General Electronic Components Market | Contrive Datum Insights

Market Overview:

The Global General Electronic Components Market Was Valued At USD 513.74 Billion In 2022 And USD 812.66 Billion Is Growing At CAGR Of 5.9% During The Forecast Period 2022 To 2030.

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The sales of general electronic parts and related services make up the general electronic components market. These parts and services are used in a wide range of industries, including aerospace, telecommunications, automotive, and others. A general electronic component is a device that works in an electronic system and affects fields that are related to that system. Multiple electrical terminals on these parts are connected to make electronic circuits with specific functions, such as amplifiers or oscillators.

At least in the short term, the war between Russia and Ukraine has made it harder for the world economy to recover from the COVID-19 pandemic. Because of the war between these two countries, economic sanctions have been put in place against several countries, raw material prices have gone up, and the supply chain has been interrupted, which has hurt many markets around the world. With a CAGR of 5.7%, the market for general electronic components is expected to reach $646.14 billion by 2026.

A physical part of an electronic device that is used to change the electronic field is called an electronic component. There are two types of electronic parts: those that do something and those that don't. Electronic parts that are active are used to make energy in the form of voltage, while electronic parts that are passive are used to store energy in the form of current. Passive components can only decrease the energy of the signal they are connected to. Active components, on the other hand, can either increase or decrease the energy of the signal.

Market Dynamics:

Market Trends:

• Growing Development of Quantum Computers is Trending in the Market

More and more quantum computers are being made, which is driving the semiconductor market around the world. The global market for passive electronic components is being driven by this trend. For example, in 2020, IBM released 28 quantum computers that were each made of 27 qubits and had a quantum volume of 64. The quantum volume can be used to measure how complicated and long a circuit is. This means that a higher quantum volume makes it more likely that a solution to a real-world problem in industry, research, or government can be found. So, this trend is likely to keep going in the global market for passive electronic components over the next few years.

Driving Factors:

• Increasing Demand of Smart devices

The demand for active electronic components has gone up because smartphones, laptops, and other wearable devices are becoming more and more popular, and because industrial automation is getting better. Because MEMS technology is being used so quickly in the healthcare and auto industries, there is more demand for active electronic parts on the global market. One of the best things about active electronic parts is that they can use small amounts of electricity to make a bigger amount of power. Semiconductors, like diodes, transistors, and integrated circuits, are the parts that do the most work.

• Surge in Demand for Active Electronic Components in Various Sectors

Active electronic components were once only used on printed circuit boards and in consumer electronics. But these gadgets are being used more and more in the military, in space and satellite technologies, and in vehicles. Because more people are using renewable energy and more people are buying electric and hybrid cars, the market for active electronic components is growing. A few examples of renewable energy fixtures or equipment are UPS and invertors, panels, and solar turbines. Active electronic components are things like photodiodes and phototransistors.

• Growing Preference for Miniaturized Design is Propelling the Market Pace

In the consumer electronics industry all over the world, more and more people want and need electronics that are lighter, smaller, and better at what they do. So, the demand for electronics and parts that are smaller has grown a lot in recent years. Also, because technology is changing so quickly, there are now products that have more than one feature on the same platform. As end-user industries have gotten better, the need for strong and small semiconductor devices has also grown. For example, PCB boards for smartphones need to be smaller. So, it's likely that this factor will help the market grow in the near future. The global market for active electronic components faces big problems from rules and regulations. The industry is run by a set of rules that cover things like intellectual property rights, product safety, and how the industry affects the environment. If a company doesn't follow these standards, it could face fines, product recalls, and damage to its reputation.

Restraints/Challenges:

• Regulations and Standards 

The global market for active electronic components faces big problems from rules and regulations. The industry is run by a set of rules that cover things like intellectual property rights, product safety, and how the industry affects the environment. If a company doesn't follow these standards, it could face fines, product recalls, and damage to its reputation.

International standards like ISO 9001 and IEC 60068 govern the quality and dependability of products on the global active electronic components market. Smaller businesses may not be able to get into the market because of the cost of testing and certification needed to meet these standards. The industry also has to deal with the fact that technology changes quickly and that electronic systems are getting more and more complicated. During the forecast period, this problem is likely to slow the growth of the market in question.

• Increase in Cost of Metals to Impede the Market Growth

The cost of making parts is going up because the price of metal is going up. Recently, the prices of raw materials like iron, nickel, and molybdenum have gone up and down. Because of the Covid-19 pandemic, the world market for precious metals was hurt. Also, things like labor disputes, mine closures, speculation, and refinery closures are affecting the cost of critical metals that are used to make passive electronic components in large quantities. For example, according to the World Bank, the price of a metric of nickel rose from US$ 16,823.04 in December 2020 to US$ 18,584.38 in February 2021. So, it is likely that this factor will slow the growth of the market in the near future.

• Fluctuation in Prices

Given that the prices of raw materials change a lot, the biggest problem for these manufacturers is figuring out how to make even more electricity at even lower prices than they are now.

Opportunities:

• Growing Penetration of Smartphones

Smartphones and other wearable gadgets, as well as industrial automation, have increased the need for active electronic components. The demand for active electronic parts is going up in the automotive and healthcare industries, and more people are using technology. This is good for the market for active electronic parts. As cars have become more modern and people want more technologically advanced cars, the use of active electronic parts has increased. The market is growing because more and more consumer products and wearables are using active electronic parts, and more and more renewable energy sources are being used. Active electronic components are being used more and more in connected devices, which is driving their use all over the world.

• Increasing Focus of Vendors on Enhancing their Global Manufacturing

Over the next few years, the global passive electronic components market is expected to grow in a number of ways as more vendors work to improve their global manufacturing and customer service capabilities. In the future, both active and passive functions will be built into passive electronic parts to make them more complex and offer a full subsystem solution. So, market players are working to improve their global manufacturing and customer service skills. Along with this, the use of 5G, driver-assist technology, and automotive telematics, among other things, is likely to lead to more demand for passive electronic components. So, these factors will give the global market for passive electronic components many good chances to make money.

• Emergence of Wireless Charging Pads and Supercapacitor Charging Points

During the period of the forecast, the market for passive electronic components is also expected to grow thanks to the rise of wireless charging pads and charging stations for supercapacitors. In the near future, there will be more supercapacitor charging points and wireless charging pads all over the world. These are the electrical equivalent of a gas station that fills a car's tank in minutes. These ways of charging can be made even better by putting supercapacitors in the roads so that EVs can get power even when the cars are moving quickly or stopped at traffic lights. The passive electronic components market is likely to have a lot of room for growth thanks to these factors.

Strategic Development:

• In June 2021 - Kemet Corporation (Yageo Group) released a new composite metal power inductor MPEV. These inductors are qualified for AEC-Q200 surface area. This inductor can be used in DC-to-DC power supplies that need more resistance to heat up to +180°C.
• In January 2021 - Panasonic Corporation released the New ERJ-Hxx Series Automotive Grade, High Temperature Thick Film Chip Resistors. These resistors have a maximum category temperature of 175°C and a maximum rated operating temperature of 105°C.
• In December 2020 - Panasonic Corporation announced that its TQC series of POSCCAP Conductive Polymer Tantalum Solid capacitors would be expanded to include small cases with a high voltage and a lot of capacitance. One of the new features is a small case size of 3.5mm x 2.8mm for a small PCB footprint.
• In July 2020 - Vishay Intertechnology, Inc. released the ENYCAP electrical double-layer energy storage capacitor. This capacitor is used for power backup and energy harvesting. The company said that these capacitors come in seven smaller case sizes that range from 10mm x 20mm to 12.5mm x 40mm and have capacitance values from 5F to 22F.
• In September 2019 - NXP Semiconductors N.V. showed off a protected fine-going chipset called SR100T. This chipset is mostly made for modern cell phones that have Ultra-Wide Band (UWB) and need to be able to find their location very accurately. Still, a few players are focusing on mergers and acquisitions to strengthen their position in the market as a whole.
• In June 2019 - Infineon Technologies AG bought Cypress Semiconductor Corp. to improve its product line and place in the market.

Key Vendors:

Top market players are

• Vishay Intertechnology

Vishay makes one of the largest selections of discrete semiconductors and passive electronic components in the world. These parts are essential to new designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets.

• Fairchild Semiconductor

Fairchild Semiconductor Corporation makes and sells products that use semiconductors. It sells load switches, transistors, sensors, drivers, transceivers, and products for cars.

• STMicroelectronics

STMicroelectronics is a global, independent semiconductor company that is a leader in developing and delivering semiconductor solutions for a wide range of microelectronics applications.

• Texas Instruments

Texas Instruments Inc. (TI) designs, makes, and sells semiconductors to companies that make and design electronics. Its analog and embedded processors divisions offer standard semiconductor products that are made for specific uses. There are power and signal chain products in the company's line of analog chips.

• Toshiba

Toshiba Corp is a diversified company that works in electronics, electrical equipment, and IT. It designs, develops, makes, and sells storage devices, point-of-sale (POS) systems, energy-saving products and services, semiconductors, semiconductor manufacturing equipment, microwave semiconductors and components, tablets, home appliances, power systems, transmission and distribution systems, and water treatment systems.

• NXP Semiconductors N.V.

Through innovation, NXP Semiconductors makes the world smarter, safer, and more eco-friendly. As the world leader in secure connectivity solutions for embedded applications, NXP is pushing the limits in the automotive, industrial & IoT, mobile, and communication infrastructure markets.

• Panasonic Corporation

Panasonic Holdings Corp (Panasonic), which used to be called Panasonic Corp, makes, sells, and fixes a wide range of electric and electronic goods. Panasonic makes room air conditioners, TVs, fixed-phones, digital cameras, video equipment, home audio equipment, rice cookers, lamps, wiring devices, air conditioning equipment, air purifiers, and bicycles.

• Renesas Electric Corporation

Renesas Electronics Corp (Renesas) designs, develops, makes, and sells many different kinds of semiconductors. The company makes microcontrollers and microprocessors, discrete and power devices, power devices, amplifiers, switches and multiplexers, DC/DC converters, radio frequency amplifiers, flow sensors, gas sensors, power and battery management, data converters, automotive sensors, transistor arrays, and memory interface products.

• Hitachi

Hitachi Ltd., or Hitachi, is a multinational company with interests in information technology, electronics, power systems, social infrastructure, industrial systems, and construction machinery. The company makes and sells information and telecommunications systems, power systems, social infrastructure and industrial systems, construction equipment, electronic systems and equipment, automotive systems, and smart life and eco-friendly systems.

• Infineon Technologies

Infineon Technologies AG (Infineon) is a company that makes and sells semiconductors. Application-specific ICs are designed, developed, made, and sold by the company. It has products like microcontrollers, RF, sensors, interfaces, and transistors.

Segmentation Analysis:

The market is segmented on the basis of type, product type, end-user and region.

By Type Outlook:

The market is split into Capacitors, Inductors, and Resistors based on the type. Over the next few years, Ceramic Capacitors are expected to have the biggest share of the global market. This is because more and more manufacturers are coming up with new ways to make ceramic capacitors smaller. For example, in June 2020, Murata Manufacturing Co. Ltd. announced that it was making a multilayer ceramic capacitor with a size of 01005 and a capacitance value of 1.0 F. This capacitor would be used in a variety of consumer smartphones and smartphones for business.

Tantalum capacitors are also expected to grow a lot in the near future. This is because avionics and military applications are using them more and more. Electrolytic capacitors with tantalum are a subtype. As demand grows, market players are coming up with new ways to meet it. Vishay Intertechnology Inc. added new ratings in the B and C case codes to its EP1 wet tantalum capacitor in September 2020 to meet the rising demand.

• Capacitors
• Inductors
• Resistors

By Product Type:

Nearly half of the revenue in the global market for active electronic components came from semiconductor devices in 2022, and the market is expected to grow quickly over the next few years. The growth of the segment is mostly due to the fact that new products are being made all the time and that the market wants more devices that use less energy. There are also transistors, diodes, optoelectronic components, and integrated circuits in the semiconductor devices segment. Out of these, integrated circuits brought in a lot of money, about USD 90 Bn in 2019. This is because integrated circuits are becoming more and more popular in high-tech devices like vehicle automation systems, laptops, and network devices, among others. The rise of the segment is due to the widespread use of semiconductors in a wide range of applications, such as home appliances, personal computers, cell phones, and network equipment. Also, the current trend of making things smaller and the development of systems that use less energy are driving up demand for semiconductor devices and related parts.

Semiconductor devices brought in the most money of any segment. The growth of the market is due to the strong use of semiconductor devices in a wide range of applications, such as home appliances, personal computers, smartphones, network equipment, laptops, and many others. Also, the current trend of making systems smaller and more energy-efficient is good for the demand for semiconductor devices and the parts that go with them. For example, gallium nitride (GaN) is becoming more popular because it has the potential to provide more power density and better efficiency than silicon MOSFETs and insulated-gate bipolar transistors (IGBTs). GaN devices are also cheaper because they are smaller and more efficient. An increase in power density makes it possible to put more processing power on the data center rack in the form of more processors, graphics cards, and RAM.

• Semiconductor Devices
• Transistors
• Diodes
• Optoelectronic Components
• Integrated Circuits
• Display Devices
• Cathode-ray Tubes
• Microwave Tubes
• X-ray Tubes
• Triodes
• Photoelectric Tubes
• Optoelectronic
• Vacuum Tubes
• Others

By End-User:

The market is divided into Automotive, Consumer Electronics, Aerospace and Defense, Energy, Communications/Servers/Data Storage, Industrial, and Medical, based on the End User Industry. Automotive is expected to be the biggest part of the global market over the next few years. This is because there is a growing need for electronic parts in automotive applications. With the rise of autonomous vehicle technologies, new features and functions are being added to cars. Because of this, the automotive industry needs a lot of passive parts like capacitors.

The consumer electronics market is also expected to grow a lot in the near future. This is because capacitor technology is getting better and better. The high-tech capacitors meet the strict performance needs of smartphones. Microelectromechanical systems (MEMS) technology is now being used by capacitor makers to make ultra-small capacitors for smartphone antenna systems. So, the growth of the segment is being driven by the growing demand for these kinds of passive electronic components in consumer electronics.

• Healthcare
• Aerospace and Defense
• Manufacturing
• Automotive
• Consumer Electronics
• Others

Regional Insights:

Geographically, the global market for General Electronic Components has been looked at in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).
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In 2015, more than 40% of the world's revenue came from Asia Pacific, and this is expected to stay the case throughout the forecast period. Emerging economies like China, India, and South Korea are all in this area. In these countries, the demand for general electronic components has gone up because industries like consumer electronics and telecommunications are growing quickly. More foreign direct investment and good policies from the government are also expected to help the regional market grow over the next few years.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• This study gives an in-depth look at the global active electronic components market forecast, including current trends and predictions for the future. This helps investors find the best places to put their money right now.
• Along with a detailed analysis of the global active electronic components market share, the report gives information about the key factors that are driving, stopping, and opening up the market.
• The current market is looked at quantitatively to show the growth scenario of the global active electronic components market.
• The report gives a detailed analysis of the market for active electronic components based on how competitive it is and how it will change in the coming years.