Lucintel Forecasts the Global Light Triggered ThyristorMarket to Reach $0.2 billion by 2030
Lucintel Forecasts the Global Light Triggered ThyristorMarket to Reach $0.2 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global light triggered thyristor market looks promising with opportunities in the consumer electronics, automotive, electronics, and aviation sector markets. The global light triggered thyristor market is expected to reach an estimated $0.2 billion by 2030 from $0.1 billion in 2024,at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing demand for LTTs in automotive and high government initiatives promoting clean energy, and technological innovation.
A more than 150-page report to understand trends, opportunity and forecast in light triggered thyristor market to 2030 by type (high power and low power), application (consumer electronics, automotive, electronics, aviation sector, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that low power is expected to witness higher growth over the forecast period due to fast switching application.
Within this market, automotive will remain the largest segment due to engine control, transmission control, and anti-lock braking systems.
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APAC is expected to witness highest growth over the forecast period due to increasing demand for the region automotive, consumer electronics, electronics, and aviation sectors.
Infineon, STMicroelectronics, ON Semiconductor, Mitsubishi Electric, ABBare the major suppliers in the light triggered thyristor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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