Global Active Electronic Components Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Active Electronic Components market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.
Active Electronic Components Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Active Electronic Components Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.
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The global active electronic components market is projected to attain USD 495.2 billion, by 2025, and is estimated to grow at the CAGR of 9.6% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Increasing demand for electronic components especially in the production of smart home equipment including washing machines, air conditioners, and refrigerators is expected to boost market growth. In addition, increasing development in 5G infrastructure along with high demand for telecom and networking devices is also expected to bolster market growth.
Smart wearables like virtual reality headsets (VR), smartwatches are gaining in popularity. Consumers are willing to spend on health & entertainment which is projected to foster the growth of wearable devices. Moreover, supportive government investment for building advanced medical facilities & connected devices is supporting the market growth. Thus, the increasing demand for connected and smart devices is fostering the growth of the active electronic component.
In the automotive industry, the growing demand for advanced and connected cars is expected to positively impact on market growth. Various applications like navigation systems, telematics, smart parking, and safety are increasing the need for electronic devices. Additionally, growing demand for advanced modems and microcontrollers with a focus on high connectivity for autonomous cars is anticipated to spur the demand for electronic components over the forecasted period.
Growing trend of industrial IoT or industry 4.0 is projected to increase the demand for advanced IoT devices from the manufacturing industry. Key players in the market focus on developing new technologies to improve their productivity. Smart manufacturing including machine to machine communications is expected to surge the adoption of active electronic devices/components. However, the growing trade war between China and U.S. may hinder the market growth.
Some of the companies for Active Electronic Components market are:
NXP Semiconductors NV; Infineon Technologies AG; STMicroelectronics; Texas Instruments Incorporated; Toshiba Corporation; Semiconductor Components Industries; Maxim Integrated; Intel Corporation; Broadcom Inc.; Renesas Electronics Corporation; Qualcomm Inc.; Microchip Technology Inc.; Analog Devices, Inc.; Monolithic Power Systems Inc; and Advanced Micro Devices.
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