Automotive Diode Market Overview
Automotive Diode Market Size was valued at USD 10.60 Billion in 2023. The Global Automotive Diode industry is projected to grow from USD 11.32 Billion in 2024 to USD 17.94 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024 - 2032). Increased adoption of electric vehicles necessitates the use of diodes, which are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Diode Market Trends
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Growing emphasis on vehicle electrification is driving the market growth
Market CAGR for automotive diode is being driven by the growing emphasis on vehicle electrification. The burgeoning clamor for electric vehicles (EVs) stands as a pivotal propellant, propelling the market into uncharted realms. With the relentless surge in EV uptake on a global scale, the clamor for diodes surges in tandem, resonating across multifarious electrical conduits and configurations within these state-of-the-art vehicles. Diodes, the unsung heroes of the electrical realm, don the mantle of indispensability, orchestrating an intricate ballet of electrical flux, shielding delicate electronic nuclei, and orchestrating the seamless orchestration of EV systems, from the cerebral command of battery management systems to the sinewy might of onboard chargers, inverters, and the synaptic web of power distribution units.
Moreover, as the frontiers of EV technology breach new horizons, ushering forth the era of high-voltage systems, the clarion call for bespoke diodes, imbued with the fortitude to withstand the thunderous torrents of voltage and current, reverberates across the automotive landscape. Thus, ensconced within this crescendo of electrification, the epoch of electric vehicles unfurls a tapestry of tantalizing opportunities for the vanguard of diode artisans, beckoning them to push the boundaries of innovation and unfurl the ensign of their product armada upon the fertile soil of the automotive domain.
As automotive manufacturers transition towards electric and hybrid vehicles, there's an increasing demand for diodes to support various electrified vehicle systems. Diodes play a crucial role in managing electrical currents, protecting sensitive electronic components, and ensuring the efficient operation of electrified vehicle systems such as battery management systems, onboard chargers, and power electronics. Additionally, as traditional internal combustion engine vehicles undergo electrification with the integration of advanced electrical systems, diodes are essential for controlling the flow of electricity and enhancing overall vehicle performance. The shift towards vehicle electrification presents a lucrative opportunity for diode manufacturers to supply high-quality, reliable diodes that meet the stringent requirements of modern automotive electrical systems.
The growing focus on energy efficiency and sustainability is a driving force behind the automotive diode market. As automotive manufacturers strive to reduce emissions and improve fuel efficiency, there is an increasing need for diodes that enable energy-efficient systems in vehicles. Diodes play a vital role in various energy-efficient applications, such as regenerative braking systems, powertrain electrification, and energy storage systems in hybrid and electric vehicles. Additionally, diodes help optimize energy usage, minimize power losses, and enhance overall vehicle efficiency. With the rising demand for environmentally friendly transportation solutions, automotive manufacturers are incorporating advanced diodes into their vehicles to meet stringent regulatory requirements and consumer expectations for sustainability.
As a result, the growing focus on energy efficiency and sustainability presents lucrative opportunities for diode manufacturers to innovate and cater to the evolving needs of the automotive industry. For instance, Diodes Incorporated introduced a new series of high-current Schottky rectifiers in ultra-compact chip-scale packages. Notably, products like SDM5U45EP3 (5A, 45V), SDM4A40EP3 (4A, 40V), and SDT4U40EP3 (4A, 40V) have attained the highest current densities in their class within the industry. These advancements effectively address market needs for smaller and more potent electronic systems.
Automotive Diode Market Segment Insights
Automotive Diode Type Insights
The Automotive Diode Market segmentation, based on type, includes Zener Diode, Rectifier Diode, Schottky Diode, Light Emitting Diode, and Others. In 2023, the Zener Diode segment dominated the market, accounting for 35% of market revenue due to their essential role in voltage regulation and protection applications. Zener diodes are widely used in automotive electronics for voltage clamping, overvoltage protection, and voltage reference purposes. They provide stable voltage outputs even under varying load conditions, ensuring the reliability and safety of automotive electrical systems. Additionally, Zener diodes are available in a wide range of voltage ratings and package options, making them suitable for diverse automotive applications, thus driving their dominance in the market.
Schottky diodes are experiencing the highest compound annual growth rate (CAGR) in the market due to their superior performance characteristics and increasing demand for high-speed, high-frequency applications. Schottky diodes offer advantages such as lower forward voltage drops, faster switching speeds, and lower reverse recovery time compared to conventional diodes, making them ideal for power conversion and efficiency improvement in automotive systems. Additionally, the growing adoption of electric vehicles and advanced automotive electronics is driving the need for Schottky diodes in various applications, such as battery management systems, onboard chargers, and motor control units, contributing to their rapid growth in the market.
Figure 1: Automotive Diode Market, by Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Diode Vehicle Type Insights
The Automotive Diode Market segmentation, based on Vehicle Type, includes Passenger Cars and Commercial Vehicle. In 2023, the Passenger Cars category generated the most income due to their sheer volume of production and widespread consumer adoption. These vehicles incorporate a wide array of electronic systems and components, including lighting systems, infotainment systems, safety features, and engine control units, all of which require diodes for efficient operation. Additionally, passenger cars often feature advanced technologies and connectivity options, further driving the demand for diodes to support these functionalities, solidifying their dominance in the market.
Commercial vehicle type is experiencing the highest compound annual growth rate (CAGR) in the market due to several factors. These include the increasing adoption of advanced electronic systems in commercial vehicles for fleet management, telematics, and safety applications. Additionally, the growing demand for electric and hybrid commercial vehicles necessitates the use of diodes in various electrified systems. Moreover, the expansion of logistics and transportation sectors globally contributes to the rising demand for diodes in commercial vehicles, driving their rapid growth in the market.
Automotive Diode Application Insights
The Automotive Diode Market segmentation, based on Application, includes Powertrain System, Lighting System, Infotainment System, Safety and Security System, and Automotive HVAC System. In 2023, the Powertrain System category generated the most income due to its critical role in vehicle propulsion and energy management. Diodes are essential components within powertrain systems, facilitating efficient energy conversion, voltage regulation, and current control. They help optimize the performance of internal combustion engines, hybrid powertrains, and electric vehicle drivetrains, ensuring smooth operation and enhancing overall vehicle efficiency. As powertrain systems continue to evolve with advancements in vehicle electrification, the demand for diodes in this application segment remains high, driving their dominance in the market.
The lighting system application is experiencing the highest compound annual growth rate (CAGR) in the market due to several factors. These include the increasing demand for advanced lighting technologies such as LED and OLED lighting systems in vehicles. Diodes are essential components in automotive lighting systems, enabling efficient energy conversion, precise control of light output, and enhanced durability. With the growing focus on safety, aesthetics, and energy efficiency in vehicle lighting, the demand for diodes in this application segment is rapidly increasing, driving their growth in the automotive diode market.
Automotive Diode Propulsion Insights
The Automotive Diode Market segmentation, based on Propulsion, includes ICE and Electric. In 2023, the ICE category generated the most income due to its widespread use in traditional vehicles. ICE vehicles rely on numerous electronic systems and components, including engine control units, ignition systems, and lighting systems, all of which require diodes for efficient operation. As ICE vehicles continue to dominate the global automotive market, the demand for diodes in these applications remains high, solidifying their dominance in the market.
Electric propulsion is experiencing the highest compound annual growth rate (CAGR) in the market due to the increasing adoption of electric and hybrid vehicles. Electric propulsion systems rely heavily on electronic components, including diodes, for power management, motor control, and battery protection. With the growing demand for electric vehicles (EVs) and the development of advanced EV technologies, such as regenerative braking and fast charging, the need for diodes in electric propulsion applications is rising rapidly, driving their growth in the automotive diode market.
Automotive Diode Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America has secured the largest market share in the automotive diode market due to several factors. These include the region's established automotive industry, technological advancements, and high consumer demand for vehicles equipped with advanced electronic systems. Additionally, North America boasts a strong presence of automotive OEMs and component manufacturers, driving the adoption of diodes in various automotive applications. Moreover, favorable government regulations and initiatives supporting vehicle electrification and safety contribute to North America's dominance in the market.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.
Figure 2: AUTOMOTIVE DIODE MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Automotive Diode market accounts for the second-largest market share due to the advanced electronic systems and components. Europe has captured the second largest market share in the automotive diode market due to several factors. The region is characterized by a robust automotive industry with leading OEMs and suppliers driving innovation in automotive electronics. Additionally, Europe has stringent regulatory standards for vehicle safety and emissions, driving the adoption of advanced electronic systems and components, including diodes. Moreover, the growing demand for electric vehicles and advanced automotive technologies further contributes to Europe's significant market share. Further, the German Automotive Diode market held the largest market share, and the UK Automotive Diode market was the fastest growing market in the European region.
The Asia-Pacific Automotive Diode Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia Pacific region is experiencing the highest compound annual growth rate (CAGR) in the market due to several factors. These include the region's rapidly expanding automotive industry, increasing vehicle production, and rising consumer demand for vehicles equipped with advanced electronic systems. Additionally, the growing adoption of electric vehicles and the development of smart infrastructure in countries like China, Japan, and South Korea are driving the demand for diodes in automotive applications, fueling the growth of the market in the Asia Pacific region. Moreover, China’s Automotive Diode market held the largest market share, and the Indian Automotive Diode market was the fastest growing market in the Asia-Pacific region.
Automotive Diode Key Market Players & Competitive Insights
Leading players in the automotive diode market are focusing on product innovation, strategic partnerships, and geographic expansion to maintain their competitive edge. They are investing in research and market developments to develop advanced diode technologies that meet the evolving needs of automotive applications, including electric vehicles and autonomous driving systems. Additionally, these companies are forming partnerships with automotive manufacturers and suppliers to ensure the integration of their diode solutions into next-generation vehicles, thus solidifying their position in the market.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Diode industry to benefit clients and increase the market sector. In recent years, the Automotive Diode industry has offered some of the most significant advantages to ICE. Major players in the Automotive Diode market, including ON Semiconductor, Infineon Technologies AG, STMicroelectronics, Diodes Incorporated, Vishay Intertechnology, Inc., NXP Semiconductors, ROHM Semiconductor, Toshiba Corporation, Microsemi Corporation, Renesas Electronics Corporation, and Others, are attempting to increase market demand by investing in research and development operations.
ON Semiconductor is a prominent player in the automotive diode market, offering a comprehensive range of diode products tailored for automotive applications. With a focus on innovation and quality, ON Semiconductor provides diodes that meet stringent automotive industry standards for reliability, durability, and performance. The company's diode portfolio includes rectifiers, Schottky diodes, Zener diodes, and transient voltage suppressors (TVS), catering to diverse automotive electronics needs such as powertrain systems, lighting systems, safety systems, and infotainment systems. Leveraging its expertise in semiconductor technology, ON Semiconductor collaborates closely with automotive manufacturers and suppliers to develop cutting-edge diode solutions that address the evolving requirements of the automotive industry, ensuring safer, more efficient, and more reliable vehicles on the road.
Diodes Incorporated is a leading provider of diode solutions in the automotive diode market, offering a wide range of products tailored for automotive applications. With a focus on innovation, quality, and reliability, Diodes Incorporated delivers diodes that meet the stringent requirements of the automotive industry. The company's diode portfolio includes rectifiers, Schottky diodes, Zener diodes, transient voltage suppressors (TVS), and automotive-grade LED drivers, addressing various automotive electronics needs such as power management, lighting systems, safety systems, and infotainment systems. Leveraging its extensive experience and expertise in semiconductor technology, Diodes Incorporated collaborates closely with automotive OEMs and Tier 1 suppliers to develop customized diode solutions that enable safer, more efficient, and more reliable vehicles.
Key Companies in the Automotive Diode market include
- ON Semiconductor
- Infineon Technologies AG
- STMicroelectronics
- Diodes Incorporated
- Vishay Intertechnology, Inc.
- NXP Semiconductors
- ROHM Semiconductor
- Toshiba Corporation
- Microsemi Corporation
- Renesas Electronics Corporation
Automotive Diode Industry Developments
June 4, 2024:
Today, the 13.5Gbps high-speed video switch, the PI3WVR41310, was announced by Diodes Incorporated (Diodes) (Nasdaq: DIOD). Increased resolution and refresh rates are made possible by the device for embedded applications, docking stations, gaming monitors, next-generation commercial displays, and video-matrix switches.
A 1:3 demultiplexer or a 3:1 multiplexer can be used with the PI3WVR41310 four-lane video switch. The switch supports connections like DisplayPortTM 2.1 up to the ultra-high bit rate UHBR13.5 specification, including HDMI 2.1 and other emerging and proprietary standards. It has an insertion loss of -1.8dB at 13.5Gbps and a -3dB bandwidth of 10GHz.
Additionally, the device supports a broad range of signal voltages, allowing for multi-standard, DC-coupled operations, with a common-mode voltage of 0V to the supply rail. DC coupling improves signal integrity and conserves space in highly populated PCB designs by doing away with AC-coupling capacitors. The PI3WVR41310 is intended for use in high-speed video signaling applications and guarantees low bit-to-bit skew, low channel-to-channel crosstalk, and low off-channel isolation in addition to low signal-return loss.
Hot-plug detection (HPD) pins, which enable equipment to detect connections automatically, and dedicated display-data-channel/auxiliary-channel (DDC/AUX) pins facilitate proper configuration and communication between connected devices.
Automotive Diode Market Segmentation
Automotive Diode Type Outlook
- Zener Diode
- Rectifier Diode
- Schottky Diode
- Light Emitting Diode
- Others
Automotive Diode vehicle Type Outlook
- Passenger Cars
- Commercial Vehicle
Automotive Diode Application Outlook
- Powertrain System
- Infotainment System
- Lighting System
- Safety and Security System
- HVAC System
Automotive Diode Propulsion Outlook
Automotive Diode Regional Outlook
North America
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 10.60 Billion |
| Market Size 2024 |
USD 11.32 Billion |
| Market Size 2032 |
USD 17.94 Billion |
| Compound Annual Growth Rate (CAGR) |
6.80% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Vehicle Type, Application, propulsion, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea |
| Key Companies Profiled |
 Technologies AG, STMicroelectronics, Diodes Incorporated, Vishay Intertechnology, Inc., NXP Semiconductors, ROHM Semiconductor, Toshiba Corporation, Microsemi Corporation, Renesas Electronics Corporation and Others |
| Key Market Opportunities |
Expansion of Connected Car Technologies and Demand for Energy-Efficient Solutions |
| Key Market Dynamics |
Growing Emphasis on Vehicle Electrification and Rising Demand for Electric Vehicles |
Frequently Asked Questions (FAQ) :
The global market size was valued at USD 10.60 Billion in 2023.
The global market is projected to grow at a CAGR of 6.80% during the forecast period, 2024-2032.
North America had the largest share in the global market.
The key players in the market are Technologies AG, STMicroelectronics, Diodes Incorporated, Vishay Intertechnology, Inc., NXP Semiconductors, ROHM Semiconductor, Toshiba Corporation, Microsemi Corporation, Renesas Electronics Corporation, and Others.
The Zener Diode category dominated the market in 2023.
Passenger Cars had the largest share in the global market.
