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Based on type, the market is divided into bipolar junction transistors (BJTs), field-effect transistors (FETs), and high electron mobility transistors (HEMTs). The bipolar junction transistors (BJTs) segment is expected to register a CAGR of over 7% during the forecast period.
Based on end use, the market is divided into industrial, automotive, telecommunication, consumer electronics, others. The Industrial segment dominated the global market with a share of over 37% in 2023.
Asia Pacific dominated the global market in 2023, accounting for a share of over 43.5%. The small signal transistor market in the Asia-Pacific (APAC) region is experiencing significant growth and is poised to remain a key driver of the global market. APAC encompasses countries such as China, Japan, India, South Korea, and Taiwan, among others, which are major contributors to the electronics industry and semiconductor manufacturing. The semiconductor market in Taiwan is also growing due to support from the government. In April 2021, the National development fund announced that between 2021 and 2025, companies in Taiwan had planned USD 107 billion investment for the semiconductor industry's growth. The government is also assisting in developing new semiconductor technologies with funding support and talent recruitment programs. Moreover, China is witnessing multiple investments from companies such as TSMC, as well as local companies such as Huawei are entering into producing their chips as the US embargo has made it significantly difficult for Huawei to buy chips, so it has no other alternative but to develop the capability to manufacture for itself.