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/
For more insights, read- https://dailynewsmotion.weebly.com/report-blog/innovations-in-healthcare-navigating-the-cell-and-gene-therapy-market
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