Global Discrete Semiconductor Market Report 2022: High Growth in Electric Vehicles and Electrification Drives Discrete Semiconductor Sales

DUBLIN, January 22, 2023 /PRNewswire/ — The report “Global Discrete Semiconductor Market Size, Segments, Outlook and Revenue Forecast 2022-2028 by Types, Components by Applications and Regions” has been added; ResearchAndMarkets.com suggestion.

The global Discrete Semiconductor market is estimated to have grown to a size of approx 35 billion USD around 2022 25 billion USD The market is expected to grow another size 55 billion USD by 2028 at a CAGR of around 7% for the forecast period 2022-2028.

Unlike an integrated circuit, discrete semiconductors are expected to perform a unique electronic function. Typically, discrete semiconductors are used to build circuits that can withstand significant voltage loads or current stress. They also help carry out basic circuit functions. Rather than being built on a single semiconductor base with other components, discrete semiconductors have circuits built from unique semiconductor units connected on a circuit board or terminal strips.

The growth of the automotive market, especially in the electric vehicle segment, is seen as one of the major reasons for the growth in demand for discrete semiconductors. According to reports published by the International Energy Agency (IEA), consumers around the world spent almost 250 billion USD On procurement of electric vehicles in 2021. The rise in sales of electric vehicles has led to a sharp increase in end-use investment in electrification, which accounted for more than 65% of total end-use investment in transportation in 2021 and is estimated to cross. 74% in 2022

Such high levels of growth in electric vehicles and electrification have led to increased sales of discrete semiconductors, which support the development of autonomous vehicle technology, regenerative braking systems, sensors and cameras, and advanced driver assistance systems (ADAS). Discrete semiconductors also have proven performance for components that contribute to extreme voltage and environmental conditions.

The story continues

Increasing demand for efficient electronic devices is also fueling the growth of the discrete semiconductor market. According to the IEA report, buildings are responsible for about a third of the world’s final energy consumption. The IEA also projects an annual increase in household energy demand of 0.8% between 2016 and 2040.

Such an increase in energy consumption requires efficient energy management systems at the individual/household consumption level. Examples of such smart devices are voice-controlled speakers, sensor-based wearable activity trackers, doorbells, or self-driving cars. The power management systems required to operate such smart and efficient devices require discrete semiconductors as switching devices and rectifiers that can transform electrical signals or change the voltage or frequency of electrical current as and when required.

Despite consistent growth in overall market size, discrete semiconductors still account for less than one-fifth of the global semiconductor market. According to figures published by industry publication IC insights February 2022Combined sales of optoelectronics, sensors/actuators and discretes (OSD) accounted for only 17% of the total global semiconductor market in 2021. Integrated circuits have several advantages over discrete semiconductors. For example, the physical size of ICs is significantly lower than the size of a discrete circuit. As a result, the IC also weighs less and consumes less power.

In the early days of the Covid pandemic, the semiconductor market, like many other industries, suffered from supply chain disruptions, frequent lockdowns, government restrictions on transportation, unavailability of raw materials and labor, etc. However, the market began to stabilize in the second. Mid-2020 and sales began to beat expectations for a global economic recovery in 2021, showing signs of health from shortages, tight supplies and higher prices.

Competitive landscape

The global discrete semiconductor market has about 100 players, including globally diversified players, regional players, and country-specific players with expertise in addressing specific technology needs related to one or more specific sub-segments.

Major global players account for about 25% of the market by number of competitors, while regional players represent the largest number of competitors.

Latest developments related to key players

In Mid December 2021STMicroelectronics introduced a family of GaN power semiconductors under its STPOWER portfolio. This newly launched product family can significantly reduce power consumption and facilitate slimmer designs for a variety of end-use electronics products such as chargers, external PC power adapters, LED lighting devices and power supplies. used inside televisions and other home appliances.

In August 2022Toshiba has introduced its 3rd generation silicon carbide (SiC) MOSFETs, which can provide low on-resistance and reduce turn-off loss. Toshiba plans to create more such products in the future as part of its commitment to help realize a carbon-free economy with high-efficiency energy devices.

In April 2022Nexperia has added to its existing line of discrete components that come in lead-free DFN packages with side-wetting edges. With their space-saving features and flexibility, the company expects these components to help meet the demands of next-generation smart and electric vehicles.

Conclusion

The global discrete semiconductor market is expected to grow at a steady rate of ~7% over the next 6 years and reach revenue ~ USD 55 billion by 2028 due to its application in consumer electronics and automotive markets.

While demand for high-power, low-power devices will drive growth in the consumer electronics segment of the market, increasing demands for vehicle electrification and automation will drive demand in the automotive category.

Use in the medical industry, construction, and the lighting industry in general will also contribute to the growing demand for discrete semiconductors. There are about 100 competitors, but regional players make up the largest number of them.

Key topics covered in the report

• Global Discrete Semiconductor Market Snapshot

• Industry Value Chain and Ecosystem Analysis

• Market Size and Segmentation of the Global Discrete Semiconductor Market

• Historical growth of overall global discrete semiconductor market and segments

• Market competition scenario and key competitor developments

• Porter’s 5 Forces Analysis of the Global Discrete Semiconductor Industry

• Overview, product offerings and SWOT analysis of key competitors

• Impact of Covid-19 on the overall global discrete semiconductor market

• Future market forecast and growth rate of overall global discrete semiconductor market and by segment

• Size of market application/end-user segments with historical CAGR and future projections

• Global Discrete Semiconductor Market Analysis

• Major production/consumption centers for each region

• Key nodes of production/supply and consumption/demand in each region

• Historical and future market growth rates for the total market and segments for the country

• An overview of prominent emerging competitor companies in each region

Main players:

• ABB Limited

• ON Semiconductor

• Infineon Technologies

• STMicroelectronics NV

• Toshiba Corporation

• NXP Semiconductors

• Diodes included

• Nexperia

• D3 semiconductor

• Eaton Corporation

• Hitachi Ltd

• Mitsubishi Electric Corporation

• Fuji Electric Corporation

• Taiwan Semiconductor Manufacturing Company Ltd

• Vishay Intertechnology Inc

Scope of the report

Period covered by the report

By type

• Diodes

• Transistors

• Thyristor

• Modules

• The others

By ingredients

• Memory devices

• Logic devices

• Discrete power devices

• The others

By application

By region

• North America

• USA

• Canada

• Mexico

• Europe

• Germany

• Great Britain

• France

• Spain

• Italy

• Rest Europe

• Asia-Pacific

• China

• Japan

• South Korea

• India

• Indonesia

• Australia

• Rest Asia Pacific

• LAMEA

• Latin America

• Middle East

• Africa

For more information on this report, visit https://www.researchandmarkets.com/r/85zzol

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