Schottky Diodes Market Size - By Type, By Application, By Material, By Voltage Rating, Forecast, 2024-2032

Schottky Diodes Market Size

The global schottky diodes market size was valued at USD 3.1 billion in 2023 and is expected to grow at a CAGR of over 6% between 2024 and 2032. As power efficiency becomes a critical consideration in the design of modern electronics, Schottky diodes are gaining popularity due to their low forward voltage drop and high switching speed. These characteristics make them ideal for applications in power management, voltage clamping, and rectification. The growing consumer demand for energy-efficient devices, such as smartphones, laptops, and other portable electronics, is driving the market for Schottky diodes, as they contribute to reducing power loss and improving overall device performance.
 

The Schottky diodes market continues to evolve with significant advancements in technology and product innovation. For instance, in April 2023, Nexperia launched a 650 V Silicon Carbide (SiC) Schottky diode specifically designed for power applications that demand ultra-high performance, low loss, and high efficiency. This 10 A, 650 V SiC Schottky diode is targeted at industrial-grade applications, addressing the challenges associated with high voltage and high current environments. Key applications include switched-mode power supplies, AC-DC and DC-DC converters, battery-charging infrastructure, uninterruptible power supplies, and photovoltaic inverters. The introduction of such advanced components underscores the growing demand for more efficient and sustainable power solutions, driving the market forward.
 

The automotive industry is undergoing a significant transformation with the integration of advanced electronic systems, especially in electric vehicles (EVs) and hybrid electric vehicles (HEVs). Schottky diodes are crucial components in these sophisticated systems, playing a key role in power conversion, battery management, and onboard chargers.
 

The surge in the EV market, fueled by global initiatives to cut carbon emissions and reduce reliance on fossil fuels, is substantially driving the demand for Schottky diodes. These diodes are favored for their high current handling capabilities and efficiency in power-sensitive automotive applications, making them indispensable for the evolving needs of modern vehicles.
 

The schottky diodes market faces competition from alternative technologies, such as super-junction MOSFETs and advanced silicon IGBTs, are also competing in some applications traditionally dominated by Schottky diodes. As a result, Schottky diode manufacturers are under pressure to innovate, either by incorporating WBG materials into their Schottky designs or by enhancing the performance of silicon-based Schottky diodes to maintain their market share in an increasingly competitive landscape.
 

Schottky Diodes Market Trends

The growing adoption of electric vehicles (EVs) and advanced automotive electronics is a significant trend in the schottky diodes industry. As the automotive industry shifts towards electrification, the demand for efficient power management solutions is increasing. Schottky diodes, with their low forward voltage drop and high efficiency, are critical components in power conversion systems, battery management, and onboard chargers in EVs and hybrid electric vehicles (HEVs). This trend is further accelerated by stringent emissions regulations and the global push for greener transportation solutions, making Schottky diodes indispensable in modern automotive applications.
 

The expansion of renewable energy sources, particularly solar power, is driving the demand for Schottky diodes. In photovoltaic (PV) systems, these diodes are used in blocking and bypass circuits to prevent power loss and protect solar panels from damage due to reverse currents. As the cost of solar technology continues to decrease and governments worldwide promote clean energy initiatives, the adoption of solar energy systems is expected to rise significantly. This increase in solar installations directly boosts the demand for Schottky diodes, which play a crucial role in enhancing the efficiency and reliability of these renewable energy systems.
 

The trend towards miniaturization in consumer electronics is driving innovation in the schottky diodes market. As electronic devices become smaller and more power-efficient, there is a growing need for components that offer high performance in compact packages. Schottky diodes are increasingly being integrated into power management circuits, voltage regulators, and LED drivers in smartphones, tablets, wearable devices, and other consumer electronics.
 

Advances in semiconductor manufacturing techniques are enabling the production of smaller, more efficient Schottky diodes, meeting the demand for high-performance components in the rapidly evolving consumer electronics market. This trend is expected to continue as the Internet of Things (IoT) and smart devices proliferate, further driving market growth.
 

Schottky Diodes Market Analysis

Based on material, the market is divided into silicon Schottky diodes, silicon carbide (SiC) Schottky diodes, gallium nitride (GaN) Schottky diodes, and others. The silicon carbide (SiC) Schottky diodes segment is expected to register a CAGR of over 7.5% over the forecast period.
 

• Silicon Carbide (SiC) Schottky diodes represent a high-performance segment in the Schottky diodes market, characterized by their superior efficiency and thermal conductivity compared to traditional silicon-based diodes.
   
• SiC Schottky diodes are designed to operate at higher voltages, temperatures, and frequencies, making them ideal for demanding applications in power electronics, electric vehicles (EVs), and renewable energy systems. Their ability to reduce switching losses and improve overall system efficiency is particularly valuable in high-power environments, such as inverters, power supplies, and motor drives.
   
• The growing adoption of SiC technology, driven by the need for more efficient and compact power solutions, positions SiC Schottky diodes as a critical component in next-generation electronic systems.
   

Based on voltage rating, the schottky diodes market is divided into low voltage Schottky diodes (up to 100V), medium voltage Schottky diodes (101V - 200V), high voltage Schottky diodes (above 200V). The low voltage Schottky diodes (up to 100V) segment is projected to account for the largest share in the global market with a revenue of over USD 2 billion in 2032.
 

• Low voltage Schottky diodes, typically rated up to 100V, are a specialized segment within the Schottky diodes market, designed for applications requiring low power consumption and efficient voltage regulation. These diodes are commonly used in low-voltage power supplies, battery-operated devices, and voltage clamping circuits, where their low forward voltage drop significantly reduces power loss and improves overall efficiency.
   
• The market for low voltage Schottky diodes is driven by the growing demand for portable and wearable electronics, as well as the increasing adoption of energy-efficient devices in the consumer and industrial sectors.
   
• Additionally, the proliferation of IoT devices, which often operate at low voltages, is further fueling the demand for these diodes, making them a crucial component in modern electronic systems that prioritize energy conservation and compact design.
   

Asia-Pacific dominated the global schottky diodes market in 2023, accounting for a share of over 35%, driven by its robust electronics manufacturing industry and rapid technological advancements. Countries like China, Japan, and South Korea are at the forefront of semiconductor production, with a strong focus on innovation and miniaturization. The region's leadership in consumer electronics, automotive, and telecommunications sectors creates significant demand for Schottky diodes, which are essential for improving energy efficiency and device performance.
 

Additionally, the growing adoption of electric vehicles (EVs) and renewable energy systems, particularly solar power, is further fueling the demand for these diodes. With supportive government policies and substantial investments in research and development, the Asia-Pacific region is expected to maintain its leading position in the market.
 

The United States is a key player in the schottky diodes market, driven by its leadership in technology and innovation. The country’s robust semiconductor industry, coupled with significant investments in research and development, fuels the demand for Schottky diodes in various applications, including automotive electronics, telecommunications, and consumer electronics.
 

The U.S. is also a major market for electric vehicles (EVs), with increasing adoption driven by environmental regulations and consumer demand for energy-efficient transportation. Schottky diodes are crucial components in EV power management systems, and their demand is expected to grow as the U.S. continues to lead in EV adoption. Additionally, the expansion of 5G infrastructure and the growth of IoT devices further boost the market for Schottky diodes in the United States.
 

Japan is a leading market for Schottky diodes, supported by its advanced semiconductor industry and strong focus on innovation. Japanese companies are at the forefront of developing high-performance Schottky diodes, driven by the country's leadership in consumer electronics, automotive technology, and industrial automation. Japan's automotive industry, particularly in electric and hybrid vehicles, relies heavily on Schottky diodes for efficient power management and conversion.
 

Additionally, Japan's commitment to renewable energy, particularly solar power, is driving demand for Schottky diodes in photovoltaic (PV) systems. With its emphasis on technological advancement and energy efficiency, Japan continues to be a critical market for Schottky diodes.
 

The Schottky diodes market is witnessing rapid advancements as leading manufacturers introduce next-generation products. For instance, in July 2023, Toshiba Electronic Devices & Storage Corporation (“Toshiba”) launched the "TRSxxx65H series," marking the company's third generation of silicon carbide (SiC) Schottky barrier diodes (SBDs) tailored for industrial equipment. This new series includes 12 products, all rated at 650V, with seven housed in TO-220-2L packages and five in DFN8×8 packages.
 

The products leverage a new metal in a third-generation SiC SBD chip, optimizing the junction barrier Schottky (JBS) structure from their second-generation counterparts. This innovation is set to enhance performance in high-voltage, high-efficiency applications, reinforcing Toshiba's position as a key player in the market.
 

China is a dominant force in the global Schottky diodes market, driven by its massive electronics manufacturing base and rapid technological advancements. As the world's largest producer of consumer electronics, China generates significant demand for Schottky diodes in applications ranging from smartphones and laptops to home appliances.
 

The country is also a major player in the electric vehicle (EV) market, with strong government support for EV adoption and infrastructure development. Schottky diodes are essential components in EV power electronics, and their demand in China is expected to grow in line with the expanding EV market. Additionally, China's push towards renewable energy, particularly solar power, further boosts the demand for Schottky diodes in the region.
 

South Korea is a key market for Schottky diodes, underpinned by its advanced semiconductor industry and leadership in consumer electronics and telecommunications. South Korean companies are leaders in the development of high-efficiency Schottky diodes, which are widely used in smartphones, laptops, and other portable devices.
 

The country's strong focus on 5G technology and IoT applications is also driving demand for Schottky diodes in high-frequency and low-power circuits. Additionally, South Korea's automotive industry, particularly in electric vehicles (EVs), is adopting Schottky diodes for efficient power management and conversion. With its technological expertise and innovation-driven economy, South Korea is a significant market for Schottky diodes.
 

Schottky Diodes Market Share

Hitachi Power Semiconductor Device Ltd. and Microchip Technology Inc. are among the key players in the schottky diodes industry. Hitachi Power Semiconductor Device Ltd. is a key player in the Schottky diodes market due to its strong focus on innovation and high-quality manufacturing processes. The company leverages its extensive experience in power semiconductor technology to produce Schottky diodes with superior performance characteristics, such as low forward voltage drop and high efficiency.
 

Hitachi's commitment to research and development allows it to continuously improve its product offerings, catering to the evolving demands of industries like automotive, industrial, and renewable energy. Additionally, Hitachi's global reach and strong customer relationships enable it to maintain a competitive edge in the market by providing tailored solutions that meet specific application needs.
 

Microchip Technology Inc. is a prominent player in the Schottky diodes market, known for its comprehensive portfolio of semiconductor solutions that cater to a wide range of applications. The company's Schottky diodes are widely recognized for their reliability and efficiency, making them ideal for use in power management, signal processing, and high-frequency applications.
 

Microchip's strength lies in its ability to integrate its Schottky diodes with its broader range of microcontrollers, analog devices, and other semiconductors, providing customers with complete, optimized solutions. Furthermore, Microchip's focus on innovation and customer support, coupled with its global distribution network, ensures that it remains a key player in the rapidly growing market size.
 

Schottky Diodes Market Companies

Major players operating in the schottky diodes industry are:

• Hitachi Power Semiconductor Device, Ltd.
• Microchip Technology Inc.
• NXP Semiconductors N.V.
• Renesas Electronics Corporation
• STMicroelectronics N.V.
• Texas Instruments Incorporated
   

Schottky Diodes Industry News

• In March 2024, Diodes Incorporated announces its SDT2U30CP3 (30V/2A), SDT2U40CP3 (40V/2A), and SDT2U60CP3 (60V/2A) achieve the industry’s highest current densities in their class with low forward voltage drop and thermal resistance addressing design challenges for smaller and more efficient portable, mobile, and wearable devices. This series of innovative high-current trench Schottky rectifiers are housed in a chip-scale package (CSP) that occupies only 0.84mm² board space. They can be employed for a variety of different purposes, serving as blocking or reverse-polarity protection diodes, boost diodes, and switching diodes.
   
• In May 2023, Vishay Intertechnology, Inc. introduced 17 new Gen 3 650 V silicon carbide (SiC) Schottky diodes. Featuring a merged PIN Schottky (MPS) design, the Vishay Semiconductors devices combine high surge current robustness with low forward voltage drop, capacitive charge, and reverse leakage current to increase efficiency and reliability in switching power designs. The next-generation SiC diodes released consist of 4 A to 40 A devices in the TO-22OAC 2L and TO-247AD 3L through-hole and D2PAK 2L (TO-263AB 2L) surface-mount packages.
   

The schottky diodes market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD million) from 2021 to 2032, for the following segments:

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Market, By Type

• Standard schottky diodes
• Schottky barrier rectifiers
• Schottky power diodes
• Schottky transistors
• Others

Market, By Voltage Rating

• Low voltage schottky diodes (up to 100V)
• Medium voltage schottky diodes (101V – 200V)
• High voltage schottky diodes (above 200V)

Market, By Material

• Silicon schottky diodes
• Silicon carbide (SiC) schottky diodes
• Gallium nitride (GaN) schottky diodes
• Others

Market, By Application

• Consumer electronics
• Automotive
• Industrial
• Telecommunications
• Computing
• Power supply
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA