Discrete Semiconductor Market Predicted to Reach USD 88.03 Billion by 2031

Category : Semiconductor And Electronics | Published Date : Jun 2024

Discrete Semiconductor Market Definition & Overview :

A discrete semiconductor is a single semiconductor device designed to perform an elementary electronic function. The primary types of discrete semiconductors include diodes, transistors, thyristors, and Schottky diodes among others.

Consegic Business Intelligence analyzes that the Global Discrete Semiconductor Market was valued at USD 43.72 Billion in 2022, projected to grow by USD 46.35 Billion in 2023, and is expected to register a CAGR of 8.3% to reach USD 88.03 Billion in 2031.

This report comprises Discrete Semiconductor Market Size, Share & Industry Analysis, By Type(Transistor, Thyristor, Diodes, Rectifier, and Others), By Sales Channel(Direct Sales and Distributor Sales), By End-User(Automotive, Aerospace & Defense, IT & Telecommunication, Consumer Electronics, and Others), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.

This report contains detailed information on Discrete Semiconductor Market Value, Growth Rate, Segmentation, Geographical Coverage, Trends, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.

As per the report analysis, the growing utilization of discrete semiconductor consumer electronics and the automotive sector are the key discrete semiconductor market drivers. The rising demand for electric vehicles increases the usage of discrete semiconductors due to advantages like faster speeds, high power density, and enhanced energy efficiency.

Segmental Analysis :

The Discrete Semiconductor Market is segmented into four major segments based on type, sales channel, end-user, and region.

On the basis of type, the market is further segmented into transistors, thyristors, diodes, rectifiers, and others.

  • In 2022, the transistor segment holds the largest revenue share, as transistors have faster-switching speeds, high breakdown tolerance, high electron mobility, and enhanced thermal conductivity.
  • The diode segment is anticipated to witness the fastest CAGR growth, due to the ability of diodes to protect electrical circuits from damage caused by short circuits, overvoltage, and overcurrent is increasing its utilization in IT & telecommunication, automotive, and other industrial applications.

Based on the sales, the market is bifurcated into direct sales and distributor sales.

  • The distributor sales segment accounted for the largest revenue share in the year 2022, which is further divided into offline and online distribution.
  • The direct sales channel is expected to register the fastest CAGR during the forecasted period due to faster response time, higher product quality, competitive pricing, and higher return on investments.

Based on the end-user, the market is divided into automotive, aerospace & defense, IT & telecommunication, consumer electronics, and others.

  • The consumer electronics segment accounted for the largest revenue share of 29.52% in 2022, due to the surging demand for consumer electronic devices.
  • The automotive segment will have the fastest CAGR growth during the forecast period because of the rising automotive production.

By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

  • The North American region is expected to reach over USD 33.28 Billion by 2031 from a value of USD 16.27 Billion in 2022.
  • The Asia-Pacific is anticipated to grow with the highest CAGR growth of 8.6% in the forecasted period as the consumer electronics sector is growing.
Report Attributes Report Details
By Type Transistors, Thyristors, Diodes, Rectifiers, and Others
By Sales Channel Direct Sales and Distributor Sales
By End-User Automotive, Aerospace & Defense, IT & Telecommunication, Consumer Electronics, and Others
By Region North America(U.S., Canada, Mexico)
Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe)
APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific)
Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA)
LATAM(Brazil, Argentina, Chile, Rest of LATAM)

Top Key Players & Competitive Landscape :

The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging trends and dynamics in partnerships.

List of prominent players in the Discrete Semiconductor Market :

  • Infineon Technologies AG
  • STMicroelectronics
  • ABB
  • Mitsubishi Electric Corp
  • Fuji Electric Co. Ltd.
  • Vishay Intertechnology Inc.
  • Renesas Electronics Corporation
  • Nexperia
  • Microchip Technology Inc.

Recent Industry Developments :

  • Nexpheria, a global semiconductor company, launched a new power GaN (gallium nitride) field effect transistor in May 2023 designed for low and high-voltage applications. The GaN transistor provides high power efficiency and compact solution size in multiple power conversion applications.