Schottky Rectifier Diode Market Size, Share, Growth, and Industry Analysis, By Type (Si SBD, SiC SBD & Others), By Application (Automotive and Transportation, Energy and Power Grid, Consumer, Industrial Applications, Telecommunications, Avionics, Military and Medical & Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

REPORT OVERVIEW

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The global schottky rectifier diode market size was USD 1167.8 Million in 2022. As per our research, the market is expected to reach USD1601.1 Million in 2028, exhibiting a CAGR of 5.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with schottky rectifier diode industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A popular semiconductor diode used in electronics for rectification is the Schottky rectifier diode. It bears the name of Walter H. Schottky, a physicist who initially identified the phenomenon in the 1930s. Schottky diodes use a metal-semiconductor connection as opposed to traditional PN junction diodes, which produce lower voltage drops and faster switching speeds. Schottky diodes are utilized in applications where efficiency and speed are crucial, such as power supply, voltage clamping, and high-frequency circuits, because of their low forward voltage drop. The Schottky diode's minimal forward voltage drop is one of its distinguishing characteristics.

Accordingly, compared to a typical diode, there is a smaller voltage drop when current travels through the diode in the forward direction (from metal to semiconductor). As a result, efficiency is improved and less energy is lost. Due to the special way that it is made, the Schottky diode switches on and off quickly. It is possible to flip between the on and off states more quickly without a depletion region, which is frequent in PN junction diodes. Schottky diodes are suitable for high-frequency applications due to this characteristic.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

Manufacturers of semiconductors and electronics experienced issues as a result of the COVID-19 outbreak, including unstable markets, a decline in consumer confidence, and issues with import and export trade. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, labels, and other items has become challenging as a result of lockdowns. The markets for semiconductors were affected financially in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. To address this urgent situation, manufacturers of semiconductors and electronics are focusing on securing their staff, operational procedures, and supply chains. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall semiconductors and electronics industry. This has partially impacted the schottky rectifier diode industry.

LATEST TRENDS

"Energy Efficiency to Boost the Market Growth"

The increased demand for energy efficiency in the Schottky rectifier diode industry is driven by the need to optimize power management and reduce losses in various electronic applications.  Comparing Schottky diodes to traditional PN junction diodes, the former has a lower forward voltage drop. Reduced power losses during conduction as a result of this characteristic boosts the overall efficiency of power conversion circuits. Schottky diodes have quick switching times because of their quick reverse recovery. They are excellent for high-frequency applications thanks to this characteristic because sustaining efficiency requires low switching losses. Fast switching and low forward voltage drop work together to reduce heat dissipation in power circuits. Thus, a key trend that is opening up potential for the industry to grow is the increasing energy efficiency. These new developments are mostly to blame for the market's overall growth.

SEGMENTATION

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• By Types 

Based on type, the market is classified into Si SBD, SiC SBD & Others.

• By Application

Based on the market is categorized into Automotive and Transportation, Energy and Power Grid, Consumer, Industrial Applications, Telecommunications, Avionics, Military and Medical & Others.

DRIVING FACTORS

"Consumer Electronics Gives Market the Extra Boost"

The rise in consumer electronics is a key factor which had a significant impact on the Schottky rectifier diode industry. Modern life is now completely dependent on consumer electronics products, which now include everything from laptops and cellphones to wearable technology and game consoles. Battery power is frequently used by consumer electronics gadgets, so extending battery life is essential. The low forward voltage drop of Schottky diodes reduces power losses during charging and discharging, resulting in extended battery life and increased device efficiency. A common feature in many consumer electronics products is rapid charging. Due to the quick switching rates of Schottky diodes, power is transferred effectively during charging cycles, allowing devices to charge more quickly without producing a lot of heat. All these factors enhance the sales of the market. As a result, the growth, and the rise in consumer electronics will boost the market. It will contribute to the expansion of the semiconductor & electronic industry and it will improve the overall schottky rectifier diode market growth.

"Wide Bandgap to Encourage Market Expansion"

The adoption of wide bandgap materials, such as silicon carbide (SiC) and gallium nitride (GaN), in the Schottky rectifier diode has been a significant factor. In comparison to conventional silicon-based materials, these materials have specific advantages that boost performance and efficiency across a range of applications. Compared to silicon, SiC and GaN materials have larger bandgaps, enabling them to function at greater temperatures and voltages. Reduced conduction losses as a result allow for improved rectification and power conversion efficiency. In comparison to silicon diodes, SiC and GaN diodes have quicker switching rates and reduced switching losses. This characteristic is particularly helpful in high-frequency applications, where lower switching losses increase system efficiency as a whole. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Costs to Impede Market Expansion"

The market is being hampered by excessive costs. The cost of manufacturing, the cost of raw materials, and production efficiency all have an impact on the price of Schottky diodes. Higher production costs have an effect on their ability to compete in the market. This prevented the market from growing. This obstacle prevents the market from growing. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

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"North America to Dominate the Market Across the Globe Owing to Rapid Urbanization"

The market for schottky rectifier diode in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the schottky rectifier diode market share is the growing demand of product use in automotive and transportation, energy and power grid, consumer, industrial applications, telecommunications, avionics, military and medical is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Vishay Intertechnology (U.S.)
• ON Semiconductor (U.S.)
• ST Microelectronics (Europe)
• Infineon (Europe)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost schottky rectifier diode market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.