QY Research recently announced the publication of a new research report, titled “Global Transient Voltage Suppressor (TVS) Diodes Market Insights, Forecast to 2025.” The publication provides a detailed insight into the factors that are expected to drive the global market for transient voltage suppressor (TVS) diodes and the ones that are estimated to restrain it. The analysts have a detailed study of the segments to ascertain the ones that will lead the market. The report also discusses the impact of evolving economies on the global transient voltage suppressor (TVS) diodes market comprehensively.
According to the report, the global transient voltage suppressor (TVS) diodes market will touch the valuation at US$1059.10 mn by 2025 from US$662.29 mn in 2017. The market will be registering a CAGR of 6.04% throughout the forecast period.
Global Transient Voltage Suppressor (TVS) Diodes Market: Trends and Opportunities
Transient voltage suppressor (TVS) diodes provide several benefits such as high availability of current protection for 6KA to 10 KA and low incremental surge resistance, which are helping the market thrive. Fast response time of the diode is one of the key factors, as it mainly takes less than I ns from o volts to BV, which is likely to propel the growth of the TVS diode market. Besides, due to technological advancements, some of the TVS diodes provided by Semtech Corporation function at 2.8V and 3.3V respectively. Low voltage operating diodes are the factors that further expand the growth of the market over the forecast period.
Global Transient Voltage Suppressor (TVS) Diodes Market: Segment Analysis
The global market for transient voltage suppressor (TVS) diodes market is segmented into applications and product type. The application segment includes consumer, automotive, computing, industry, telecommunications, power supplies, military/aerospace, and others. The product type segment includes SM Series, 0402, 1006, 0603, 0805, and others.
Global Transient Voltage Suppressor (TVS) Diodes Market: Geographical Outlook
Asia Pacific region is likely to remain a promising market for TVS diodes because of the presence of various manufacturers for electronics and semiconductors. North America is estimated to grab a remarkable market share for a transient voltage suppressor (TVS) diodes because of technological advancements in this region.
Global Transient Voltage Suppressor (TVS) Diodes Market: Top Players
Some of the leading players that are operating in the global market for TVS diodes are SOCAY, Vishay, EIC, Littelfuse, INPAQ, BrightKing, PROTEK, Amazing, UN Semiconductor, STMicroelectronics, TOSHIBA, ON Semiconductor, MDE, WAYON, SEMTECH, NXP, ANOVA, Diodes Inc., LAN technology, Bourns, and Infineon.
Global Transient Voltage Suppressor (TVS) Diodes Market: Competitive Landscape
In June 2019, a leading producer of circuit protection, sensing, and power control has revealed its new power semiconductor assembly plant in the Philippines. It is the company’s third manufacturing facility in the Philippines that will help it to test operations and assembly for power conductor modules. Companies have adopted the business expansion strategies to increase their global presence, grab higher market shares, attain higher revenues, and increase economies of scale. The main objective of the manufacturers is to grow, irrespective of the risk and hurdles coming in the way.