The North America Active Electronic Component Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,049.1 million units, showcasing a growth of 5.0 % (2019-2022).
Active electronic components are used in a vast array of applications across various industries. They are critical in consumer electronics, telecommunications, automotive electronics, industrial automation, medical devices, and aerospace. There is a trend toward miniaturization and integration in the market. Integrated circuits (ICs) are becoming smaller and more powerful, allowing for the creation of compact and high-performance electronic devices. Telecommunications equipment relies heavily on active electronic components to process and transmit signals efficiently. These components are used to construct network infrastructure, base stations, routers, switches, and communication devices. This sector is essential for RF amplifiers, optoelectronic components, and ICs for signal processing.
Likewise, the automotive industry incorporates these components in various applications, including engine control units (ECUs), infotainment systems, advanced driver-assistance systems (ADAS), and power management systems. Transistors, microcontrollers, sensors, and ICs are crucial for vehicle electronics, enhancing safety, performance, and connectivity. Moreover, these components are at the heart of industrial automation systems, which control and monitor machinery, sensors, and actuators.
PLCs (Programmable Logic Controllers), motor drivers, sensors, and microcontrollers are used to automate manufacturing processes, ensure precision, and improve productivity. The medical industry relies on these components for various applications, from diagnostic equipment like MRI machines and ultrasound devices to medical devices such as pacemakers and insulin pumps. Sensors, microcontrollers, amplifiers, and RF components are essential in medical electronics, contributing to patient care and diagnostics.
The Government of the United States, with its ‘Investing in America’ agenda and its vision for growing the economy from the middle out and bottom up – Bidenomics – is creating opportunity across the country. Due to legislation passed by President Biden, the Biden-Harris Administration has already awarded $260 billion in funding for 35,000 infrastructure projects across the country. Companies have announced over $500 billion in investments in the United States since President Biden took office, and the Administration has helped over 19 million households save money on their internet costs.
The US market dominated the North America Active Electronic Component Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $81,695.5 million by 2030. The Canada market is experiencing a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2023 - 2030).
Based on Product Type, the market is segmented into Semiconductor Devices (Integrated Circuits (ICs), Transistors, Diode, Optoelectronics), Vacuum Tube, Display Devices and Others. Based on End User, the market is segmented into Consumer Electronics, Networking & Telecommunication, Manufacturing, Aerospace & Defense, Automotive, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Active Electronic Component Market is Predict to reach $477.7 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Technologies AG, Advanced Micro Devices, Inc., STMicroelectronics N.V., Microchip Technology, Inc., Analog Devices, Inc., Broadcom Inc., NXP Semiconductors N.V., Intel Corporation, Texas Instruments, Inc., Toshiba Corporation, Skillsoft Corporation.
By Product Type (Volume, Million Units, USD Million, 2019 to 2030)
By End User (Volume, Million Units, USD Million, 2019 to 2030)
By Country (Volume, Million Units, USD Million, 2019 to 2030)
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