Discrete Semiconductor Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Automotive applications are driving a majority of the demand for discretes, especially for power transistors and rectifiers. Conventional cars have been using 12-V battery systems since the 1950s, but in the current scenario, they cannot handle the heavier electronic loads of next-generation vehicles, thus creating the need for power-efficiency.

Autonomous driving and fully electric vehicles are demanding higher-performance microcontrollers and microprocessors, with more efficient, high-power MOSFETS, for power management and battery monitoring systems.

Discrete semiconductors find widespread use in electric vehicles. Space limitations and high-efficiency requirements demand a device that can carry high power and switch at higher frequencies. They can have high currents with very low losses and at a very high frequency, creating significant demand for these devices for EV applications. 

The Discrete Semiconductor Market size is expected to grow from USD 42.17 billion in 2023 to USD 63.15 billion by 2028, at a CAGR of 8.41% during the forecast period (2023-2028).  The discrete semiconductor market is driven by the increasing need to manage power across electronics and miniaturization. The reduction in package size is inversely proportional to power dissipation. For instance, NXP semiconductors achieved a 55% reduction in packaging size for their transistors range by retaining the same power performance. Additionally, Diodes Incorporated launched 40V-rated DMTH4008LFDFWQ and 60V-rated DMTH6016LFDFWQ automotive-compliant MOSFETs packaged in DFN2020.

Moreover, characteristics like safety, infotainment, navigation, and fuel efficiency in the automotive components, and security, automation, solid-state lighting, transportation, and energy management in industrial components are expected to fuel the market studied. For instance, an insulated gate bipolar transistor (IGBT) is an integral component in the EV power electronics system. IGBTs are expected to witness significant demand due to increasing sales of EVs globally. As per the IEA report, sales of electric cars globally reached 6.6 million in 2021. Electric cars accounted for 9% of global car sales. 

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