Active Electronic Component Market Size, Share, Opportunities, And Trends By Type (Diodes, Transistors, Integrated Circuits, Vacuum Tubes, Others), By Application (Automotive, Aerospace, Consumer Electronics, Healthcare, Manufacturing, Others), And By Geography - Forecasts From 2023 To 2028

The active electronic component market was valued at US$302.12 billion in 2021.

Any semiconductor or electronic device's building elements are known as active electronic components. These parts, which have basic functions, are essential for powering an electronic device. Although the electrical impulses are modified or controlled by active components in an electronic circuit that is powered by an external source. The market for active electronics components will expand significantly as a result of the increased digitization of numerous industries, which led to a rise in the demand for connectivity and mobility, and the increasing adoption in consumer electronics and the automotive industry boosting the active electronic component market growth during the forecasted period.

Active Electronic Component Market Drivers

• The rising usage of diodes will boost the market growth

Electrical circuits in electronic devices use signal diodes, which enable only one-way electrical data transmission. A diode has the benefit that it firstly loses less energy as the current travels through it, making it a perfect replacement for signals generated by tiny currents because a significant energy loss could result in signal distortion. As the number of electronic devices increases, the demand for signal diodes will also grow.  According to the Federal Reserve System, the industrial production of home electronic appliances climbed by 15.2% of rate from January 2022 to January 2023. According to World Bank data, the electronic and electric appliance industry is expected to increase further in the coming years. It will reach more than 450 billion US dollars in value by 2023. Diodes are, therefore, increasingly used in low-level digital circuits of electronic devices. As the production of electronic devices increases, the demand for signal diodes accelerates the active growth of the electronic component market.

• Increasing demand in the automobile industry will boost market growth

Automotive manufacturers worldwide focus on incorporating numerous electronics and technologies into their goods to attract more customers. The adoption of active electronic components in the car business benefits from the rising popularity of luxury and high-end vehicles. In July 2022, NXP Semiconductors announced a cooperation agreement with Hon Hai Technology Group to create platforms for a new generation of smart luxury connected automobiles. To provide architectural innovation and platforms for electrification, connectivity, and secure autonomous driving, Hon Hai, an electronics manufacturer and provider of technology solutions, aims to take advantage of NXP's automotive technology portfolio and extensive experience in safety and security. These parts enable communication and management of activities between the powertrain systems of an automobile. Automotive manufacturing drives the market growth for electronic components. According to the International Organization of Motor Vehicle Manufacturers (OICA), motor vehicle production had increased from 8,02,05,102 units in 2021 to 8,50,16,728 units in 2022, showing a 6% increase in production. This indicates that the demand for active electronic components is increasing with the accelerated development of the automotive industry worldwide, driving the growth of the active electronic components market.

Active Electronic Component Market – Geographical Outlook

• During the forecast period, the Asia Pacific region is expected to dominate the market

During the projection period, Asia-Pacific is expected to dominate the active electronic components market as the thriving electronics sector in regions like China and India are factors contributing to the market's expansion. For instance, according to the State Council of the People's Republic of China, major electronics manufacturers' added value increased 12.7% year over year in the two months between January and February 2022, as opposed to the 7.5% growth experienced by the nation's entire industrial sector. The demand for active electronic components is anticipated to rise due to the quick rollout of 5G networks and the expansion of Internet of Things (IoT) applications for devices, including assisted driving and vehicle-to-everything (V2X) connectivity for smart transportation and the use of EVs in the region. According to the IEA data, the registration of battery electric vehicles in China increased from 931 thousand units in 2020 to 2734 thousand units in 2021, showing the electric vehicle market share increased from 5 % to 16 % in a year. This increase in the region's electric vehicle usage will help boost the active electronic component market growth.

Active Electronic Component Market Key Developments.

• In December 2022, The TDK Corporation launched ModCap HF, a modular capacitor for DC link applications capable of operating at very high switching frequencies. The six freshly developed power capacitors in the B25647A* series have capacitance ranges between 640 and 1850 microfarads and are rated for between 900 and 1600 volts.

Active Electronic Component Market Scope:

The Active Electronic Component Market is segmented and analyzed as follows:

• By Type
  • Diodes
  • Transistors
  • Integrated Circuits
  • Vacuum Tubes
  • Others
• By Application
  • Automotive
  • Aerospace
  • Consumer electronics
  • Healthcare
  • Manufacturing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others