by Market Overview:
Discrete semiconductor components refer to individual electronic components such as transistors, diodes, and integrated circuits that are manufactured and sold as individual package items. They are widely used in applications such as consumer electronics, automotive, industrial among others. Some key applications of discrete semiconductors include rectifiers, amplifiers, transceivers, signal processors etc. They provide functionality such as signal amplification, voltage regulation and power control.
The global Discrete Semiconductor Market is estimated to be valued at US$ 33.12 Bn or Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growth of the global discrete semiconductor market is driven by two key factors. Firstly, the rising demand for consumer electronics such as smartphones, laptops, tablets and other smart devices is fueling the need for discrete semiconductors. Discrete components like power transistors, USB controllers, display drivers etc are integral parts of various consumer electronic devices. Secondly, the burgeoning electric vehicle industry is propelling discrete semiconductor demand. Electric vehicles require discrete components like power modules, high voltage diodes and transistors in greater volumes to manage high power loads for battery packs, motors and charging infrastructure. These semiconductors act as lynchpins in electric drivetrains and battery management systems. The push towards electrification of automobiles globally is poised to sustain the demand for discrete components in the coming years.
Segment Analysis
The discrete semiconductor market can be segmented into power devices, MOSFETs, IGBTs, diodes, rectifiers, thyristors, etc. Among these, power devices dominates the market with over 30% share as power devices are used in a wide range of industries like consumer electronics, automotive, industrial, and telecom. Power devices are indispensable in controlling currents and voltages in devices efficiently.
PEST Analysis
Political: Trade policies affecting import/export of discrete semiconductors between countries. Economic: Inflation and rising electronic costs may negatively impact market growth. Social: Increasing demand for energy efficient consumer devices driving market. Technological: Emergence of silicon carbide (SiC) power devices allowing higher power densities and efficiencies in automotive and industrial applications.
Key Takeaways
The Global Discrete Semiconductor Market Size was valued at US$ 33.12 billion in 2023 and is expected to reach US$ 46.31 billion by 2030, exhibiting a CAGR of 4.0% during the forecast period. Increasing demand for energy efficient power electronics in consumer devices, electric vehicles, and renewable energy systems is driving the market.
Asia Pacific dominated the market in 2023 with over 45% revenue share owing to presence of key discrete semiconductor manufacturers and huge electronic production base in China, Taiwan, South Korea and countries. China accounted for largest market share in APAC attributed to presence of domestic manufacturing giants and huge power electronics consumption.
Key players operating in the discrete semiconductor market are Toshiba Electronic Devices & Storage Corporation (Toshiba Corp.), Hitachi Power Semiconductor Device Ltd (Hitachi Ltd), Mitsubishi Electric Corporation, Vishay Intertechnology Inc., NXP Semiconductors NV, ON Semiconductor Corporation, Microsemi Corporation (Microchip Technology), Diodes Incorporated, STMicroelectronics NV, Eaton Corporation PLC, ROHM Co. Ltd, Renesas Electronics Corporation, Nexperia BV, Fuji Electric Co. Ltd, Cree Inc., Qorvo Inc., D3 Semiconductor LLC, ABB Limited, Infineon Technologies AG, United Silicon Carbide Inc., Taiwan Semiconductor Co. Ltd, Littelfuse Inc. and General Electric Company.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
