ALBANY, N.Y., Dec. 17, 2020
- Application of electronic devices across leading-edge industries and sectors such as defense, aerospace, automobiles, and cybersecurity has created new pathways for growth across the global active electronic components market
- The healthcare sector is also undergoing rapid digital transformation, thus, prompting hospital and healthcare centers to increase their use of electronic devices and systems.
ALBANY, N.Y., Dec. 17, 2020 /PRNewswire/ -- Advancements in the electronics industry have boded well for the growth of the global active electronic components market. Manufacturers of electronic devices follow meticulous approaches to develop archetypes and 3D models for the end products. This has helped these entities ensuring seamless control over the manufacturing process, while also fostering quality, accuracy, and resilience in manufacturing. Several manufacturers have deployed dedicated teams for product designing and development, enabling them to gather comprehensive insights about the entire manufacturing process. Henceforth, the global active electronic components market is projected to grow at a stupendous pace in the years to follow.
It is expected that the global active electronic components market would expand at a commendable CAGR of 8.4% for the forecast period ranging from 2019 up to 2027. Furthermore, the value of the global active electronic components market was pegged at US$ 252.54 Bn in 2018. These projections pertaining to the global active electronic components market can be attributed to advancements in several other domains such as digital integration, information and communication technologies (ICT), and artificial intelligence. Advancements in the technological fabric of the world shall reflect in the form of growth across the global active electronic components market.
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Key Findings of Market Report
The growth of the active electronic components market is also a function of digitalization across leading regions. Several industries are undergoing rapid digital transformation to leverage the benefits of cutting-edge electronic devices, automation technologies, and state of the art systems. Over the course of the next decade, leading industries such as defense and aerospace, cybersecurity, and healthcare are foreseen to induct the most nascent digital technologies. Furthermore, the quest of the electronics and semiconductors industry to tap into the requirements of other industries has also enabled the inflow of fresh revenues into the global active electronic components market. Government entities and private stakeholders are investing electronic manufacturing with the intent to mint fresh revenues.
The quest of the defense industry to develop premium electronic systems has generated ripples across the global active electronic components market. Active defense systems, automated military technologies, and surveillance devices are some of the core applications of electronics in the defense industry. Moreover, defense industries are also focused on acquiring greater reconnaissance and intelligence to defeat their foes during critical operations. The development of resilient drone systems has also played a vital role in expanding the role of electronics in the defense sector. In view of the factors mentioned herein, it is safe to state that the global active electronic components market would clock in formidable revenues in the times to follow.
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Active Electronic Components Market: Growth Drivers
Explore 330 pages of top-notch research, incisive insights, and detailed country-level projections on Active Electronic Components Market (Product Types - Semiconductor Devices: Diodes, Transistors, Integrated Circuits, and Optoelectronic Components; Display devices: Microwave Tubes, Cathode-ray Tubes, X-ray Tubes, Photoelectric Tubes, Triodes and Other Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/active-electronic-components.html
Global Active Electronic Components Market: Key Competitors
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Global Active Electronic Components Market: Segmentation
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