China Semiconductor Diode Market Size (2024 - 2029)

China Semiconductor Diode Market Analysis

The China Semiconductor Diode Market size is estimated at USD 1.29 billion in 2024, and is expected to reach USD 1.52 billion by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).

• Owing to rising awareness, adopting electric vehicles helps reduce emissions, fleet emissions, and stringent government rules and regulations regarding vehicle emissions. Moreover, China's electric light commercial vehicles segment is expected to grow fastest. For instance, in 2022, the total sales of electric vehicles in China reached 6.89 million units. The Chinese government targets 20% of all vehicle sales to be electric by 2025, including adopting NEVs as the next generation of government vehicles.
• Many large electric vehicle manufacturers are investing in establishing plants in the country to manufacture electric automobiles. For example, Tesla constructed a second electric vehicle (EV) facility in China in February 2022 to assist it in meeting rising demand both locally and in export markets. In China, the business raised manufacturing capacity to at least 1 million cars annually.
• The increasing demand for consumer electronics across China pushes numerous corporations to create manufacturing facilities. For instance, according to the most recent figures from the Chinese government, Chinese subscribers are flocking to buy pricey new 5G cell phones. Until July 2022, the number of 5G smartphone shipments in China reached 133.9 million units 5G accounted for 75.9% of the total mobile phone shipments, according to the China Academy of Information and Communications Technology (CAICT) data.
• Vehicles utilize diodes because they allow current flow in only one direction. This critical component protects the vehicle's LED headlamp against current spikes. Hence, the growing demand for smart lighting solutions in China, owing to their energy efficiency, convenience, and cost-saving benefits, will likely drive the market.
• For instance, in February 2023, a large-scale smart infrastructure project was initiated in Huanggang City, China, to save energy costs and emissions while digitalizing urban infrastructure. As part of the project, Signify would provide the city in Hubei Province with light-emitting diode (LED) street lighting, smart poles, and a connected lighting system for industrial parks.

China Semiconductor Diode Industry Segmentation

A diode is an electronic component with ideally zero resistance to current in one direction compared to ideally infinite resistance in the other. Depending on the property or type of diode used in the circuit, a diode acts as a valve with various applications.

There are different diodes, including power diodes, small signal diodes, and radiofrequency & microwave diodes. These electronic components are found in various electronic devices in industries such as communication, consumer electronics, automotive, computers, and computer peripherals.

China Semiconductor Diode market is segmented by type (zener diode, schottky diode, laser diode, light emitting diode, small signal diode), by end-user industry (communications, consumer electronics, automotive, computer, and computer peripherals). The report offers market forecasts and size in value (USD) for all the above segments.