Active Electronic Components Market Size to Exceed US $519 Bn by 2026

SELBYVILLE, Del., November 25, 2019 (Newswire.com) - ​As per the latest study titled ‘Active Electronic Components Market, [By Product (Display Devices, Semiconductor Devices, Optoelectronic Devices, Others); By End-User (Information Technology and Semiconductor, Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Others); By Region]: Market size & Forecast, 2018 – 2026’ available from Market Study Report LLC, the global active electronic components market is expected to amass US $519 billion by the year 2026.

Increasing awareness and adoption of advanced technologies such as MEMS, IoT, and NEMS in tandem with the rising demand of consumer electronics and the introduction of smart devices and wearable are the key parameters augmenting the growth of active electronic components (AEC) market. As the automotive industry is expanding, focus on modernizing automobiles is also increasing. This factor, coupled with various technological advancements, the emergence of new markets, changing consumer demographics, and demand from various applications are further propelling AEC market growth.

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In terms of product type, active electronic components market is classified as optoelectronic devices, semiconductor devices, display devices, and others. Based on application spectrum, the consumer electronics segment dominated the AEC market in 2017, says the report.

Speaking of regional landscape, North America active electronic components market held the largest regional share in 2017, pertaining to extensive adoption of business intelligence and security systems across the region. Increasing sales of modernized luxury vehicles, rising number of smart city development projects, inflow of funding for R&D, and high demand for connected devices will further boost the regional market growth.

Main contenders operating in active electronic components market include NXP Semiconductors N.V., Infineon Technologies AG, Analog Devices, Inc., Toshiba Corporation, Hitachi AIC, Inc., Texas Instruments, Inc., Diotec Semiconductor AG, Panasonic Corporation, Fairchild Semiconductor International, Inc., and Renesas Electronics Corporation.

Notably, the study encompasses ecosystem analysis and offers insights about the market and its dynamics, which includes trends, restraints, opportunities, and drivers. It analyzes the competitive landscape of the active electronic components market using Porter’s Five Force method. The report studies the market for major regions which are North America, Asia Pacific, Europe, and Latin America.

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Question & Answer: Active Electronic Components Market

Question 1: Why is active electronic components market registering constant growth?

Answer: Increasing awareness and adoption of advanced technologies such as MEMS, IoT, and NEMS in tandem with the rising demand of consumer electronics and the introduction of smart devices and wearable are the key parameters augmenting the growth of the active electronic components (AEC) market. As the automotive industry expands, focus on modernizing automobiles is also increasing. This factor, coupled with various technological advancements, emergence of new markets, changing consumer demographics, and demand from various applications are further propelling the AEC market growth.

Question 2: What is the expected valuation of the active electronic components market in the upcoming years?

Answer: The global active electronic components market is expected to amass US $519 billion by the year 2026.

Question 3: Which region dominated the active electronic components market in 2017?

Answer: The North America active electronic components market held the largest regional share in 2017, pertaining to the extensive adoption of business intelligence and security systems across the region. Increasing sales of modernized luxury vehicles, rising number of smart city development projects, inflow of funding for R&D, and high demand for connected devices will further boost regional market growth.

Question 4: How is the competitive landscape of the active electronic components market defined?

Answer: Main contenders operating in active electronic components market include NXP Semiconductors N.V., Infineon Technologies AG, Analog Devices, Inc., Toshiba Corporation, Hitachi AIC, Inc., Texas Instruments, Inc., Diotec Semiconductor AG, Panasonic Corporation, Fairchild Semiconductor International, Inc., and Renesas Electronics Corporation.

Related Report:

Vibration Monitoring Market Share, Size, Trends, Industry Analysis Report 2019-2026

The global vibration monitoring market size is anticipated to reach USD 3,574.3 million by 2026. The report 'Vibration Monitoring Market Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By End-User (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 - 2026' provides a complete analysis of present market trends and future insights.

In 2018, the hardware segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Vibration Monitoring market revenue in 2018. The increasing modernization of factory equipment, and stringent regulations regarding energy efficiency and workforce safety majorly drive the market growth.

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