Transparency Market Research delivers key insights on the global discrete diodes market. In terms of revenue, the global discrete diodes market is estimated to expand at a CAGR of 4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global discrete diodes market.
The global discrete diodes market is broadly affected by several factors, including usage of discrete diodes in the automotive sector and increasing applications in the consumer electronics sector. Thus, expanding applications of discrete diodes in different sectors is propelling the global market for discrete diodes.
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Discrete Diodes Market: Dynamics
Discrete diodes are used in various applications such as communication and consumer electronics in the automotive field and in computers. Discrete components are widely used in amplifiers and other electronic products that use large amounts of current. In the automotive field, discrete diodes are used in infotainment and other applications to transform cars into mobile hotspots. Thus, the demand for discrete diodes is projected to rise across the globe in the near future, due to the growing trend of making advanced electrical components and circuits to perform operations quickly, efficiently, and safely. The adoption of technologically advanced accurate discrete diodes has increased in the communication field with the introduction of new technologies and innovations, thereby creating lucrative opportunities for the global discrete diodes market.
The functionality, complexity, and quantity of electronic modules are also rising with the continuous evolution of electrification of vehicles. The growing use of advanced driver assistance systems is boosting the demand for semiconductors in the automotive industry, owing to rise in sales of discrete semiconductors such as varistors, diodes, and thyristors. Moreover, the rise in the usage of electric vehicles and plug-in hybrid electric vehicles is leading to increasing demand for discrete diodes. Companies manufacturing discrete diodes are also launching new diodes for traction inverters for electric vehicles, as it is an important component that converts batteries electricity from direct current. Furthermore, manufacturers in the discrete diodes market are providing new and modified Schottky diodes to enhance charging efficiencies of electric vehicle. New products are being launched as an improvement over existing products. For instance, high voltage power Schottky diodes have been launched as an improvement over the silicon Schottky diodes that are typically limited to 200 volts. Thus, the demand for discrete diodes in automotive applications is anticipated to expand at a substantial CAGR of 3.13% by 2030.
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Discrete Diodes Market: Prominent Regions
The discrete diodes market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of communication and consumer electronics applications in the region. The discrete diodes market in North America is projected to witness favorable growth during the forecast period, due to significant rise in communication applications for high-speed transmission in communication equipment in the region, which is projected to reach US$ 1,126.37 Mn by 2030. The Asia Pacific discrete diodes market is likely to expand at the highest CAGR of 4.64% during the forecast period, owing to the presence of a large number of players manufacturing discrete diodes.
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Discrete Diodes Market: Key Players
Key players operating in the global discrete diodes market are Diodes Incorporated, Infineon Technologies AG, Littelfuse, Inc., Microsemi Corporation, NXP Semiconductors, ON Semiconductor, ROHM Co., Ltd., Semikron, STMicroelectronics, Toshiba Corporation, and Vishay Intertechnology, Inc.
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