From the period of 2022 to 2028, the Global Power Schottky Diode Market is expected to reach USD Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 5.2%.
A Power Schottky Diode is a type of diode used to convert alternating current (AC) to direct current (DC). Low power consumption, better integration, downsizing, and compact packaging are some of the primary qualities of power Schottky diodes that tend to promote their market expansion around the world. All of these characteristics, when combined with the creation of high-power Schottky diodes, have applications in a variety of industries, including automotive, electronics, and communications. Furthermore, the desire for a consistent DC supply for a large number of electronic devices, such as mobile chargers, laptops, Bluetooth speakers, inverters, and many others, will drive the market for power Schottky diodes. The expansion of the Power Schottky Diode Market is fueled by increased industrialization, continual improvements, a quick increase in diode applications, and widespread use of gadgets in developing nations such as India, China, and others. The high production cost of power diodes, low reverse voltage, and high reverse leakage current are some of the restraining factors limiting the growth of the Power Schottky Diode Market.
Key Highlights from the Report
- On the basis of Product Type, the market is segmented into Lead type and Surface mount package. The distinct segments' growth helps you gain an understanding of the many growth variables that are likely to be widespread throughout the industry and build different strategies to help discover primary application areas and differences in your target markets.
- On the basis of Industry Vertical, the market is segmented into Consumer Electronics, Telecommunication, Automotive, and Others. The telecommunication and Automotive Industries are expected to grow at the highest rate. The forward voltage drops of a Power Schottky Diode is lower than that of a conventional diode. As a result, there is less waste of energy. Power Schottky diodes provide higher efficiency, lower capacitance, and a low-profile surface-mount bundle, all of which contribute to their popularity in the market. A continuous DC current source is required for the functioning of electronic devices used in the telecommunications and automotive industries, which is provided by a power Schottky diode. As a result, market demand for power Schottky diodes is predicted to increase.
- Asia Pacific is the fastest regional segment in terms of growth. The power diode market is dominated by developing regions such as China, Japan, India, and other Asian countries. Furthermore, as the adoption of advanced driver assistance systems grows, so does the demand for semiconductors in the automobile industry, creating market potential. Furthermore, power diode manufacturers are also offering new and updated Schottky diodes to improve electric vehicle charging efficiency. In addition, new items are released as improvements to old products. Rapid growth and proliferation of household, industrial, medical, and automotive electronics, as well as innovation in chip design and semi-conductor production, are some of the causes driving power diode adoption. The primary factors that lead to market expansion in Asia-Pacific are rapid urbanization and rising infrastructure activities.
The Surge in Demand for Power Schottky Diode in The Telecommunication and Automotive Industries
When compared to a regular diode, the Power Schottky Diode has a reduced forward voltage drop. As a result, there is a reduction in energy waste. Power Schottky diodes offer better efficiency, lower capacitance, and a low-profile surface-mount bundle, all of which contribute to the market's desire for them. The operation of electronic devices used in the telecommunications and automotive industries requires a continuous DC current source, which is provided by a power Schottky diode. As a result, this factor is expected to boost market demand for power Schottky diodes.
Leading companies are developing new products and expanding existing product portfolio
High integration, miniaturization, low power consumption, and small packaging aid in the development of automotive and electronics, and communications components. Leading companies are developing new goods and expanding their existing product portfolios to address the growing need for better gadgets across many industries. Furthermore, in order to boost power diode sales, major market players are focusing on releasing advanced products that would help the industry develop. For example, Diodes Incorporated, a major producer and manufacturer of high-quality application products, has introduced the Schottky diodes SDT series, which, using an enhanced deep trench technique, gives an outstanding performance at a comparable cost to the Schottky diodes planar-type.
Over the projection period, North America is expected to have tremendous growth. Because of the rapid growth of electronics, unique developments, and the expansion of end-use industries within the region, North America dominates and is predicted to grow substantially in the Schottky diode market during the forecast period of 2021 to 2028.