by Market Overview:
Discrete semiconductors are used in a variety of electronic devices to control electric current and voltage. They are used in applications like measurement, telemetry, heating and motor control. The increasing demand for consumer electronics and electric vehicles is driving the growth of the discrete semiconductor market.
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 key trends:
One of the key trends in the discrete semiconductor market is the growing adoption of silicon carbide (SiC) and gallium nitride (GaN) based power semiconductors. SiC and GaN semiconductors offer advantages like higher switching frequencies, faster switching speeds and ability to operate at higher temperatures and voltages compared to traditional silicon semiconductors. Their use enables design of more compact and efficient power electronics for electric vehicles, fast chargers, renewable energy equipment and industrial motor drives. This is expected to fuel the demand for SiC and GaN discrete semiconductors over the forecast period.
SWOT Analysis
Strength: Discrete semiconductor devices have good durability and reliability and provide precise control over electronic circuits. They can withstand harsh environmental conditions and have longer lifespan than other alternatives.
Weakness: Discrete semiconductor devices require more expertise and effort during manufacturing as compared to integrated circuits. They also have high production costs.
Opportunity: Growing demand for high power applications in automotive, industrial, and renewable energy sectors is creating opportunities for discrete semiconductor devices. Rapid adoption of electric vehicles is also fueling the market growth.
Threats: Development of more advanced integrated circuits poses a threat to discrete semiconductors. Growing integration of functionalities on single chips reduces the scope of discrete components. Innovation in materials like gallium nitride also increases competition.
Key Takeaways
The Global Discrete Semiconductor Market Size is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing demand for electric vehicles and renewable energy systems. Discrete power semiconductors are crucial components in electric drivetrains and energy conversion applications.
Regional analysis: Asia Pacific dominated the global discrete semiconductor market in 2023 and is expected to maintain its lead through 2030. Countries like China, Japan, South Korea and India are major manufacturing hubs for semiconductors. North America and Europe are other major markets driven by presence of automotive and industrial sectors.
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
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
