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The global diode market size is expected to grow at a CAGR of 7% between 2024 and 2032. The market is being driven by the increasing application of diodes in various sectors, such as communication, automotive, and consumer electronics, among others.
A diode, also known as a rectifier, is a semiconductor device which enables the smooth flow of current in a particular direction while restricting its flow in the opposite direction. They can also be used to transform alternating current into intermittent direct current. Diodes are used in various sectors for several purposes, such as surge protection, voltage regulation, and power conversion, among others.
A diode is made by joining two types of semiconductor materials- P-type and N-type. The P-type is rich in positive charge carriers (holes), and the N-type is rich in negative charge carriers (electrons). The junction where these two types meet is called the PN junction.
When the P-type side (anode) is connected to the positive terminal of a battery and the N-type side (cathode) to the negative terminal, the diode is said to be forward-biased. In this state, the diode allows the flow of electric current. If the connections are reversed, the diode is reverse-biased. In this state, it blocks current flow, except for a very tiny leakage current.
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Growing popularity of automotive diodes
The increasing application of automotive-grade diodes is driving the diode market growth. In an automobile, diodes perform crucial automotive functions such as reverse battery protection, motor control, and LED lighting, among others. In line with this, the increasing sale of passenger and commercial vehicles is propelling the incorporation of diodes, thereby adding to the growth of the market.
As the automotive sector shifts towards electric vehicles (EVs) and hybrid electric vehicles (HEVs), the demand for efficient power management solutions increases. Diodes, being crucial in power conversion and management, are extensively used in these vehicles. They are deployed in battery charging systems, power converters, and various electronic control units (ECUs).
In hybrid and electric vehicles, regenerative braking systems convert kinetic energy into electrical energy during braking. Diodes are used in these systems to manage and direct the flow of this regenerated energy, ensuring efficient charging of the vehicle's battery. The global expansion of the automotive sector, particularly in emerging economies, is another factor driving the demand for automotive-grade diodes.
Rapid technological developments in the electrical and electronic sector
Growing innovations in the electrical and electronics sector support the development of handheld and portable consumer electronics, such as advanced smartwatches and fitness bands, wall clocks, and high-performance computers, among others, which is propelling the diode market demand. Electronics with smaller sizes have lower power consumption which are supported by custom diodes.
As electronic devices become smaller and more powerful, there is an increasing need for compact yet efficient components. Diodes are being developed to meet these miniaturisation trends, leading to innovations in diode technology that offer smaller sizes without compromising on performance.
The growing focus on renewable energy sources like solar and wind power has escalated the demand for diodes. They are crucial in solar panels and wind turbines for functions like blocking reverse currents and efficient power conversion. The expansion of renewable energy infrastructure is a significant driver for the market. The development of advanced power electronic devices, which are essential for managing power in a wide range of electronic applications, is another driver.
Increasing usage of silicon carbide (SiC) diodes due to their characteristics like superior stability
One of the crucial diode market trends is the burgeoning popularity of silicon carbide (SiC) diodes, due to their superior stability for reverse leakage at higher power densities. The surge in production of SiC diodes by medium and large-scale businesses, to improve battery capacity to spearhead production processes, are expected to be crucial trends in the market.
Silicon carbide diode can operate at much higher temperatures than silicon. This is a crucial advantage in applications where devices are subjected to high thermal stress, reducing the need for additional cooling systems. SiC diodes can switch on and off much faster than silicon diodes. This allows for higher frequency operation in power electronic devices, beneficial for applications such as electric vehicle chargers, solar inverters, and high-frequency power supplies.
SiC diodes contribute to improved power density in electronic devices, enabling the design of compact systems with high power output. Furthermore, the efficiency of SiC diodes translates to lower energy consumption, which is beneficial both in terms of operational costs and environmental impact, particularly in large-scale industrial applications.
Based on type, the market is segmented into Zener diodes, Schottky diodes, laser diodes, light emitting diodes, and small signal diodes, among others. On the basis of end-use, the market is classified into communications, consumer electronics, automotives, and computer and computer peripherals, among others. The regional markets for diodes are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global diode market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The laser diode segment, based on type, accounts for a considerable portion of the diode market share. The availability of laser diodes in a wide range of wavelengths, output powers, and beam shapes, makes them ideal in sectors such as industrial, life science, and scientific instrumentation, among others. Some of the common applications of laser diodes include barcode readers, security systems, and optical communications.
In the medical field, laser diodes provide better outcomes as compared to surgical knives, especially while dealing with diagnostics of cancer cells, removal of unwanted tissue, and dental treatments.
In industrial settings, laser diodes are used for cutting, welding, material processing, and alignment. Their precision and efficiency make them ideal for these applications. The industrial sector's continuous pursuit of automation and precision has increased the reliance on laser diode technology. They also play a crucial role in optical data storage devices. With the increasing need for data storage and the prevalence of optical storage media, the demand for laser diodes remains strong.
As per the diode market analysis, the consumer electronics segment accounts for a significant share of the market. Diodes are used to manufacture LEDs and rectifiers, which are two crucial consumer electronic components witnessing a heightened demand in the household and commercial sectors. LED displays are witnessing increased installations across commercial complexes, while rectifiers are used in a variety of power appliances, computers, gas heating systems, and battery chargers, among others.
Diodes, particularly rectifier diodes, are used to convert alternating current (AC) from power outlets into direct current (DC), which is used by most electronic devices. They are essential components in adapters and chargers for laptops, smartphones, and other portable devices. They are also used in protection circuits to safeguard electronic components from voltage spikes and surges. For example, Zener diodes are often employed to regulate voltage levels and to protect sensitive electronics from overvoltage conditions.
Meanwhile, the increasing application of diodes in oscillators is further adding to the diode market value. Over the forecast period, the anticipated increase in the demand for oscillators in smart wearables, video games, cable TV systems, and cell phones, among other consumer electronic products, is expected to fuel the segment’s growth.
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Infineon Technologies AG is a leading semiconductor manufacturing company which produces a variety of products including microcontrollers, wireless connectivity solutions, ICs, sensors, smart card solutions, and transceivers. Founded in 1999 and headquartered in Neubiberg, Germany, the company caters to the demands of various sectors such as automotive, and IT and telecom.
Analog Devices, Inc. is a multinational semiconductor manufacturing company which combines digital, analog, and software technology into solutions, impacting several sectors across the globe. This company also specialises in data conversion, signal processing, and power management technology. It was founded in 1965 and is headquartered in Massachusetts in the United States.
STMicroelectronics is a prominent semiconductor manufacturing corporation which has a vast product portfolio, including audio IC, amplifier, automotive microcontroller, MEMS and sensor, and motor driver, among others. The company also provides services related to lighting solutions, safety and security solutions, and connectivity solutions. STMicroelectronics was established in 1987 and is headquartered in Geneva, Switzerland.
Other market players include 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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by End-Use |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 7% in the forecast period of 2024-2032.
The increasing applications of automotive grade diodes in vehicles, growing demand for consumer electronics, and increasing affordability of downstream diode products are the major drivers of the market.
The key trends in the market include the growing innovations in the electrical and electronics sector, rapid development of portable consumer electronics, and increasing focus on SiC diode production.
Zener diodes, Schottky diodes, laser diodes, light emitting diode, and small signal diode, among others, are the different types of diodes in the market.
Communications, consumer electronics, automotives, and computer and computer peripherals, among others, are the various end-uses of diodes in the market.
Diodes are used for directing electric current in one specific direction while barring current flow in the opposite direction.
Diode can be used to convert AC into DC, enabling a directional flow of current.
Excessive forward current, or physical jerk to an electronic product can cause damage to a diode.
The major regional markets for diodes are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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, are the key players in the diode market, according to the report.
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