Global active electronic components market is expected to accumulate a valuation of around $519 billion by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
According to the report, in terms of revenue, the consumer electronics end-user segment dominated the global market in 2017, while in terms of regional classification, North America contributed the biggest share in the global active electronic components market.
The findings of the report suggest that the market is primarily driven by the rising demand for active electric components in consumer electronics and wearables and increasing penetration of smart devices. Development in the global automotive industry, along with surging demand in the healthcare sector will boost product demand in the future. The evolution of MEMS and NEMS technologies, as well as IoT, will enhance the demand for active electronic components. Furthermore, the rise in modernization of automobiles, adoption of smart technologies, and myriad technological advancements are the ancillary factors supporting the global active electronic components market growth. New emerging consumer demographics, emerging markets, and surging demand from diversified industries would present lucrative growth prospects for the industry over the forecast period, cites the report.
The report further mentions that in 2017, North America garnered the highest share in the global active electronic components market. The factors influencing market growth within the region include rising demand for business intelligence, security systems, consumer electronics, increasing technological advancements along with surging investments in R&D. Rising luxury and modernized automobile sales, growing adoption of IoT and connected devices as well as increasing development of smart cities further contribute to the growth of the North America active electronic components market, cites the report.
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The report provides a detailed analysis of the global active electronic component market drivers, restraints, valuations, and growth opportunities over the forecast period. A deep dive analysis of the report in terms of PEST analysis, value chain analysis, product benchmarking, regional segmentation, new market entrants, and competitive ranking analysis have also been detailed in the report.
The dynamics of the global active electronic components market have been elaborated in the report under market forces, market driver analysis, and others. The report includes a detailed summary of the leading products surfacing in the business sphere including display devices market, optoelectronic devices market, semiconductor devices market, and others, along with offering valuable industry analysis based on Porter’s five force encompassing bargaining power of supplier, bargaining power of buyer, threat of substitutes, threat of new entrants, and degree of competition.
The competitive landscape of the active electronic component market includes key players like Infineon Technologies AG, Toshiba Corporation, NXP Semiconductors N.V., Texas Instruments, Inc., Analog Devices, Inc., Panasonic Corporation, Hitachi AIC Inc., Fairchild Semiconductor International, Inc., Renesas Electronics Corporation, and Diotec Semiconductor AG. These companies roll out new products and team up with other market leaders to innovate and introduce new products to the market that can satisfy the ever-growing consumer needs and requirements, thereby expanding the global active electronic components market size during the forecast period.