United States Discrete Semiconductors Market Size (2024 - 2029)

United States Discrete Semiconductors Market Analysis

The United States Discrete Semiconductors Market size is estimated at USD 3.97 billion in 2024, and is expected to reach USD 5.65 billion by 2029, growing at a CAGR of 7.29% during the forecast period (2024-2029).

• The United States is one of the prominent markets due to its large automotive and other industries that consume discrete semiconductors. The semiconductor industry dramatically relies on the United States as a manufacturing, design, and research hub. The country's influence plays a crucial role in stimulating the export of electronic equipment and fostering the growth of various end-user industries. These industries, including consumer electronics, communication, and automotive, heavily rely on discrete semiconductors as essential components.
• The rising demand for passenger and advanced vehicles has led to substantial growth in the automotive industry in the country. The market has been primarily driven by the high population density, resulting in an increased utilization of passenger vehicles. Consequently, there is an ongoing requirement for cost-effective and top-notch components in the automotive sector, thus driving the market’s growth.
• Being home to some of the major players in the market, such as Wolfspeed Inc. and Microchip Technology Inc., the country also continues to witness significant product innovation. For instance, in June 2024, Navitas Semiconductor introduced the Gen-3 Fast (G3F) 650V and 1200V SiC MOSFETs designed to enhance fast switching speed, high efficiency, and increased power density for AI data center power supplies, on-board chargers (OBCs), fast EV roadside super-chargers, and solar/energy-storage systems (ESS).
• Due to several factors, the demand for integrated circuits has soared recently. ICs offer numerous advantages over discrete semiconductors, such as compactness, increased functionality, and higher performance. This has led to the widespread adoption in various applications, ranging from automotive to consumer electronics and industrial sectors. Advancements in semiconductor manufacturing technologies, such as the miniaturization of transistors through Moore's Law, have enabled the production of increasingly complex ICs at lower costs, thus restraining the market's growth.
• Macroeconomic factors like rising tensions between the United States and China have led to supply shortages in microchips and raw materials. This disruption in the engineering supply chain has significantly impacted product availability, driving up costs industry-wide. Consequently, discrete semiconductor manufacturers have been prompted to reassess their supply chain strategies and reduce risks.

United States 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 in various end-user industries by various players in the United States. 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 during 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 US discrete semiconductors market is segmented by type (diode, small signal transistor, power transistor [MOSFET power transistor, IGBT power transistor, and other power transistors], rectifier, thyristor) and by end-user industry (automotive, consumer electronics, communication, industrial, and other end-user industries). The market sizes and forecasts are provided in value (USD) for all the above segments.