Zener Diodes Market Size

Zener Diodes Market size was over USD 791.34 million in 2023 and is expected to exceed USD 1.64 billion by the end of 2036, witnessing over 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of zener diodes is evaluated at USD 828.06 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.