Compound Semiconductor Market Analysis, Trends, Growth Drivers, Future Prospects, Industry Share, Revenue, Demand and Impact of COVID-19
Research Reports
Apr 06, 2022
According to recent research, the global compound semiconductor market size is witnessed at $89.9 billion in 2019 and is expected to grow at a significant CAGR of 11.1% with market size of $212.9 billion during the forecast period 2020-2027.
A semiconductor is made up of elements that are picked from two or more different periodic table groups and synthesized by deposition technologies to form the compound semiconductors. The semiconductor devices are very important components for many electronic circuits for their unique properties like high operational temperatures, wide bandgap, high current & voltage holding capacity, and the ability for generating microwave signals. These are highly preferred for a high range of technological applications. The compound semiconductors like GaAs and InP are having higher magnitudes compared to silicon and can operate at speeds. Moreover, it can generate and receive a broad range of electromagnetic spectrum from high-frequency ultraviolet-visible spectrum to long-wavelength infrared light.
It is used for emitting and sensing light in the form of general lighting (LEDs) and communications(Lasers and receivers for fiber-optics). Apart, these wafers are used in photonics, spintronics, microelectronics, photovoltaic, and others. These compounds semiconductor offers faster switching at high power coupled with enhanced energy efficiency. The epitaxial wafers are used for increasing the thickness of these semiconductors. The wireless, photonic, and electronic performance of compound semiconductor epitaxial wafers are processed for fabricating the ICs and chips found in various technology devices and gadgets all over the world. The rise in demand for these epitaxial wafers in consumer electronics and the growing trend towards wafers in the automotive industry is predicted to escalate the market growth.
The compound semiconductor market opportunities are rising usage of compound semiconductors in smart technologies and the growing popularity of IoT in wafers are projected to boost the growth of the market.
Key Players
The compound semiconductor market key players are Broadcom, IQE PLC, ABB, Freescale Semiconductor Inc, LM Ericsson Telefon, NXP Semiconductors Skyworks Solutions Qorvo, Taiwan Semiconductor Manufacturing Company Ltd, and others.
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Market Segmentation
The Compound Semiconductor Market is sectioned into four forms type, product, and application.
Type Segmentation: The Compound Semiconductor Market based on type is divided into Gallium Phosphide, Gallium Nitride, Silicon Germanium Gallium Arsenide, and Indium Phosphide.
Product Segmentation: The compound semiconductor market product is classified into power electronics, LED, RF devices, RF switching, Optoelectronics.
Application Segmentation: By application, the semiconductor market is partitioned into various forms like Consumer Devices, General Lighting, Telecommunications, Commercial, Military, defense and aerospace, Datacom, Power supply.
Regional Analysis
By the latest report, the global compound semiconductor market based on the regions is divided into four major regions such as Asia-Pacific, Europe, North America, and the Rest of the World. Out of these regions, Asia-Pacific holds the largest market share due to the presence of emerging markets like India, China, and Japan which have a high demand for semiconductors. Moreover, industrialization and rising urbanization are fueling the market growth in this region. Apart, booming consumer electronics may raise the demand for compound semiconductors. North America and Europe are also holding a significant market share due to the high requirement from end-users, and high investments for the market.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Compound Semiconductor Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Buyers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Market
5 Industry Overview Of Global Compound Semiconductor Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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