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Discrete Diode Market size is set to grow by USD 867 million from 2024-2028, Increasing demand for iot devices boost the market, Technavio

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NEW YORK, Aug. 20, 2024 /PRNewswire/ — The global discrete diode market size is estimated to grow by USD 867 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.75%  during the forecast period. Increasing demand for iot devices is driving market growth, with a trend towards increasing acceptance of wearable devices. However, increase in design complexity due to miniaturization  poses a challenge. Key market players include ABB Ltd., Agilent Technologies Inc., Central Semiconductor Corp., Diodes Inc., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Vishay Intertechnology Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Discrete Diode Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2024-2028

USD 867 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.45

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 72%

Key countries

China, US, South Korea, Taiwan, and Singapore

Key companies profiled

ABB Ltd., Agilent Technologies Inc., Central Semiconductor Corp., Diodes Inc., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., MACOM Technology Solutions Inc., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Vishay Intertechnology Inc.

Market Driver

The wearable technology market, including devices such as smartwatches, fitness bands, heart rate monitors, smart glasses, and smart fabrics, is experiencing significant growth due to increasing consumer adoption. These devices integrate transceiver chips for communication and require specialized semiconductors, including discrete diodes, for power and energy efficiency. Major tech companies like Samsung Electronics and Apple are leading this market with innovative wearable products. The Internet of Things (IoT) is also gaining momentum and is expected to have a major impact on various aspects of our lives. The wearable tech market is a key contributor to IoT growth, driving the demand for advanced discrete diodes in semiconductor devices. As a result, semiconductor manufacturers are expanding their production facilities to meet the growing demand, making the global discrete diode market an attractive growth area during the forecast period. 

Discrete diodes are essential electronic elements in various industries, including consumer electronics, power systems, and automotive sectors. These semiconductor diodes work based on PN junctions, allowing current transmission in one direction while blocking it in the opposite direction. The market for discrete diodes is growing due to their usage as rectifiers, switches, limiters, and in power electronics. Key segments include power diodes, Schottky diodes, and integrated circuits. Factors driving the market are vehicle electrification in the automotive industry, electric vehicles, and traction inverters. Decision-makers in electronic manufacturers, communication, computer, and automotive sectors should consider the trends in discrete diodes. Major players include Discrete Diode, Lucintel, and Data Bridge. Microeconomic factors, such as national economies and factory floor conditions, also impact the market. PORTER analysis and SVOR analysis can help understand the competitive landscape. Discrete semiconductors are essential passive components in advanced driver assistance systems (ADAS), portable products, and more. 

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Market Challenges

Discrete diodes are essential components in microelectronics, manufactured at tiny scales with unique technical challenges. Parameters such as shock dynamics, temperature drift, and contact dynamics must be addressed to meet the demands of miniaturized devices like tablets, smartwatches, and smartphones. Increasing consumer expectations for advanced features and longer battery life push vendors to innovate and invest heavily in manufacturing advanced, compact diodes. However, these investments increase manufacturing costs and reduce profitability, posing a significant challenge for vendors in the discrete diode market. This market growth may be hindered due to the high costs associated with producing advanced diodes to meet the stringent design requirements of wearable devices.The Discrete Diodes market is experiencing significant growth, driven by the Power Diode segment in various industries such as automotive and electronic products. The automotive sector, particularly vehicle electrification in electric vehicles and traction inverters, is a major contributor. Decision-makers in the electronic manufacturing industry face challenges in keeping up with the latest technology trends, including Discrete Semiconductors like diodes, varistors, and thyristors. Using tools like PORTER analysis and SVOR analysis, we can identify key factors influencing market growth. Microeconomic factors, such as national economies and factory floor costs, also play a role. Language and communication sectors, as well as the consumer electronic, computer, and automotive sectors, are major consumers of Discrete Diodes. Emerging trends include advanced driver assistance systems (ADAS) and the increasing use of Discrete Diodes in portable products. Companies like Data Bridge, Lucintel, and ASICS are leading players in this market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This discrete diode market report extensively covers market segmentation by  

Product 1.1 Power diodes1.2 Small signal diodes1.3 RF diodesEnd-user 2.1 Communications2.2 Computers2.3 Automotive2.4 Consumer electronics2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Power diodes-  Power diodes are essential components in various electrical systems, primarily used for voltage clamping and as rectifiers, voltage multipliers, and freewheeling diodes. These diodes handle high power but operate at lower frequencies. The power diode segment dominates the global discrete diode market due to its extensive usage. Three main types of power diodes exist: Schottky diodes, fast recovery diodes, and general-purpose diodes. Schottky diodes are widely used in applications requiring sensitivity and efficiency due to their low heat generation. They are employed in standalone photovoltaic systems to prevent battery discharge at night and in grid-connected systems. Schottky diodes also serve as rectifiers in power supplies. The expanding demand for power supplies in domestic and industrial applications worldwide fuels the growth of the Schottky diodes market, contributing significantly to the power diodes segment of the global discrete diode market during the forecast period. General-purpose diodes are suitable for low-frequency applications (up to 1 kHz) and low-speed applications (up to 1-kHz), while fast recovery diodes are ideal for high-speed switching applications due to their short reverse recovery times (less than 5us). Power diodes’ versatility and wide application scope drive the market’s growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Semiconductor Rectifiers Market is experiencing significant growth, driven by the rising demand for energy-efficient devices and the expanding automotive and consumer electronics industries. These rectifiers are essential in converting AC to DC, playing a crucial role in power supply systems. Key market players are focusing on innovation to meet the increasing need for compact and high-performance rectifiers. With advancements in technology and the growing adoption of renewable energy sources, the semiconductor rectifiers market is poised for robust expansion in the coming years.

Research Analysis

The Discrete Diodes Market refers to the segment of the electronics industry dealing with discrete semiconductor diodes. These electronic elements allow the controlled transmission of current in one direction while blocking it in the opposite direction. Discrete diodes are made up of PN junctions and are used as rectifiers, switches, limiters, and in various other applications. They are essential components in consumer electronics, power diodes, Schottky diodes, and integrated circuits. The market for discrete diodes is driven by the increasing demand for electronic components in various sectors, including vehicle electrification, electric vehicles, traction inverters, electronic assembly, portable products, and passive components. National economies with a strong focus on electronics manufacturing and innovation are expected to contribute significantly to the growth of the Discrete Diodes Market. Data Bridge Market Research projects the market to experience steady growth in the coming years.

Market Research Overview

Discrete diodes are essential electronic elements in various applications due to their ability to control the direction of current flow. Made from semiconductor materials, these components have PN junctions that allow transmission of current in one direction while blocking it in the reverse direction. They function as rectifiers, switches, limiters, and more in consumer electronics, power diodes, Schottky diodes, and integrated circuits. The Discrete Diodes Market is driven by the power diode segment in industries like automotive, electronic products, and vehicle electrification. Porter and SVOR analyses provide insights into market trends, competitive landscape, and microeconomic factors. Decision-makers in electronic manufacturers, national economies, and factory floors use these analyses to understand the discrete semiconductor market, which includes diodes, varistors, thyristors, and ASICs. Emerging trends in communication, computer, and consumer electronic sectors, advanced driver assistance systems, electric vehicles, traction inverters, and electronic assembly further boost the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductPower DiodesSmall Signal DiodesRF DiodesEnd-userCommunicationsComputersAutomotiveConsumer ElectronicsOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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 17,000 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.

Contacts

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

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Cat® Simulators New Hydraulic Mining Shovel System Builds Operator Skills for Mine Sites

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Simformotion™ LLC, a leader in heavy equipment simulator training solutions, announces the release of the new Cat® Simulators Hydraulic Mining Shovel System.

PEORIA, Ill., Sept. 23, 2024 /PRNewswire-PRWeb/ — Simformotion™ LLC – a leader in heavy equipment simulator training solutions – announces the release of the new Cat® Simulators Hydraulic Mining Shovel System. Operator trainees can utilize the system inside a classroom or at satellite mine locations.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites,” says CEO Lara Aaron.

The hands-on training system is set in a mining environment and teaches learners how to operate the Hydraulic Mining Shovel, including inspecting the machine, spotting and properly loading trucks, and more. Correct, efficient operation increases safety, production and cost savings. Simulation is a safe alternative to using actual machines for heavy equipment operator training. Students and operators can train anytime and anywhere using simulators — no need to take a costly machine out of production, worry about the weather or, most importantly, worry about the operator’s safety.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites. We often hear of the struggles to find skilled operators. Cat Simulators systems help companies build their own workforce,” says CEO Lara Aaron.

The Cat Simulators Hydraulic Mining Shovel system is available in multiple languages and includes SimU Campus™, a built-in reporting software that records and generates reports of learners’ simulation sessions and compares their performance to Caterpillar benchmarks. The system features authentic Cat controls, a motion system, exclusive walkaround machine inspection training, and a companion SimScholars™ curriculum, making the training package a unique offering.

The companion SimScholars online curriculum is a one-to-one match with the simulator model and can be used in the classroom or for remote learning. It is an interactive, turn-key solution complete with instructor guides, videos, quizzes and more. Integrate the Cat Simulators Hydraulic Mining Shovel system and its curriculum together for a unique, blended learning experience.

For even more training value and for a more immersive experience, add VR Edition. With the VR headset and patented VR Now technology, users experience a larger view of the virtual environment with greater depth perception. The simulator is portable and easy to move from a training room to a trailer to satellite locations.

About Simformotion™ LLC

©Copyright 2024 Simformotion™ LLC is a leader in heavy equipment simulator training solutions. Simulation can help address initiatives such as safety and production; while ensuring training can be delivered anytime day or night, regardless of weather conditions. Cat Simulators are chosen as training solutions in such markets as mining, construction, forestry, government, and trade and vocational schools. Simformotion™ LLC is a licensee of Caterpillar Inc. As used herein, “Simformotion” means Simformotion™ LLC, a Delaware limited liability company.

About Caterpillar Inc.

About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” and the “Power Edge” and “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. www.cat.com / www.caterpillar.com Third party trademarks are the property of their respective owners.

Media Contact
Kim Roberts, Simformotion, 1 3096703200, kroberts@simformotion.com, https://simformotion.com/

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GR0 CEO Kevin Miller Snags C-Suite Insiders CEO of the Year Award for Brand Optimization

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GR0 Co-Founder and CEO Kevin Miller Honored for Excellence in Leadership, Innovation, and Industry Impact

LOS ANGELES, Sept. 23, 2024 /PRNewswire-PRWeb/ — Kevin Miller, Co-Founder and CEO of GR0, was awarded CEO of the Year for brand optimization from the prestigious C-Suite Leadership Awards Program. This recognition underscores Miller’s outstanding leadership, innovation, and transformative impact in the digital marketing industry.

Recognized for celebrating excellence in senior executives, the C-Suite Leadership Awards Program highlights remarkable achievements in business. Emphasizing the importance of exceptional leadership, innovation, and industry impact, the program honors high-performing executives who inspire success while shaping the future of their companies.

As Co-Founder and CEO of GR0, Kevin Miller has propelled his company to the forefront of the digital marketing industry. Leveraging extensive expertise from roles at Google and Open Listings, Miller has spearheaded notable successes for GR0, including accolades such as a Platinum dotCOMM award in 2024 and a Best SEO Company award from Clutch in 2021.

Assisting both D2C and B2B clients, GR0 is known for delivering measurable growth and impactful results as a trusted agency for businesses seeking transformative omnichannel digital marketing solutions.

Miller’s dedication to his team and commitment to fostering an exemplary working environment have not gone unnoticed. He was recognized with a Best CEO Award from Glassdoor and was instrumental in GR0 being named a Best Company for Women by Great Place to Work in 2024. These achievements underscore Miller’s holistic approach to leadership, focusing on business success and employee well-being.

For further details on Miller’s remarkable achievements and to explore GR0’s transformative digital marketing strategies, visit GR0’s website.

About GR0: A leading omnichannel digital marketing agency based in Los Angeles, GR0 delivers exceptional growth and impactful results for a diverse clientele. With a record of innovation and recognition in digital marketing, GR0 sets benchmarks and drives success stories for businesses worldwide.

Media Contact

GR0 Agency, GR0, +1 (310) 439-1887, performancepr@gr0.com, gr0.com 

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First Pacific Bank expands its instant payments offerings with Finastra, driving growth

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With Finastra Payments To Go, the bank enhances its payments infrastructure and unlocks new opportunities 

LAKE MARY, Fla., Sept. 23, 2024 /PRNewswire/ — Finastra today announced that First Pacific Bank, a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. 

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

“Our selection of Payments To Go was driven by the need for a robust instant payments platform that supports our growth and innovation plans, particularly as we expand our commercial business,” said Sharokin Badal, SVP, Director of Deposit and Treasury Services at First Pacific Bank. “With Finastra, our customers will benefit from additional payment offerings, enabling better cash flow and financial management. The modernity and scalability of Payments To Go, along with its seamless integration with our existing vendors, make it the ideal solution.”

Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service. As one of the first software providers in the industry to complete certification for the FedNow Service and ISO 20022 compliance, Finastra is well-positioned to provide financial institutions with the ability to deliver instant payment services around the clock, with more than 200 customers across the US able to launch FedNow Service through its solutions.

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra. “We’re pleased that the bank selected us to not just prepare them for regulatory and compliance requirements, but to support the team as they meet the moment to unlock new opportunities in payments innovation.”

“Readiness for both ISO 20022 messaging standards for Fedwire and the FedNow Service are critically important for community-based financial institutions to stay competitive and compliant as the instant payments space continues to evolve,” said Erika Baumann, Director Commercial Banking and Payments at Datos Insights. “By aligning with global standards and embracing new payment rails, community banks are well positioned to improve their offerings.”

To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. With a history that spans 17 years, the Bank offers a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

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