Semiconductors are the essential technology enablers that powers wide range of cutting edge digital devices. In past few years, the rapid growth in the discrete assortment kits has been driven by the growing demand from electronics such as smartphones and the proliferation of applications including the Internet of Things and cloud computing. Moreover, the increasing demand for semiconductor products such as diodes, transistors, and voltage regulators is the primary factor driving the growth of discrete assortment kits market. Furthermore, the number of semiconductor components used in our daily lives is expanding constantly which is having a significant impact on the growth of discrete assortment kits market.
Discrete assortment kits refers to the collection of various discrete semiconductor components which such as diodes, transistors, voltage regulators, and MOSFETs which are designed and utilized usually for operations that require high power and frequency. The increasing demand for power efficient and high energy devices is generating the potential growth opportunities for discrete semiconductor devices, which in turn, is driving the growth of discrete assortment kits market. Moreover, various companies offering discrete semiconductors are promoting and focusing on research and development of advanced products which is further propelling the growth of discrete assortment kits market.
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Discrete Assortment Kits Market: Market Dynamics
Increasing industrial automation and demand for automation and electrification in automobiles is driving the growth
Growing demand for discrete semiconductors in industrial application for security, automation, transportation, and energy management is one of the primary factors driving the growth of discrete assortment kits market. Also, with the increasing power generation demands and continuous trend towards renewable energies, the demand for discrete assortment kits is expected to increase rapidly in coming few years. Furthermore, the surge in the demand for various semiconductor devices in automobiles, including microcontrollers, memory, and sensors is creating potential growth opportunities for discrete assortment kits markets. Moreover, the continuous demand for electrification, automation, security, and digital connectivity is resulting in rising adoption of discrete assortment kits which further drives the growth of discrete assortment kits market.
Increasing Demand for High-Power Semiconductors
High-power devices are playing a significant role in empowering toady’s high-power systems in the field of automotive, industrial, and telecommunication. Therefore, due to this factor, the demand for discrete assortment kits is increasing rapidly. Moreover, in past few years, the revolution of power electronics has swept across the automation and power delivery sectors which has created potential growth opportunities for discrete assortment kits.
Less development in Technology base
Lack of technological developments in various countries of Latin America and MEA other undeveloped countries is one of the key factors that is likely to hinder the growth of the discrete assortment kits market.
Discrete Assortment Kits Market: Competition Landscape
Discrete assortment kits market is fragmented due to the presence of various local and regional players in the market. Some of the key players in the discrete assortment kits market are Infineon Technologies AG, ON Semiconductor, Toshiba Corporation, NXP Semiconductors N.V., Eaton Corporation Plc, STMicroelectronics, Fairchild Semiconductor International, Inc., Vishay Intertechnology, Inc., Nexperia, Diodes Incorporated, and ROHM Semiconductor.
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Discrete Assortment Kits Market: Regional overview
On the basis of region, Asia Pacific excluding Japan is expected to capture the substantial market share in terms of value in the discrete assortment kits market due to the presence of various key discrete assortment kits providers in the region and undergoing development in the industrial automation and automotive sector. North America is also expected to capture significant market share in the discrete assortment kits market during the forecast period owing to the increasing adoption of discrete assortment kits for various applications such as automotive, industrial, and aerospace & defense. Moreover, Europe is expected to witness potential growth opportunities in the discrete assortment kits market due to the continuous growth in the automotive sector and increasing penetration of smart consumer electronics devices. Latin America and Middle East & Africa are anticipated to witness significant growth rates in the discrete assortment kits market due to rapidly booming semiconductor and electronics sector in the various countries of the region.