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Schottky Diodes Market Trends

Report ID: GMI11658
Published Date: Oct 2024
Report Format: PDF

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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.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of schottky diodes reached USD 3.1 billion in 2023 and is set to grow at a CAGR of over 6% from 2024 to 2032, driven by increasing demand for power-efficient electronics.

The silicon carbide (SiC) Schottky diodes segment is expected to register a CAGR of over 7.5% over the forecast period, led by their superior efficiency and thermal conductivity compared to traditional silicon-based diodes.

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.

Asia-Pacific dominated the global market in 2023, accounting for a share of over 35%, driven by its robust electronics manufacturing industry and rapid technological advancements.

Major players in the industry include Hitachi Power Semiconductor Device, Ltd., Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, STMicroelectronics N.V., and Texas Instruments Incorporated.