Global Discrete Semiconductor Market to Reach US$ 37 Billion by 2027, Fostered by Elevating Sales of Electric Vehicles

December 15, 2022

IMARC Group’s latest report, titled “Discrete Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global discrete semiconductor market size reached US$ 25.68 Billion in 2021. A discrete semiconductor is a singular device designed to perform an elementary electronic function and cannot be divided into separate components functional in themselves. Some commonly used discrete semiconductor devices include bipolar transistors, rectifiers, thyristors, insulated-gate bipolar transistors (IGBTs), and metal–oxide–semiconductor field-effect transistors (MOSFETs). They are reliable, portable, and easily replaceable and provide enhanced operating speed and lower power consumption. They are mainly used to perform minor electronic functions, such as power conversion and voltage regulation in smartphones, hybrid cars, tablets, computers, LED lighting, and portable medical electronics. At present, discrete semiconductor devices find extensive applications across various industries, including automotive, consumer electronics, healthcare and telecommunications. 

Global Discrete Semiconductor Market Trends:

Discrete semiconductor devices are widely employed in vehicles equipped with mobile integration, heads-up displays, and independent directing guides. As a result, the elevating sales of electric vehicles (EVs) and hybrid electric vehicles (HEVs) coupled with the rapid expansion in the automotive sector represents one of the primary factors driving the market growth. This can be attributed to ongoing innovations, such as the rising adoption of autonomous vehicle technology, regenerative braking, and numerous sensors like LiDAR and cameras. Additionally, there has been an increase in the usage of discrete semiconductors for manufacturing tablets, computers, ovens, refrigerators, portable devices, and other consumer electronics. In line with this, the escalating demand for high-energy and power-efficient devices has accelerated product adoption rates. Furthermore, the leading manufacturers are introducing technologically advanced product variants, such as silicon-carbide (SiC) MOSFETs, that improve power devices for EV powertrains and enhance power density, energy efficiency, and reliability. Along with this, heavy investments in research and development (R&D) activities and product innovations are contributing to market growth. Other factors, including the emerging trend of electronics miniaturization, surging need for green energy power generation, favorable government policies, inflating sales of wireless and portable electronic products, and technological advancements, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market value to reach US$ 37 Billion by 2027, growing at a CAGR of 6.10% during 2022-2027.

Market Summary:

  • Based on the type, the market has been classified into diodes (general-purpose rectifiers, high-speed rectifiers, switching diodes, zener diodes, ESD protection diodes, and variable-capacitance diodes), transistors (MOSFET, IGBT, and bipolar transistor), thyristor, and modules.
  • On the basis of the end user, the market has been segmented into automotive, consumer electronics, communication, industrial, and others. 
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.   
  • The competitive landscape of the market has also been examined, with some of the key players being Diodes Incorporated, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Nexperia (Wingtech Technology Co., Ltd.), NXP Semiconductors N.V., On Semiconductor Corporation, Qorvo Inc., STMicroelectronics International N.V., Taiwan Semiconductor Manufacturing Company Limited, and Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation).
     

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Global Discrete Semiconductor Market to Reach US$ 37 Billion by 2027, Fostered by Elevating Sales of Electric Vehicles
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