Europe Semiconductor Diode Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Semiconductor Diode Market Analysis
Europe's semiconductor diode market was valued at USD 695.7 million and is expected to register a CAGR of 2.1% during the forecast period to become USD 771.88 million by the next five years.
- The electronics applications in medical, consumer, industrial, and automobile are increasing rapidly. It is further driving the diodes market in the region to grow. According to IBISWorld, in 2022, the proportions of consumer electronics manufacturing in the United Kingdom amounted to GBP 622 million (USD 857.16 million), and by 2023, it is forecast to reach over GBP 632 million (USD 871.36 million).
- Diodes are used in a few applications, such as voltage regulation, surge protection, switching, and power conversion. One of the significant benefits of using diodes is their ability to protect electrical circuits from damage primarily due to short circuits, overcurrent, and overvoltage. For instance, in April 2022, Osram Licht AG introduced a green laser diode for multiple applications, such as leveling, scanning, and dot projection. It is a 20 mW peak-output edge-emitting laser with a spectral bandwidth of 2 nm and a peak wavelength of 520 nm.
- Furthermore, the miniaturization of electronic products is ensuing across consumer electronics segments. Minimal size with minimum power consumption and ultimate power delivery is the motive of all electronic manufacturers. Due to this, the need for innovative and customized diodes is increasing.
- The growing demand for smartphones with various functions, such as phones that can be used as an MP3 player, FM radio, memo recorder, MP4 player, handheld TV, camera, or even a projector, is advancing. This increased number of signals has raised the requirement for signal-routing solutions. These solutions require diodes with smaller sizes and higher functionality, allowing mobile phone designers to continue making for smaller form factors while providing enhanced design features. This technological need is driving the diodes market to grow.
- According to Ericsson, the number of smartphone subscriptions in Western Europe is estimated to reach 439 million by 2027. There were approximately 418.78 million smartphone subscriptions in Western Europe as of 2022.
- In Germany, more than 80% of the companies are estimated to witness a high level of digitization along their value chain by 2025. In addition, 20% of companies already consider themselves highly digitized. Among the leaders in digitization in the automotive industry, which helps to increase the use of electronic devices like laptops, remote control systems, etc., may further propel the studied market growth.
- Some key players operating in the market are evolving partnerships and acquisitions to stay competitive. In January 2022, the UK Research Initiative (UKRI) announced that in collaboration with American universities Harvard and MIT and UK universities Strathclyde and Bath (VLC), the University of Sheffield would lead a unique USD 2.44 million project to advance the technology to the next generation of microdisplays and visual light communication in the near future.
- Moreover, the complexity associated with the design of semiconductor diodes can hinder the market's growth. Further, factors such as manufacturing cost and functional reliability issues are also expected to slow the market's growth for the small signal diode, Zener Diode, and Schottky Diode, among others, in the coming years.
- Furthermore, COVID-19 negatively impacted the region's diodes market as it heavily impacted the supply chain and workforce of the market value chain. Due to the pandemic, most companies delayed their hardware upgrades and other long-term migration projects. This hindered the growth of diodes' requirements. Furthermore, the market is expected to grow in the forecasted period as the region's consumer electronics, communication, and automotive industries are increasing.
Europe Semiconductor Diode Market Trends
Small Signal Diode Holding Significant Market Growth
- The small-signal diode has a high switching speed with a fast recovery time. Many electronic systems use small signal diodes, which are AC (continuously changing) signals or pulses with amplitudes of a few volts, millivolts, or even microvolts. Radio, audio, video, and digital signals are employed in the household, industrial equipment, automobile, aeronautic, and musical systems.
- Further, small signal diodes are available in wire-ended and surface-mount (SMT) designs. They vary from rectifier diodes and have smaller junction areas, resulting in junction-less capacitance, making them more useful at higher frequencies. Small signal diodes with enormous speeds are often known as switching diodes. They are smaller and have lower maximum reverse voltage specifications than dedicated power rectifiers.
- For instance, in February 2022, Toshiba Electronic Devices & Storage Corporation launched DF2B6M4BSL, an ultra-low capacitance TVS diode for high-frequency antennas. The diode protects semiconductors and electronic elements from static electricity and noise while stopping signal deterioration.
- The rapid deployment of 5G networks, coupled with the increasing Internet of Things applications for devices, such as assisted driving and vehicle-to-everything (V2X) communication for smart transport, is expected to increase the demand for small signal diodes. According to Ericsson, the number of mobile 5G subscriptions in Western Europe reached 60.45 million in 2022 and is forecasted to reach 438.01 million by 2027.
- Furthermore, according to Ofcom, the smartphone penetration rate in the United Kingdom increased each year, reaching an overall figure of 93% in 2022. In the surveyed study, the methodology was adjusted starting from 2016 to better categorize respondents aged 55 and above. Notably, there has been a noticeable increase in the rate of cellphone ownership among this age group. Such expansion in electronics across the region may further propel demand in the studied market.
Automotive Sector to Experience Significant Market Growth
- In automobiles, diodes are used to connect solenoids. When the B+ is turned off, the coil's magnetic area collapses, including the current flow in the coil. The current passes through the diode as the current is in the same direction as the diode arrow was earlier, blocking the B+. This current flow induced in the coil's electric field authorizes it to collapse.
- The ECM is protected from damage, and no spark is produced. As a significant semiconductor company manufacturer, NXP has developed a Programmable solenoid controller PT2000 which will be used in automotive (12 V), truck, and industrial (24 V) power trains. This system uses diodes for the device's smooth functioning and flexible procedure.
- Increasing demand for electric vehicles (EVs) is also boosting the market growth of diodes. Different types of diodes are used in the manufacturing process of EVs.
- According to Federal Motor Transport Authority (German: Kraftfahrt-Bundesamt (KBA)), the number of the latest electric cars registered in Germany has grown significantly in recent years. In 2022, 470,559 new electric vehicles were registered, an increase from the previous year. The number of all-electric cars operating in Germany increased over the past decade. It soared to new heights recently when more than 300,000 battery electric vehicles were registered in Germany.
- Further, the battery is unplugged during the switching or powering of inductive loads in automobiles to avoid undesirable spikes or transients. If not addressed, these transients would be reproduced along the power line, inducing individual electronics and sensors to malfunction or permanently destroy the vehicle's electrical system, compromising overall reliability. As a result, TVS diodes are becoming more popular because they can protect sensitive electronics from transients caused by load dumps and other transient voltage occurrences.
- For instance, in April 2022, Vishay Intertechnology, Inc. announced its product lineup for PCIM Europe 2022, a trade fair and conference for power electronics, energy management, and intelligent drive technology. To increase power density and efficiency in automotive applications, Vishay showcased diodes, including AEC-Q101 qualified 60 V, 100 V, and 150 V TMBS Gen 3 rectifiers in the eSMP series and TO-247AD 3L packages and many others. The Vishay booth at PCIM also features several reference designs for automotive and industrial applications, including 48 V and 800 V battery safety switches, a 48 V / 12 V DC/DC converter capable of handling up to 3 kW, and an intelligent battery sensor for hybrid vehicle applications.
- Various players across the region are developing new products for automotive applications. For instance, Infineon Technologies AG and Robert Bosch GmbH have recently launched a unique ultra-low-loss diode called active rectifying diode for lightweight vehicle generators. It increases generator efficiency by up to 8% compared to conventional power conversion methods. It facilitates generators to qualify as eco-innovations as defined by the European Union. Deploying the new diode can reduce the CO2 emissions of a car by up to 1.8g/km. Since it can replace ordinary devices one-to-one, the active rectifying diode can easily be applied to generators and vehicles already in series production.
- Furthermore, the number of electronic car systems has increased significantly over time. Thus, in applications such as battery management, safety systems, lighting, and others, the need for protection to limit interference and potential defeats emerges, which may be avoided with zener diodes. As a result, the use of zener diodes in this business has increased significantly.
Europe Semiconductor Diode Industry Overview
Europe Semiconductor Diode Market is favorably competitive, owing to the presence of different small and large players across the region. The key players are involved in product development, expansion, partnerships, acquisitions, and mergers, among others, to have a competitive edge over others.
In June- 2022, Vishay Intertechnology, Inc. introduced three new series of 24 V surface-mount XClampR transient voltage suppressors (TVS) with peak pulse power dissipation equivalent to 7 kW of conventional TVS at 10/1000 s in the SMC (DO-214AB) package and 10/10 000 s in the DO-218AB package. For automotive, telecom, and industrial applications, the bidirectional devices deliver high power density over a wide operating temperature range of -55 °C to +175 °C.
In May 2022, Infineon Technologies AG announced its expanded CoolSiC portfolio with high-voltage solutions to deliver the foundation for next-generation photovoltaic, electric vehicle charging, and energy storage systems. The extended CoolSiC portfolio offers 2 kV silicon carbide (SiC) MOSFETs and a 2kV SiC diode for up to 1500 V DC applications.
Europe Semiconductor Diode Market Leaders
Hitachi Power Semiconductor Device Ltd
Infineon Technologies AG
NXP Semiconductors NV
Central Semiconductor Corp.
ON Semiconductor Corp.
*Disclaimer: Major Players sorted in no particular order
Europe Semiconductor Diode Market News
- May 2023: Mitsubishi Electric announced it would begin shipping samples of the latest Schottky barrier diode embedded silicon carbide (SiC) metal-oxide-semiconductor field-effect transistor module featuring a dual-type 3.3 kV withstand voltage and 6.0 kVrms dielectric strength. The new module is anticipated to support superior power, efficiency, and reliability in inverter systems for extensive industrial equipment such as railways and electric power systems.
- May 2022: Power Technology, a player in the photonics enterprise for more than 50 years, launched a unique high-power laser diode module at 532nm for original equipment manufacturer (OEM) applications. This latest module offers more stable semiconductor alternatives to DPSS lasers at nearly 1W output power.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Advance Electronic Devices
5.1.2 Miniaturization of Discrete Electronic Products
5.2 Market Challenges
5.2.1 Matching Required Price Point of Diodes With All Desired Specifications
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Zener Diodes
6.1.2 Schottky Diodes
6.1.3 Laser Diodes
6.1.4 Light Emitting Diode
6.1.5 Small Signal Diode
6.1.6 Other Types
6.2 By End-User Industry
6.2.1 Communications
6.2.2 Consumer Electronics
6.2.3 Automotive
6.2.4 Computer and Computer Peripherals
6.2.5 Other End-User Industries
6.3 By Geography
6.3.1 United Kingdom
6.3.2 Germany
6.3.3 France
6.3.4 Rest of the Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Hitachi Power Semiconductor Device Ltd
7.1.2 Infineon Technologies AG
7.1.3 NXP Semiconductors NV
7.1.4 Central Semiconductor Corp.
7.1.5 ON Semiconductor Corp.
7.1.6 Mitsubishi Electric Corporation
7.1.7 Renesas Electronics Corp.
7.1.8 ROHM Co. Ltd
7.1.9 Vishay Intertechnology Inc.
7.1.10 Microsemi
7.1.11 Toshiba Electronic Devices & Storage Corporation
7.1.12 Littelfuse Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Semiconductor Diode Industry Segmentation
Semiconductor diodes are diodes that are composed of semiconducting materials. A diode is acting as a one-way current switch. It authorizes current to flow easily in one direction but severely restricts current from flowing in the opposite direction.
The Europe semiconductor diode market is segmented by various types such as Zener diodes, Schottky diodes, laser diodes, light emitting diodes, small signal diodes, and other types among end-user industries such as communications, consumer electronics, automotive, computer and computer peripherals, and other end-user industries in multiple countries.
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Type | |
| Zener Diodes | |
| Schottky Diodes | |
| Laser Diodes | |
| Light Emitting Diode | |
| Small Signal Diode | |
| Other Types |
| By End-User Industry | |
| Communications | |
| Consumer Electronics | |
| Automotive | |
| Computer and Computer Peripherals | |
| Other End-User Industries |
| By Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Rest of the Europe |
Frequently Asked Questions
What is the current Europe Semiconductor Diode Market size?
The Europe Semiconductor Diode Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in Europe Semiconductor Diode Market?
Hitachi Power Semiconductor Device Ltd, Infineon Technologies AG, NXP Semiconductors NV, Central Semiconductor Corp. and ON Semiconductor Corp. are the major companies operating in the Europe Semiconductor Diode Market.
What years does this Europe Semiconductor Diode Market cover?
The report covers the Europe Semiconductor Diode Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Semiconductor Diode Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Semiconductor Diode Industry Report
Statistics for the 2024 Europe Semiconductor Diode market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Semiconductor Diode analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
