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The discrete diode market size is estimated to grow by USD 914.75 million at a CAGR of 5.18% between 2022 and 2027. The growth of the market depends on several factors, including increasing demand for IoT devices, rising demand for semiconductor components, and growing adoption of Industry 4.0 standards. These are semiconductor components that allow the current to pass from one direction (with zero resistance) and not from another direction (offering almost infinite resistance). This feature of blocking current in the other direction helps prevent damage to the circuitry system.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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 share growth by the power diodes segment will be significant during the forecast period. There are three types such as Schottky diodes, fast-recovery diodes, and general-purpose diodes. Power diodes are mainly used to block voltage and are used as rectifier diodes, voltage multipliers, and freestanding diodes. Power diodes typically handle high power but operate at lower frequencies. The wide adoption of power diodes is responsible for the dominance of the segment in the global market.
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The power diodes segment showed a gradual increase in the market share of USD 1,139.58 million in 2017 and continued to grow by 2021. The use of Schottky diodes is favored in sensitive and high-performance applications, mainly because they generate low heat. Schottky diodes are also used in standalone photovoltaic systems to prevent solar cells from discharging at night as well as in grid-tied systems. Therefore, the increasing demand for power supplies in various household and industrial applications is a positive factor for the growing demand for Schottky diodes, which is driving the growth of the global market during the forecast period.
In the communication segment, the introduction of smartphones has raised the demand for better power diodes and small signal diodes across the world. In addition, there have been rapid investments in smartphones by key companies, such as Samsung Electronics, which boosted the communications industry and later supported the adoption of these fragmentaries. Network operators aim to deliver faster data connections, fast high-definition video streaming, and a wide range of multimedia applications. 4G networks have replaced 3G while many developed countries, including the US, are transitioning to 5G. This will accelerate the development of communication network infrastructure, which will increase the demand, as different types of communication network infrastructure devices, such as enterprise network equipment, wired network equipment, subscriber equipment, and cable operator/multi-service equipment, all require this for their operation. Hence, such factors will drive the growth of the market during the forecast period.
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APAC is estimated to contribute 71% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, China is the main revenue contributor and the largest market. One of the main growth drivers of the market is the growing demand for semiconductors from the automotive, aerospace, electronics, and electrical industries and other end users, especially in developing countries such as China and India. Significant industrial developments in countries such as China, India, South Korea, Indonesia, and Taiwan will see demand for a high degree of automation in their respective industrial segments. Therefore, the expansion of the automotive industry in the region will drive the growth of the market during the forecast period.
The Market report includes the adoption lifecycle of the market, 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 includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth 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.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market Definition refers to the global dynamics of discrete diodes, driven by trends like device miniaturization. Recent developments and regional analysis provide insights into Discrete Diodes Market Share Analysis. Restraints in the market may include challenges related to technology limitations or market saturation. Market share analysis offers a quantitative understanding of the market landscape, including the market's competitive structure and the share held by different players. Understanding these dynamics is crucial for businesses operating in the market to formulate effective strategies and capitalize on emerging opportunities.
Discrete Diode Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market growth 2023-2027 |
USD 914.75 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.32 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 71% |
Key countries |
US, China, 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., 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., Vishay Intertechnology Inc., and MACOM Technology Solutions Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our 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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