by Transient Voltage Suppressor (TVS) diodes are low capacitance unidirectional devices used primarily for transient overvoltage protection for sensitive electronic circuits and components from damage. TVS diodes helps protect semiconductor chips and electronic systems from overvoltages caused by electrostatic discharge, inductive load switching and induced lightning.
The global Transient Voltage Suppressor Diode market is estimated to be valued at USD 941.1 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Transient Voltage Suppressor Diode market are STMicroelectronics , Infineon Technologies AG, Taiwan Semiconductor., PROTEK DEVICES, Solid State Manufacturing, Littelfuse, Inc., Semtech Corporation, Electronics Industry Public Company Limited (EIC), Sensitron Semiconductor, Bourns, Inc., Vishay Intertechnology, Inc., Nexperia B.V. and AMAZING Microelectronic Corp. STMicroelectronics and Infineon Technologies AG captured significant shares of the TVS diode market in 2021.
The growing adoption of smart home devices, electric vehicles and renewable energy systems are fueling the demand for Transient Voltage Suppressor Diode Market Growth. Transient Voltage Suppressor Diodes finds wide usage in consumer electronics, industrial controls, automotive electronics and IOT devices to increase reliability.
Key players are expanding their manufacturing and distribution footprints across Asia Pacific, Europe, and North America to cater to the growing demand from various end use industries globally. STMicroelectronics expanded its TVS diode manufacturing facility in Chennai, India in 2021 to meet the growing demand from automotive and industrial customers in Asia.
Market key trends
The increasing integration of TVS protection in automotive electronics systems is one of the key trends in the Transient Voltage Suppressor Diode market. Vehicles infotainment systems, advanced driver-assistance systems (ADAS), electric power steering and battery management systems demands robust ESD and overvoltage protection using TVS diodes. TVS diodes helps provide failsafe operation in automobile electronics systems operating in rough environmental conditions. This growing implementation of TVS diodes in automotive electronics is expected to drive revenues for manufacturers globally.
Porter’s Analysis
Threat of new entrants: Low manufacturing costs and brand loyalties provide advantages to existing companies making the entry of new players difficult.
Bargaining power of buyers: Large number of suppliers and product differentiation allows buyers to negotiate lower prices.
Bargaining power of suppliers: Low switching costs reduces supplier bargaining power with respect to price negotiation.
Threat of new substitutes: Continuous product innovation and improvements have created high barriers to substitute products.
Competitive rivalry: Intense competition exists due to presence of many established players across countries.
Geographical Regions
Asia Pacific accounts for largest market share and is expected to grow at highest CAGR between 2024 to 2031. Countries like China, India, Japan and South Korea dominate the market in terms of volume. Growing electronics industry, expanding middle class population and increasing consumer expenditure on electronic goods drives the market growth. North America holds second position in global market supported by rising investment in data centers and communication infrastructure development. Advancements in telecommunication sector and deployment of 5G technology aids regional market expansion.
Geographical Regions
Europe is considered as fastest growing regional market for transient voltage suppressor diode on account of growing industrial automation trends and implementation of Industrial Internet of Things (IIoT) across industries. Moreover, focus of government towards development of smart grids and renewable energy generation projects supplements the market growth. Additionally, Latin America and Middle East & Africa markets are anticipated to register notable growth over forecast years owing to increasing investments in infrastructure and industrial development activities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
