Press release
Soaring Growth in Discrete Semiconductors Market: Projected to Reach $71.94 Billion by 2029
"Revolutionizing the semiconductor industry, the global discrete semiconductors market is projected for accelerated growth driven by advancements in aerospace, space exploration, and green technologies.
What Is The Projected Market Size Of The Global Discrete Semiconductors Market And Its Growth Rate?
• $39.9 billion in 2024
• Projected growth to $44.67 billion in 2025 with a CAGR of 12.0%
• Expected to rapidly accelerate to $71.94 billion in 2029 with a CAGR of 12.7%
The notable growth can be attributed to robust developments in the fields of electronics, consumer electronics, automotive electronics, energy efficiency, defense, aerospace and quantum computing.
What Is Driving The Growth In The Discrete Semiconductors Market?
The ascension of the discrete semiconductors market is significantly fueled by the swift expansion in the automotive industry and the increasing demand for MOSFETs and IGBTs in electronics and automobiles. As eco-awareness rises, the popularity of hybrid and electric vehicles spikes, stimulating growth in the demand for discrete semiconductors. In 2022, the global production of motor vehicles reportedly reached 85.4 million units, marking a considerable 5.7% increase compared to 2021.
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Who Are the Key Players Driving Discrete Semiconductors Market Growth?
• Texas Instruments
• ON Semiconductor
• STMicroelectronics
• Infineon Technologies
• NXP Semiconductors
• Analog Devices
• Microchip Technology
• Vishay Intertechnology
• Renesas Electronics
• Toshiba
• Fairchild Semiconductor
• Maxim Integrated
• Littelfuse
• ROHM Semiconductor
• Skyworks Solutions
• Semtech
• Diodes Incorporated
• Wolfspeed
• Cree
• Power Integrations
• AVAGO Technologies
• Broadcom
• TSMC
• Qorvo
• IXYS Corporation
• Kemet
• United Microelectronics Corporation (UMC)
• Samsung Semiconductor
What Are The Key Trends In The Discrete Semiconductors Market?
• Industrial automation and IoT
• Technological advancements
• Increased R&D investments
• Edge computing and edge devices
• Medical electronics and healthcare technologies
What Are The Segments Of The Global Discrete Semiconductors Market?
• By Type: MOSFET, IGBT, Bipolar Transistor, Thyristor, Rectifier, Other Types
• By Component: Memory Devices, Logic Devices, Discrete Power Devices, Other Components
• By Industry: Consumer Electronics, Communication, Automotive, Industrial, Other Industries
Which Region Leads The Discrete Semiconductors Market?
As of 2024, Asia-Pacific leads the discrete semiconductors market and is poised to maintain this position with the fastest growth rate through the forecast period. The coverage of the market extends to Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Discrete Semiconductors Market Global Market Report?
- Market Size Analysis: Analyze the Discrete Semiconductors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Discrete Semiconductors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Discrete Semiconductors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Discrete Semiconductors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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