The Global Discrete Semiconductor Market Growth Accelerated By Increased Adoption Of Smart Technologies
The discrete semiconductor market comprises various discrete electronic components that have discrete functions and are used extensively across various sectors for diverse applications. Discrete semiconductor components like transistors, inductors, resistors, and diodes are basic building blocks used in circuits for products like consumer electronics, automobiles, industrial automation equipment, and communications infrastructure. Advances in technologies like IoT, AI, autonomous vehicles, and 5G networks have increased the demand for discrete semiconductors from various sectors.
The global discrete semiconductor market is estimated to be valued at US$ 38.16 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity
The proliferation of IoT devices across various sectors presents a lucrative opportunity for the growth of the discrete semiconductor market. IoT technology connects various physical devices like vehicles, home appliances, industrial equipment with sensors and software to enable collecting and exchanging data through the internet. As more consumer and industrial products get embedded with sensing, processing, and connectivity capabilities, the demand for discrete electronic components like MOSFETs, diodes, transistors used in designing IoT devices is expected to witness strong growth. Manufacturers are focusing on developing discrete semiconductors optimized for power efficiency, size, and reliability to facilitate the continued expansion of IoT technologies. This growing uptake of IoT solutions across industries offers a vast market potential for discrete semiconductor vendors over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the market requires huge R&D investments and established distribution networks. However, opportunities exist for new entrants providing specialized products and services.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established players providing substitutable products. Buyers can negotiate on price easily.
Bargaining power of suppliers: Being a fragmented market, the bargaining power of suppliers is moderate. However, the dependence on few chip manufacturing foundries increases their bargaining power.
Threat of new substitutes: The threat of new substitutes is high due to technological advancements enabling new materials as substitutes for discrete semiconductors.
Competitive rivalry: The competitive rivalry is high owing to many global players competing on product quality, pricing and innovation.
SWOT Analysis
Strengths: Advanced manufacturing technologies, strong R&D capabilities, established brands and global presence of key players.
Weaknesses: High R&D and manufacturing costs, susceptibility to business cycles, fierce competition and pricing pressures.
Opportunities: Growth of IoT and connected devices, adoption in automotive and industrial electronics, expansion in emerging markets.
Threats: Trade barriers, stringent regulations, IP thefts and economic slowdowns.
Key Takeaways
The global Discrete Semiconductor Market Share is expected to witness high growth over the forecast period. The global discrete semiconductor market is estimated to be valued at US$ 38.16 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024-2031.
Regionally, Asia Pacific dominates the market currently holding over 50% market share led by countries such as China, Taiwan and South Korea. The region is poised to maintain its leadership position owing to presence of key foundries, manufacturers and strong demand from end-use industries.
Key players operating in the discrete semiconductor market are Ottobock, Össur hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Nobel China Limited, Shijiazhuang Aofeite Import & Export Co., Ltd., e-Life International Co., Ltd., Rehan International Co., Ltd., and Xiamen Huakang Orthopedic Co., Ltd. The market is highly competitive with these players focusing on new product development and expansion in developing regions.
For more insights, read- https://www.newswirestats.com/discrete-semiconductor-market-trends-size-and-share-analysis/
For more insights, read- https://dailynewsmotion.weebly.com/report-blog/innovations-in-healthcare-navigating-the-cell-and-gene-therapy-market
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