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The discrete diode market size is projected to increase by USD 867 million with growth at a CAGR of 4.75% between 2023 and 2028. The market experiences significant growth due to the increasing demand for Internet of Things (IoT) devices and the expanding adoption of Industry 4.0 standards. Discrete Diodes are essential semiconductor components, enabling current to flow in one direction with minimal resistance while almost completely blocking current in the opposite direction. This unique property protects circuitry systems from potential damage caused by reverse current flow. The rising demand for semiconductor components in various industries, including automotive, consumer electronics, and telecommunications, further fuels the market growth.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about key companies, including ABB Ltd., Agilent Technologies Inc., Central Semiconductor Corp., Diodes Inc., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Vishay Intertechnology Inc.
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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.
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 share growth by the power diodes segment will be significant during the forecast period. The market encompasses the production and sale of semiconductor diodes, specifically those employed as electronic elements in various applications. These diodes, which include Schottky diodes, fast recovery diodes, and general-purpose diodes, function as current transmitters, directional devices, and transmission limiters. Semiconductor diodes, such as power diodes and rectifiers, play a pivotal role in the market due to their widespread use as switches in consumer electronics, automotive industries, and electronic products.
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The power diodes segment showed a gradual increase in the market share of USD 1.17 billion in 2018. Power diodes, a type of power semiconductor, are integral to voltage clamping, rectification, voltage multiplication, and freewheeling functions. They handle high power and are predominantly used in low-frequency applications, making them a significant contributor to the Power Diode Segment in the global Discrete Diode market. Schottky diodes, a fast-switching type, are employed in high-speed switching applications due to their short reverse recovery time. The Language of the Discrete Diode market is rich in PORTER analysis and SVOR analysis, which help decision-makers understand the Microeconomic factors influencing the market.
In the computer sector, discrete diodes and related discrete semiconductors, including varistors and diodes, have gained significant importance due to their application in power management and voltage regulation. In the automotive sector, the adoption of advanced driver assistance systems (ADAS) has fueled the demand for discrete diodes and thyristors in power electronics. The consumer electronic industry also continues to drive the market for discrete diodes, particularly in applications such as LED lighting and power conversion. Segmentation of the discrete diode market includes types, such as zener diodes, rectifier diodes, and signal diodes, and applications in various industries, including telecommunications, power electronics, automotive, and consumer electronics. Emerging trends in the market include the increasing use of discrete diodes in renewable energy systems and the development of high-efficiency, high-power discrete diodes for electric vehicles. The discrete diode market is expected to grow steadily, driven by the increasing demand for power electronics in various sectors and the ongoing research and development in discrete semiconductor technology. The market is also witnessing significant investments from key players, including Samsung Electronics, in the chipmaking industry, which is expected to further boost the market's growth.
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APAC is estimated to contribute 72% to the growth of the global market during the forecast period.
Technavio's analysts have provided an extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The Discrete Diode Market encompasses various types of semiconductors, including diodes and thyristors, which find extensive applications in diverse sectors. In the computer sector, discrete diodes are utilized in power supplies, rectifiers, and voltage regulators. The automotive sector leverages these components in ignition systems, fuel injection, and power steering. Consumer electronics, such as televisions, radios, and mobile devices, also incorporate discrete diodes for power management and signal rectification. Advanced driver assistance systems (ADAS) in the automotive sector are a burgeoning trend, driving the demand for discrete semiconductors like varistors and diodes. These components ensure voltage stabilization and protection against voltage spikes in ADAS applications.
Additionally, emerging trends in the Discrete Diode Market include the integration of these components in renewable energy systems, solar power inverters, and electric vehicles. Segmentation of the Discrete Diode Market can be done based on application areas, such as power electronics, signal processing, and automotive. Power electronics is the largest segment due to the extensive use of discrete diodes in power supplies and voltage regulators. Signal processing applications include rectification and voltage stabilization in communication systems and audio equipment. The automotive segment is expected to witness significant growth due to the increasing adoption of advanced driver assistance systems and electric vehicles.
The market encompasses the production and sales of individual semiconductor diodes used in various electronic applications. These diodes, which include PN junction rectifiers, switches, limiters, and Schottky diodes, facilitate the transmission of current in a particular direction. Electronic manufacturers incorporate these components in consumer electronics, vehicle electrification systems, and power diodes for electric vehicles and traction inverters. The market for Discrete Semiconductors, including diodes, is driven by the increasing demand for passive components in electronic assembly and the production of portable products. National economies with a strong focus on technology and innovation are significant contributors to this market's growth. Power diodes, such as Schottky diodes, find extensive use in rectification and switching applications due to their fast switching characteristics. In summary, the Discrete Diodes Market is a vital segment of the semiconductor industry, catering to the demand for individual diodes in various electronic applications, from consumer electronics to vehicle electrification systems. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for semiconductor components is the key factor driving the growth of the market. The demand for semiconductor manufacturing equipment stems from the growing demand for semiconductor components used in consumer and industrial products. Demand for semiconductors in the data processing market, which includes devices such as PCs, mobile phones, tablets, servers, and storage devices will be high. The growing adoption of solid-state drive technology and rising sales of smartphones will accelerate the demand for memory cards and storage devices
In addition, semiconductor revenue from consumer electronics applications will be driven by increased use of smart TVs, 4K ultra-HD TVs, video-on-demand content, curved OLEDs, gaming devices, wearables, and decoders. growing demand for finished products, including integrated circuits, will drive demand for semiconductor devices, which in turn will positively impact market growth during the forecast period.
Increasing acceptance of wearable devices is the primary trend in the market. Wearable devices (smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses) track fitness levels by tracking the user's daily activities. Mobile communication devices help provide communication services. Owing to the expected growth in the industry, semiconductor device manufacturers are developing specialized products. All these portable devices are integrated with transceiver chips. This technology has gained momentum recently owing to rising consumer acceptance.
Moreover, the wearable technology market is an application that will contribute to the success of the development of IoT. Companies like Samsung Electronics Co. Ltd. (Samsung Electronics) and Apple Inc. (Apple) are filling the market with wearables such as fitness bands, fitness trackers, and smartwatches, which can track all the vital stats of a person. All these factors contribute to the growth of the discrete semiconductor industry and demand high power and energy-efficient devices powered by discrete semiconductors. Hence, IoT and wearables will act as the key drivers for the growth of the global market during the forecast period.
Changing market dynamics due to the US-China trade wars is the key challenge that affects the growth of the market. The imposition of the ongoing trade war between the US and China has raised the ASP of these and the overall device that integrates these and electrical components, resulting in low demand for these products in markets around the world. The falling demand for these products in the market is creating an imbalance between the supply and demand for electrical components in the market, which is affecting the growth of the global semiconductor market.
Moreover, the trade war between the US and China will harm the prices of many electronic components. The price drop will put pressure on prices for manufacturers operating with low profit margins. The impact of these factors increases the operational risks of the market players, which may hinder the growth of the global 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
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is a significant segment in the electronics industry, driven by the increasing demand for power electronics and electromechanical applications. These diodes are essential components in various electronic systems, including rectifiers, voltage regulators, and voltage clamps. The market growth is influenced by factors such as the rising adoption of renewable energy sources, the growing automotive industry, and advancements in semiconductor technology. Discrete diodes come in various types, including Zener diodes, Schottky diodes, and Rectifier diodes. These diodes have unique properties, such as high power handling capacity, fast switching speed, and low forward voltage drop. The market is competitive, with key players focusing on product innovation, cost reduction, and geographical expansion. Manufacturers are investing in research and development to produce diodes with higher efficiency, reliability, and durability. The market is expected to grow at a steady pace, driven by the increasing demand for power electronics and the expanding automotive industry. The discrete diode market is a dynamic and evolving sector, with new technologies and applications continually emerging.
Market Scope |
|
Report Coverage |
Details |
Page number |
190 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.75% |
Market growth 2024-2028 |
USD 867 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.45 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 72% |
Key countries |
China, US, South Korea, Taiwan, and Singapore |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Agilent Technologies Inc., Central Semiconductor Corp., Diodes Inc., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International N.V., 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 forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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