Zener Diodes Market Share

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.