Discrete Semiconductor Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 33.30 Billion |
| Market Size (2029) | USD 45.95 Billion |
| CAGR (2024 - 2029) | 6.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Discrete Semiconductor Market Analysis
The Discrete Semiconductor Market size is estimated at USD 33.30 billion in 2024, and is expected to reach USD 45.95 billion by 2029, growing at a CAGR of 6.65% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 406.91 billion units in 2024 to 519.11 billion units by 2029, at a CAGR of 4.99% during the forecast period (2024-2029).
- As new applications emerge and existing technologies evolve, the demand for more advanced and efficient semiconductors increases. Advancements such as miniaturization, increased power efficiency, and improved performance open new possibilities for integrating semiconductors into various devices and systems. Innovations in areas like the Internet of Things (IoT), artificial intelligence (AI), and autonomous vehicles drive the demand for discrete semiconductors.
- Additionally, the rising demand for high-energy and power-efficient devices in the automotive and electronics segment and the increasing demand for green energy power generation drive the market.
- Furthermore, the global consumer electronics market continues to experience rapid growth, fueled by factors such as rising disposable incomes, changing lifestyles, and technological advancements. Consumer electronics, including smartphones, tablets, wearables, and home appliances, heavily rely on discrete semiconductors. The increasing demand for these devices translates into a higher demand for discrete semiconductors, driving the market’s growth.
- However, the market faces several restraints that impact its growth and development. The increasing competition from integrated circuits (ICs) is a significant challenge for the market's growth. ICs offer a compact and cost-effective solution, which led to a decline in the demand for discrete semiconductors. This shift in the market preference poses a significant challenge for the discrete semiconductors industry.
- Continuous Russia-Ukraine conflict, as well as China's "Zero Tolerance Policy," has led to a significant increase in global inflation, impacting multiple sectors, including the electronic components industry, leading to climbing prices of logic, linear, discrete, advanced analog, and passive component, thus negatively impacting the growth of the market studied.
Discrete Semiconductor Market Trends
Automotive Segment Is Expected to Witness Major Growth
- Discrete semiconductors, such as diodes and transistors, are utilized in these systems to manage power flow and minimize energy losses efficiently. The demand for discrete semiconductors in the automotive industry is thus driven by the growing emphasis on vehicle electrification.
- Autonomous driving and ADAS technologies are revolutionizing the automotive industry, requiring sophisticated electronics and discrete semiconductors to enable real-time data processing, sensor fusion, and vehicle control. These systems heavily rely on high energy and power-efficient devices to ensure precise and reliable operation.
- Discrete semiconductors are crucial in enabling autonomous driving functions like adaptive cruise control, lane-keeping assist, and collision avoidance. The surge in demand for autonomous driving and ADAS technologies has consequently driven the need for high-energy and power-efficient devices in the automotive industry.
- Furthermore, with the transition to EVs, the number of car companies building SiC-based inverter prototypes has rapidly increased in the past few years. In the sector, the primary applications for SiC power MOSFETs, diodes, and modules are onboard electric vehicle (EV) chargers, DC/DC converters, and drivetrain inverters. Plug-in hybrid EVs and BEVs use onboard chargers to refuel the vehicle battery either at home or at a public charging station.
- Moreover, the global automotive industry is undergoing a significant transformation, as highlighted by the IEA, with potentially far-reaching implications for the energy sector. According to projections, the rise of electrification is anticipated to result in a daily elimination of the need for 5 million barrels of oil by 2030.
China is Expected to Lead the Market
- The discrete semiconductor market in China is experiencing substantial growth due to the increasing number of industries in the country and their integration with automation to enhance return on investment. China has the largest manufacturing industry globally, contributing significantly to market demand. Manufacturing companies in China prioritize adopting 4.0 solutions to optimize and elevate their operations, thereby propelling market expansion.
- The growth of governmental initiatives in strengthening the country's semiconductor ecosystem and the country's emergence as a global producer of automotive and consumer electronic sectors would support the market’s growth.
- The market’s growth in the country is expected to be greatly influenced by the automotive segment, as there is a rising demand for discrete semiconductor devices in automotive manufacturing. For instance, in January 2024, the China Association of Automobile Manufacturers announced that China's automobile industry achieved a remarkable milestone, with production and sales surpassing 30 million units annually. This clearly indicates the immense growth potential of the automobile market.
- China's automotive sector experienced significant growth, solidifying the country's position as a key player in the worldwide automotive market. The Chinese government considers the automotive industry, along with its auto parts segment, to be crucial pillars of the nation's economy.
- The popularity of EVs is rising globally. China is a dominant adopter of electric vehicles worldwide. The country's 13th Five-Year Plan promotes the development of green transportation solutions, such as hybrid and electric vehicles, to advance the country's transportation sector.
- The government's efforts to attain carbon neutrality objectives by 2060 are projected to enhance the need for discrete semiconductors by leveraging the growth of various sectors, including the electric vehicle market. According to China's Development Plan for the New Energy Automobile Industry (2021-2035), electric vehicles could capture a 25% market share by 2025.
- Consequently, China is implementing more assertive measures to incentivize the adoption of electric vehicles, thereby expediting the adoption of discrete semiconductors for their extensive utilization in EVs. In August 2023, CAAM reported that China manufactured 589,000 battery electric vehicles (BEVs), comprising 551,000 passenger BEVs and 38,000 commercial BEVs. Additionally, 254,000 plug-in hybrid electric vehicles (PHEVs) were produced in China during the same month, with 253,000 being passenger PHEVs and 1,000 being commercial PHEVs.
Discrete Semiconductor Industry Overview
The discrete semiconductor market is fragmented, with several prominent players, such as ABB Ltd, ON Semiconductor Corporation, Infineon Technologies AG, STMicroelectronics NV, Toshiba Electronic Devices & Storage Corporation, and NXP Semiconductors NV (to be acquired by Qualcomm). The market players strive to innovate advanced and comprehensive products to cater to consumers' complex and evolving requirements.
- March 2024: Infineon introduced the first product in its new advanced MOSFET technology OptiMOS 7 80 V. The IAUCN08S7N013 features a significantly increased power density and is available in the versatile, robust, and high-current SSO8 5 x 6 mm² SMD package. The OptiMOS 780 V offering perfectly matches the upcoming 48 V board net applications. It is designed specifically for the high performance, high quality, and robustness needed for demanding automotive applications like automotive DC-DC converters in EVs, 48 V motor control, for instance, electric power steering (EPS), 48 V battery switches, and electric two- and three-wheelers.
- February 2024: Onsemi unveiled its 1200 V SPM31 Intelligent Power Modules (IPMs), showcasing the cutting-edge Field Stop 7 (FS7) Insulated Gate Bipolar Transistor (IGBT) technology. These IPMs, known for their superior efficiency and compact design, boast a higher power density, ultimately translating to a reduced overall system cost compared to their industry counterparts. Leveraging these optimized IGBTs, the SPM31 IPMs find their sweet spot in applications like three-phase inverter drives, notably in heat pumps, commercial HVAC systems, servo motors, and various industrial pumps and fans.
Discrete Semiconductor Market Leaders
-
ABB Ltd
-
ON Semiconductor Corporation
-
Infineon Technologies AG
-
STMicroelectronics NV
-
Toshiba Corporation
*Disclaimer: Major Players sorted in no particular order
Discrete Semiconductor Market News
- June 2024: Onsemi's proposed investment of up to USD 2 billion over multiple years aims to bolster the advanced power semiconductor supply chain for its European and global clientele. The company is set to build a cutting-edge, vertically integrated silicon carbide (SiC) manufacturing plant in the Czech Republic. This facility is expected to focus on crafting Onsemi's pivotal intelligent power semiconductors, which are crucial for enhancing energy efficiency in electric vehicles, renewable energy systems, and AI data centers.
- May 2024: Infineon Technologies expanded its SiC MOSFET development to encompass voltages below 650 V. The company introduced its latest offering, the CoolSiCMOSFET 400 V family, built on the second-generation (G2) technology, which debuted earlier this year. This new MOSFET lineup is designed for the AC/DC stage of AI servers, aligning with Infineon's recent PSU roadmap. Beyond server applications, these devices find a niche in inverter motor control, solar and energy storage systems, SMPS, and even solid-state circuit breakers in residential settings.
Discrete Semiconductor Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
-
4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitute Products
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain / Supply Chain Analysis
- 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
-
5.1 Market Drivers
- 5.1.1 Rising Demand for High-energy and Power-efficient Devices in the Automotive and Electronics Segment
- 5.1.2 Increasing Demand for Green Energy Power Generation Drives the Market
-
5.2 Market Restraints
- 5.2.1 Rising Demand for Integrated Circuits
6. MARKET SEGMENTATION
-
6.1 By Device Type
- 6.1.1 Diode
- 6.1.2 Small Signal Transistor
- 6.1.3 Power Transistor
- 6.1.3.1 MOSFET Power Transistor
- 6.1.3.2 IGBT Power Transistor
- 6.1.3.3 Other Power Transistor
- 6.1.4 Rectifier
- 6.1.5 Thyristor
-
6.2 By End-user Vertical
- 6.2.1 Automotive
- 6.2.2 Consumer Electronics
- 6.2.3 Communication
- 6.2.4 Industrial
- 6.2.5 Other End-user Verticals
-
6.3 By Geography***
- 6.3.1 United States
- 6.3.2 Europe
- 6.3.3 Japan
- 6.3.4 China
- 6.3.5 South Korea
- 6.3.6 Taiwan
7. COMPETITIVE LANDSCAPE
-
7.1 Company Profiles*
- 7.1.1 ABB Ltd
- 7.1.2 On Semiconductor Corporation
- 7.1.3 Infineon Technologies AG
- 7.1.4 STMicroelectronics NV
- 7.1.5 Toshiba Electronic Devices and Storage Corporation
- 7.1.6 NXP Semiconductors NV
- 7.1.7 Diodes Incorporated
- 7.1.8 Nexperia BV
- 7.1.9 Semikron Danfoss Holding A/S (Danfoss A/S)
- 7.1.10 Eaton Corporation PLC
- 7.1.11 Hitachi Energy Ltd (Hitachi Ltd)
- 7.1.12 Mitsubishi Electric Corporation
- 7.1.13 Fuji Electric Co Ltd
- 7.1.14 Analog Devices Inc.
- 7.1.15 Vishay Intertechnology Inc.
- 7.1.16 Renesas Electronics Corporation
- 7.1.17 Rohm Co. Ltd
- 7.1.18 Microchip Technology
- 7.1.19 Qorvo Inc.
- 7.1.20 Wolfspeed Inc.
- 7.1.21 Texas Instrument Inc.
- 7.1.22 Littelfuse Inc
- 7.1.23 WeEn Semiconductors
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityDiscrete Semiconductor Industry Segmentation
A discrete semiconductor is a single semiconductor device that performs a basic electronic function. The market is defined by the revenue generated from sales of various types of discrete semiconductors, such as diodes, small signal transistors, power transistors, and rectifiers, employed across multiple end-user verticals, such as automotive, consumer electronics, communication, industrial, and others, across several countries like the United States, Europe, Japan, China, Korea, Taiwan, and the rest of the world.
The discrete semiconductor market is segmented by device type (diode, small signal transistor, power transistor [MOSFET power transistor, IGBT power transistor, and other power transistors], rectifiers, and thyristors), by end-user vertical (automotive, consumer electronics, communication, industrial, and other end-user verticals), and by geography (United States, Europe, Japan, China, South Korea, Taiwan, and rest of the world). The report offers market forecasts and size in volume (shipment units) and value (USD) for all the above segments.
| By Device Type | Diode | |
| Small Signal Transistor | ||
| Power Transistor | MOSFET Power Transistor | |
| IGBT Power Transistor | ||
| Other Power Transistor | ||
| Rectifier | ||
| Thyristor | ||
| By End-user Vertical | Automotive | |
| Consumer Electronics | ||
| Communication | ||
| Industrial | ||
| Other End-user Verticals | ||
| By Geography*** | United States | |
| Europe | ||
| Japan | ||
| China | ||
| South Korea | ||
| Taiwan |
Discrete Semiconductor Market Research FAQs
How big is the Discrete Semiconductor Market?
The Discrete Semiconductor Market size is expected to reach USD 33.30 billion in 2024 and grow at a CAGR of 6.65% to reach USD 45.95 billion by 2029.
What is the current Discrete Semiconductor Market size?
In 2024, the Discrete Semiconductor Market size is expected to reach USD 33.30 billion.
Who are the key players in Discrete Semiconductor Market?
ABB Ltd, ON Semiconductor Corporation, Infineon Technologies AG, STMicroelectronics NV and Toshiba Corporation are the major companies operating in the Discrete Semiconductor Market.
Which is the fastest growing region in Discrete Semiconductor Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Discrete Semiconductor Market?
In 2024, the Asia Pacific accounts for the largest market share in Discrete Semiconductor Market.
What years does this Discrete Semiconductor Market cover, and what was the market size in 2023?
In 2023, the Discrete Semiconductor Market size was estimated at USD 31.09 billion. The report covers the Discrete Semiconductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Discrete Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Discrete Semiconductor Industry Report
Statistics for the 2024 Discrete Semiconductor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Discrete Semiconductor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
