Discrete Semiconductors Market Size is Projected to Reach US$ 37.9 Billion by 2028

Industry Overview of Discrete Semiconductors Market
Discrete semiconductors are individual electronic components designed to perform specific functions in electronic devices. They offer the combined functionality of multiple devices in a single configuration. Examples of discrete semiconductors include rectifiers, insulated-gate bipolar transistors (IGBTs), bipolar transistors, metal-oxide-semiconductor field-effect transistors (MOSFETs), and thyristors. These semiconductors are widely used in various applications, such as computers, smartphones, hybrid cars, LED lights, tablets, and portable medical electronics. They enable power conversion, voltage regulation, and other modest electronic functions. Discrete semiconductors provide several advantages, including portability, ease of replacement, reliability, high operating speed, and low power consumption. As a result, they have extensive applications in industries like automotive, consumer electronics, and telecommunications worldwide.

How Big Is the Discrete Semiconductors Market?
The global discrete semiconductor market size reached US$ 27.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

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Global Industry Trends and Drivers:
The global discrete semiconductor market is primarily driven by rapid growth in the automotive industry. Moreover, the rising use of discrete semiconductors to manufacture various consumer electronics, such as refrigerators, tablets, computers, ovens, and portable electronics, has augmented product demand. Additionally, discrete semiconductors are commonly used in vehicles with mobile independent directing guides, heads-up displays, and phone integration. In line with this, the rising adoption of hybrid electric vehicles (HEV), autonomous car technology, electric vehicles (EVs), and regenerative braking systems is propelling market growth. Furthermore, numerous product innovations, including silicon-carbide (SiC) MOSFETs, that improve power devices for EV powertrains and enhance power density, energy efficiency, and reliability, are contributing to the market growth. Other factors, including ongoing research and development (R&D) activities, rising demand for high-energy and power-efficient devices, and the launch of wireless and portable electronic products, are anticipated to create a positive market outlook in the coming years.

Discrete Semiconductors Market Growth and Opportunities:
The discrete semiconductors market is experiencing steady growth and presenting lucrative opportunities. Discrete semiconductors, including diodes, transistors, and rectifiers, are vital components in electronic devices and power management systems. The market growth is fueled by factors such as the increasing demand for energy-efficient solutions, the rising adoption of electric vehicles, the proliferation of smartphones and other consumer electronics, and the growing trend of automation and IoT applications. Discrete semiconductors are essential for various industries, including automotive, telecommunications, industrial, and consumer electronics. Additionally, advancements in technology, such as the development of smaller, faster, and more efficient discrete semiconductors, contribute to market expansion. Moreover, the rising focus on renewable energy sources and the need for power management solutions in green initiatives create further growth prospects for the discrete semiconductors market. In summary, the discrete semiconductors market is poised for growth, driven by increasing demand from multiple industries and advancements in semiconductor technology.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
• Diodes
o General-Purpose Rectifiers
o High-Speed Rectifiers
o Switching Diodes
o Zener Diodes
o ESD Protection Diodes
o Variable-Capacitance Diodes
• Transistors
o MOSFET
o IGBT
o Bipolar Transistor
• Thyristor
• Modules

Breakup by End User:
• Automotive
• Consumer Electronics
• Communication
• Industrial
• Others

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

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The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Diodes Incorporated, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Nexperia (Wingtech Technology), NXP Semiconductors N.V., On Semiconductor Corporation, Qorvo, STMicroelectronics, Taiwan Semiconductor Manufacturing Company Limited and Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation).

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