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Tag: active electronic components

Active Electronic Components Market Pegged at $376.9 Bn by 2023

Active Electronic Components Market Pegged at $376.9 Bn by 2023
According to industry analysts, the active electronic components market was worth $182.9 billion in 2014 and is projected to reach $376.9 billion by 2023, growing at a compound annual growth rate of 8.4% during the forecast period of 2015-2023. Key drivers of growth in this area are micro-electromechanical systems (MEMS) and the wider adoption of renewable energy resources, as well as the increasing popularity of portable electronic devices. Typically North America has dominated the market, but during the forecast period it is expected to be superseded by Asia Pacific. Asia Pacific is projected to experience the fastest growth by 2023,...

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