The global Zener Diodes market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. Further, the market generated a significant revenue in the year 2021. The market is estimated to grow on the back of rising demand of Zener diodes from its end user industry including consumer electronics, automotive and telecommunication industries. These industries are always looking for advanced diodes such as Zener diodes as voltage regulators to protect against over voltages. As per estimates, in 2021, the consumer electronics and appliance industry was valued around USD 9 billion and its valuation is projected to cross ~USD 20 billion by the end of 2025.
Source – Research Nester
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The global Zener diodes market is also estimated to witness growth on account of rising growth of semiconductor industry. As per data, China imports about ~USD 295 billion worth of semiconductors every year, of which more than 24% of sales are taken from the US market. Zener diodes has various features including low power consumption and high efficiency which make them more suited for various applications to different end user industries. In addition, business organizations are using Zener diodes for many research and development activities. Additionally, the increasing development and incorporation of advanced technologies in Zener Diode is expected to fuel the market growth in the coming years.
Rising of Global Manufacturing Hub – According to statistics, by the end of 2030, India's manufacturing hub could add over ~USD 490 billion to the global economy. Moreover, India has the potential to become a global manufacturing hub.
Growth of Automobile Industry – With the increased adoption of electric and hybrid vehicles along with various innovations like autonomous car technology, regenerative braking is surging demand for Zener diodes in the automotive industry. According to International Energy Agency (IEA), around 10% of global car sales were made up by the electric vehicle segment in 2021, which is about 4 times the market shares in 2019.
Increased Research & Development Expenditure - As per data by the World Bank, global research and development expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2021, up from 2.2% in 2018.
Increasing Government Support Through Various Schemes and Policies – According to statistics, in 2019, the Government of India launched the National Policy on Electronics (NPE), which aims to provide a turnover of around ~USD 390 billion in domestic manufacturing by the end of 2025.
Growth of Telecommunication Industry – The increasing trend of device miniaturization coupled with the continuous demand for Zener diodes for this purpose is anticipated to fuel the market growth in the coming years. According to the data, in India, around USD 11 billion was allocated to the Department of Telecommunications in the Union Budget for 2022-23.
The Zener diodes market is segmented and analyzed for demand and supply by type into through hole technology and surface mount technology. Out of these, through hole technology segment is anticipated to garner the largest market share over the forecast period, owing to the rising demand and adoption of through-hole Zener diodes in the consumer electronics. As per the data, in India, the estimated export of mobile phones in 2020-21 was around USD 3 billion and is projected to reach USD 52 billion by the end of 2026. Furthermore, the widespread adoption of mobile-electron-hole pairs in IC circuit integration is anticipated to be another contributing factor to drive the segment's growth in the coming years.
Regionally, the global Zener diodes market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the major share of United States in the exports of electronics and telecommunication goods. According to statistics, in 2019, the total export of electronics products from the United States was approximately ~USD 270 billion.
Further, the market in the Asia Pacific is estimated to register a fastest growth during the forecast period, owing to the rising expansion of automotive industry and increasing adoption of electric vehicles in the region. According to statistics, in 2021, about 2.7 million battery electric vehicles were produced in China, which is about 160% more than in 2020. The presence of key manufacturers along with low manufacturing cost of Zener diodes as compared to Europe is also estimated to propel the market growth in the region. Moreover, the progressive adoption of innovative product followed by the rising growth of semiconductor and IC manufacturing sector are collectively expected to boost the market growth in the APAC region.
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The global Zener diodes market is further classified on the basis of region as follows:
Our in-depth analysis of the global Zener diodes market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The continuous demand for Zener diodes from end-user industries such as telecommunications and automobiles are estimated to majorly boost the market growth.
The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2031.
Shortage in supply of Zener diodes along with associated design complexities are estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Diodes Incorporated, ROHM Co., Ltd., NXP Semiconductors N.V., Microsemi Corporation, Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), Torex Semiconductor Ltd and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The through hole technology segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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