Schottky Diode Market Size:
The Global Schottky Diode market is forecast to grow at a CAGR of 4.8%, reaching USD 3.8 billion in 2031 from USD 3.0 billion in 2026.
A power Schottky diode is a type of diode that is used to convert alternating current to direct current. This conversion procedure is sometimes referred to as rectification. There are several advantages to employing a power Schottky diode over a standard diode, including low turn-on voltage, rapid recovery time, and low junction capacitance. Various aspects boosting the worldwide Schottky diode market include rising industrialization, continual developments and blooming uses of diodes, and increasing consumption of gadgets in emerging nations.
The rising demand from the automotive and communication sectors will expand the market share
The demand for high-power Schottky diodes is beneficial in a variety of sectors, including automotive, electronics, and communications. The requirement for power Schottky diodes in the market will be triggered by the desire for a steady DC supply for a substantial number of electronic devices such as cellphone charges, computers, wireless speakers, inverters, and many others. Furthermore, product launches for such sectors have also generated high demand from them. For instance, in August 2022, Diodes Incorporated announced the addition of a new DC-DC converter to its portfolio of automotive-compliant converters. The DIODESTMAP64060Q is a 600mA synchronous buck converter with a 4.5V to 40V input voltage range. It integrates a 600m high-side power MOSFET and a 300m low-side power MOSFET to provide high-efficiency step-down conversion with little PCB board footprint. The AP64060Q is intended for use in car powertrains, infotainment systems, instrument clusters, and external lighting.
The diverse end-user application in addition to company product launches will boost the market trend in the upcoming years.
Due to the diverse applications of the market in addition to companies launching innovative products, both will directly impact the market revenue in the long run. With such developments around the world, the market is gaining further momentum. For instance, in November 2020, Semtech Corporation, a leading producer of high-performance analogue and mixed-signal semiconductors as well as innovative algorithms, qualified its novel Schottky diode for space applications. JANS1N5822 is Semtech's first Schottky diode designed for space applications. This diode has been introduced to Semtech's line of QPL high-reliability products. Semtech is the second qualified manufacturer for this extremely specialized diode. The novel diode is qualified for MIL-PRF-19500 JANS assurance level and is offered in axial and surface mount (MELF) packages. Additionally, in October 2020, UnitedSiC, a major maker of silicon carbide (SiC) power semiconductors, revealed the addition of four additional Junction Barrier Schottky (JBS) diodes to its FET and JFET transistor products. The UJ3D 1200V and 1700V devices, which have the strongest surge current performance in the market, are part of the company's third generation of SiC Merged-PiN-Schottky (MPS) diodes.
Asia Pacific accounts for a significant amount of market share during the forecast period
The Asia Pacific region is expected to have the fastest growth in the market for electric light commercial vehicles in addition to the growing usage of smartphones. In their electrical and electronic components, these vehicles use a variety of diodes. Similarly, smartphone use and digitization of industrial processes are both increasing in the sector. The Asia-Pacific diodes market is developing due to the requirement for diodes in all electrical items and the rise of smartphones and electronics.
According to the India Cellular and Electronics Association (ICEA), India will have 829 million smartphone users by 2022. Additionally, with the emergence of 5G networks the demand for smartphones is anticipated to rise. With more than 50 cities and towns currently using 5G, India Cellular and Electronics Association (ICEA) predicts that by the end of 2023, 75-80 percent of new smartphone releases will be 5G-enabled.
Meanwhile, according to data from the China Association of Automotive Manufacturers, the country's automobile sales increased 25.7 percent year on year to 2.61 million units in September 2022. According to the same data source, China's automotive output surpassed 2.67 million units last month, a 28.1 percent increase over the same time in 2021.