1. Semiconductor Discrete Device Industry Overview

Semiconductor discrete devices are devices with independent and complete functions composed of a single semiconductor transistor, and are an important part of the semiconductor industry. There are many kinds of semiconductor discrete devices, including power semiconductor discrete devices, small signal semiconductor discrete devices, optoelectronic devices and sensors. Among them, power semiconductor discrete devices are devices that can withstand higher voltages or currents, such as diodes, thyristors,MOSFET、IGBTWait;Small-signal semiconductor discrete devices are devices that are mainly used for signal amplification or switching control, such as transistors, field effect transistors, etc.;Optoelectronic devices are devices made using the principle of the interaction between light and electricity, such as light-emitting diodes, photodiodes, etc.;The sensor refers to a device that can convert the measured physical quantity into an electrical signal output, such as a temperature sensor, a pressure sensor, etc.

Semiconductor discrete devices have the advantages of simple structure, high reliability and low cost, and are widely used in communications, computers, consumer electronics, automotive electronics and other fields. With the increasing demand and diversification of the downstream end market, the performance requirements for semiconductor discrete devices are also increasing, which promotes technological progress and product updates in the industry. Currently, with silicon carbide(SiC)Gallium Nitride(GaN)The third-generation semiconductor represented by semiconductor power devices is the mainstream of the current semiconductor industry. Compared with the first and second generations, the third generation of wide band gap semiconductor devices has significant advantages in product performance,“fourteen five”During this period, the policies and plans of the state and various provinces and cities are emphasizing the development of semiconductor discrete devices in the field of third-generation semiconductors.

2. Global and China Discrete Semiconductor Device Market Size

(I) Global Market Size

According to data from the Champ Consulting Group,2017-2020In 2010, the size of the global semiconductor discrete device market fluctuated.2017year, the market size is238.28Billion US dollars, year-on-year growth13.6%；2018year, the market size is249.03Billion US dollars, year-on-year growth4.5%；2019year, the market size is238.76billion dollars, down year-on-year4.1%；2020year, the market size is238.04billion dollars, down year-on-year0.3%。2020The slight decline in the size of the global semiconductor discrete device market was mainly due to the impact of the new crown epidemic, the global economic slowdown, weakening downstream demand, and supply chain disruptions that also affected capacity and shipments.

The global semiconductor discrete device market will rebound in 2022, reaching340.6Billion US dollars, year-on-year growth10.1%. With the prevention and control of the epidemic and economic recovery, downstream demand will gradually pick up, while the supply chain will gradually return to normal, conducive to the development of the industry. Global discrete semiconductor market size2023-2026The annual compound annual growth rate is about4.2%. Preliminary calculations,2026In 2010, the global market size of the semiconductor discrete device manufacturing industry will exceed320Billions of dollars.

(II) China Market Size

According to data from the Champ Consulting Group,2017-2019In 2010, the market capacity of semiconductor discrete devices (including optoelectronic devices and sensors) in China showed steady growth.2017year, the market capacity is2290Billion yuan, year-on-year growth13.9%；2018year, the market capacity is2596Billion yuan, year-on-year growth13.4%；2019year, the market capacity is2852Billion yuan, year-on-year growth9.8%。2019-2020In 2012, the demand for semiconductor discrete devices in China was as follows7841Billions and7547100 million, the demand decreased slightly. At the same time, affected by the epidemic at home and abroad,2020China's semiconductor discrete device sales revenue in2019Decreased slightly,2763Billions of dollars.

According to data from the Champ Consulting Group,2022In 2010, the size of China's semiconductor discrete device market will continue to grow, reaching3030Billion yuan, year-on-year growth3.7%. With the effectiveness of domestic epidemic prevention and control and the acceleration of economic recovery, downstream demand will continue to grow, while the state's support and encouragement of the semiconductor industry will also enhance confidence in the development of the industry.2022-2023The scale of China's semiconductor discrete device market will maintain steady growth, benefiting from the continuous pull of downstream demand and the continuous innovation of new technologies. Expected2023Throughout the year, the size of the Chinese market will exceed3300Billions of dollars.

3. Global and China Discrete Semiconductor Device Competition

(I) global competitive landscape

The competitive landscape of the global semiconductor discrete device industry is characterized by regional mismatch. From the supply side, Europe is the world's largest semiconductor discrete device production region, its main manufacturers are interested in French Semiconductor, Infineon,NXPWait. These manufacturers have strong technical advantages and market share in high-end products, and have a wide range of applications in automotive electronics, industrial control and other fields. Japan is the world's second largest supply area, its main manufacturers are Toshiba, Japan Electric, Mitsubishi Electric and so on. These manufacturers have a long history of development and high technical level in power semiconductor discrete devices, and have strong competitiveness in power systems, rail transit and other fields. The United States is the world's third largest supply region, its main manufacturers are ON Semiconductor, Texas Instruments, Otes Semiconductor and so on. These manufacturers have a large market share in small-signal semiconductor discrete devices, and have more applications in communications, computers and other fields.

From the demand side, China is the world's largest consumer of semiconductor discrete devices, and its main demand comes from communications, computers, consumer electronics and other fields. With5GThe rapid development of emerging fields such as communications, the Internet of Things, and artificial intelligence has continuously improved the performance requirements of semiconductor discrete devices, which has promoted the technological progress and product updates of domestic manufacturers. North America is also one of the major markets for semiconductor discrete devices, as consumer demand for discrete semiconductors is greater in the region's large automotive and other industries. The scale of demand in Europe and Japan is relatively small, mainly concentrated in industrial control, power systems and other fields.

(II) China Competitive Landscape

The competition pattern of China's semiconductor discrete device industry presents the coexistence of international manufacturers and domestic manufacturers. International manufacturers such as Ruyi Semiconductor and Infineon have strong technical advantages and market share in high-end products, mainly serving automotive electronics, industrial control and other fields. Domestic manufacturers such as Shilanwei and China Microelectronics have achieved domestic substitution in low-end products and increased investment in the application of new materials, mainly serving communications, computers, consumer electronics and other fields. At present, there is still a certain technological gap and structural imbalance between supply and demand in China's semiconductor discrete device industry. It is necessary to strengthen technological innovation and industrial coordination, improve product performance and quality, and meet the diversified needs of downstream markets.

4. Development Trend of Semiconductor Discrete Device Industry

Application and Innovation of the Third Generation Semiconductor Materials in (I)

The third generation semiconductor material refers to silicon carbide with wide band gap characteristics.(SiC)Gallium Nitride(GaN)And other materials, compared to the first generation. (Silicon)and second generation (gallium arsenide)Semiconductor materials, with higher pressure, temperature resistance, switching speed and other performance advantages, suitable for new energy vehicles,5Gcommunication, smart grid and other fields. With the increasing demand for high efficiency, low power consumption and miniaturization in the downstream market, the application and innovation of third-generation semiconductor materials will become the development trend of the semiconductor discrete device industry. According to data from the Champ Consulting Group,2020The size of the global third-generation semiconductor market in30Billions of dollars, expected2025The year will reach100billion, with a compound annual growth rate of more25%. In China, the third generation semiconductor has also been highly valued and supported by the national and local governments. Many provinces and cities have issued relevant policies and plans to encourage enterprises to increase R & D and investment, and cultivate industrial clusters and innovation platforms. At present, many domestic companies such as China Resources Micro, Shilanwei, Yangjie Technology, China Microelectronics and other companies have made certain breakthroughs and progress in the field of third-generation semiconductors, and some products have been mass-produced and commercialized.

Rapid growth in (II) automotive electronics

Automotive electronics is one of the important application fields of semiconductor discrete devices. With the development of automotive intelligence, electrification and networking, the demand and performance requirements for semiconductor discrete devices continue to increase. In2022-2028During the year, the global automotive electronics market will be7.4%of the compound annual growth rate expanded from2022of the year3012billion dollars to grow2028of the year4520Billions of dollars. Among them, an important part of the automotive electronics field is power semiconductor discrete devices, which are mainly used in powertrain, chassis control, body electronics and other systems. In2022-2028During the year, the global automotive power semiconductor discrete device market will be based on12.5%of compound annual growth rate growth, from2022of the year41billion dollars to grow2028of the year93Billions of dollars. In China, with the rapid development of the new energy automobile industry, the demand for high-efficiency, low-power, and miniaturized power semiconductor discrete devices will continue to grow. According to data from the Champ Consulting Group,2020The market size of China's new energy vehicle power semiconductor discrete devices in10Billions of dollars, expected2025The year will reach40billion, with a compound annual growth rate of over30%。

5. Semiconductor Discrete Device Industry Growth Momentum

Demand pull of (I) downstream end market

The demand for semiconductor discrete devices is mainly driven by the downstream end market. With5GThe rapid development of communications, Internet of Things, artificial intelligence, new energy vehicles and other fields has continuously improved the performance requirements of semiconductor discrete devices, which has promoted technological progress and product updates in the industry. For example, in5GCommunications, due5GBase stations require higher frequency and power output, and traditional silicon-based semiconductor discrete devices have been difficult to meet the demand, while third-generation semiconductor discrete devices suchGaNIt has higher frequency, power, efficiency and other advantages, which can effectively improve5Gperformance and stability of the base station. According to data from the Champ Consulting Group,2020Global Year5Gfor base stationGaNThe size of the semiconductor discrete device market is approximately1.5Billions of dollars, expected2025The year will reach10billion, with a compound annual growth rate of more45%. In the country,5Grapid construction and coverage of the network,GaNThe demand for semiconductor discrete devices will continue to grow. According to data from the Champ Consulting Group,2020Year of China5Gfor base stationGaNThe size of the semiconductor discrete device market is approximately0.6Billions of dollars, expected2025The year will reach4billion, with a compound annual growth rate of over45%。

Driving forces of (II) technological innovation

The development of semiconductor discrete devices is also driven by technological innovation. With the increasing demand for high efficiency, low power consumption and miniaturization in the downstream market, the technical level and product performance of semiconductor discrete devices are also constantly improving. For example, in the field of power semiconductor discrete devices, from the first generation of silicon.(Si)The second generation of gallium arsenide(GaAs)To the third generation of silicon carbide(SiC)Gallium Nitride(GaN)Each generation of technological advances has brought significant improvements in performance. At present, the third generation of semiconductor materials is the mainstream of the development of the current semiconductor industry, with higher pressure, temperature resistance, switching speed and other performance advantages, suitable for new energy vehicles,5Gcommunication, smart grid and other fields. At home and abroad, many companies have carried out technological innovation and product research and development in the field of third-generation semiconductors, which has promoted the development of the industry. For example, ST launched the world's first1200V SiC MOSFETproducts, which are highly competitive in the automotive electronics sector; Infineon launched the world's first650V GaN HEMTproducts, in5GThe field of communications has high efficiency and stability; China Resources Micro launched the first domestic900V SiC MOSFETProducts, in the field of photovoltaic inverter has a high cost performance;650V GaN HEMTThe product has great market potential in the field of fast charging.

6. epilogue

In summary, semiconductor discrete devices are an important part of the semiconductor industry and are widely used in communications, computers, consumer electronics, automotive electronics and other fields.2020The size of the global and Chinese semiconductor discrete device market declined slightly due to the new crown outbreak.2021With the outbreak prevention and control and economic recovery, the global and Chinese semiconductor discrete device market size is expected to rebound.2022-2023The global and Chinese semiconductor discrete device market will maintain steady growth, benefiting from the continuous pull of downstream demand and the continuous innovation of new technologies.

The competitive landscape of the global semiconductor discrete device industry is characterized by regional mismatch, with Europe being the world's largest supply region and China being the world's largest demand region. International manufacturers have strong technical advantages and market share in high-end products, while domestic manufacturers have achieved domestic substitution in low-end products and increased investment in the application of new materials. The development trend of the semiconductor discrete device industry mainly focuses on the application and innovation of the third generation semiconductor materials, silicon carbide.(SiC)Gallium Nitride(GaN)Equal wide band gap semiconductors have higher performance advantages, suitable for new energy vehicles,5Gcommunication, smart grid and other fields.

The growth momentum of the semiconductor discrete device industry is mainly driven by demand and technological innovation in the downstream end market.5GThe rapid development of communications, Internet of Things, artificial intelligence, new energy vehicles and other fields has continuously improved the performance requirements of semiconductor discrete devices, which has promoted technological progress and product updates in the industry. At the same time, with the country's attention and support to the semiconductor industry, as well as the coordinated development of the upstream and downstream of the industrial chain, it provides a good development environment and opportunities for the industry.

Shangpu Consulting believes that the semiconductor discrete device industry is an industry full of vitality and potential, and will usher in more development opportunities and challenges in the future. We suggest that relevant enterprises and investors pay attention to the dynamic changes and technological innovation of the industry, seize the opportunity of market demand and policy support, improve independent innovation capabilities and core competitiveness, and achieve sustainable development.