Global Power Discrete Device Market growing at a CAGR of 6.3% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
The Global Power Discrete Device Market was valued at USD 22,801.43 Million in 2022 and is expected to register a compound annual growth rate of 6.3% to reach USD 36,374.57 Million in 2030.
The report highlights the increasing adoption of power discrete devices in automotive, consumer electronics, IT & telecommunication, aerospace, and other industries. Consegic Business Intelligence provides an inclusive research report on the power discrete device market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Power Discrete Device Market By Overview
The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of transistors in automotive, consumer electronics, aerospace & defence, and other related industries. Moreover, the deployment of diodes in automotive, telecommunication, and aerospace industries among others is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of power discrete devices in automotive sector is driving the market growth.
- Increasing adoption of power discrete devices in consumer electronics is spurring the market growth.
Restraints:
- High cost of raw materials is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Transistor, Diode, Thyristor, Others |
| By End-User | Automotive, IT & Telecommunication, Consumer Electronics, Aerospace & Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global power discrete device market is highly competitive due to the presence of major players such as Infineon Technologies AG, Toshiba Electronic Devices & Storage Corporation, STMicroelectronics, Mitsubishi Electric Corp, Fuji Electric Co. Ltd., and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in power discrete device market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Infineon Technologies AG
- Toshiba Electronic Devices & Storage Corporation
- STMicroelectronics
- Mitsubishi Electric Corp
- Vishay Intertechnology Inc.
- Fuji Electric Co. Ltd.
- Renesas Electronics Corporation
- ROHM Co. Ltd.
- Nexperia
- Microchip Technology Inc.
