Date: 13/04/2022

Discrete semiconductor market: global and India's forecast

Fortune Business Insight has forecasted the global discrete semiconductor market to reach USD 78.33 Billion by 2028, growing at a CAGR of 8.1% from USD 42.97 billion in 2020 and USD 45.43 billion in 2021.

Automotive industry is fast-growing area for this market. Asia Pacific is anticipated to dominate the global discrete semiconductor market share.

Market researcher P&S Intelligence finds Indian discrete power semiconductor devices market was $1,007.7 million 2021 is forecasted to reach $2,834.2 million by 2030, at a healthy 12.2% CAGR between 2021 and 2030.

Growth in development of electric car, bike and other vehicles is driving the market.