Pune, India, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The global automotive diode market size was valued at USD 10.48 billion in 2022 and is projected to expand from USD 10.90 billion in 2023 to USD 16.97 billion by 2030, demonstrating a strong CAGR of 6.53% over the forecast period. Automotive diodes play a critical role in safeguarding vehicle components from electrical current, and their increasing adoption is attributed to the rising demand for safety features in vehicles. This information is published in Fortune Business Insights™ research report titled " Automotive Diode Market Size, Share & COVID-19 Impact Analysis, By Type (Zener Diode, Rectifier Diode, Schottky Diode, Light Emitting Diode (LEDs), and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Application (Powertrain System, Lighting System, Infotainment System, Safety and Security System, and HVAC System), By Propulsion (ICE and Electric), and Regional Forecast, 2023–2030."
The report provides elaborate information regarding the automotive diode market trends, future prospects, growth drivers, regions, and obstacles. Besides these, it highlights all the segments of the market and states the leading ones separately. It further pin-points the competition dynamics to offer comprehensive data about the competitive edge.
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Why Should You Get the Sample Report?
- Gain insights into the market's current state and future projections.
- Understand the impact of the COVID-19 pandemic on Automotive Diode Market.
- Explore the latest Automotive Diode Industry trends and technologies driving the market.
- Learn about key factors driving market growth and potential challenges in Automotive Diode market.
- Stay informed about government policies and initiatives shaping the industry.
- Discover the top industry players and their strategies.
Report Highlights:
| Report Coverage | Details | |
| Forecast Period | 2023-2030 | |
| Forecast Period 2023 to 2030 CAGR | 6.53% | |
| 2030 Value Projection | USD 16.97 Billion | |
| Base Year | 2022 | |
| Market Size in 2022 | USD 10.48 Billion | |
| Historical Data for | 2019-2021 | |
| No. of Pages | 200 | |
Drivers & Restraints-
Rising Adoption of Electric Vehicles to Propel Market Growth
One of the major factors driving automotive diode market growth is the surging adoption of electric vehicles. E-mobility has gained immense traction in the automotive sector. Due to this transition, there is a high demand for in-vehicle diodes that can be used to tackle high-voltage applications in electric vehicles.
Despite such growth opportunities, the challenges associated with inventory management may hamper market growth.
COVID-19 Impact-
Disruptions in Automobile Production Hampered the Market Growth Amid the Pandemic
The COVID-19 pandemic had a negative impact on the automotive diode market on account of prolonged factory shutdowns that halted automobile production. Many automotive manufacturers were compelled to emphasize cost-saving measures and cut their spending on research and development activities.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/automotive-diode-market-108133
Segments:
Schottky Diodes to Gain Traction Owing to their Requirement for Battery Management
On the basis of type, the market is segmented into rectifier diode, zener diode, Light Emitting Diode (LEDs), Schottky diode, and others. The Schottky diode segment dominated the market in 2022. The surging need for Schottky diodes in battery management applications is leading to segment expansion.
Growing Number of On-road Vehicles to Increase Product Uptake
In terms of vehicle type, the market is divided into passenger cars and commercial vehicles. The passenger cars segment captured the largest market share in 2022 due to the surging number of on-road vehicles which has increased the demand for automotive diodes.
Powertrain System Application Dominated the Market Due to the Growing Development of Electric Vehicles
With respect to application, the market is categorized into infotainment systems, HVAC systems, powertrain systems, lighting systems, and safety and security systems. The powertrain system segment held the largest market share in 2022. Electric powertrains use diodes for various functions such as advanced electrical systems to manage power distribution, conversion, and control.
Deployment of Electronic Systems in ICE Vehicles to Escalate Market Growth
On the basis of propulsion, the market is classified into electric and ICE. The ICE segment dominated the market in 2022. The deployment of electronic systems, including sensors and ignition systems in ICEs, is contributing to segment growth.
From a regional perspective, the market is classified into the Asia Pacific, North America, Europe, and the Rest of the World.
Report Coverage-
The report gives an analysis of the major factors propelling the market growth over the forthcoming years. In addition, it highlights the key trends, restraining factors, and COVID-19 impact on the market growth. It further offers a comprehensive coverage of the major competitive strategies deployed by leading market players to expand their market hold.
Regional Insights-
Asia Pacific to Dominate the Market Owing to Rapid Urbanization
The Asia Pacific automotive diode market share is projected to witness significant growth over the forecast period. The regional growth can be attributed to rapid urbanization coupled with surging vehicle production. The growing production of vehicles has increased product uptake in the region.
The North American automotive diode market accounts for a considerable market share. Technology companies, automotive manufacturers, and electronic component suppliers in the region are collaborating with each other, which has boosted innovation in automotive diodes proliferating the regional growth.
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Competitive Landscape-
Prominent Companies Invest in Product Innovations to Expand their Product Portfolio
Notable market players are investing huge amounts into research and development activities to launch innovative products. Some other competitive strategies deployed by automotive diode manufacturers include partnerships, mergers and acquisitions, and others.
List of Key Players Covered in Automotive Diode Market Report:-
- Vishay Intertechnology, Inc. (U.S.)
- ON Semiconductor (U.S.)
- NXP Semiconductors N.V. (Netherlands)
- Diodes Incorporated (U.S.)
- Infineon Technologies AG (Germany)
- STMicroelectronics N.V. (Switzerland)
- ROHM Semiconductor (Japan)
- Toshiba Electronic Devices & Storage Corporation (Japan)
- Renesas Electronics Corporation (Japan)
- Nexperia (Netherlands)
- Skyworks Solutions, Inc. (U.S.)
Automotive Diode Market Segmentation:-
By Type
- Zener Diode
- Rectifier Diode
- Schottky Diode
- Light Emitting Diode (LEDs)
- Others
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Application
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
By Propulsion
- ICE
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
- Electric
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
Key Industry Development:
April 2023: Nexperia announced the launch of a 650 V Silicon Carbide (SiC) Schottky diode for use in the automotive industry. The 10 A, 650 V diode can be used in high current and voltage applications such as AC-DC, switched-mode power supplies, and others and allows a sustainable operation.
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Table of Contents:-
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Key Industry Developments - Mergers, Acquisitions & Partnerships
- Latest Technological Advancements
- Porters Five Forces Analysis
- Impact of COVID-19 Pandemic on Global Automotive Diode Market
- Global Automotive Diode Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Definition
- Market Analysis, Insights and Forecast - By Type
- Zener Diode
- Rectifier Diode
- Schottky Diode
- Light Emitting Diode (LEDs)
- Others
- Market Analysis, Insights and Forecast - By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Market Analysis, Insights and Forecast – by Application
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
- Market Analysis, Insights and Forecast - By Propulsion
- ICE
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- HVAC System
- Electric
- Powertrain System
- Lighting System
- Infotainment System
- Safety and Security System
- Market Analysis, Insights and Forecast - By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Toc Continued…….
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