Active
electronic components are used in areas such as telecommunications,
consumer electronics, and computers, among others. These components
form electronic circuitry and are manufactured or utilized within the
electronics field. The requirement for enhanced energy efficiency in
electronic products and the emergence of a number of applications is
fuelling the demand for active electronic components. The electronics
industry engages in designing, producing, creating, and selling
devices such as televisions, radios, stereos, computers, and other
electronics products. The numerous components required by the
electronic industry for building various electronic products are
supplied by the electronic components industry. The two industries
complement one another and help in forming a key segment that caters
to economies all around the world.
Rising
Adoption of Renewable Energy Sources to Propel Active
Electronic Components Market
The
increasing trend of using hybrid and electric vehicles and increasing
adoption of sources of renewable energy will fuel the global active
electronic components market in forthcoming years. In addition,
recent technological advancements within active electronic components
have raised the demand for small-sized hand-held devices such as
tablets, smartphones, and PDAs. The convenience and networking
potential of these electronic devices have fuelled the usage of smart
wearable devices including smart wrist bands and smart watches, among
others. Hence, the demand for reduced component size and increased
reliability has raised the demand for active electronic components.
In addition, the increasing concerns regarding energy efficiency have
raised the requirement for active electronic components that aid in
conservation of energy, thus stimulating the market for active
electronic components. On the other hand, rising electronic waste due
to the use of active electronic components may impede the growth of
the market in the coming years.
Semiconductor
Devices Led the Market in 2014
On
the basis of product type, the market is segmented into diodes,
semiconductor devices, integrated circuits, display devices,
optoelectronic components, cathode ray tubes, microwave tubes,
photoelectric tubes, x-ray tubes, triodes, and others. Amongst these,
the segment of semiconductor devices held the biggest share in 2014
and is predicted to rise exponentially in forthcoming years. This is
owing to the rising product innovations and growing demand for
energy-efficient devices within the electronics industry. The
semiconductor devices segment includes transistors, diodes, and
optoelectronic components, among others. On the other hand, the
prime applications of display devices include consumer electronics,
display systems, and medical electronics.
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North
America Active Electronic Components Market Held a Share of 32%
On
the basis of geography, the active electronic components market is
segmented into Europe, Asia Pacific, Latin America, North America,
and the Middle East and Africa (MEA). Amongst these, in 2014, North
America emerged as the biggest market and held a share of 32% in the
market for active electronic components. This is due to the
increasing adoption of micro-electromechanical systems and renewable
energy resources. However, the regional segment of Asia Pacific is
poised to supersede North America in the coming years and is
predicted to grow exponentially, rising at a healthy 9.10 % CAGR from
2015 to 2023.
Infineon
Technologies AG, Texas Instruments, Inc., Fairchild Semiconductor
International, Inc., Maxim Integrated Products Inc., Analog Devices,
Inc., ON Semiconductor, NXP Semiconductors NV, Toshiba Corporation,
Diotec Semiconductor AG, Vishay Intertechnology, Inc., Panasonic
Corporation and Everlight Electronics Co., Ltd., among others, are
the prime players operating in the market.
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