Transient Voltage Suppressor Diodes Market Size, Share, Growth, and Industry Analysis by Type (Uni-Polar TVS Diodes & Bi-Polar TVS Diodes), By Application (Automotive, Industry, Power Supplies, Military/Aerospace, Telecommunications, Computing, Consumer & Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

TRANSIENT VOLTAGE SUPPRESSOR DIODES MARKET REPORT OVERVIEW

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The global transient voltage suppressor diodes market size is expected to be USD 2509.3 million in 2022 and the market is projected to touch USD 3793.82 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 4.7% during the forecast (2024-2031). In the market study, our analysts have considered transient voltage suppressor diodes players such as Infineon, Nexperia, SEMTECH, Vishay, Littelfuse, BrightKing, Amazing, STMicroelectronics, ON Semiconductor, WAYON, Diodes Inc., Bourns, LAN technology, ANOVA, MDE, TOSHIBA, UN Semiconductor, PROTEK, INPAQ, EIC and SOCAY.

The global COVID-19 pandemic has been unprecedented and staggering, with transient voltage suppressor diodes industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Electronic components called transient voltage suppressor diodes are made to shield electronic equipment from transient voltage spikes. The terms Transient Suppressors, Surge Suppressors, and Transient Voltage Surge Suppressors (TVSS) are also used to refer to them. Different factors, such as lightning strikes, electrostatic discharge, or the switching of inductive loads, can cause voltage spikes or transients. Microprocessors, integrated circuits, and other delicate electronic components can sustain damage from these transients.

The breakdown voltage is the level at which TVS diodes are intended to clamp the voltage of the circuit to which they are connected. When the voltage rises over this point, the TVS diode conducts and absorbs the extra energy to keep the linked device from being harmed. TVS diodes are used in a wide range of electronic devices, including computers, telecommunications equipment, automobile electronics, and industrial control systems. They are available in a number of packages and sizes. To offer complete protection against voltage surges and spikes, they are frequently used in conjunction with other protection tools including fuses, circuit breakers, and surge protectors.

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 transient voltage suppressor diodes market.

LATEST TRENDS

"SiC Technology to Boost the Market Growth"

Use of silicon carbide (SiC) technology is one of the market's new trends for TVS diodes. Compared to conventional TVS diodes, SiC-based transient voltage suppressor diodes have better efficiency, reduced switching losses, and better thermal conductivity. SiC-based TVS diodes are appropriate for usage in electric vehicles, power grids, and renewable energy systems because they are ideal for high-voltage and high-temperature applications. The market for TVS diodes is also expanding due to their increased surge handling capacity. Electronic gadgets are growing increasingly vulnerable to voltage surges and spikes as they become more powerful. As a result, TVS diodes with higher surge handling capacity are becoming increasingly important for protecting sensitive electronic components from damage. This trend aids in highlighting the positive outlook of the industry. Thus, a key trend that is opening up potential for the industry to grow is the increased use of silicon carbide technology. These new developments are mostly to blame for the market's overall growth.

TRANSIENT VOLTAGE SUPPRESSOR DIODES MARKET SEGMENTATION

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• By Types 

Based on type, the market is classified into Uni-Polar TVS Diodes & Bi-Polar TVS Diodes.

• By Application

Based on the market is categorized into Automotive, Industry, Power Supplies, Military/Aerospace, Telecommunications, Computing, Consumer & Others.

DRIVING FACTORS

"High Speed Data Transmission that Gives the Market Extra Boost"

The primary driver of market growth is the rise in demand for high-speed data transmission. Electronic equipment that can manage high voltage levels and shield sensitive components from voltage surges and spikes are required due to the increasing need for high-speed data transmission. To safeguard delicate electronic equipment that enables the market to grow its sales, transient voltage suppressor diodes are widely employed in data transmission systems, such as telecom networks and data centers. The demand for TVS diodes is additionally being driven by the growing deployment of automation and IoT devices. These devices need to be protected from voltage surges and spikes because they are connected to numerous electrical systems. TVS diodes are crucial parts of these systems because they lessen the risk of system outages and equipment breakdown. As a result, the growth, and the increasing data transmission will boost the market. It will contribute to the expansion of the semiconductor & electronic industry and it will improve the overall transient voltage suppressor diodes market growth.

"Electric Vehicles to Encourage Market Expansion"

Growing adoption of electric vehicles is another aspect boosting the market. The demand for TVS diodes with greater power handling capacities is being driven by the use of electric vehicles. To shield electronic control units (ECUs) and other delicate components from voltage surges and spikes, electric vehicles need TVS diodes. The industry is also being expanded by the growing need for electronic gadgets with higher power densities and smaller form factors. The development of new TVS diode technologies is being driven by the desire for electronic products with higher power densities and smaller form factors. In these high-power-density applications, smaller form factor TVS diodes with better surge handling capabilities are needed to protect delicate electronic components. As a result, the market's sales grow. 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 Cost to Impede Market Expansion"

The high cost of the product is the element impeding market expansion. When compared to other surge protection technologies, transient voltage suppressor diodes can be rather pricey, which might prevent their widespread use in sectors where cost is an important factor. The market sales are hampered by this. 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.

TRANSIENT VOLTAGE SUPPRESSOR DIODES MARKET REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for transient voltage suppressor diodes 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 transient voltage suppressor diodes market share is the growing demand of product use in automotive, industry, power supplies, military/aerospace, telecommunications, computing & consumer 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

• Semtech (U.S.)
• Vishay (U.S.)
• Littelfuse (U.S.)
• On Semiconductor (U.S.)
• Bourns (U.S.)

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 transient voltage suppressor diodes industry 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.