 |
| Discrete Semiconductor Market |
The discrete semiconductor market consists of multiple types of semiconductors such as MOSFETs, IGBTs, Rectifiers, Thyristors, and Diodes among others. These semiconductors are used across various end use industries like consumer electronics, automotive, industrial and medical equipment owing to their benefits such as high efficiency, miniaturization and reliability. Advancements in electronics have increased the demand for smart home appliances, electric vehicles and industrial automation which is driving the need for discrete semiconductors.
The global
Discrete Semiconductor Market is estimated to be valued at US$ 38.16 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing adoption of smart technologies across various industries has
been a key growth driver for the discrete semiconductor market. Rapid
penetration of IoT connected devices, adoption of electric vehicles and
development of smart cities infrastructure has spurred demand for discrete
semiconductors. Semiconductor manufacturers are focusing on developing
miniaturized and more powerful discrete components to enable smarter products
and solutions. Advancing node sizes below 10nm and new materials like gallium
nitride are allowing discrete components to deliver higher performance in
smaller package sizes. This is finding applications in developing next
generation electric drivetrains, autonomous systems and cloud computing
infrastructure. Ongoing R&D investments by discreet semiconductor companies
aim to tap growth opportunities around these emerging technologies.
Segment Analysis
Discrete Semiconductor market is dominated by logic devices segment. Logic
devices include microprocessors, microcontrollers and digital signal
processors. They account for more than 60% of the total discrete semiconductor
market. This is because microprocessors act as the controlling unit for almost
all electronic devices across a variety of applications ranging from consumer
electronics to automobiles. They are integral part of consumer electronics like
smartphones, televisions etc. Increasing demand for high computation power from
consumer electronics is driving the demand for logic devices in discrete
semiconductor market.
Key Takeaways
The global Discrete
Semiconductor Market Share is
expected to witness high growth during the forecast period of 2024 to 2031. The
global Discrete Semiconductor Market is estimated to be valued at US$ 38.16 Bn
in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024
to 2031.
Asia Pacific
region currently dominates the discrete semiconductor market accounting for
more than 45% of the global market share. This is due to presence of major
manufacturing hubs and consumer electronics companies in countries like China,
Japan and South Korea. Rapid industrialization and growing demand for consumer
electronics from developing economies like India and Indonesia is expected to
drive the demand for discrete semiconductors in Asia Pacific region.
Key players operating in the discrete semiconductor include Ottobock, Össur
hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation
Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co.,
Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Nobel
China Limited, Shijiazhuang Aofeite Import & Export Co., Ltd., e-Life
International Co., Ltd., Rehan International Co., Ltd., and Xiamen Huakang
Orthopedic Co., Ltd. Ottobock dominated the discrete semiconductor market with
more than 15% market share in 2024 owing to its diverse product portfolio and
strong distribution network across major markets.
The global discrete semiconductor market is highly competitive. Key players are
focusing on new product launches, expanding their manufacturing facilities and
entering into strategic partnerships to gain market share. For instance, in
2022, Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd partnered
with e-Life International Co., Ltd to strengthen its presence in North American
region.
For more insights, read- https://www.newswirestats.com/discrete-semiconductor-market-trends-size-and-share-analysis/
0 Comments