Global Discrete Semiconductor Market Size to grow USD 77 Billion By 2030 | CAGR of 9%Category: Semiconductors & Electronics
Global Discrete Semiconductor Market worth $77 billion by 2030
According to a research report published by Spherical Insights & Consulting, the Global Discrete Semiconductor Market Size to grow from USD 44 billion in 2021 to USD 77 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 9% during the forecast period.
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Browse key industry insights spread across 198 pages with 131 market data tables and figures & charts from the report “Global Discrete Semiconductor Market Size, Share, and COVID-19 Impact Analysis, By Type (Diodes, Thyristors, Transistors, Modules), By Application (Automotive, Networking & Communication, Consumer Electronics, Industrial, Others) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/discrete-semiconductor-market
Electronic manufacturers are looking for components that can improve manufacturing efficiency and are rapid, tiny, and capable of doing so. This will strengthen the market share of discrete semiconductors. To meet these objectives, discrete components like diodes, transistors, thyristors, and modules are required. Security, automation, solid-state lighting, transportation, and energy management in industrial components, and safety, infotainment, navigation, and fuel efficiency in automotive and industrial components, are projected to be the main drivers of demand for and revenue from discrete semiconductors. Additionally, to boost demand and income in the power module market, the discrete semiconductor sector is developing novel solutions. The increasing demand for high-energy, low-power devices is what is driving the global discrete semiconductor market size and discrete semiconductor market share. The increased need for MOSFETs and IGBTs in electronics and vehicles is another factor driving the market's growth. Therefore, a significant element driving market expansion is the rising demand for discrete semiconductors from the consumer electronics and automotive industries. Consumer electronics businesses are investing extensively in R&D to give their customers better products. During the estimated time frame, this is expected to have an effect on the discrete semiconductor market. In the years to come, the market's growth is anticipated to be fueled by the demand for green energy power generation, which is being driven by key players in the discrete semiconductor industry.
The preference of product makers for integrated circuits is expected to limit the market's growth. The growing emphasis on integrated circuits and a lack of technological advancement are two major problems that are impeding and will continue to challenge the discrete semiconductor business in the near future.
The Transistors segment is dominating the market with the highest CAGR.
On the basis of type, the global discrete semiconductor market is segmented into transistors, thyristors, diodes, and modules. Due to the growing use of bipolar transistors, MOSFETs, and IGBTs in a variety of industries, including consumer electronics, the automotive industry, and others, the transistors category is leading the market with the greatest CAGR. Due to their greater switching frequency, IGBTs are being used in high voltage applications more and more. As a result, it is stimulating market expansion generally.
The Consumer Electronics segment is witnessing the highest growth with the highest CAGR over the forecast period.
Based on the application, the global discrete semiconductor market is segmented into networking & communication, consumer electronics, industrial, automotive, and others. Among them, the consumer electronics segment is expected to grow at the fastest rate with the greatest CAGR. This is due to the high demand for portable electronics, wearable technology, gaming technology, and other technologies for smart homes.
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Asia Pacific is dominating the market with the highest CAGR over the forecast period.
With the highest CAGR during the predicted period, Asia Pacific is currently dominating the global discrete semiconductor market. This can be ascribed to the growing acceptance of wireless and portable electronics as well as to the automotive sector's rapid expansion, all of which are driving the overall growth of the worldwide discrete semiconductor market. Aside from this, the massive automotive and other industries in the region make it one of the most significant markets for discrete semiconductors.
Major vendors in the Global Discrete Semiconductor Market include Infineon Technologies AG, NXP Semiconductors, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Semiconductor Components Industries, LLC, STMicroelectronics, Vishay Intertechnology, Inc., Taiwan Semiconductor, Renesas Electronics Corporation, Nexperia, ABB, Diodes Incorporated, StarPower Semiconductor Ltd., GeneSiC Semiconductor Inc., ROHM CO., Ltd., WeEn Semiconductor Inc., Texas Instruments Incorporated.
Global Semiconductor IP Market Size, Share, Forecast 2021 – 2030
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