Discrete Semiconductor Market to witness a CAGR of 2.94% between 2018 and 2024
The recent study on the global discrete semiconductor market covers an in-depth analysis of the market on the basis of type, industry vertical, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. According to the report titled “Global Discrete Semiconductor Market– Forecast from 2019 to 2024”, the market is estimated to grow at a CAGR of 2.94% to reach a market size of US$25.977 billion by the end of the forecast period. The report has segmented the global discrete semiconductor market by type (thyristors, rectifiers, power transistors, small signal transistors, diodes, others), by industry vertical (communication, consumer electronics, automotive, manufacturing) and by geography such as Americas (United States, Canada, Brazil, others), Europe Middle East and Africa (Germany, France, United Kingdom, Italy, others), and Asia Pacific (China, Japan, India, Taiwan, others).
The growing focus on the development of electronic devices that consumes power efficiently is expected to drive the global discrete semiconductor market. Furthermore, the rising investment to improve the access to electricity to individuals is further driving the growth opportunities for the discrete semiconductor manufacturers.
Power transistors segment is anticipated to dominate the market
The rising investment in the electricity infrastructure is leading to development of different power electronics equipment, which in turn, is driving the growth opportunity for the power transistor market. Furthermore, the trend of digitalization and installation of LED lighting worldwide has also been increasing, which is further anticipated to supplement the growth of the market during the forecast period.
Some of the major players discussed in the reports are ON Semiconductor, STMicroelectronics, Toshiba Corporation, Diodes Incorporated, and Vishay Intertechnology, Inc. among others.
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