Discrete Semiconductors Market Size, Share, Insights And Overview 2024-2033

The discrete semiconductors market size has grown rapidly in recent years. It will grow from $35.96 billion in 2023 to $40.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to electronics and semiconductor industry growth, growing consumer electronics demand, automotive electronics expansion, energy, efficiency and green technologies, and defense and aerospace applications.

The discrete semiconductors market size is expected to see rapid growth in the next few years. It will grow to $65.32 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to aerospace and space exploration, quantum computing developments, environmental sustainability and green semiconductors, global supply chain dynamics, and increasing demand for electronics. Major trends in the forecast period include industrial automation and iot, technological advancements, research and development investments, edge computing and edge devices, and medical electronics and healthcare technologies.

Market Overview -
The discrete semiconductors refer to components with complex integrated circuits and designed to perform elementary electronic functions. Discrete semiconductors are specially designed to perform a small electronic function, and they cannot be divided into individual components and work independently. It is utilized for high power and frequency operations such as communication, electronics, manufacturing, and others. Discrete semiconductors include igbts, mosfets, thyristors, diodes, rectifiers, and others.

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Automotive Industry Growth And Ev Demand Boost Discrete Semiconductors Market
The rapid growth in the automotive industry and the rise in the demand for MOSFETs and IGBTs in electronics and automobiles are expected to propel the growth of the discrete semiconductors market. An insulated-gate bipolar transistor (IGBT) is an integral component in the EV (electric vehicle) power electronics system. As people become more aware of environmental pollution and the need to improve vehicle efficiency, hybrid and electric vehicles are becoming more popular and contributing to growth in demand for discrete semiconductors. For instance, according to the International Energy Agency (IEA), a French-based autonomous intergovernmental organization, 6.6 million plug-in vehicles were sold in 2021, more than double the 3 million sold in 2020, and more than triple the 2.2 million sold in 2019. Therefore, the rapid growth in the automotive industry and the rise in the demand for MOSFETs and IGBTs in electronics and automobiles are expected to propel the growth of the discrete semiconductors market.

Competitive Landscape -
Major companies operating in the discrete semiconductors market include Infineon Technologies AG, Semiconductor Components Industries LLC, Toshiba Electronic Devices & Storage Corporation, NXP Semiconductors NV, Eaton Corporation PLC., STMicroelectronics NV, Mitsubishi Electric Corp., Fuji Electric Corp., Renesas Electronics Corporation, ROHM Co. Ltd., Cree Inc., Littelfuse Inc., United Silicon Carbide Inc., Nexperia BV, Diodes Incorporated, Vishay Intertechnology Inc., Hitachi Ltd., Texas Instruments, Intel Corporation, Samsung Electronics, Nvidia Inc., AMI Semiconductor, Advanced Semiconductor Engineering SA, Dynex Semiconductor Ltd., Elkem ASA, Anshi Semiconductor, Microchip Technology, Qorvo Inc., Semtech Corporation, IXYS Corporation, Fairchild Semiconductor, Central Semiconductor Corp., Semikron International GmbH, Sanken Electric Co. Ltd., Nihon Inter Electronics Corporation, Taiwan Semiconductor Manufacturing Company Ltd.

Technological Advancements Drive Innovation In The Discrete Semiconductors Market
Technological advancement is a key trend gaining popularity in the discrete semiconductors market. Companies are focusing on developing technologically advanced solutions such as galvanized isolated gate drivers, high voltage protection capabilities, and others to expand their presence globally and enhance their market positions. For instance, in March 2021, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the 650 V CoolSiC Hybrid Discrete for automotive applications. It is a technologically advanced discrete which contains a CoolSiC Schottky diode and a 50 A TRENCHSTOP 5 fast-switching IGBT to enable a cost-efficient performance boost and high reliability. The combination provides a cost-performance trade-off for sustaining high system integrity and hard-switching topologies in addition to bi-directional charging. These features make it suitable for fast switching automotive applications such as power factor correction (PFC), onboard chargers (OBC), DC-DC, and DC-AC converters.

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Key Segments -

The discrete semiconductors market covered in this report is segmented -

1) By Type: MOSFET, IGBT, Bipolar Transistor, Thyristor, Rectifier, Other Types
2) By Component: Memory Devices, Logic Devices, Discrete Power Devices, Other Components
3) By Industry: Consumer Electronics, Communication, Automotive, Industrial, Other Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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