NEWARK, Aug. 12, 2024 (GLOBE NEWSWIRE) — According to a report published by The Brainy Insights, the global discrete semiconductor market is expected to grow at a CAGR of 6% during the forecast period 2023-2032, reaching USD 44.2 billion by 2033. North America was to be the largest market for global discrete semiconductors, accounting for a market revenue share of 39% in 2023. The United States is a key country in the semiconductor sector in the manufacturing, design, and research of discrete semiconductors. The US semiconductor business (including discretes) is also one of the leading export industries. According to the International Trade Association (ITA), most semiconductors (more than 82%) are direct exports to the United States. According to the World Semiconductor Trade Statistics (WSTS) organization, the region accounts for approximately 22% of the global semiconductor market, but more than 10% of the discrete semiconductor market.
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Some of the major players in the industry include ABB Limited, Fuji Electric Co., Ltd., Diodes Incorporated, Nexperia, ON Semiconductor, Hitachi, Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Eaton Corporation, Taiwan Semiconductor Manufacturing Company Ltd, Infineon Technologies, STMicroelectronics NV, NXP Semiconductors, D3 Semiconductor, Vishay Intertechnology Inc. and others are continuously focusing on new product developments and venture capital investments to provide greater opportunities and capture market share.
Report Scope and Segmentation –
Scope of the ReportDetailsForecast Period2024-2033Forecast CAGR6%Market Size in 2033US$44.2 BillionHistorical Data2020-2022Number of Pages233Scope of the ReportRevenue forecast, company profiles, competitive landscape, growth drivers, latest trendsSegments coveredTypes, Components, Applications, RegionsCoveredGeographiesThe regions covered for the market analysis are Asia Pacific, Europe, South America, North America, Middle East & Africa.Furthermore, the regions are further analyzed at the country level.Growth Factors in the Discrete Semiconductor MarketIncreasing demand for electronic devices
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The type segment is divided into diodes, thyristors, transistors, modules, etc. The transistor segment dominated the market, capturing a market share of around 37.9% in 2023. Transistors are semiconductor devices that amplify or switch electrical signals and power. Transistors are fundamental components of modern electronic devices. The component segment is divided into memory devices, discrete power, logic, etc. The memory device segment dominated the market, capturing a market share of around 40.5% in 2023. Discrete semiconductor memory devices are utilized in a variety of consumer electronics, including desktop PCs, tablets, laptops, and smartphones, which are in high demand. The application segment is divided into networking and communications, industrial, consumer electronics, automotive, etc. The automotive segment dominated the market, capturing a market share of around 38.8% in 2023. The electric vehicle market is highly competitive, with new manufacturers pushing the boundaries of innovation. For example, Porsche has equipped the Taycan with an 800 V system, while many of the recent electric vehicles use 400 V batteries. This will boost the growth of the automotive sector.
The global discrete semiconductor market is expected to witness significant growth owing to the increasing demand for power-efficient devices across various industries. Discrete semiconductors such as diodes, transistors, and thyristors are key components in a wide range of applications, including consumer electronics, automotive, and industrial systems.
Discrete semiconductors are becoming essential as industries continue to prioritize energy efficiency and miniaturization. The market is also benefiting from the rapid adoption of electric vehicles (EVs) and renewable energy solutions, with these components playing a critical role in power management.
Due to technological advancements and increasing demand for high performance electronic devices, the discrete semiconductor market is expected to expand significantly over the next few years.
The increasing need to control power across circuits is driving the discrete semiconductor market. Additionally, safety, infotainment, navigation, fuel economy, security in automotive parts, solid-state lighting, automation, transportation, and energy management in industrial parts are likely to drive the market expansion. For example, insulated gate bipolar transistors (IGBTs) are a key component in EV power electronics systems. As EV sales increase globally, the demand for IGBTs is expected to grow significantly.
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