Discrete Semiconductor market size $42.9B in 2020 and $45.43B in 2021
Market researcher Fortune Business Insights estimates the global discrete semiconductor market size is to reach USD 78.33 billion by 2028 with a CAGR growth of 8.1% during the forecast period. The main reasons of growth include increasing adoption of electric and automated vehicles and the expanding consumer electronics industry. The researcher estimate the market size stood at USD 42.97 billion in 2020 and USD 45.43 billion in 2021.
Key players analyzed by this research includes:
NXP Semiconductors (Netherlands)
Infineon Technologies AG (Germany)
Semiconductor Components Industries, LLC (U.S.)
TOSHIBA ELCTRONIC DEVICES & STORAGE CORPRATION (Japan)
Vishay Intertechnology Inc. (U.S.)
Taiwan Semiconductor (Taiwan)
Renesas Electronics Corporation (Japan)
StarPower Semiconductor Ltd. (China)
Diodes Incorporated (U.S.)
GeneSiC Semiconductor Inc. (U.S.)
WeEn Semiconductors (China)
ROHM CO. LTD. (Japan)
Texas Instruments Incorporated (U.S.)
Further trends shared includes:
The automotive industry is continuously expanding and evolving. The demand for electric and automated vehicles is surging with the government-provided subsidies and the exemplary benefits they offer. The rising electrification of vehicles to improve passenger and road safety is boosting the demand for discrete semiconductors. Hence, the increasing demand for discrete semiconductors by the automotive industry is expected to bolster the discrete semiconductor market growth.
Discrete semiconductors are highly utilized in consumer electronics. The low-cost availability and favorable incentives are bolstering the demand for consumer electronics, thereby boosting the market growth for discrete semiconductors. Moreover, the major market players are heavily investing in research and development activities to deliver avant-garde consumer electronics. These factors are also anticipated to boost market growth.
However, design complexity and continuously rising prices may restrain the market growth.
Asia Pacific is anticipated to dominate the global discrete semiconductor market share. The key players present across South Korea, India, China, and other countries are expected to significantly influence market growth. Moreover, the rising popularity of wearable and portable devices and the expanding automotive industry is likely to boost the regionís market growth.
India is anticipated to register the highest CAGR in the region.
North America is projected to exhibit exponential growth in the global market. The industrial and automotive industries are the region's highest consumers of discrete semiconductors.
Europe is expected to experience substantial growth due to the well-established electronics industry. Companies' rising investments in ingenious technologies to deliver advanced products are expected to bolster the market growth.
South America and the Middle East & Africa are expected to witness moderate growth. The rising smartphone consumption and improving income levels are expected to boost the regionís market growth.
The key market players emphasize developing and delivering avant-garde discrete semiconductor devices to suffice the ever-increasing demands from electronics, automotive, and other end-use industries. They also emphasize expansions by establishing new facilities, mergers, acquisitions, collaborations, and others. For instance, Toshiba Electronic Devices & Storage Corporation integrated two subsidiaries in March 2019. The company consolidated two companies to fortify its solution offerings in semiconductor businessí research and development.