Automotive Diode Market
Growth Factors of Automotive Diode Market
The automotive diode market size was valued at USD 10.48 billion in 2023, and the market is now projected to grow from USD 10.90 billion in 2024 to USD 16.97 billion by 2032, exhibiting a CAGR of 6.53% during the forecast period of 2024-2032.
Pandemic drastically impacted the automotive diode market growth, with reduced manufacturing due to regulations and manufacturing unit closures. This caused decrease demand for diodes, causing agencies to prioritize cost-saving measures and delay investments in studies and improvement. Supply chain constraints and constrained raw fabric availability also impacted the market. Technological improvements slowdown impacted the creation of superior structures and components, together with diodes. However, as the car enterprise recovers, demand for diodes rebounded because of the resurgence of vehicle production, fueling call for in the publish-COVID-19 technology.
The industry faces strict safety regulations and emission requirements, necessitating using high-quality diodes for compliance. The enterprise is constantly evolving, incorporating advanced technologies like electric automobiles, connectivity features, and electricity-green solutions. Automotive diodes are important in systems like ABS, airbags, lighting, and ESC. Specialized diodes are wanted for technological improvements, using market increase. Infineon Technologies recently released an extremely-low loss diode for light vehicle turbines, which can reduce automobile C02 emissions with the aid of 1.8 g/km.
The industry is transferring towards electric mobility, main to a surge in call for in-vehicle diodes for high-voltage applications and power electronics systems in electric automobiles. These diodes should meet efficiency, low strength losses, and temperature stability necessities. Major players are focusing on growing appropriate diodes for electric powered vehicles, consisting of Nexperia's 650-volt recuperation diodes in compact CFP packaging for onboard chargers, strength elements, and solar inverters. The developing call for advanced and specialized diodes is anticipated to force market increase within the future.
Comprehensive Analysis of Automotive Diode Market
The automotive diode market in 2022 is divided into various types, including zener diodes, rectifier diodes, schottky diodes, and LEDs. The schottky diode segment is expected to drive growth due to its high-efficiency rectification and switching in power electronics, battery management, and charging systems. The rectifier diode segment holds significant market share, playing a crucial role in converting alternating current to direct current in automotive electrical systems. The market is segmented into passenger cars and commercial vehicles, with passenger cars expected to grow due to the increasing integration of power electronics in vehicles and the growing number of vehicles on the road. The commercial vehicle segment is expected to grow at the fastest CAGR due to the integration of technology in commercial vehicles. The market is further divided into sub-segments such as powertrain system, lighting system, infotainment system, safety and security system, and HVAC system. The propulsion segment is divided into ICE and electric segments, with the ICE segment dominating due to its diverse uses in various electrical and electronic systems.
The Asia Pacific region lead the automotive diode market share by benefitting a market size of USD 6.86 billion in 2023 due to rising incomes and urbanization, leading to a steady increase in vehicle ownership and production. This, in turn, increases the demand for diodes. In 2022, China saw a 2% growth in vehicle sales, with the number of vehicles sold reaching 26.8 million, according to the International Organization of Motor Vehicle Manufacturers (OICA).
The vehicle enterprise is constantly evolving, with groups continuously innovating and expanding their product services. Vishay Intertechnology, a leading semiconductor device producer, offers a huge variety of merchandise, along with in-vehicle diodes, mentioned for its brilliant and reliable electronic additives. Key organizations profiled include Mishay, ON Semiconductor, NXP Semiconductors N.V., Diodes Incorporated, Infineon Technologies AG, ROHM Semiconductor and Toshiba Electronic Devices.
Vishay Intertechnology showcased its power control solution at PCIM EUROPE 2023, showcasing a collaborative robotic workstation featuring Vishay energy resistors, ESTA strength digital capacitors, and Automotive Grade diodes, among different digital components.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.53% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type
Zener Diode
Rectifier Diode
Schottky Diode
Light Emitting Diode (LEDs)
Others
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Application
Powertrain System
Lighting System
Infotainment System
Safety and Security System
HVAC System
By Propulsion
ICE
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
Electric
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
By Geography
North America (By Type, By Vehicle Type, By Propulsion, By Application)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
Europe (By Type, By Vehicle Type, By Propulsion, By Application)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- U.K. (By Vehicle Type)
- Rest of Europe (By Vehicle Type)
Asia Pacific (By Type, By Vehicle Type, By Propulsion, By Application)
- China (By Vehicle Type)
- Japan (By Vehicle Type)
- India (By Vehicle Type)
- South Korea (By Vehicle Type)
- Rest of Asia Pacific (By Vehicle Type)
Rest of the World (By Type, By Vehicle Type, By Propulsion, By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.