The Discrete Semiconductor Market Is Estimated To Witness High Growth Owing To Rising Demand for Consumer Electronics

Market Overview:
Discrete semiconductors are used in various consumer electronic devices such as mobile phones, television sets, gaming consoles, computers to name a few. Some key applications of discrete semiconductors include rectification, amplification, switching, voltage regulation etc. The use of discrete semiconductors helps in simplifying circuit design and enhances functionality of electronic devices used in various 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 Dynamics:
One of the major drivers propelling growth of discrete semiconductor market is rising demand for various consumer electronic devices worldwide. Advancements in technologies such as 5G, IoT, artificial intelligence etc. are increasing functionality of consumer electronic devices which in turn is boosting their demand globally. According to Coherent Market Insights analysis, sales of consumer electronic devices reached US$ 1.4 Trillion in 2021 and is expected to grow over 5% annually till 2030. Another driver fueling market growth is increasing usage of electric vehicles. Electric vehicles use numerous discrete semiconductors for motor control units, battery management systems and charging infrastructure among other applications. Strict emission norms enforced by governments worldwide to curb air pollution is promoting adoption of electric vehicles thereby positively impacting demand for discrete semiconductors.

SWOT Analysis
Strength: Discrete semiconductor offers high power handling capacity, improved functionality, and enhanced efficiency in three or more sentences. Weakness: High initial investment cost and technical complexities in manufacturing discrete semiconductors in two sentences. Opportunity: Growing adoption of discrete semiconductors in electric vehicles and renewable energy devices in three sentences. Threats: Volatility in raw material prices and increasing demand for integrated circuits in place of discrete semiconductors in two sentences.

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 demand for electric vehicles. Automakers are incorporating discrete semiconductors into electric powertrains and battery management systems to enable fast charging and extended driving range.

Regional analysis related content comprises Regional analysis related content: North America dominates the global discrete semiconductor market and is expected to maintain its leading position over the forecast period. This is attributed to strong automotive, industrial, and manufacturing base in the US and Canada. Asia Pacific displays the fastest growth in the discrete semiconductor market owing to large production of consumer electronics and presence of discrete semiconductor manufacturing facilities in countries like China, Taiwan and South Korea.

Key players related content comprises 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.