Junction Transistors (BJTs) and Field-Effect Transistors (FETs) are two common varieties. Semiconductor devices that enable current to flow in just one way. Light-Emitting Diodes (LEDs) are specialized sorts that emit light when a current runs through them. Miniaturized electronic circuits on a single chip that incorporate several linked semiconductor components. Microprocessors, memory chips, and operational amplifiers are among examples.

Vacuum Tubes: Three electrode vacuum tubes (cathode, anode, and control grid) that may magnify signals. They were common in early electronic gadgets and audio amplifiers. Additional electrodes are added to vacuum tubes to boost performance and overcome restrictions observed in triodes. Vacuum tubes were used to display pictures in earlier televisions and computer displays.

Display Devices: Modulate light and create visuals with liquid crystals. Typically found in computer displays, TVs, and other electronic equipment. When a current runs through semiconductor materials, they emit light. In use in a variety of display applications, such as electronic signs and indication lights. When an electric current is applied, organic molecules emit light. OLEDs can generate brilliant colors and are utilized in high-quality displays like as some smartphones and televisions.

• By Application

Based on application the global market can be categorized into consumer electronics, networking & telecommunication, automotive, manufacturing, aerospace & defense, healthcare and others.

Consumer Electronics: ICs are microprocessors, memory chips, and other specialized circuits that are found in practically all consumer electronic devices. Amplifiers, signal processing circuits, and power management applications all make use of this material.

Diodes: Rectifiers, light-emitting diodes (LEDs), and other applications make use of this material. Audio amplification, signal conditioning, and other analog applications require this. Screens in smartphones, TVs, tablets, and other devices rely on active components such as OLEDs, LCDs, and LED displays.

Networking & Telecommunication: Allow devices and networks to communicate with one another. Signal amplification in networking equipment. Routers, switches, and other network equipment must be powered. Lasers and photodetectors are active components required for fiber-optic communication systems. Signal processing and modulation are performed in base stations and communications equipment.

Automotive: Engine management, safety systems, and infotainment are all under your control. For driver assistance, safety, and navigation, active components such as accelerometers, gyroscopes, and proximity sensors are employed. In electric and hybrid cars, active components are used for power management and motor control. In automobile communication systems such as Controller Area Network (CAN) buses, microcontrollers and transceivers are employed.

Manufacturing: Used in manufacturing processes for automation and control. In industrial contexts, it is used for process control, monitoring, and automation. Variable frequency drives and motor controllers use active components. For accurate management of production processes, use microcontrollers, transistors, and other active components.

Aerospace & Defense: Navigation systems, communication systems, and radar systems all require active components. Components made to survive tough circumstances, such as high temperatures and vibrations. Used in a variety of defense applications, such as missile guiding systems. Used in electronic warfare and surveillance systems.

Healthcare: In equipment such as MRI machines, X-ray machines, and ultrasound systems, active components are critical. Monitor vital signs via microcontrollers, sensors, and amplifiers. Pacemakers and defibrillators contain active components such as integrated circuits. Electronic diagnostic equipment used in laboratories and medical facilities has active components.

DRIVING FACTORS

"Rising Demand in Automotive and Industrial Applications to Aid the Market Sales"

Active electronic components were formerly exclusively used in a few applications like as printed circuit boards and consumer electronics. However, their employment in military, space and satellite technologies, and vehicle applications has expanded.The expanding usage of electric and hybrid cars, as well as the increasing use of renewable energy, are fueling the market expansion for active electronic components. Several renewable energy fixtures or equipment include UPS and inverters, panels, and solar turbines. These devices include photodiodes and phototransistors, which are active electronic components.

"Demand for Higher Performance and Power Efficiency to Accelerate the Market Growth"

Active components are being developed in response to the growing need for electronic devices with increased performance, speed, and usefulness. This encompasses computing, telecommunications, consumer electronics, and industrial automation applications. With a rising emphasis on energy efficiency, there is a continuing push to design active components that consume less power. This is especially significant in battery-powered gadgets, IoT (Internet of Things) applications, and other systems.

RESTRAINING FACTORS

"Limited Lifespan and Temprature Sensitivity to Impede the Market Growth"

Active components, especially semiconductor devices, have a limited lifetime. Thermal stress, voltage spikes, and manufacturing flaws can all contribute to the degeneration of these components over time, eventually leading to failure. The performance of active components can be affected by temperature changes. Extreme temperatures can have an impact on the efficiency and reliability of electronic circuits, perhaps leading to malfunctions or decreased performance. However, the limited lifespan and temprature sensitivity to compact the active electrical components market growth.

ACTIVE ELECTRICAL COMPONENTS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Rule Over with High Dominance in the Global Electronics Sector"

"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

Asia Pacific held as the leading active electrical components market share of more than half in 2022. Asia Pacific leads the global electronics market and is recognized as a consumer electronics manufacturing powerhouse. Asia Pacific is emerging as the leading electronics manufacturing and exporting region due to a number of advantageous factors such as comparatively lower labor costs, the existence of a large pool of highly skilled workers, increasing foreign direct investments, government initiatives bolstering the manufacturing of electronic components, and preferred trading access to Europe and North America.

KEY INDUSTRY PLAYERS

"Major Industry Participants Using innovation and market expansion to shape the market"

Prominent market players have a crucial role in shaping consumer preferences and market dynamics, exerting a significant influence on the market. Because of the vast retail networks and online platforms of these massive firms, customers have easy access to a wide number of garment options. Their well-known brand and powerful worldwide presence have enhanced product uptake while also fostering consumer loyalty and confidence. These titans of the business also routinely invest in R&D to modify electric heating wire to meet changing customer needs and preferences. The outcome is innovative features, materials, and designs for the product. The combined efforts of these huge corporations have a substantial impact on the market's future trajectory and level of competition.

List of Market Players Profiled

• Infineon Technologies AG (Germany)

• NXP Semiconductors NV (The Netherlands)

• Texas Instruments, Inc. (U.S.)

• Toshiba Corp. (Japan)

• Intel Corp. (U.S.)

• Maxim Integrated (U.S.)

• Broadcom, Inc. (U.S.)

• Qualcomm, Inc. (U.S.)

• Analog Devices, Inc. (U.S.).

INDUSTRIAL DEVELOPMENT

• June 2023: With their novel top-side cooling package, NXP has made a breakthrough in 5G radio technology. This breakthrough technology enables more compact and lightweight radio modules, making 5G base station deployment easier and faster. The improved top-side cooling for RF power allows smaller and thinner radios, easing 5G infrastructure installation.

• June 2023: To improve endurance, STMicroelectronics has introduced a line of octal high-side switches with inbuilt galvanic isolation. These switches have a low RDS (on) of less than 260 m, which improves energy efficiency. They also provide protection diagnostics, which improve dependability and make troubleshooting easier.

REPORT COVERAGE

The study contains a full SWOT analysis as well as forecasts for future market expansion. It investigates a wide range of market categories and potential applications that may have an impact on the market's trajectory in the coming years, as well as significant factors that contribute to the market's growth. The study provides a thorough review of the market's components and identifies potential growth prospects by considering both historical turning points and current trends.