The discrete semiconductor market comprises solid-state electronic components such as transistors, diodes, optoelectronics, and MOSFETs that perform distinct electrical functions. These semiconductor components are utilized in various end-use industries such as automotive, industrial & healthcare, consumer electronics, and telecommunications. Advances in IoT, artificial intelligence (AI), and electric vehicles have been driving the demand for discrete semiconductors. Discrete semiconductors are crucial components in applications pertaining to automotive electronics, industrial automation, medical devices, and wireless connectivity.
The global discrete semiconductor market is estimated to be valued at US$ 38.16 billion in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing adoption of IoT and AI is driving the discrete semiconductor market. Connected devices and the integration of sensors across various end-use industries have increased the demand for discrete components such as logic ICs, power MOSFETs, and optical couplings. Manufacturers are developing discrete semiconductors optimized for low-power AI applications on edge devices. Additionally, escalating demand for electric vehicles is augmenting the market growth. Critical automotive electronics systems such as battery management, motor control, and chargers extensively utilize discrete power devices and logic ICs. An uptick in electric vehicle adoption would correspondingly spur the need for discrete semiconductors.
Segment Analysis
The discrete semiconductor market can be segmented on the basis of type into diodes, MOSFETs, IGBTs, Bipolar Transistors, Thyristors and others. The diodes segment is dominating the market and is expected to continue its dominance over the forecast period. Diodes find wide applications in fields of consumer electronics, automotive, telecommunication, industrial and healthcare among others. The ease of operation and low manufacturing cost of diodes is boosting the growth of this segment.
PEST Analysis
Political: Stable political environment is encouraging investments in discrete semiconductor industry across regions. Various government initiatives and funding for R&D activities in semiconductor domain is also boosting the market growth.
Economic: Growing economy and rising disposable income is increasing spending on electronics products using discrete semiconductors. High demand from automotive and industrial sectors is fueling the market expansion.
Social: Increasing use of mobile phones and consumer electronics which extensively use discrete semiconductors is driving the market growth. Technological advancements and emergence of new applications are propelling the social demand.
Technological: Advancements in packaging and process technology is enabling production of smaller, more powerful and energy efficient discrete semiconductors. New materials and innovations in discrete components are enhancing their performance.
Key Takeaways
The global Discrete Semiconductor Market Share is expected to witness high growth over the forecast period. The global discrete semiconductor market is estimated to be valued at US$ 38.16 billion in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 to 2031.
Regionally, Asia Pacific region dominates the market and is expected to remain the fastest growing region owing to presence of key players and advancements in several countries like China, India and Japan.
Key players
operating in the discrete semiconductor market are Ottobock, Össur hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Nobel China Limited, Shijiazhuang Aofeite Import & Export Co., Ltd., e-Life International Co., Ltd., Rehan International Co., Ltd., and Xiamen Huakang Orthopedic Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
