South Korea Discrete Semiconductors Market Size (2024 - 2029)

South Korea Discrete Semiconductors Market Analysis

The South Korea Discrete Semiconductors Market size is estimated at USD 1.63 billion in 2024, and is expected to reach USD 2.25 billion by 2029, growing at a CAGR of 6.65% during the forecast period (2024-2029).

• South Korea has been leading the way in adopting Industrial IoT, owing to its thriving manufacturing industry and unwavering government backing for technological advancement. With its impressive technological progress and industrial prowess, the country has the potential to excel in this market segment and boost its economic growth. Given the promising revenue and expansion opportunities in the Industrial IoT market, South Korea has a chance to establish itself as a critical player in this sector.
• The solid automotive sector in South Korea is expected to provide profitable prospects for expanding the discrete semiconductor market. Due to the increasing global interest in electric vehicles and the backing from the government to enhance local production, South Korean car manufacturers like Hyundai, Kia, and Genesis are concentrating on boosting their production capacity and making substantial investments in research and development.
• The South Korean discrete semiconductor market is on an upswing, propelled by a surge in electronic manufacturers seeking swift, compact components that bolster production efficiency. Diodes, transistors, thyristors, and modules are pivotal in meeting these demands. The market is set to be further fueled by the demand for discrete semiconductors in automotive applications, spanning safety, navigation, infotainment, and fuel efficiency. Industrial sectors, including transportation, security, automation, solid-state lighting, and energy management, are also expected to be significant market drivers.
• Manufacturers' preference for integrated circuits impedes the industry's growth. The sector's continued focus on integrated circuits and a shortage of technological advancements pose significant challenges, constraining the discrete semiconductor industry's growth in the coming years. The industry's growth faces hindrances as manufacturers increasingly favor integrated circuits. With the sector's persistent reliance on integrated circuits and a lack of notable technological advancements, the discrete semiconductor industry is poised to grapple with substantial challenges in the foreseeable future.
• Macroeconomic factors like South Korea's trade policies and trade relationships with major economies like China, the United States, and the European Union significantly impact the semiconductor industry. Tariffs, trade restrictions, and international agreements can facilitate or hinder growth. In addition, disruptions in the supply chain, such as shortages of raw materials and logistics issues, can impact production and distribution.

South Korea Discrete Semiconductors Industry Segmentation

Discrete semiconductors are individual devices housed in their package, distinct from other components. In contrast to integrated circuits (ICs), which can house thousands, even billions, of transistors in a single package, discrete semiconductors are limited to performing a single, specific function.

The study tracks the revenue accrued through the sale of discrete semiconductor products by various South Korean end-user industries by various players. 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 South Korean discrete semiconductors market is segmented by type (diode, small signal transistor, power transistor [MOSFET power transistor, IGBT power transistor, and other power transistors], rectifier, and thyristor), and end-user vertical (automotive, consumer electronics, communication, industrial, and other end-user verticals). The market sizes and forecasts are provided in value in terms of USD for all the above segments.