Active Electronic Components Market Segmentation, Market Players, Trends and Forecast 2023
Active Protection System (APS) is a co-system combined into
or installed on armored vehicles or combat vehicles. APS can automatically
trackand respond to the attacks/ targets with hard or soft kill capabilities
including RPGs and ATGMs as per the situation. Such protection systems are used
for detection and neutralization of threat projectiles before they strike or
reach their target.
Defense or military sector defines a country’s strength; hence the governments
of countries across the globe are ready to spend generously to upgrade their
respective defense armories. Owing to the vital role these active
protection systems play in security and safety of militaries these are
garnering a massive prominence across the defense sectors, worldwide.
Resultantly, the global active protection system market is growing pervasively
at a rapid pace.
Acknowledging the kind of growth, this market is garnering currently, Market
Research Future (MRFR) in its recently published study report asserts that the
global active protection system market is expected to reach exponential heights
by 2023; registering a 7% CAGR throughout the review period (2018 to 2023).
Moreover, challenges that defense industry faces push the pressure further up
to improve productivity in the APSs, responding to complex government regulations.
As computers and system become more advanced, the technology required in the
development of APS becomes less expensive. Furthermore, favorable strategies
such as the one in the US – ‘Blue Ocean strategies’ will help the active
protection system to grow at a rapid pace.
Additional factors substantiating the market growth include geopolitical
instabilities and the automation of defense systems, investment in R&D to
develop AP systems, and the wide uptake and utilization of APSs. Integration
across all platforms for a seamless environment, where users will have access
to real-time data and better accessibility to ground control stations, such
technological trend would contribute to the market growth.
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Segmentation:
The global active electronic components is segmented on the
basis of product type and end-users. On the basis of product type the segment
is further classified into semiconductor devices, optoelectronic devices,
display technologies, vaccum tube and others. On the basis of end-users the
segment is further classified into consumer electronics, healthcare,
automotive, aerospace & defense, information technology and others.
Regional Analysis:
The North American region dominates the global active
protection system market with a significant market share. Substantial
technological advancements and their uptake alongside the colossal defense
budget drive the market growth in the region.
The European region is another lucrative market for APSs.
Continuous improvement of warfare platforms with newer and advanced
technologies is a key driving factor responsible for the growth of the regional
market. European countries such as the U.K. and Germany backed by the enormous
investments in APS and related technologies account for the significant growth
contributors to the market growth in the region.
The Asia Pacific region is rapidly emerging as a promising
market for APS due to the advancements in the APS related technologies.
Simultaneously, increasing expenses on the development and up-gradation of the
defense sector, especially in India and China are resulting in creating a large
revenue pocket for the region.
Key Findings
- By
product type, Integrated circuits is dominating the market with revenue
USD 76.96 Billion in 2016 and is expected to grow with 11.42% CAGR.
- By
end-users, consumer electronics is dominating the market and has generated
USD 73.5 Billion in 2016 and is expected to grow at 11.95% CAGR.
- Geographically,
North America region has been projected to hold the largest market share
in global active electronic components market followed by Europe region,
while Asia Pacific is expected to drive the market in coming years.
Key Players:
Some of the key players in the market are Hitachi AIC Inc.
(Japan), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S),
Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Panasonic
Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics
(Switzerland), Renesas Electric Corporation (Japan) and Maxim Integrated (U.S.)
Intended Audience:
- Electronic
component manufacturers
- Research
organizations
- Original
equipment manufacturers
- System
Integrators
- network
equipment vendors
- chipset
vendors
- software/application
providers
- user
equipment manufacturers
- network
infrastructure integrators
- Government
Organizations
- Research/Consultancy
firms
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List of Figures
FIGURE 1 GLOBAL
ACTIVE ELECTRONIC COMPONENTS MARKET: DRIVERS & RESTRAINTS
FIGURE 2 GLOBAL
ACTIVE ELECTRONIC COMPONENTS: SUPPLY CHAIN
FIGURE 3 GLOBAL
ACTIVE ELECTRONIC COMPONENTS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4 GLOBAL
ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE, 2016-2022, (USD BILLION)
FIGURE 5 GLOBAL
ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER, 2016-2022, (USD BILLION)
FIGURE 6 GLOBAL
ACTIVE ELECTRONIC COMPONENTS MARKET, BY REGION, 2016-2022 (USD BILLION)
FIGURE 7 NORTH
AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY COUNTRY, 2016-2022, (USD
BILLION)
FIGURE 8 NORTH
AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY PRODUCT TYPE (USD BILLION)
FIGURE 9 NORTH
AMERICA ACTIVE ELECTRONIC COMPONENTS MARKET, BY END-USER (USD BILLION)
FIGURE 10 EUROPE
ACTIVE ELECTRONIC COMPONENTS MARKET, BY COUNTRY, 2016-2022, (USD BILLION)
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