Diodes Market size is set to grow by USD 1.32 bn from 2024-2028

The global diodes market size is estimated to grow by USD 1.32 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.67% during the forecast period.

The diodes market encompasses high-performance semiconductor components, notably wide-bandgap types such as silicon carbide (SiC) and gallium nitride (GaN). These advanced diodes offer enhanced capabilities for surge protection, voltage regulation, and power conversion in various electronics applications. In high-power and high-voltage sectors like medical equipment, automobiles, and industrial equipment, SiC diodes excel due to their superior breakdown voltages, lower on-state resistance, and faster switching speeds. GaN diodes also exhibit these advantages, along with the ability to operate at higher temperatures. These innovations contribute to the development of smaller, more functional electronic products with improved power efficiency and delivery.

In the diodes market, miniaturization is a significant trend, leading to smaller, high-functionality electronic products such as mobile phones, FM radios, MP3 and MP4 players, handheld TVs, memo recorders, cameras, projectors, and signal routing solutions. This shrinking form factor necessitates innovative, customized diodes for efficient power management and low power consumption. Effective power management mitigates thermal concerns, ensuring signal integrity and maintaining performance. Diodes find extensive applications in electronics, including surge protection, voltage regulation, switching, and power conversion, in various industries like medical, consumer, automobile, and more.
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