Diode Market Major Growth Driving Factors and Comprehensive Research Report, 2023

The Global Diode Market is anticipated to grow at a CAGR of 5.5% over the forecast period. The industry witnesses certain innovations in terms of usage and finds rise in a wide-range of applications. For instance, it encompasses welding of plastics in medical and automotive device manufacturing. In the medical industry, direct imaging is one of the common applications wherein diodes are significantly used.

The market is driven by increase in demand for optical storage and communication, military and defense, automation & sensor industry. Other verticals such as agriculture equipment, image recording, and automotive industry find relevant use of diodes for mainstream operations. Rise in production and consumption of semiconductor appliances are likely to propel the market growth in the forecast period.

The market is categorized as optically pumped semiconductor and injection pumped semiconductor. By type, market segmentation includes double hetero structure, distributed feedback, quantum well, quantum cascade, external cavity, and interband cascade. By wavelength, the diode market segmentation comprises red, green, blue, and violet. By industry, the market is quadfurcated into consumer electronics, military, healthcare, industrial and medical equipment.

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Geographical segmentation for diode market include North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific is at the forefront of the diode market leading the global scenario with a remarkable CAGR. The exports doubled in the last two years due to significant demand all across the world as there are remarkable changes in the semiconductor and consumer electronics industry.

North American and European markets have gained a significant market share due to rise in demand for consumer electronics and appliances. Penetration of smartphones and digital devices are paving the way for market growth in the global scenario. The key players profiled in the diode market report comprise Toshiba Corp, Agilent Technologies, M/A-Com Technology Solutions, Diodes Inc, Fairchild Semiconductor International, Central Semiconductor Corp, Microsemi Corp, IXYS Corp, Panasonic Corp, Hitachi Asia, Sanyo Semiconductor, Semtech Corp and Shindengen Electric Manufacturing.

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