Global Ultrafast Rectifiers Market 2018-2022|Automation in Automobiles to Drive Growth| Technavio

Technavio has published a new market research report on the global ultrafast rectifiers market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global ultrafast rectifiers market is expected to post a CAGR of more than 3% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the growing use of ultrafast rectifiers in lighting ballasts. The digital revolution has led to the introduction of next-generation lighting systems and controls in the lighting industry. Electronic ballasts with embedded intelligence are foraying into the market. These provide the lighting systems the ability to adapt to changing space needs.

This market research report on the global ultrafast rectifiers market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the automation in automobiles as one of the key emerging trends in the global ultrafast rectifiers market:

Global ultrafast rectifiers market: Automation in automobiles

The demand for ultrafast rectifiers has increased due to the electrification and automation of automobiles. Automotive manufacturers have been making use of several types of semiconductor ICs for functions such as airbag control, anti-lock braking system, GPS, power doors and windows, car navigation and display, and automated driving.

“During the forecast period, the market for automotive products is likely to grow due to an increase in car production. This will generate demand for power electronic devices, creating increased demand for ultrafast rectifiers. The automotive sector is a key growth driver for the semiconductor industry,” says a senior analyst at Technavio for research on semiconductor equipment.

Global ultrafast rectifiers market: Segmentation analysis

This market research report segments the global ultrafast rectifiers market by application (commercial, industrial, consumer products, and automotive) and geography (APAC, EMEA, and the Americas).

The commercial segment held the largest market share in 2017, accounting for over 28% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with close to 69% of the market share, followed by the Americas and EMEA respectively. The presence of several foundries and outsourced semiconductor assembly and test vendors are contributing to the growth of the market in the APAC region.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global ultrafast rectifiers market is expected to post a CAGR of over 3% until 2022, according to the latest market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com