Global Diode Market to Grow at a CAGR of 7% During 2024-2032, Aided by the Increasing Application of Diodes in Various Sectors

A diode, also referred to as a rectifier, serves as a semiconductor device facilitating the unidirectional flow of current while impeding its reverse flow. Its applications span across various sectors, encompassing surge protection, voltage regulation, and power conversion. The expanding use of automotive-grade diodes is a key factor propelling the diode market growth.

Automotive-grade diodes play a critical role in automotive functions like reverse battery protection, motor control, and LED lighting. The market is further fuelled by the rising sales of both passenger and commercial vehicles, leading to an increased use of diodes. Additionally, innovations in the electrical and electronics sector, particularly in handheld and portable consumer electronics, are contributing to the growing demand for diodes. Notably, the trend towards silicon carbide (SiC) diodes is gaining momentum due to their superior stability and efficiency.

In November 2023, Littelfuse, Inc. (NASDAQ: LFUS), a leading industrial technology manufacturing company, unveiled the SZSMF4L 400 W TVS Diode Series to address the increasing volume and complexity of automotive electronics. The new diode series offers essential protection against high voltage and energy transients in sensitive automotive systems, featuring fast response time, low Zener impedance, high surge handling, and effective clamping capabilities. Its compact size makes it particularly suitable for various automotive applications, especially in the context of vehicle electrification.

In August 2023, TSMC (NYSE: TSM), Robert Bosch GmbH, Infineon Technologies AG (OTCQX: IFNNY), and NXP Semiconductors N.V. (NASDAQ: NXPI) announced to make joint investment in European Semiconductor Manufacturing Company (ESMC) GmbH in Dresden, Germany, to establish advanced semiconductor manufacturing services. Aligned with the European Chips Act, this initiative involves the construction of a 300mm fab to address the future capacity needs of the automotive and industrial sectors. Pending confirmation of public funding, the project is set to begin construction in the second half of 2024, targeting production commencement by the end of 2027, with a monthly capacity of 40,000 300mm wafers.

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Market Breakup by Type, End Use, and Region:

• The market is segmented based on type into Zener diodes, Schottky diodes, laser diodes, light emitting diodes, small signal diodes, and others.

• Based on end-use, the market is divided into communications, consumer electronics, automotives, computer and computer peripherals, and others.

• Region-wise, the global market for diode can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market sees a substantial contribution from the consumer electronics segment, where diodes play a pivotal role in manufacturing essential components like LEDs and rectifiers. The widespread adoption of LED displays in commercial complexes and the versatile use of rectifiers in various power appliances, computers, gas heating systems, and battery chargers contribute to their heightened significance in the market.

• In the diode market, the laser diode segment holds a substantial share, driven by its versatility, which further supports its application across various sectors such as industrial, life science, and scientific instrumentation. With diverse options in wavelengths, output powers, and beam shapes, laser diodes find applications in barcode readers, security systems, and optical communications, showcasing their widespread utility.

• The rise in demand for automotive diodes and the increasing production of electric and hybrid vehicles are expected to favour the overall market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global diode market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, end-use, and major regions of diode.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the diode market are Infineon Technologies AG, Analog Devices, Inc., STMicroelectronics, Littelfuse, Inc., Microchip Technology Inc., Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., Central Semiconductor Corp., Diodes Incorporated, Rohm Co., Ltd, Vishay Intertechnology, Inc., Hitachi Power Semiconductor Device, Ltd., MACOM Technology Solutions Inc., and Toshiba Electronic Devices & Storage Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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