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Zener Diodes Market Segmented By type such as Through Hole Technology, Surface Mount Technology used in Consumer Electronics, Computing, Industrial, Telecommunications and Automotive
Zener diode is a special type of semiconductor diode that permits current to flow from anode to cathode in either a forward or reverse direction. The difference between an ideal diode and zener diode is the flow of current. Zener diodes are the most commonly used semiconductor diodes because of its functionality.
It consists of a heavily doped p-n junction, manufactured to operate in the breakdown region whereas traditional diode doesn’t work in the breakdown region. The topmost feature of Zener diodes is highly doped p-n junction. It has a low and specified reverse breakdown voltage, at which it starts operating continuously without getting damaged.
The difference between an ideal diode and zener diode is the flow of current. Breakdown voltages for zener diodes are commonly anywhere from 1.8 to 200 V. Due to its functionality of regulating voltage, it is used in practical circuit applications of different equipment.
Consumer electronics, industrial, telecommunication and automotive industries are using zener diodes as a voltage regulator to protect from over voltage. As these industries are continuously looking for advanced diodes, this need of high adoption of zener diodes is driving the market of zener diodes globally.
The functionality of providing and regulating voltage is one of the major factor driving demand for zener diodes market in the telecommunication industry. Consumer electronics are moving towards application of zener diodes over normal diodes, this leads the way for growth of global zener diodes market.
Organizations are using zener diodes in research and developments activities, it results in driving the market of zener diodes. The prime feature of zener diodes is reverse biased condition, this leads to fuel the global market of zener diodes. The surface mount diodes can be directly mounted on a PCB, which is further leading the market for zener diodes globally.
There has been an increase in number of semiconductor manufacturing hubs, which is expected to propel demand for zener diodes globally.
Usage of zener diodes are widely getting preferred among the key end-use industries such as telecommunication, information technology, automotive industries and others. The demand for more developments in new and advanced technologies have further led to rise zener diodes market across globe.
There is an increase in number of usage of electrical equipment and electronic tools and this contributes to the growth of zener diodes market globally. There is a continuous growth in number of electronic systems within automobiles in past some years and also this has resulted in arising the need for protection to limit interference and potential failures in applications such as safety systems, battery management and others.
And, the need for protection to limit interference and potential failures can be prevented with the help of zener diodes. This leads to fuel the global market of zener diodes. Due to traditional diodes’ features, there is an increase in demand for low power consumption and high efficiency devices which is fuelling the application of zener diodes in different industries.
Industries are focusing on development of new components and especially automobile industries are looking for advancement in technology in the core of any electronic circuit. This also contributes to the growth of zener diodes market globally. Increasing adoption of advanced diodes and emergence of such technologies in diode market is likely to garner demand in the global zener diodes market.
Cost effective production of zener diodes is a major restraint, which is hindering the market of zener diodes globally. Also, design complexities may hinder the market as there is an increase in demand for specific demand. Competition and pricing, this is one of the major factor hampering the growth of zener diodes market. However, the zener diode market is also impacted significantly due to the inability of Zener diode to resist high load current.
Based on type, the Zener Diodes Market has been segmented as
Based on application, the Zener Diodes Market has been segmented as
Based on region, the Zener Diodes Market has been segmented as
Key players such as
are actively involved in offering zener diodes solutions for different applications.
The companies involved in the production of zener diodes are continuously focusing on research and development for increasing their market share in the global zener diodes market.
Zener diode solutions are of great demand in applications such as consumer electronics, automotive, information technology, telecommunication, industrial, electronic tools, electrical equipment and many other asset-intensive industries.
Standard diodes have the characteristic of flowing current in only one direction whereas this is not case for zener diodes, it can begin to conduct in the reverse direction also. This prime feature of zener diode is in great demand, which is fulfilling the need for voltage regulation in battery-operated devices.
Due to their high power dissipation capacity, high-performance standards and small size, they can be used in smaller electronics. In the world of technology, zener diode is playing an important role for companies to create more safety solutions to make driving safer. Industries have started using zener diodes for advanced research and development, further it has garnered significant attention and driving the demand for zener diodes.
The global market of zener diodes is currently dominated by China as most of the key players located in the country have a solid competition among the new players. Many key players in the country are aiming for collaboration, acquisition and new product strategies to escalate their business presence.
The companies in China making zener diodes have low manufacturing cost as compare to US and Europe, also they don’t have advanced equipment or strong R&D capability, still their market share of zener diodes is increasing.
Currently, China is one if the big market in international zener diode consumption. As there is a rapid growth in national economy of China, consumer electronics product keep stable growth in China. Due to the exuberant market demand of zener diodes in China, it provides a good opportunity for the development of zener diodes market and technology.
The growing demand for automotive solution in the country and globally through zener diodes has opened new growth avenues for zener diodes market. Zener diode solutions technology has moved far beyond in China and this leads the way for growth of global market.
The spread of coronavirus outbreak impacted economic growth and market volatility. There was a major impact on investment returns and capital positions of financial institutions. The covid-19 pandemic pushed enterprises to be more innovative and work remotely.
The COVID-19 pandemic has forced the facilities and industries to temporarily shutdown or to be operated at minimal workforce. The zener diode market is expected to be affected by the impact of COVID-19 as original equipment manufacturers are experiencing a drop in demand for end-products, which will affect the growth of the zener diode market.
The pandemic also gave an opportunity for the decision makers to come out of their comfort zone and buckle up for the new ideas of carrying out product and business strategies. As of now, companies have been following the prevention and hygiene measures to ensure their employees’ health, and will fully comply with government policies to avoid the coronavirus contagion.
There are notable supply chain challenges for the zener diodes market, but concerns related to more innovations and business strategies during the pandemic are expected to have minimal impact on the growth of the zener diodes market in the short term.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.