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The phrase "direct competitor" is a correct and usable phrase in written English.
It is typically used in business contexts to refer to a company or organization that offers similar products and services to another company or organization. For example, "Apple is a direct competitor to Samsung in the smartphone market."
Exact(56)
Siemens is a direct competitor of General Electric.
Google is, in fact, a direct competitor with NBBC.
FindTheBest is not a direct competitor to Google.
That would make it a direct competitor to Skype.
"We still don't have a direct competitor," Ms. Pieri says.
"But we don't necessarily see this as a direct competitor [to sorted collections].
The car's most direct competitor is the least-costly Mercedes S-Class, the S430.
Similar(4)
Personal Capital doesn't have many direct competitors.
They are not direct competitors to Patagonia.
We would be direct competitors for this job.
The two companies, once friends, are now direct competitors.
Related(20)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com