Global Discrete Semiconductor Market is expected to grow from USD 21.63 Billion in 2022 to USD 56.2 Billion by 2032, at a CAGR of 5.20% during the forecast period. Electronic producers are looking for components that are quick, compact, and capable of increasing production efficiency, thus increasing the Discrete Semiconductor Market Share. These needs are met by discrete components such as diodes, transistors, thyristors, and modules. Safety, infotainment, navigation, and fuel efficiency in automotive components, as well as security, automation, solid-state lighting, transportation, and energy management in industrial components, are likely to drive the Discrete Semiconductor Market Revenue and Discrete Semiconductor Market Demand. In the EV power electronics system, for example, an insulated gate bipolar transistor (IGBT) is a critical component. Because of the rise in EV sales around the world, IGBTs are projected to be in high demand. According to the IEA, global sales of electric automobiles will reach 6.6 million in 2021. Electric vehicles accounted for 9% of global vehicle sales.
Furthermore, to extend their Discrete Semiconductor Market Demand and Discrete Semiconductor Market Revenue in the power module category, Discrete Semiconductor Industry is developing innovative solutions. For example, STMicroelectronics, a leading semiconductor company serving customers across the spectrum of electronics applications, announced the release of its third generation of STPOWER silicon-carbide (SiC) MOSFETs1, advancing the state-of-the-art in power devices for electric-vehicle (EV) powertrains and other applications where power density, energy efficiency, and reliability are key target criteria.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Discrete Semiconductor Market has been severely impacted by the COVID-19 pandemic. There are many end-user sectors notably discrete semiconductors, that have been impacted. Working on the factory floor, where employees work in close quarters to increase productivity, is a big aspect of the electronic component production process. Market players are currently assessing the effects on three fronts: market demand, supply chain, and workforce. While customer behavior evolves rapidly and with future uncertainty, demand for the product is shifting across ASICS, memory, sensors, and other areas. Furthermore, many businesses have put off hardware upgrades and other long-term migration projects. For example, in many countries, such as India, Japan, Poland, and Israel, the 5G plan has been postponed, causing concern about the debut of commercial 5G services. As the virus spreads over the world, global supply systems are interrupted, and quarantine lengths remain unknown. To limit the deadly virus, many production plants around the world were shut down. For example, due to government regulations in countries such as Malaysia, China, Malaysia, and the Philippines, most of On Semiconductors' manufacturing sites were shut down, affecting the company's capacity to sell products to its clients and creating a demand-supply imbalance.
The increased demand for high-energy, low-power devices is propelling the Discrete Semiconductor Market Size and Discrete Semiconductor Market Share. In addition, the market is developing due to the rising demand for MOSFETs and IGBTs in electronics and cars. As a result, rising demand for discrete semiconductors from consumer electronics and the automotive industry is a primary driver of market expansion. Consumer electronics companies are investing extensively in R&D to give better products to their customers. During the projected period, this is expected to influence the Discrete Semiconductor Industry. Furthermore, the market's growth is likely to be fueled in the approaching years by the demand for green energy power generation driven by Discrete Semiconductor Market Key Players.
The market's growth is projected to be hampered by product manufacturers' preference for integrated circuits. The growth in the focus on integrated circuits, as well as a lack of progress and development in technology, are among the primary factors acting as barriers and will continue to challenge the discrete semiconductor market in the forecast period.
Discrete semiconductors are discrete components used in amplifiers and other electrical goods that require significant amounts of current, such as diodes, transistors, and modules. These semiconductors are mixed in with the chips on a circuit board. At least one or two discrete resistors or capacitors are found in almost every electrical product. It is meant to execute basic electronic functions and is not divided into separate components that may operate independently; instead, the components are joined together on a circuit board or terminal strip. Discrete semiconductors are well-suited to working in a wide variety of temperatures and conditions, making them perfect for use in aeronautical, industrial, and military applications.
The Discrete Semiconductor Market has been bifurcated into various segments that will help the market to achieve the highest CAGR during the Discrete Semiconductor Market Forecast. The Discrete Semiconductor Market key players have also helped in the segmentation which is as follows:
Due to the substantial presence of semiconductor industries in China, Taiwan, South Korea, and India, the Asia-Pacific region leads the discrete semiconductor industry. Because of the ongoing development of AI-based semiconductors and the constant need for semiconductors from the automotive industry, North America and Europe are projected to hold a substantial share of this market. Because of the region's massive automotive and other industries that require discrete semiconductors, North America is one of the most important marketplaces. The region is home to companies including On Semiconductor Corporation, Diodes Incorporated, and D3 Semiconductor LLC, among others. Central Semiconductor Corp., a maker of unique discrete semiconductor solutions situated in the United States, announced its new line of Silicon Carbide (SIC) Schottky Rectifier. These devices are offered in 650V and 1200V, with current ranges of 2A and 50A for 1,200V devices and 4A to 30A for 650V devices, and are optimized for high-temperature applications.
Because of the growing demand for better and more efficient components from communications, consumer electronics, and other equipment manufacturers, demand for discrete devices is outpacing supply. To enhance their market share and consumer base, the market's major players are acquiring other companies that specialize in these products. In terms of innovation, product development, and supply chain prospects, the semiconductor market is projected to remain competitive. As a result, manufacturers have begun to shift their primary businesses away from low-cost manufacturing areas and into technology-based high-value product lines to boost sales. The major key players in the Discrete Semiconductor Market market are as follows:
ABB Ltd:
A study of the rivals' global development strategies, market share, and market position can be found in the competitive landscape section. The research looks at regional consumer and technical trends, as well as recent industry dynamics. In the market study, there is a part dedicated to key firms, as well as product benchmarking. Market drivers, restraints, technical advances, and sectors are all included in the study. On a range of areas, the study offers data-driven insights and suggestions. The discrete semiconductor is primarily driven by power discrete, which are used in many electronic applications, ranging from consumer electronics to electric charging stations, according to the report.
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