Industrial Discrete Semiconductor Market Size (2024 - 2029)

Industrial Discrete Semiconductor Market Analysis

The Industrial Discrete Semiconductor Market size is estimated at USD 7.34 billion in 2024, and is expected to reach USD 10.33 billion by 2029, growing at a CAGR of 7.08% during the forecast period (2024-2029).

• Industrial discrete semiconductors are widely used in industrial equipment, manufacturing equipment and machines, UPS, etc. The primary use of discrete semiconductors in the industrial sector is in large battery-driven applications, such as forklifts, uninterruptible power supply (UPS) systems, solar inverters, and smaller power-driven systems, like power tools. They also enable precise control and automation in industrial processes, such as power regulation, motor control, and sensor interfacing.
• It is essential to have individual components to maximize the effectiveness of industrial systems. These particular components guarantee a consistent energy supply to various parts of automated systems. Moreover, they boost the speed and functionality of industrial automation systems. In addition, their adaptability allows for simple customization to enhance overall performance.
• The industrial Internet of Things and Industry 4.0 is pivotal in advancing, manufacturing, and supervising the complete logistics process, also called smart factory automation. These technologies are currently leading the way in the industrial sector, as they facilitate the connection of machinery and devices through the internet.
• Smart factories are another prominent trend in the industrial sector. Smart factories help generate significant productivity gains and help industries make new markets accessible through breakthrough innovations and technological investments. The rising government investment in factory automation also supports the trend.
• For instance, in October 2023, the government of the United States announced that it would invest USD 22 million to support smart manufacturing at small and medium-sized facilities across the nation. The administration's Manufacturing Leadership Program, funded by the President's Bipartisan Infrastructure Act, aims to make smart manufacturing technologies and high-performance computing more available in the domestic manufacturing sector, accounting for more than one-sixth of the US carbon emissions.
• Rising demand for integrated circuits, also known as ICs or microchips, in the industrial sector will further hamper the market's growth. Integrated circuits, also known as ICs or microchips, are electronic components that integrate multiple electronic circuits onto a single semiconductor substrate. In contrast, discrete semiconductors are electronic components designed to carry out specific functions like regulating current flow, amplifying signals, and switching.
• The conflict between Russia and Ukraine has caused a notable price surge, constraining the availability of raw materials essential for manufacturing industrial discrete semiconductors. Additionally, escalating tensions between the United States and China have resulted in shortages of microchips and raw materials. The disturbance in the supply chain for engineering has had widespread implications, impacting product availability and causing a sharp increase in costs throughout the industry.

Industrial Discrete Semiconductor Industry Segmentation

Discrete semiconductors are singular components contained within their own packaging, separate from other elements. Unlike integrated circuits (ICs) that have the capacity to contain thousands, or even billions, of transistors in a single package, discrete semiconductors are restricted to carrying out a single, designated task.

The study tracks the revenue accrued through the sale of industrial discrete semiconductors by various players in the global market. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.

The industrial discrete semiconductor market report is segmented by type (diode, small signal transistors, power transistors [MOSFET power transistors, IGBT power transistors, and other power transistors], rectifiers, and thyristors) and by Geography (United States, Europe, Japan, China, Korea, Taiwan, and Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.