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Zener Diodes Market size was valued at USD 837.24 million in 2024 and is likely to cross USD 1.74 billion by 2037, expanding at more than 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of zener diodes is estimated at USD 878.52 million.
The market is estimated to grow on the back of rising demand of Zener diodes from its end user industry including consumer electronics, automotive and telecommunication industries. These industries are always looking for advanced diodes such as Zener diodes as voltage regulators to protect against over voltages. As per estimates, in 2021, the consumer electronics and appliance industry was valued around USD 9 billion and its valuation is projected to cross ~USD 20 billion by the end of 2025.
The global Zener diodes market is also estimated to witness growth on account of rising growth of semiconductor industry. As per data, China imports about ~USD 295 billion worth of semiconductors every year, of which more than 24% of sales are taken from the US market. Zener diodes has various features including low power consumption and high efficiency which make them more suited for various applications to different end user industries. In addition, business organizations are using Zener diodes for many research and development activities. Additionally, the increasing development and incorporation of advanced technologies in Zener Diode is expected to fuel the market growth in the coming years.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 837.24 million |
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Forecast Year Market Size (2037) |
USD 1.74 billion |
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Regional Scope |
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The Zener diodes market is segmented and analyzed for demand and supply by type into through hole technology and surface mount technology. Out of these, through hole technology segment is anticipated to garner the largest market share over the forecast period, owing to the rising demand and adoption of through-hole Zener diodes in the consumer electronics. As per the data, in India, the estimated export of mobile phones in 2020-21 was around USD 3 billion and is projected to reach USD 52 billion by the end of 2026. Furthermore, the widespread adoption of mobile-electron-hole pairs in IC circuit integration is anticipated to be another contributing factor to drive the segment's growth in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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Regionally, the global Zener diodes market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America industry is poised to hold largest revenue share by 2037, accredited to major share of United States in the exports of electronics and telecommunication goods. According to statistics, in 2019, the total export of electronics products from the United States was approximately ~USD 270 billion.
Further, the market in the Asia Pacific is estimated to register a fastest growth during the forecast period, owing to the rising expansion of automotive industry and increasing adoption of electric vehicles in the region. According to statistics, in 2021, about 2.7 million battery electric vehicles were produced in China, which is about 160% more than in 2020. The presence of key manufacturers along with low manufacturing cost of Zener diodes as compared to Europe is also estimated to propel the market growth in the region. Moreover, the progressive adoption of innovative product followed by the rising growth of semiconductor and IC manufacturing sector are collectively expected to boost the market growth in the APAC region.
Renesas Electronics Corporation, a global market supplier of advanced semiconductor solutions, today launched a new power and functional safety solution for advance driver assistance systems automotive front camera and driver monitor cameras. The new solution includes a pre-regulator that is able to accept the vehicle's 12V supply and step it down to a supply voltage of 3.3V or 5.0V.
Diodes Incorporated, a market leader in delivering high quality semiconductor products, today launched a new low dropout regulator AP7353, which meets the need for voice regulation in noise-sensitive and battery-operated devices by offering a high-power supply rejection ratio in a small-packages.
Author Credits: Abhishek Verma
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