Active Electronic Components Market 2021 Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Forecast by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Active Electronic Components Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Active Electronic Components Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

The major electronic components are classified into active and passive electronic components. The typical active electronic components consist of integrated circuits, diodes and transistors and many more. The growth in the active component segment is expected to be primarily driven by LED & Integrated Circuits due to the introduction of digitization in most of the products. The active electronic components can be used in extensive areas like consumer electronics, automotive, aerospace & defense, healthcare and many more. Examples of consumer electronic components include television sets, home theatre systems, video game devices, portable audio devices, digital still and video cameras and white appliances such as refrigerators and washing machines. Increase in use of mobile phones is leading to more innovations in this sector especially processors with high energy efficiency and faster performance.

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The rising trend towards the Internet of Things, increasing automation across various industries, increasing growth of portable devices are driving the market. It is predicted that the Internet of Things (IoT) will add billions of new nodes or units on the Internet. The new units include sensors, data storage devices, computers, and related infrastructure. IoT helps in connecting and integrating the devices with various software systems and networks. The developments in the computer-aided system are also supporting the market growth. However, the uncertainty in raw material pricing and a shortage of electronic components are hampering the market growth.

Table of Contents:

1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Increasing trend towards Internet of Things
2.1.2 Increasing automation across various industries
2.1.3 Developments in computer aided system
2.1.4 Increasing growth for portable devices
2.2 Market Restraints
2.2.1 Electronic Component Supply Shortage
2.2.2 Increasing raw material prices
2.3 Market Opportunities
2.3.1 Trend towards manufacturing of energy efficient equipment
2.4 Challenges
2.4.1 Improving Material Properties
2.5 Global Active Electronic Components Market Supply Chain
2.6 Porter’s Five Forces Analysis
3 Global Active Electronic Components Market, By Product Type
3.1 Introduction
3.2 Sub-segment
3.2.1 Semiconductor Devices
3.2.2 Optoelectronic Devices
3.2.3 Display Technologies
3.2.4 Vacuum Tube
3.2.5 Others
4 Global Active Electronic Components Market, By End-User
4.1 Introduction
4.2 Sub-segment
4.2.1 Consumer Electronics
4.2.2 Automotive
4.2.3 Aerospace & Defense
4.2.4 Healthcare
4.2.5 Information Technology
4.2.6 Others
5 Global Active Electronic Components Market, By Region
5.1 Introduction
5.2 Market, By Regions
5.2.1 North America U.S. Canada Mexico
5.2.2 Europe U.K Germany France Rest of Europe

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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