Discrete Semiconductor Market Predicted to Hit US$ 37.9 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled “Discrete Semiconductors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global discrete semiconductor market size, share, report, analysis, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Discrete Semiconductors?

Discrete semiconductors are singular devices designed to perform the function of two different devices in a specific configuration. Some common types of discrete semiconductors include rectifiers, insulated-gate bipolar transistors (IGBTs), bipolar transistors, metal–oxide–semiconductor field-effect transistors (MOSFETs), and thyristors. They are used in computers, smartphones, hybrid cars, LED lights, tablets, and portable medical electronics to perform modest electronic functions, including power conversion and voltage regulation. They are portable, easily replaceable, reliable, and offer increased operating speed and lower power consumption. As a result, discrete semiconductors find extensive applications in automotive, consumer electronics, and telecommunications industries across the globe.

How Big Is the Discrete Semiconductors Market?

The global discrete semiconductor market size reached US$ 27.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Global Industry Trends and Drivers:

The global discrete semiconductor market is primarily driven by rapid growth in the automotive industry. Moreover, the rising use of discrete semiconductors to manufacture various consumer electronics, such as refrigerators, tablets, computers, ovens, and portable electronics, has augmented product demand. Additionally, discrete semiconductors are commonly used in vehicles with mobile independent directing guides, heads-up displays, and phone integration. In line with this, the rising adoption of hybrid electric vehicles (HEV), autonomous car technology, electric vehicles (EVs), and regenerative braking systems is propelling market growth. Furthermore, numerous product innovations, including silicon-carbide (SiC) MOSFETs, that improve power devices for EV powertrains and enhance power density, energy efficiency, and reliability, are contributing to the market growth. Other factors, including ongoing research and development (R&D) activities, rising demand for high-energy and power-efficient devices, and the launch of wireless and portable electronic products, are anticipated to create a positive market outlook in the coming years.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

• Diodes
  • General-Purpose Rectifiers
  • High-Speed Rectifiers
  • Switching Diodes
  • Zener Diodes
  • ESD Protection Diodes
  • Variable-Capacitance Diodes
• Transistors
  • MOSFET
  • IGBT
  • Bipolar Transistor
• Thyristor
• Modules

Breakup by End User:

• Automotive
• Consumer Electronics
• Communication
• Industrial
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Diodes Incorporated, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Nexperia (Wingtech Technology), NXP Semiconductors N.V., On Semiconductor Corporation, Qorvo, STMicroelectronics, Taiwan Semiconductor Manufacturing Company Limited and Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation).