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The diodes market size is projected to increase by USD 1.32 billion, at a CAGR of 3.67% between 2023 and 2028. The growth rate of the market depends on several factors, including rowing adoption of advanced packaging technologies of semiconductor device, increasing demand for high-speed data transmission and rising need for sensing solutions. Diodes are semiconductor devices that conduct electric current primarily in one direction, allowing it to flow freely in that direction while blocking or significantly restricting current flow in the opposite direction. Essentially, a diode acts as an electrical check valve, permitting the flow of current in one direction while preventing it from flowing in the reverse direction.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including ABB Ltd., Central Semiconductor Corp., Diodes Inc., Futaba Corp., Hitachi Ltd., Infineon Technologies AG, Kyocera Corp., Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Micron Technology Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., OSRAM Licht AG, Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Sharp Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International NV, Texas Instruments Inc., and Vishay Intertechnology Inc. Additionally, ABB Ltd offers diodes, including high power rectifier diodes designed for high current rectifiers, aluminum smelting, and input rectifiers catering to large AC drives.
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The growing adoption of advanced packaging technologies for diodes is notably driving market growth. Advanced packaging technologies enable higher levels of integration by combining multiple semiconductor device, passive components, and even active components into a single package. This integration reduces the overall footprint of the device, making it suitable for space-constrained applications and enabling more compact electronic designs. Thermal management is critical for diode performance and reliability, especially in high-power applications.
Furthermore, advanced packaging technologies are designed to enhance the reliability and durability of diode products by providing robust mechanical and thermal properties, as well as protection against environmental factors such as moisture, vibration, and temperature fluctuations. This ensures long-term performance and reliability in demanding applications. Thus, the growing adoption of advanced packaging technologies will boost the market during the forecast period.
Advancements in wide-bandgap semiconductors are an emerging trend shaping market growth. Wide-bandgap semiconductors, particularly silicon carbide (SiC), have significantly higher breakdown voltages compared with silicon, allowing for the fabrication of semiconductor devices capable of withstanding higher voltages without breakdown. This makes SiC diodes suitable for high-power and high-voltage applications, such as power conversion and electric vehicles. Wide-bandgap semiconductors exhibit lower on-state resistance and faster switching speeds compared with silicon, resulting in lower conduction losses and switching losses in diode applications. This translates to higher efficiency and reduced heat generation, particularly in high-frequency and high-power applications.
Furthermore, the combination of higher breakdown voltages, lower losses, and smaller form factors results in improved power density in wide-bandgap semiconductor device. This allows for the design of more efficient and compact power electronics systems with higher power output in a smaller footprint. The growing awareness of the benefits of wide-bandgap semiconductors, coupled with ongoing research and development efforts, has accelerated the adoption of SiC and GaN diodes across industries such as automotive and electronics. As more companies invest in wide-bandgap technology, the market is expected to witness significant growth during the forecast period.
Concerns associated with miniaturization and power efficiency of diodes are a significant challenge hindering market growth. As components become smaller, the challenge of dissipating heat becomes more pronounced. Higher component density in a smaller space can lead to increased heat generation, potentially affecting the performance and reliability of analog semiconductor device. Power-efficient designs are essential to minimize heat generation. Efficient power management and low power consumption are crucial for maintaining performance while addressing thermal concerns. Shrinking the size of analog components can impact signal integrity. Miniaturization may introduce challenges related to signal interference, crosstalk, and noise, which can degrade the performance of analog circuits.
Further, ensuring that power-saving features do not compromise the long-term reliability of the components is a concern. Moreover, in portable devices, where space is limited, miniaturization is essential. However, the challenge is to maintain or improve performance while extending battery life. Power efficiency directly impacts the battery life of devices. Improving the efficiency of analog components is crucial for meeting the demand for longer battery life in portable electronics. Thus, these factors will impede the growth of the market during the forecast period.
The market share growth by the zener diodes segment will be significant during the forecast period. Zener semiconductor device are widely used for voltage regulation in power supplies, voltage stabilizers, and voltage reference circuits. They provide a stable output voltage despite fluctuations in the input voltage or load variations, ensuring the reliable operation of electronic systems. Zener diodes are employed for overvoltage protection in electronic circuits to clamp excessive voltage levels and prevent damage to sensitive components.
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The zener diodes were the largest and was valued at USD 2.64 billion in 2018. Additionally, these are used in renewable energy systems, such as solar photovoltaic (PV) arrays and wind turbines, for voltage regulation, overvoltage protection, and power conditioning. They ensure efficient energy conversion and protect electrical components from voltage fluctuations and surges. Thus, the demand for Zener diodes is driven by these diverse applications and the critical role they play in ensuring stable voltage operation, protecting electronic circuits, and enabling the functionality of electronic systems across industries, which will boost the growth of this segment of the market during the forecast period.
Diodes are used for signal rectification in communication circuits to convert alternating current (AC) signals into direct current (DC) signals. Rectification is essential for extracting the information carried by the signal and powering electronic components within the communication system. These semiconductor devices are employed in modulation and demodulation circuits to encode information onto carrier signals and retrieve the original information from modulated signals. Diode-based filters, such as low-pass filters, high-pass filters, and band-pass filters, help suppress noise, reject unwanted frequencies, and improve signal quality. Thus, the widespread adoption of diodes in communication systems helps in enabling efficient and reliable data transmission, reception, and processing. As communication technologies continue to evolve and expand, the demand for diodes with advanced performance, reliability, and integration capabilities is expected to drive the growth of the communication segment of the market during the forecast period.
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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional market trends and drivers influencing the market's trajectory throughout the forecast period. Furthermore, the automotive industry in APAC is experiencing robust growth, driven by increasing vehicle production, the rising demand for electric vehicles (EVs) and hybrid vehicles, and stringent automotive safety and emission regulations. Companies in the region are investing in geographical expansion and research and development to develop advanced diode technologies with improved performance, efficiency, and reliability. Technological innovations drive the adoption of semiconductor devices in emerging applications and contribute to regional market growth. For instance, in June 2023, Micron Technology, Inc. announced the plan to develop a new assembly and testing plant in Gujarat, India. Micron's new facility will enable assembly and test manufacturing for both DRAM and NAND products, meeting demand from both domestic and foreign markets.
In addition, micron announced an investment of up to USD 825 million in the project's two phases, with backing from the Central and Gujarat governments totaling USD 2.75 billion. Governments in APAC are implementing policies and initiatives to promote domestic manufacturing, innovation, and technology adoption. This includes initiatives such as Make in India in India, Made in China 2025, and incentives for high-tech industries such as electronics and semiconductor manufacturing. Such initiatives stimulate the demand for semiconductor devices and other electronic components. Thus, these factors will boost the growth of the regional market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Central Semiconductor Corp - The company offers diodes such as Schottky, switching, current limiting, and zener.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is experiencing global growth driven by the increasing demand for surge protection, voltage regulation, and switching in various applications. Diodes play a crucial role in power conversion across electronics applications, including medical, consumer, industrial, and automotive sectors. The market's expansion is fueled by the trend towards miniaturization in electronic products, especially in the consumer electronics segments. With a focus on innovative and customized semiconductor devices, there is a rising demand from electronic manufacturers to meet the evolving needs of smartphones, FM radios, MP3 players, MP4 players, handheld TVs, memo recorders, cameras, projectors, and other devices. This surge is attributed to the pursuit of smaller sizes, higher functionality, and diverse form factors by mobile phone designers.
Diodes Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.67% |
Market Growth 2024-2028 |
USD 1.32 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.47 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 58% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Central Semiconductor Corp., Diodes Inc., Futaba Corp., Hitachi Ltd., Infineon Technologies AG, Kyocera Corp., Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Micron Technology Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., OSRAM Licht AG, Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Sharp Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International NV, Texas Instruments Inc., and Vishay Intertechnology Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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