Transient voltage suppressor diode market
Transient Voltage Suppressor Diode Market, By Type (Unidirectional, Bidirectional), By Application (Telecommunication, Energy & Power, Aerospace & Defence , Automotive, Consumer Electronics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
- Mar 2024
- CMI6722
- 167 Pages
- Excel & Pdf
- Semiconductors
Market Size and Trends
The Transient Voltage Suppressor Diode Market is estimated to be valued at USD 941.1 Mn in 2024 and is expected to reach USD 1,552.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Increasing Usage of Electronic Gadgets
The usage of various electronic gadgets such as smartphones, tablets, and laptops have increased exponentially over the past decade. People are spending more and more time using these digital devices for communication, entertainment, work, studies, and other purposes. As these devices have become an integral part of everyday life, the demand for their effective and reliable functioning has also risen significantly. Due to their extensive usage, electronic gadgets are more prone to voltage fluctuations and surges which can damage their sensitive internal components. This is where transient voltage suppressor diodes play a critical role in protecting such devices from high voltage spikes and power surges. They help maintain the steady operation of electronic circuits by clamping or limiting the spike voltage. With people's heavy reliance on gadgets, manufacturers are under increasing pressure to make them durable and protected against electrical hazards. As a result, the incorporation of transient voltage suppressor diodes in gadgets has become common to provide an additional layer of safety. Their growing use in smartphones, laptops and other consumer electronic products is boosting the overall demand in the market.
For instance, Diodes Incorporated, a manufacturer of semiconductor products, offers bidirectional transient voltage suppressor (TVS) diode for various consumer electronics applications including I/O ports in high-performance computing hardware, smartphone handsets, laptop and tablet computers, displays, and gaming consoles.
Market Concentration and Competitive Landscape
Along with the rising digitalization worldwide, new technology domains such as electric vehicles, renewable energy systems, and Internet of Things are rapidly evolving. These domains involve the extensive usage of electronic components that require robust protection against voltage transients and faults occurring in their operation. For example, in electric vehicles, the battery management systems, charging circuits, and other control electronics are vulnerable to high voltage fluctuations during acceleration, regenerative braking, or energy recovery processes. Similarly, renewable energy generation through solar PV panels and wind turbines can induce damaging voltage spikes and surges. IoT gateways, sensor nodes, and other network devices may also experience electrical disturbances. Protecting sensitive components in such emerging applications has become vital. Transient voltage suppressor diodes have emerged as a reliable solution owing to their ability to withstand high transient currents and voltages. Their deployment helps ensure the reliable performance of safety critical systems. As technologies like EVs, IoT, and renewable energy gain widespread adoption, the need for robust TVS diodes is expected to rise significantly to provide surge protection in new product designs. This growing scope of implementation across disruptive domains is boosting the market demand.
Some key challenges this market faces include fluctuating raw material prices and supply chain disruptions impacting diode manufacturing costs. Additionally, there is increasing demand for devices with faster response times and higher energy absorption capabilities, requiring extensive R&D investments into new materials and fabrication techniques. Meantime, regulations on EMI compliance are becoming more stringent, necessitating suppliers to rapidly deploy solutions meeting evolving standards.
Market Opportunities: Growth in Consumer Electronics
The growth in consumer electronics is driving need for robust protection against power surges and electrical noise interference. Expanding automotive electronics content per vehicle creates sustained requirement for TVS diodes. The adoption of renewable energy systems susceptible to grid disturbances opens an avenue. Furthermore, infrastructure modernization across various industries strengthens the business case for reliable overvoltage safeguards utilizing TVS technology.
The bidirectional transient voltage suppressor diode segment currently dominates the overall transient voltage suppressor diode market and is estimated to hold the market share of 62.3% in 2024 due to high demand from various power electronics applications. Bidirectional TVS diodes are widely used in such applications as they offer protection from voltage spikes in both the positive and negative direction.
Power electronics has emerged as a major end-use segment for TVS diodes in recent years. A wide range of power electronic devices from variable frequency drives to UPS systems extensively use various power semiconductor components such as thyristors, IGBTs, and diodes. However, transients and surge voltages produced during switching of these power devices can damage the components if left unprotected. Bidirectional TVS diodes provide robust protection against such voltage fluctuations from both the supply side and load side. Their capability to clamp surge voltages effectively in both polarity directions makes them especially suitable for power electronic circuits.
The growing adoption of renewable energy solutions like solar PV inverters has also boosted the use of bidirectional TVS diodes. The intermittent nature of solar and wind power leads to frequent voltage spikes at the input and output of solar inverters and other related equipment. Bidirectional TVS diodes ensure reliable protection of sensitive components inside these devices. Additionally, stringent safety and reliability norms for industrial motor control and solar/wind energy conversion systems mandate robust protection against voltage transients using TVS technology.
Insights, by Application - Widespread Deployment in Industrial Motor Controls and Renewable Energy Applications
The energy and power segment is estimated to hold the largest share of 34.4% in 2024 in the overall transient voltage suppressor diode market. Within this segment, industrial motor controls and renewable energy generation/conversion represent major application areas driving the demand for TVS diodes.
TVS diodes are widely installed across motor drive circuits powering industrial motors used in applications like conveyor belts, machine tools, pumps, and compressors. Exposure to surges during frequent start/stop cycles of industrial motors necessitates reliable overvoltage protection for motor drive electronics. Compared to other alternatives, TVS diodes offer compact designs and fast response times to safeguard sensitive components in motor control equipment from voltage spikes.
Growing penetration of solar and wind energy as renewable sources has also augmented the need for robust overvoltage protection in associated power conditioning systems. TVS diodes are commonly integrated across grid-tie solar inverters, wind turbine drive trains, and energy storage/charging devices to suppress surges both at the system input and output terminals. Their role in ensuring safety and reliability takes on greater importance as solar and wind power capacity expansion continues globally to support environmental sustainability goals.
Regional Insights
North America is home to some of the largest semiconductor manufacturers such as ON Semiconductor, Infineon Technologies, and Littelfuse. These manufacturers have a significant presence across various countries in North America with massive production capabilities closer to major end-use industries. Additionally, the region is an early adopter of new technologies with massive research & development investments from both private as well as government organizations. This provides sustainable technological advantage to local manufacturers. Furthermore, the presence of leading OEMs such as Tesla, Ford, and GM within the region ensures a steady demand for transient voltage suppressor diodes from the automotive industry.
The European market for transient voltage suppressor diodes is moderately growing owing to presence of various established automotive brands and diversified electronics industry landscape. On the other hand, Latin America and Middle East & Africa are emerging as lucrative regional markets and are expected to provide higher growth opportunities over the forecast period. This can be attributed to ongoing industrialization, infrastructure development projects and increasing demand for consumer electronics from the growing middle class population across various countries in these regions.
Market Report Scope
Transient Voltage Suppressor Diode Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 941.1 Mn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.4% | 2031 Value Projection: | US$ 1,552.2 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
STMicroelectronics , Infineon Technologies AG, Taiwan Semiconductor., PROTEK DEVICES, Solid State Manufacturing, Littelfuse, Inc., Semtech Corporation, Electronics Industry Public Company Limited (EIC), Sensitron Semiconductor, Bourns, Inc., Vishay Intertechnology, Inc., Nexperia B.V., AMAZING Microelectronic Corp., Wayon Electronics Co.,Ltd., BrightKing, Semiconductor Components Industries, LLC, Continental Device India Pvt. Ltd., Diodes Incorporated, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, MDE Semiconductor, ANOVA Technologies Co.,Ltd |
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Growth Drivers: |
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Restraints & Challenges: |
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Key Developments
- In March 2021, MDE Semiconductor, Inc., a manufacturer of Transient voltage suppression devices, launched MAX Power TVS Diode, specifically designed for the protection of electronic systems from the destructive effects of Lightning, Electrostatic Discharge (ESD) and Inductive Switching
- In March 2023, Diodes Incorporated, a manufacturer of semiconductor products, introduced its new bidirectional transient voltage suppressor (TVS) diode, addressing market demands for a robust protection for high-speed data ports
- In January 2024, Diotec Semiconductor, a European semiconductor manufacturer, introduced transient voltage suppressor diode for alarm systems
- In January 2024, Diotec Semiconductors introduced SMF33CA transient voltage suppressor diodes for light curtain electronics. SMF33CA suppressor diodes are used in the 24 V DC supply of the light curtain, which is typically found in machines such as presses and punching machines, robotic systems, assembly machines, packaging, and conveyor systems.
*Definition: The transient voltage suppressor diode market consists of companies that manufacture transient voltage suppressor (TVS) diodes which are semiconductor devices used to protect electronic equipment from voltage transients such as spikes and electrostatic discharge (ESD) phenomenon. TVS diodes function as a protection device by working as a voltage clamp and allows high voltage transients to flow to the ground without letting them reach sensitive components.
Market Segmentation
- Type Insights (Revenue, USD MN, 2019 - 2031)
- Unidirectional
- Bidirectional
- Application Insights (Revenue, USD MN, 2019 - 2031)
- Telecommunication
- Energy & Power
- Aerospace & Defence
- Automotive
- Consumer Electronics
- Others
- Regional Insights (Revenue, USD MN, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- North America
- Key Players Insights
- STMicroelectronics
- Infineon Technologies AG
- Taiwan Semiconductor.
- PROTEK DEVICES
- Solid State Manufacturing
- Littelfuse, Inc.
- Semtech Corporation
- Electronics Industry Public Company Limited (EIC)
- Sensitron Semiconductor
- Bourns, Inc.
- Vishay Intertechnology, Inc.
- Nexperia B.V.
- AMAZING Microelectronic Corp.
- Wayon Electronics Co.,Ltd.
- BrightKing, Semiconductor Components Industries, LLC
- Continental Device India Pvt. Ltd.
- Diodes Incorporated
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- MDE Semiconductor
- ANOVA Technologies Co.,Ltd
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot Type
- Market Snapshot By Application
- Market Snapshot By Region
- Market Scenario - Conservative, Like, Opportunistic
- Market Opportunity Map
- Report Description
- Market Dynamics and Trend Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Pest Analysis
- Porters Analysis
- COVID-19 Impact Analysis
- New product approvals
- Promotion and marketing initiatives
- Market Attractiveness By Country
- Market Attractiveness By Market Segment
- Key Developments & Deals
- Trend Analysis - Historic and Future Trend Assessment
- Key Developments
- Market Dynamics
- Global Transient Voltage Suppressor Diode Market, Type, 2019 - 2031 (US$ Million)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
- Unidirectional
- Bidirectional
- Introduction
- Global Transient Voltage Suppressor Diode Market, By Application, 2019 - 2031 (US$ Million)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
- Telecommunication
- Energy & Power
- Aerospace & Defence
- Automotive
- Consumer Electronics
- Others
- Introduction
- Global Transient Voltage Suppressor Diode Market, By Region, 2019 - 2031 (US$ Million)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Million)
- Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Million)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, Type, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Million)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, Type, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, Type, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, Type, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Million)
- GCC
- Israel
- Rest Of Middle East & Africa
- Latin America
- Introduction
- Market Size and Forecast, Type, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Million)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Introduction
- Company Profiles - Global Transient Voltage Suppressor Diode Market
- STMicroelectronics
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Infineon Technologies AG
- Taiwan Semiconductor.
- PROTEK DEVICES
- Solid State Manufacturing
- Littelfuse, Inc.
- Semtech Corporation
- Electronics Industry Public Company Limited (EIC)
- Sensitron Semiconductor
- Bourns, Inc.
- Vishay Intertechnology, Inc.
- Nexperia B.V.
- AMAZING Microelectronic Corp.
- Wayon Electronics Co.,Ltd.
- BrightKing, Semiconductor Components Industries, LLC
- Continental Device India Pvt. Ltd.
- Diodes Incorporated
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- MDE Semiconductor
- ANOVA Technologies Co.,Ltd
- STMicroelectronics
- References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
Market Segmentation:
- By Type
- Unidirectional
- Bidirectional
- By Application
- Telecommunication
- Energy & Power
- Aerospace & Defence
- Automotive
- Consumer Electronics
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa