The global discrete diode market to grow at a CAGR of 4.6% during the period 2017-2021.
The report, Global Discrete Diode Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is growing acceptance of wearable devices. Wearable devices (smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses) monitor fitness levels by tracking daily activities of the user. The mobile communication devices help provide communication services. Due to the expected growth of the sector, semiconductor device manufacturers are developing specialized diodes.
According to the report, one of the major drivers for this market is rise in number of fabs. The large-scale requirement of semiconductor devices from end-user device manufacturers such as consumer electronics, sensor systems, medical devices, and IoT connected devices has propelled the growth of the semiconductor industry.
Further, the report states that one of the major factors hindering the growth of this market is high inventory levels in supply chain. The cyclical nature of the semiconductor industry affected the operating results of semiconductor vendors because of severe downturns caused by oversupply in 2015. The semiconductor manufacturer faces risks such as overcapacity, low demand, and high price competition. Changes in customer requirements in lieu to changing consumer tastes due to the advance in technology affect chip manufacturers considerably.