Global Active Electronic Components Market: Growing Investments from Semiconductor Industry Giants to Boost Market Growth

Electronic components can be broadly categorized into electromechanical components, active electronic components, and passive electronic components. The active electronic components refer to display device, semiconductor devices, and others. Various semiconductor devices include transistors, integrated circuits diodes, and optoelectronic components. In 2014, semiconductor devices held approximately 50% of the global active electronic components market. Reduction in component size and reliability boosted the growth of the market. This has propelled the usage of active electronic components in miniature applications such as tablets, smartphones and smart watches. Further, growing concerns for energy conservation have increased the need for energy efficient active electronic components.

The global active electronic components market is projected to expand at a CAGR of 8.4% during the period between 2015 and 2023. The overall market was worth US$182.9 bn in 2014 and is expected to reach a valuation of US$376.9 bn by 2023. The growing demand for display devices across the military and medical sectors is driving the active electronic components market.

Neuromorphic Chips: The Latest Development in Semiconductor Devices Research

Neuromorphic chips constitute of a network of transistors that interact in a way similar to that of neurons, thereby allowing them to process analog input such as visual information. Neuromorphic chips process the analog inputs more accurately and faster than silicon chips. Processors designed to mimic neurons and neural circuits offer great advantages in terms of scalability and power consumption. Optoelectronic components have emerged as a suitable solution for building such processors as photons are faster than electricity moving along a trace. Researchers from Princeton University have demonstrated the usage of graphene as an optical capacitor. An optical capacitor stabilizes the function of laser transistors across optical neuromorphic circuits.

Intel Invested US$12 bn on Research Related to Semiconductor Devices in 2015

Taking a keen interest in the recent research studies on active electronic components, the global semiconductor chipmakers are investing massively in research and development activities. In 2015, Intel Corp., the U.S.-based industry giant made an investment worth US$12.1 bn on semiconductor research. It was followed by Qualcomm Inc. with an investment value of US$3.7 bn. Samsung Electronics took the third position with US$3.13 bn spent on semiconductor R&D. The investment value of Samsung is 5% more from the previous year’s investments worth US$2.97 bn. 

It is interesting to note that how the presence of industry giants such as Intel and Qualcomm has boosted the growth of the active electronic components market in North America. In 2014, North America dominated the overall market. However, in the coming years, the growing demand for active electronic components from the rapidly growing electronic manufacturing industry across China, Taiwan, Japan, and South Korea will propel the growth of the market in the Asia Pacific region.


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