The global transistor market is growing at a CAGR of 4.1% during the forecast period (2020-2027). Due to the rising transistors in various electronic devices such as computer memory chips, solid-state multimedia storage devices for electronic games, cameras, MP3 players, and microprocessors, the market is witnessing demand. Some of the factors which are fostering the market growth are:
Key HighlightsThe demand for consumer electronic products and the usage of electronics across industries has been increasing, directly or indirectly impacting the transistor market to growth. Transistors are used throughout consumer electronics applications such as reverse battery protection, switching power from different sources like an AC adapter and batteries, and turning offloads like backlighting when they are not needed.
The transistor market is fragmented and competitive in nature, owing to many small and large players. The players are expanding their portfolio, which caters to the intense rivalry among the players. As a result, OEMs are enjoying significant buying power with the leverage to choose a transistor manufacturer that best fits their business model and, more importantly, one that can adequately balance quality and price.
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