market is the growing consumer electronics market. For instance, according to the July 2017 fact
sheet released by ZVEI: Die Elektroindustrie, the global electrical and electronic production in
2015 accounted for US$ 4.63 trillion from US$ 4.04 trillion in 2014. Growing demand for
advanced and better electronic devices influence manufacturers to focus on rampantly
upgrading their products in terms of design, processing, power consumption, and user interface,
in order to improve its functionalities and attract more consumers. Discrete diodes such as power
diodes or Schottky diodes are important elements of electronic circuits. Thus, growing demand
for consumer electronic devices is expected to simultaneously drive growth of the discrete diode
market.
Discrete Diodes Market: Regional Insight
The regional segmentation of the discrete diodes market is based on six regions namely, North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Asia Pacific is expected to be the largest market for discrete diodes, owing to the growing
electrical and electronics sector in the region. Diodes, being the core element in an electrical
circuit, have a widespread application in electrical and electronics goods. Asia Pacific accounts
for the highest production of electrical and electronic goods in the world. For instance, according
to the July 2017 fact sheet released by ZVEI: Die Elektroindustrie, in 2015 production of electrical
and electronic goods in Asia Pacific was US$ 3.38 Trillion, which was 73 per cent of the total
electrical and electronics production in the world. China, Japan, and Korea were among the top
producers of electrical and electronics goods, with US$ 2.35 trillion, US$ 315.45 billion and US$
283.09 billion, respectively. Moreover, according to India Brand Equity Foundation (IBEF), Indian
Consumer electronics market was US$ 31.48 billion in 2017 and is further expected to grow at 41
percent CAGR between 2017 and 2020 to reach US$ 400 billion. As discrete diodes are widely
used in electrical and electronic goods, the growth in electrical and electronic goods production is
expected to significantly increase the demand for discrete diodes in Asia Pacific over the forecast
period.
North America is expected to be the second-largest market for discrete diodes, as the region
comprises developed economies such as the U.S. and Canada. The U.S. is one of the top
competing economies in electrical and electronics industry. For instance, according to the July
2017 fact sheet released by ZVEI: Die Elektroindustrie, the U.S. ranked second in the electrical
and electronics production, valued at US$ 456.42 billion, which accounted for 10 percent of the
global electrical and electronics production, in 2015. Thus, the growth of electrical and
electronics industry in the region is projected to boost growth of the discrete diodes market
throughout the forecast period.