Zener Diode Market trends:
Demand for power dissipation and comprehensive packaging range for consumer electronics are the factors considered to pose as trends in the market. Other trends in the market include high-density circuit characterization and designs suitable for voltage regulations created by manufacturers and effective protection of circuit needs with improvement in miniaturization and customization. In addition, improvements in narrow working voltage tolerances are the key supporting factors considered to drive the growth in the market.
According to NXP Semiconductors, Zener Diode Market is expected to dominate the Electronics and Semiconductors industry along with consumer electronics and automotive industries during the forecast period owing to chain of products available in the market and flexible Zener Diode designs along with improving standards of manufacturing. According to Sales experts, sales are expected to reach approximately 600 million units worldwide during the forecast period owing to the wide range of working voltages offered by Zener diode.
North America is the dominating region in the market owing to well-established the infrastructure of semiconductor and IC production and supply chain management in the region with the growing inclination of manufacturers towards integrated device manufacturing technology. Moreover, rising adoption towards development in efficient Zener diodes in the region is the key supporting factor considered to drive the growth of the region. APAC market is expected to register a CAGR of approximately 8% owing to increasing investment of key players in the region along with increasing demand for mass production of chips and semiconductors and exponentially growing consumer electronics sector. European regional market is expected to boost during the forecast period owing to increasing economic growth in the region. Germany, UK, and France are the dominating countries in the region expected to register a CAGR of approximately 5% during the forecast period owing to the well-established semiconductors industry in the region and increasing transportation capabilities in the regional market.
In a recent research report by Maximize Market Research, the Zener Diode Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of Zener Diode during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of three major segments and further into sub-segments, Product Type (surface mount and through hole), Application (computing, telecommunication, Consumer electronics, automotive and electronics), and by Distribution Channel (offline and online) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Diodes Incorporated, Vishay Intertechnology, Inc., ROHM Semiconductor, Toshiba, Microsemi Corporation, NXP Semiconductors, ON Semiconductors, Torex Semiconductor, Comchip Technology Co. Ltd., Suzhou Good Ark Electronics Co. Ltd., Anova Technologies, Micro Commercial Components Corporation, Bourns, Inc., Renesas Electronics Corporation, Guangdong Kexin Electronics Co. Ltd., Mouser Electronics
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Zener Diode Market.”
https://www.maximizemarketresearch.com/market-report/global-zener-diode-market/109832/
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