Market Overview:
Discrete semiconductors are utilized in various electronic devices like electric car traction systems, computer systems, communication devices, and industrial applications. They aid in performing voltage control and power switching functions. Key discrete components include diodes, transistors, thyristors, and other power devices. Their small size, reliability, and lower power consumption compared to other semiconductors make them suitable for a variety of end-use industries.
The global Discrete Semiconductor Market is estimated to be valued at US$ 33.12 Bn or Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising adoption of Silicon Carbide (SiC) and Gallium Nitride (GaN) based discrete semiconductors is one of the key trends in the market. SiC semiconductors offer higher voltage capability, higher operating temperature, and better efficiency compared to conventional silicon semiconductors. GaN semiconductors also exhibit similar advantages. Owing to these benefits, discrete SiC and GaN semiconductors witness significant demand from industries like EV, renewable energy, and power supply. Their usage helps in designing compact power electronics equipments with improved performance characteristics.
Porter’s Analysis
Threat of new entrants: Low capital requirements and intellectual property protection posed by incumbents make threat of new entrants low in the discrete semiconductor market.
Bargaining power of buyers: Large semiconductor customers like Apple, Samsung, Intel exert significant bargaining power on suppliers due to their huge demand and resource superiority.
Bargaining power of suppliers: Majority of production capacity is concentrated among top players, giving them pricing power over raw material suppliers in the industry.
Threat of new substitutes: Emerging technologies like MEMS pose a threat, though discrete semiconductors have strong applications in various end-use industries ensuring growth over the forecast period.
Competitive rivalry: Intense competition exists among top players to gain market share through extensive R&D investments and strategic collaborations.
Key Takeaways
The Global Discrete Semiconductor Market Size is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing penetration of electronic goods across industrial sectors.
The discrete semiconductor market size for 2023 is estimated to reach US$ 33.12 billion. Regional analysis The Asia Pacific region dominates the global discrete semiconductor market with a market share of over 40% in 2023, led by the presence of fabrication plants of major players and strong electronics manufacturing ecosystem in countries like China, Taiwan and South Korea.
Key players operating in the discrete semiconductor market are Toshiba Electronic Devices & Storage Corporation (Toshiba Corp.), Hitachi Power Semiconductor Device Ltd (Hitachi Ltd), Mitsubishi Electric Corporation, Vishay Intertechnology Inc., NXP Semiconductors NV, ON Semiconductor Corporation, Microsemi Corporation (Microchip Technology), Diodes Incorporated, STMicroelectronics NV, Eaton Corporation PLC, ROHM Co. Ltd, Renesas Electronics Corporation, Nexperia BV, Fuji Electric Co. Ltd, Cree Inc., Qorvo Inc., D3 Semiconductor LLC, ABB Limited, Infineon Technologies AG, United Silicon Carbide Inc., Taiwan Semiconductor Co. Ltd, Littelfuse Inc. and General Electric Company.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it