Global Transient Voltage Suppressor Market growing at a CAGR of 7.9% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jun 2023
Key Market Overview
The global transient voltage suppressor market was valued at USD 847.87 million in 2022 and is expected to register a compound annual growth rate of 7.9% to reach USD 1,529.02 million in 2030.
The report highlights the increasing adoption of transient voltage suppressors to provide protection to the electric circuits. Consegic Business Intelligence provides an inclusive research report on the transient voltage suppressor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Transient Voltage Suppressor Market By Overview
The report analyses significant segments such as type, voltage, packaging, application, end-user and region, to identify emerging trends and potential opportunities. The end-user segment is expected to grow due to the increasing adoption of TVS devices in automotive industry for the protection of infotainment systems and ADAS systems. Moreover, the adoption of TVS devices for the protection of industrial power supplies, motor drives, and other industrial equipment from voltage surges is accelerating the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- The increasing demand for high-speed communication systems is driving the demand for transient voltage suppressors, resulting in the market growth.
- The growing need for safe and reliable connections in electronic devices is propelling the growth of the market.
- The increasing adoption transient voltage suppressors in automotive industry for the protection of electric circuits is accelerating the growth of the market.
Restraints:
- The availability of alternate devices including Metal Oxide Varistors (MOVs) and Gas Discharge Tubes (GDTs) providing similar protection against voltage transients is hindering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Uni-Polar TVS and Bi-Polar TVS |
| By Voltage | Below 5V, 5V-10V, 10V-15V, 15V-20V, and Above 20V |
| By Packaging | Surface Mount Technology (SMT), Through-Hole Technology (THT), and Others |
| By Application | DC Supply Protection, DC Load Protection, AC Supply Protection, Elector-Magnetic Interference Limiting, Operational Amplifier Protection, and Others |
| By End-User | Automotive, Telecommunication, Industrial Power Supplies, Military/Aerospace, Consumer Electronics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global transient voltage suppressor market is highly competitive due to the presence of major players such AVX Corporation, Bourns Inc., BrightKing Inc., Diodes Inc., Infineon Technologies AG, Littelfuse Inc., Microsemi Corporation, Nexperia, NXP Semiconductors N.V operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in transient voltage suppressor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- AVX Corporation
- Bourns Inc.
- BrightKing Inc.
- Diodes Inc.
- Infineon Technologies AG
- Littelfuse Inc.
- Microsemi Corporation
- Nexperia
- NXP Semiconductors N.V.
- On Semiconductor Corporation
- Panasonic Corporation
- ProTek Devices
- ROHM Semiconductor
- Remcom