LONDON--(BUSINESS WIRE)--The small signal transistor market is set to grow by USD 101.76 million accelerating at a CAGR of almost 3%, during the period spanning over 2020-2024. One of the key factors driving growth is the increasing demand for IoT. The proliferation of IoT devices is increasing the demand for sensors, microcontrollers, and memory devices. The growing demand for power electronics is a significant trend that will further stimulate market growth. The growing demand for power electronics in end-user industries is resulting in the higher adoption of small signal transistors.
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Parent Market Analysis
Technavio categorizes the global small signal transistor market as a part of the global semiconductor market, within the overall global semiconductors and semiconductor equipment market. The parent, the global semiconductor market, covers manufacturers of semiconductors and related products. Technavio defines semiconductor manufacturers as companies that are involved in the production of integrated circuits (ICs) such as memory, logic, analog, and micro components; optoelectronics; sensors; and discrete semiconductors. Growth in the global semiconductor market will be driven by the increasing investment in fabs.
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Small Signal Transistor Market: Geographic Segmentation
The report segments the market by geography: APAC, Europe, North America, MEA, and South America. About 70% of the market’s growth will originate from APAC during the forecast period. This is due to the high concentration of consumer electronics manufacturers, display manufacturers, and automobile manufacturers in the region. China, Taiwan, South Korea (Republic of Korea), and Japan are the key markets for small signal transistors in APAC.
Small Signal Transistor Market: Segmentation by Application
The industrial segment was leading the market in 2019. This report provides an accurate prediction of the contribution of all the segments to the growth of the small signal transistor market size.
Small Signal Transistor Market: Growth Drivers
The market is driven by the increasing demand for IoT. End-user industries such as industrial, automotive, consumer electronics, communication, and others are increasingly adopting IoT devices to streamline their operations. IoT is also gaining popularity in several applications such as gateways, home appliances, wearables, smart devices, and entertainment systems for smart homes, sensors, and STBs with common networking standards. This has increased the demand for different types of transistors, sensors, microcontrollers, and memory devices. Therefore, the increasing demand for IoT is expected to fuel the growth of the market during the forecast period.
Small Signal Transistor Market: Challenges to overcome
The increased need for efficient use of electricity and conservation of power is creating a demand for power transistors as most of the electronic devices are multifunctional. Besides, the introduction of cloud-based services has increased the speed, power, and efficiency of electronic devices. This is increasing the adoption of power transistors, which is challenging the growth of market vendors.
Small Signal Transistor Market: Vendor landscape
This report provides information on revenue, organizational developments, and key go-to-market strategies of several leading small signal transistor companies, including:
- Diodes Inc.
- Infineon Technologies AG
- Maxim Integrated Products Inc.
- Nexperia BV
- NXP Semiconductors NV
- ON Semiconductor Corp.
- Renesas Electronics Corp.
- ROHM Co. Ltd.
- STMicroelectronics NV
- Texas Instruments Inc.
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Technavio reports cover the following key research areas:
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- Analysis of drivers of price sensitivity
- Key purchase criteria
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- Impact of drivers and Challenges
- Factors of differentiation
- Landscape disruption
- Key industry risks
- Market position of vendors
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