Discrete Semiconductor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Discrete Semiconductor Market
The discrete semiconductor market size was valued at USD 42.97 billion in 2020, and the market is now projected to grow from USD 45.43 billion in 2021 to USD 78.33 billion by 2028, exhibiting a CAGR of 8.1% during the forecast period of 2021-2028.
Pandemic, the U.S.-China exchange warfare, and 2019's downturn significantly impacted the worldwide economy and technology industry, in particular discrete semiconductors. Manufacturing facilities close down, disrupting delivery chains and inflicting a 6% revenue contraction in 2020. Vietnam experienced low impact because of developing demand. Work-from-home adoption is predicted to drive mild increase in communication and purchaser electronics. Governments and manufacturers' healing efforts are anticipated to revitalize the economic system.
Consumer electronics are experiencing high call for because of funding incentives and low hard work availability. The cognizance is now on discrete semiconductors, using marketplace increase. Manufacturers are making an investment heavily in R&D to increase enterprise-leading technology, which includes transistors, diodes, and thyristors, to satisfy electric powered manipulate demands and decrease electricity intake. This trend is predicted to force discrete semiconductor market growth.
The use of discrete semiconductor gadgets inside the electric powered and automation-driven automobile enterprise is increasing due to advancements in using publications, cellular cellphone integration, and head-up shows. This has multiplied call for these semiconductors, as electronic additives are essential for safety and are subjected to severe environmental and voltage situations. Manufacturers at the moment are production new products for electric powered and automated automobile programs, together with TOSHIBA Electronic Devices and Storage Corporation's energy MOSFETs for transmission control and electric powered power steering.
Comprehensive Analysis of Discrete Semiconductor Market
The market for discrete semiconductors is segmented into transistors, diodes, thyristors, and modules. The transistors segment is expected to lead in terms of CAGR due to the increased use of bipolar transistors, IGBTs, and MOSFETs in various industries. Diodes are capturing the highest market share due to their high resistance capability. Thyristors and modules are expected to witness substantial growth due to their low cost, easy control, and power handling capacity. The market is categorized into consumer electronics, networking & communication, industrial, automotive, and others. Consumer electronics is predicted to witness the highest CAGR due to aggressive demand for gaming, wearables, portable electronics, and smart home products. Automotive is expected to see second-highest growth due to the demand for discrete semiconductors for regenerative braking and autonomous vehicle technology. Industrial and others are experiencing steady growth due to changes in building security and energy-efficient technologies. Networking & communication is also experiencing substantial growth due to the growing demand for efficient components and the work from home concept.
The Asia Pacific region lead the discrete semiconductor market share by benefitting a market size of USD 23.27 billion in 2020 due to leading players in China, India, South Korea, Taiwan, and different international locations, along side the increasing reputation of portable and wireless digital products and speedy automobile enterprise boom.
Key market players are introducing exceptional discrete semiconductor gadgets to satisfy developing needs in automobile, electronics, and other programs. Other key players encompass NXP Semiconductors, Infineon Technologies AG, Semiconductor Components Industries, TOSHIBA Electronic Devices and Storage Company, Vishay Intertechnology, STMicroelectronics, Diodes Incorporated, GeneSiC Semiconductor, WeEn Semiconductors, ROHM CO., LTD., and Texas Instruments Incorporated.
Infineon Technologies AG added the 'TRENCHSTOP IGBT7' era in September 2020, designed for commercial motor drives, photovoltaic, energy thing correction, and uninterruptible energy deliver applications.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017 – 2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021 – 2028
Historical Period
2017 – 2019
Unit
Value (USD billion)
Segmentation
Type, Application and Region
By Type
Diodes
Transistors
Thyristors
Modules
By Application
Networking & Communication
Automotive
Consumer Electronics
Industrial
Others
By Region
North America (Type, Application and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (Type, Application and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe
Asia Pacific (Type, Application and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Taiwan (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific
Middle East and Africa (Type, Application and Country)
- South Africa (By Application)
- GCC (By Application)
- Rest of Middle East and Africa
South America (Type, Application and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
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