In the last few years, the demand for discrete diodes increased significantly and is expected to rise further during the forecast period. The increasing need for high-energy, low-power devices positively influences the discrete diodes market growth. The "power diode" is expected to be the fastest-growing product segment during the forecast period. Power diodes are used as voltage multipliers, rectifier diodes, and freewheeling diodes, contributing to market growth. Furthermore, currently, electronic manufacturers want those components which are compact, fast, and capable of meeting growing production efficiency. These market growth determinants will highly contribute to the market's growth in the upcoming years.
Data Bridge Market Research shows that the Discrete Diodes Market accounted for USD 2.53 billion in 2021, expected to reach USD 4.17 billion by 2029. The market is expected to grow with a CAGR of 6.46% from 2022 to 2029.
"Rise in the device miniaturization is expected to drive the market growth"
- In recent years, packaging technologies and electronic assembly have become more complex. As a result, manufacturers in the discrete diode market have focused on decreasing the size of their products. Responding to the industry's demand for the portable products, the manufacturers of the discrete diode are introducing ultra-small discrete diode devices and expanding their miniaturized discrete diode product portfolio. New manufacturing technologies are also being developed to miniaturize discrete diodes and fulfill the increasing demand from end users for electronic parts or component solutions in ultra-small packages. The increasing demand for small and portable electronic products is expected to increase the demand for smaller passive components, eventually boosting market growth.
What restraints the growth of the discrete diodes market?
"Inadequate technological innovation"
The increasing preference of product producers for integrated circuits is expected to hamper the growth of the discrete diodes market. The increasing emphasis of end users on integrated circuits and the lack of technological innovation and development in the discrete diodes market are the major challenges that will continue detaining the market from 2023 to 2030.
Segmentation: Global Discrete Diodes Market
The discrete diodes market is segmented into product and end user.
- On the basis of product, the market is segmented into small signal diode, power diode, radio frequency, and microwave diode.
- On the basis of end user, the market is segmented into automotive, communications, computer and computer peripherals, consumer electronics, and others.
Regional Insights: Asia-Pacific is expected to dominate the discrete diodes market
Asia-Pacific is expected to dominate the market and grow significantly because of the strong presence of semiconductor industries in Taiwan, South Korea, China, and India. Moreover, the growing demand for green energy power generation will further boost the growth of the discrete diodes market in this region.
In addition, the Europe region is likely to register the highest growth rate during the forecast period because of the growth and expansion of the automotive industry in this region. Furthermore, the growing production of discrete diodes for the electronics industry will further boost the market growth in this region.
Recent Developments: Global Discrete Diodes Market
- In 2020, Infineon Technologies AG announced to launch of its industry-leading 'TRENCHSTOP BIPOLAR7 technology'. This launch will be perfect for power factor correction, industrial motor drives, photovoltaics, and uninterruptible power supplies.
- In 2020, STMicroelectronics announced releasing 26 new Schottky diodes in low-profile SMA and SBM flat packages with 25-200 V voltage ratings and current ratings of 1-5 A. As a result of their low voltage, these devices consume less energy in both consumer and industrial applications.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-discrete-diodes-market
The Prominent Key Players Operating in the Discrete Diodes Market Include:
- ABB (Switzerland)
- Semiconductor Components Industries, LLC (U.S.)
- Infineon Technologies AG (Germany)
- STMicroelectronics (Switzerland)
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan)
- NXP Semiconductors (Netherlands)
- Diodes Incorporated (U.S.)
- Nexperia (Netherlands)
- Qualcomm Technologies Inc., (U.S.)
- D3 Semiconductor (U.S.)
- Eaton (Ireland)
- Hitachi Ltd. (Japan)
- Mitsubishi Electric Corporation (Japan)
- Fuji Electric Co., Ltd. (U.S.)
- Murata Manufacturing Co. Ltd (Japan)
- Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
Above are the key players covered in the report, to know about more and exhaustive list of discrete diodes market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Discrete Diodes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
