Discrete Semiconductor Market (Updated Version Available)
Discrete Semiconductor Market Size, Share & Trends Analysis, By Type (Transistor, Thyristor, Diode, Rectifier, and Others), By End User (Automotive, Aerospace & Defense, IT & Telecommunication, Consumer Electronics, and Others), By Region, Forecast Period-2023 - 2030.
Report ID : RI_673904 | Date : July 2023 |
Format : 
Key Market Overview:
The Discrete Semiconductor Market was valued at USD 44,164.10 Million in 2022, registering a CAGR of 4.1% during the forecast period (2023-2030), and the market is projected to be worth USD 60,760.32 Million by 2030.
A discrete semiconductor is a single semiconductor device that is designed to perform an elementary electronic function. Discrete semiconductors offer a range of benefits including low voltage operation, high power density, shock resistance, improved efficiency, high reliability, flexibility in operations, and others. The aforementioned benefits of discrete semiconductors are major aspects for increasing its deployment in automotive, aerospace & defense, IT & telecommunication, consumer electronics, and other industries.
Factors including the rising investments in automotive manufacturing facilities, increasing automobile production, and growing trend for adoption of electric vehicles are among the key prospects driving the adoption of discrete semiconductors. Additionally, the increasing application of discrete semiconductors in consumer electronics and telecommunication sectors are significant factors driving the market growth.
In May 2023, Nexperia launched a new power GaN (gallium nitride) field effect transistor that is designed for utilization in low and high-voltage applications. The GaN transistor provides high power efficiency and compact solution size in multiple power conversion applications. Therefore, the rising development of discrete semiconductors for utilization in industrial applications is further driving the growth of the market.
Discrete Semiconductor Report Coverage:
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Market Dynamics:
Driver:
Rising utilization of discrete semiconductor in automotive sector is driving the market growth
Discrete semiconductors are utilized in the automotive sector, particularly in electronics systems. Discrete semiconductors are used in several components of automobiles including motor drives, hybrid and electric converters, driver assist (ADAS) and autonomous navigation systems, infotainment systems, and other related components. The features of discrete semiconductors including high power density, improved power conversion efficiency, low thermal dissipation, and flexible operations are increasing its utilization in the automotive sector.
Factors including rising automotive production, increasing investments in automobile manufacturing facilities, advancement in autonomous driving, and growing adoption of electric vehicles are among the key prospects driving the growth of the automotive sector.
For instance, according to the International Organization of Motor Vehicle Manufacturers, the overall production of passenger cars across the world reached 61.59 million in 2022, representing an increase of around 8% as compared to 57.05 million in 2021. Hence, the rise in automobile production is driving the adoption of discrete semiconductors for aforementioned applications, in turn driving the growth of the market.
Restraint:
High cost of raw materials is restraining the market growth
The key raw materials used in the production of discrete semiconductors include gallium nitride, silicon carbide, and others. The aforementioned raw materials are associated with high costs, which is a primary factor limiting the market growth.
For instance, according to Henan Superior Abrasives Import & Export Co. Ltd, the average cost of silicon carbide typically ranges from USD 1,400 to USD 3,300 per ton. Additionally, according to Otto Chemie Pvt. Ltd., the average cost of gallium nitride with 99.99% assay is around USD 2,522 for 50 grams, which is relatively very high. Hence, the high costs of raw materials used in the manufacturing of discrete semiconductors are restraining the growth of the market.
Discrete Semiconductor Market Segmentation:
By Type
The type segment is divided into transistor, thyristor, diode, rectifier, and others.
The transistor segment contributed to the largest revenue share in 2022. Transistors refer to three-terminal semiconductor devices that are primarily used as switches or amplifiers and designed for controlling high voltage and current ratings. Moreover, transistors offer a range of benefits including faster-switching speeds, high breakdown tolerance, high electron mobility, enhanced thermal conductivity, and others. The aforementioned benefits of transistors are driving their utilization in aerospace, automotive, telecommunication, and other industrial applications that require high-frequency and high-efficiency solutions.
In September 2022, Gallium Semiconductor introduced a new series of GaN transistors that is designed for utilization in aerospace, 5G infrastructure, medical, and other industrial applications. Therefore, rising innovation associated with transistors is contributing to the growth of the segment.
Further, factors including rising automobile production and expansion of 5G networks are among the key determinants driving the growth of the transistor segment.
Additionally, the diode segment is expected to grow steadily during the forecast period. Diodes refer to crystalline semiconductor devices that are mainly composed of silicon and utilized in power electronics circuits to convert alternating current to direct current. The ability of diodes to protect electrical circuits from damage caused by short circuits, overvoltage, and overcurrent is increasing its utilization in multiple industries including IT & telecommunication, automotive, and others.
In May 2023, Littelfuse Inc. launched its new series of TVS diodes that provide high power and are optimized for addressing the rising demand for TVS diodes compatible with automated PCB assembly process. Therefore, the rising development of discrete semiconductors including diodes is driving the growth of the segment.
Furthermore, factors including the growing trend towards adoption of electric vehicles and rising investments in deployment of 5G stations are anticipated to boost the growth of the diode segment during the forecast period.
By End User
The end user segment is divided into automotive, aerospace & defense, IT & telecommunication, consumer electronics, and others.
Consumer electronics segment accounted for a substantial share in the discrete semiconductor market in 2022. Discrete semiconductors are utilized in the consumer electronics industry for application in smartphones, laptops, tablets, television, and other consumer devices. The characteristics of discrete semiconductors including enhanced energy efficiency, high power density, and faster speeds are increasing its adoption in the consumer electronics sector.
Factors including growing penetration of smartphones, laptops, and other consumer devices, advancements in consumer electronics including (Artificial Intelligence) and IoT (Internet of Things), and rising demand for energy-efficient devices are fostering the growth of the consumer electronics segment.
According to Japan Electronics and Information Technology, the overall production from the Japanese electronics industry was valued at USD 95.2 billion in 2021, depicting a growth of approximately 10% as compared to 2020. Therefore, the growth of consumer electronics sector is driving the application of discrete semiconductors in smartphones, laptops, and other consumer devices, in turn propelling the growth of the segment.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to an increase in automobile production and the growing trend toward investments in the electric vehicle sector in the region, which is further fueling the demand for discrete semiconductors. Moreover, North America has been a prime hub for companies related to autonomous vehicle manufacturing. The rising application of discrete semiconductors in multiple automobile components including driver assist and autonomous navigation systems, hybrid and electric converters, motor drives, and infotainment systems has been a prevalent factor for market growth in the region.
For instance, according to the International Organization of Motor Vehicle Manufacturers, the total automobile production in North America reached 14.79 million in 2022, witnessing a growth of nearly 10% from 13.46 million in 2021. The above factors are stimulating the growth of the market in North America. Further, the rising investments in IT & telecommunication and consumer electronics sectors are significant factors that are projected to drive the market growth in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the growth of several industries such as consumer electronics, automotive, IT & telecommunication, and others are fostering the market growth for discrete semiconductors in the Asia-Pacific region.
For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is anticipated to grow at a substantial rate to reach USD 21.18 billion by 2025. Hence, the growing consumer electronics sector is driving the deployment of discrete semiconductors for application in electronic circuits of laptops, smartphones, and consumer appliances, thereby boosting the market growth in the Asia-Pacific region.
Discrete Semiconductor Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Discrete Semiconductor Market. Key players in the market include-
• Infineon Technologies AG
• STMicroelectronics
• ABB
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
• Mitsubishi Electric Corp
• Fuji Electric Co. Ltd.
• Vishay Intertechnology Inc.
• Renesas Electronics Corporation
• Nexperia
• ROHM CO., LTD
• Microchip Technology Inc.
Recent Developments
• In November 2021, Fuji Electric Co., Ltd. launched its new discrete SiC-SBD series of power semiconductors. Discrete semiconductors are optimized to contribute to energy saving in communication base stations and data centers.
The Discrete Semiconductor Market was valued at USD 44,164.10 Million in 2022, registering a CAGR of 4.1% during the forecast period (2023-2030), and the market is projected to be worth USD 60,760.32 Million by 2030.
A discrete semiconductor is a single semiconductor device that is designed to perform an elementary electronic function. Discrete semiconductors offer a range of benefits including low voltage operation, high power density, shock resistance, improved efficiency, high reliability, flexibility in operations, and others. The aforementioned benefits of discrete semiconductors are major aspects for increasing its deployment in automotive, aerospace & defense, IT & telecommunication, consumer electronics, and other industries.
Factors including the rising investments in automotive manufacturing facilities, increasing automobile production, and growing trend for adoption of electric vehicles are among the key prospects driving the adoption of discrete semiconductors. Additionally, the increasing application of discrete semiconductors in consumer electronics and telecommunication sectors are significant factors driving the market growth.
In May 2023, Nexperia launched a new power GaN (gallium nitride) field effect transistor that is designed for utilization in low and high-voltage applications. The GaN transistor provides high power efficiency and compact solution size in multiple power conversion applications. Therefore, the rising development of discrete semiconductors for utilization in industrial applications is further driving the growth of the market.
Discrete Semiconductor Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 60,760.32 million |
| CAGR (2023-2030) | 4.1% |
| Base Year | 2022 |
| By Type | Transistor, Thyristor, Diode, Rectifier, and Others |
| By End User | Automotive, Aerospace & Defense, IT & Telecommunication, Consumer Electronics, and Others |
| By Geography |
|
| Key Players | Infineon Technologies AG, STMicroelectronics, ABB, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Mitsubishi Electric Corp, Fuji Electric Co. Ltd., Vishay Intertechnology Inc., Renesas Electronics Corporation, Nexperia, ROHM CO., LTD, and Microchip Technology Inc. |
Market Dynamics:
Driver:
Rising utilization of discrete semiconductor in automotive sector is driving the market growth
Discrete semiconductors are utilized in the automotive sector, particularly in electronics systems. Discrete semiconductors are used in several components of automobiles including motor drives, hybrid and electric converters, driver assist (ADAS) and autonomous navigation systems, infotainment systems, and other related components. The features of discrete semiconductors including high power density, improved power conversion efficiency, low thermal dissipation, and flexible operations are increasing its utilization in the automotive sector.
Factors including rising automotive production, increasing investments in automobile manufacturing facilities, advancement in autonomous driving, and growing adoption of electric vehicles are among the key prospects driving the growth of the automotive sector.
For instance, according to the International Organization of Motor Vehicle Manufacturers, the overall production of passenger cars across the world reached 61.59 million in 2022, representing an increase of around 8% as compared to 57.05 million in 2021. Hence, the rise in automobile production is driving the adoption of discrete semiconductors for aforementioned applications, in turn driving the growth of the market.
Restraint:
High cost of raw materials is restraining the market growth
The key raw materials used in the production of discrete semiconductors include gallium nitride, silicon carbide, and others. The aforementioned raw materials are associated with high costs, which is a primary factor limiting the market growth.
For instance, according to Henan Superior Abrasives Import & Export Co. Ltd, the average cost of silicon carbide typically ranges from USD 1,400 to USD 3,300 per ton. Additionally, according to Otto Chemie Pvt. Ltd., the average cost of gallium nitride with 99.99% assay is around USD 2,522 for 50 grams, which is relatively very high. Hence, the high costs of raw materials used in the manufacturing of discrete semiconductors are restraining the growth of the market.
Discrete Semiconductor Market Segmentation:
By Type
The type segment is divided into transistor, thyristor, diode, rectifier, and others.
The transistor segment contributed to the largest revenue share in 2022. Transistors refer to three-terminal semiconductor devices that are primarily used as switches or amplifiers and designed for controlling high voltage and current ratings. Moreover, transistors offer a range of benefits including faster-switching speeds, high breakdown tolerance, high electron mobility, enhanced thermal conductivity, and others. The aforementioned benefits of transistors are driving their utilization in aerospace, automotive, telecommunication, and other industrial applications that require high-frequency and high-efficiency solutions.
In September 2022, Gallium Semiconductor introduced a new series of GaN transistors that is designed for utilization in aerospace, 5G infrastructure, medical, and other industrial applications. Therefore, rising innovation associated with transistors is contributing to the growth of the segment.
Further, factors including rising automobile production and expansion of 5G networks are among the key determinants driving the growth of the transistor segment.
Additionally, the diode segment is expected to grow steadily during the forecast period. Diodes refer to crystalline semiconductor devices that are mainly composed of silicon and utilized in power electronics circuits to convert alternating current to direct current. The ability of diodes to protect electrical circuits from damage caused by short circuits, overvoltage, and overcurrent is increasing its utilization in multiple industries including IT & telecommunication, automotive, and others.
In May 2023, Littelfuse Inc. launched its new series of TVS diodes that provide high power and are optimized for addressing the rising demand for TVS diodes compatible with automated PCB assembly process. Therefore, the rising development of discrete semiconductors including diodes is driving the growth of the segment.
Furthermore, factors including the growing trend towards adoption of electric vehicles and rising investments in deployment of 5G stations are anticipated to boost the growth of the diode segment during the forecast period.
By End User
The end user segment is divided into automotive, aerospace & defense, IT & telecommunication, consumer electronics, and others.
Consumer electronics segment accounted for a substantial share in the discrete semiconductor market in 2022. Discrete semiconductors are utilized in the consumer electronics industry for application in smartphones, laptops, tablets, television, and other consumer devices. The characteristics of discrete semiconductors including enhanced energy efficiency, high power density, and faster speeds are increasing its adoption in the consumer electronics sector.
Factors including growing penetration of smartphones, laptops, and other consumer devices, advancements in consumer electronics including (Artificial Intelligence) and IoT (Internet of Things), and rising demand for energy-efficient devices are fostering the growth of the consumer electronics segment.
According to Japan Electronics and Information Technology, the overall production from the Japanese electronics industry was valued at USD 95.2 billion in 2021, depicting a growth of approximately 10% as compared to 2020. Therefore, the growth of consumer electronics sector is driving the application of discrete semiconductors in smartphones, laptops, and other consumer devices, in turn propelling the growth of the segment.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to an increase in automobile production and the growing trend toward investments in the electric vehicle sector in the region, which is further fueling the demand for discrete semiconductors. Moreover, North America has been a prime hub for companies related to autonomous vehicle manufacturing. The rising application of discrete semiconductors in multiple automobile components including driver assist and autonomous navigation systems, hybrid and electric converters, motor drives, and infotainment systems has been a prevalent factor for market growth in the region.
For instance, according to the International Organization of Motor Vehicle Manufacturers, the total automobile production in North America reached 14.79 million in 2022, witnessing a growth of nearly 10% from 13.46 million in 2021. The above factors are stimulating the growth of the market in North America. Further, the rising investments in IT & telecommunication and consumer electronics sectors are significant factors that are projected to drive the market growth in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the growth of several industries such as consumer electronics, automotive, IT & telecommunication, and others are fostering the market growth for discrete semiconductors in the Asia-Pacific region.
For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is anticipated to grow at a substantial rate to reach USD 21.18 billion by 2025. Hence, the growing consumer electronics sector is driving the deployment of discrete semiconductors for application in electronic circuits of laptops, smartphones, and consumer appliances, thereby boosting the market growth in the Asia-Pacific region.
Discrete Semiconductor Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Discrete Semiconductor Market. Key players in the market include-
• Infineon Technologies AG
• STMicroelectronics
• ABB
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
• Mitsubishi Electric Corp
• Fuji Electric Co. Ltd.
• Vishay Intertechnology Inc.
• Renesas Electronics Corporation
• Nexperia
• ROHM CO., LTD
• Microchip Technology Inc.
Recent Developments
• In November 2021, Fuji Electric Co., Ltd. launched its new discrete SiC-SBD series of power semiconductors. Discrete semiconductors are optimized to contribute to energy saving in communication base stations and data centers.
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