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Automotive Discrete Semiconductors Market Analysis

The Automotive Discrete Semiconductors Market size is estimated at USD 6.42 billion in 2024, and is expected to reach USD 9.32 billion by 2029, growing at a CAGR of 7.72% during the forecast period (2024-2029).

• The automotive discrete semiconductor market is experiencing significant growth, driven by several key factors that align with the evolving landscape of the automotive industry. Rising demand for electric vehicles and the increasing adoption of advanced technologies such as artificial intelligence and machine learning in connected vehicles create new market opportunities.
• Discrete semiconductors play a pivotal role in the automotive sector, powering essential functions across various systems. They manage power, control engines, handle lighting, drive safety features, enhance comfort, facilitate electric vehicle charging, and enable driver assistance systems. Their reliability and tailored performance characteristics are now indispensable in modern vehicles.
• The rising adoption of EVs and hybrids is spurring the demand for power semiconductors, including MOSFETs, IGBTs, and diodes. These components are vital for efficient power conversion and management. In November last year, Mitsubishi Electric Corporation collaborated with Nexperia, a Netherlands-based firm, to advance silicon carbide semiconductors. Mitsubishi, known for its expertise in wide-bandgap semiconductor technologies, will supply SiC MOSFET chips to Nexperia. In return, Nexperia will harness these chips to craft SiC discrete devices. The partnership, emphasizing the surging SiC power semiconductor demand driven by the electric vehicle market, underscores the industry's trajectory.
• As modern vehicles increasingly incorporate electronic systems for safety, comfort, and infotainment, the demand for reliable, discrete semiconductors is on the rise. Notably, India's manufacturing landscape is witnessing a surge, with local players, like Continental Device India Private Limited (CDIL), stepping up.
• The manufacturing of discrete semiconductors involves complex processes and high capital investment. Fluctuations in raw material prices, particularly for silicon and other essential components, can lead to increased production costs. This can make it challenging for manufacturers to maintain competitive pricing, especially in a market where consumers are increasingly price-sensitive.
• Geopolitical challenges, including the Russian invasion of Ukraine, China-US competition, elections, and the war in Israel, significantly impact the global supply chain, especially critical raw materials vital for traditional industries, defense, high-tech sectors, aerospace, and green energy. The Russia-Ukraine war and economic slowdown caused significant disruption in the semiconductor industry. The increased inflation and interest rates reduced consumer spending, hampered the industry’s demand, and led to slow growth in the automotive discrete semiconductor market.

Automotive Discrete Semiconductors Market Trends

Power Transistors are Expected to Hold a Significant Market Share

Automotive Discrete Semiconductors Industry Segmentation

Discrete semiconductors are single semiconductor devices that perform an essential electronic function.

For market estimation, the revenue generated from sales of various types of discrete semiconductors used in the consumer industry, such as diodes, small signal transistors, power transistors, and rectifiers, are being tracked globally. 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 analyzes the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market.

The automotive 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 geography (United States, Europe, Japan, China, Korea, Taiwan, and the Rest of the world). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.