Global Diodes Market Size (2024 - 2029)

The diodes market is experiencing growth driven by the increasing demand for miniaturized electronic products, enhanced smartphone functionalities, and the rising adoption of electric vehicles. These trends necessitate the development of innovative and customized diodes to meet the requirements for smaller size and higher functionality. However, the market faces challenges due to the substantial initial costs of product upgrades and the negative impact of the COVID-19 pandemic on supply chains and project timelines. Despite these challenges, the demand for diodes continues to expand as manufacturers strive to maintain a competitive market share.

Home Market Analysis Technology, Media and Telecom Research Electronics Research Electronic Components Research Active Electronics Research Diodes Research Diodes Industry Market Size

Market Size of Global Diodes Industry

Global Diodes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Global Diodes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Diodes Market Analysis

The global diodes market is expected to register a CAGR of 2.5% during the forecast period (2020-2027). Diodes are used in several applications such as surge protection, voltage regulation, switching, and power conversion. The growth of electronics applications in medical, consumer, industrial, and automobile is increasing rapidly, and hence it is driving the diodes market to grow. Some of the factors that are influencing the market growth are:

  • Miniaturization of electronic products is happening across consumer electronics segments. Minimal size with minimum power consumption and maximum power delivery is the motive of all electronic manufacturers. Due to this, the demand for innovative and customized diodes is increasing.
  • The increasing demand for smartphones with various functions, such as phones that can be used as an FM radio, MP3 player, MP4 player, handheld TV, memo recorder, camera, or even a projector, is increasing. This increased number of signals has increased the requirement for signal routing solutions. These solutions require diodes with smaller size and higher functionality, enabling mobile phone designers to continue pushing for smaller form factors while still providing enhanced features within their design. This technological need is driving the diodes market to grow.
  • Increasing demand for electric vehicles is also boosting the market growth of diodes. Various types of diodes are used in the manufacturing process of EVs. According to the International Energy Agency (IEA), in 2021, electric car sales will more than double compared to 2020 and reach 6.6 million. Electric cars represented nearly 9% of the global car market in 2021, with more than tripling the market share from two years earlier.
  • This advanced transformation requires manufacturers to continuously upgrade their products in designing, power consumption, processing power, and user interface to acquire a significant market share. To achieve the above-said specifications in their products, companies bear substantial initial costs. Providing higher functional products with minimum price points is a challenge in this market because before reaching economies of scale, a product in this segment always requires an upgradation.
  • COVID 19 has a negative impact on the diodes market as it has heavily impacted the supply chain and workforce of the market value chain. Due to the pandemic, most companies have delayed their hardware upgrades and other long-term migration projects. For instance, the launch of the 5G plan has been delayed across many countries for which the launch of commercial 5G services has been postponed. The infrastructures for 5G services require various diodes, and delays also delay the growth of diodes' requirements.

Diodes Industry Segmentation

A diode is an electronic component with ideally zero resistance to current in one direction compared to ideally infinite resistance in the other. A diode acts as a valve with different applications depending on the property or type of diode used in the circuit.

There are different types of diodes, including power diodes, small signal diodes, and radiofrequency & microwave diodes. These electronic components are used across all the electronic devices across various industries like communication, consumer electronics, automotive, computer, and computer peripheral.

End-user Industry
Communications
Consumer Electronics
Automotives
Computer and Computer Peripherals
Others
Type
Zener Diodes
Schottky Diodes
Laser Diodes
Light Emitting Diode
Small Signal Diode
Others
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Global Diodes Market Size Summary

The global diode market is experiencing growth driven by the increasing demand for electronics across various sectors, including medical, consumer, industrial, and automotive applications. The miniaturization of electronic products and the rising demand for multifunctional smartphones are significant factors propelling the market. As electronic manufacturers strive for minimal size, low power consumption, and high power delivery, the need for innovative and customized diodes is on the rise. Additionally, the growing adoption of electric vehicles is further boosting the market, as diodes play a crucial role in the manufacturing process of these vehicles. Despite the challenges posed by the COVID-19 pandemic, which disrupted supply chains and delayed hardware upgrades, the market continues to expand due to the essential role diodes play in modern electronics.

The Asia-Pacific region is witnessing rapid expansion in the diode market, fueled by the presence of numerous electronics and vehicle manufacturing companies and increasing consumer spending power. The region's growth is further supported by the rising adoption of electric vehicles and the digitization of industrial processes. The demand for powerful miniaturized diodes in consumer electronics and smart wearables is particularly strong, with companies establishing manufacturing facilities in the region to capitalize on the vast supply of raw materials and cost-effective labor. The global diode market is highly competitive, with key players engaging in product innovation, partnerships, and acquisitions to maintain a competitive edge. Notable developments include Diodes Incorporated's acquisition of Lite-on Semiconductor and Infineon Technologies' investment in wide bandgap semiconductors, highlighting the industry's focus on expanding product portfolios and enhancing manufacturing capabilities.

Explore More

Global Diodes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in the Need of Advance and Complex Electronic Devices In Every Sectors

      2. 1.2.2 Miniaturization of discrete electronic products

    3. 1.3 Market Restraints

      1. 1.3.1 Matching required price point of diodes with all desired specification

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 COVID-19 Impact on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-user Industry

      1. 2.1.1 Communications

      2. 2.1.2 Consumer Electronics

      3. 2.1.3 Automotives

      4. 2.1.4 Computer and Computer Peripherals

      5. 2.1.5 Others

    2. 2.2 Type

      1. 2.2.1 Zener Diodes

      2. 2.2.2 Schottky Diodes

      3. 2.2.3 Laser Diodes

      4. 2.2.4 Light Emitting Diode

      5. 2.2.5 Small Signal Diode

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle-East and Africa

Global Diodes Market Size FAQs

The Global Diodes Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)

Diodes Incorporated, Infineon Technologies AG, ROHM Co. Ltd, NXP Semiconductors NV and Vishay Inter technology Inc. are the major companies operating in the Global Diodes Market.

Diodes Market Report Snapshots

Diode Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)