Active Electronic Components Market Is Likely To Up Demand At A USD 529.86 Billion By 2028
San Francisco, 4 May 2021: The Report Active Electronic Components Market Size, Share & Trends Analysis Report By Product Type (Vacuum Tubes, Semiconductor Devices), By End User (Automotive, Consumer Electronics), By Region, And Segment Forecasts, 2021 - 2028 The global active electronic components market size is estimated to reach USD 529.86 billion by 2028, registering a CAGR of 9.2% from 2021 to 2028, according to a new study by Grand View Research, Inc. Growing demand for active electronics components in the production of smart home appliances, such as refrigerators, air conditioners, and washing machines, is estimated to boost the market growth over the forecast period. Moreover, the anticipated adoption of these components in networking devices and telecom equipment requisite for developing 5G infrastructure is further expected to elevate the market growth from 2021 to 2028. The growing popularity of wearables, such as smartwatches, Virtual Reality (VR) headsets, and fi