Global Compound Semiconductor Market, By Type (III-V Compound Semiconductors, II-VI Compound Semiconductors, Sapphire, IV-IV Compound Semiconductors, Others), Product (LED, Optoelectronics, RF Devices, Power Electronics) Deposition Technologies (Chemical Vapor Deposition (CVD), Molecular Beam Epitaxy, Hydride Vapor Phase Epitaxy (HVPE), Ammonothermal, Liquid Phase Epitaxy, Atomic Layer Deposition (ALD), Others), Application (General Lighting, Telecommunication, Military, Defense, and Aerospace, Automotive, Power Supply, Datacom, Commercial, Consumer Display, Consumer Devices, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Compound Semiconductor Market Analysis and Insights
Compound semiconductor market size is valued at USD 51.98 billion by 2028 is expected to grow at a compound annual growth rate of 6.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on compound semiconductor provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Compound semiconductor is the type of materials which naturally occur and can be formed by merging elements from two different groups in the periodic table. They can be produced by using deposition technologies. They have unique properties such as high operational temperatures, improved frequency and high band gap.
The growing demand for compound semiconductors in military, defense and aerospace has been directly influencing the growth of compound semiconductor market over the forecast period of 2021 to 2028. Also rapid increase in government and stakeholder funding is also flourishing the growth of the compound semiconductor market. In addition, the increase in demand and implementation of GaN and SiC in the semiconductor industry and increasing use of compound semiconductors in LED applications are also positively impacting the growth of the market. Furthermore, the increasing product use in various electronic applications, counting electronic wafer, electronic film coatings and integrated circuit as well as high radiation resistance are also largely lifting the growth of the compound semiconductor market.
However, the high material and fabrication costs coupled with compound semiconductors and complex designing of compound semiconductors are acting as the major limitations for the growth of compound semiconductor market in the forecast period of 2021 to 2028, whereas the distraction in the supply chain and drop off in demand from OEMs due to the COVID-19 pandemic have the potential to challenge the growth of the compound semiconductor market.
Likewise, the increasing demand for high speed and advanced devices in datacom applications as well as emerging technologies revolutionizing the semiconductor industry and rising automotive, telecom and power industries will further cater ample new opportunities that will lead to the growth of the compound semiconductor market in the above mentioned forecasted period.
This compound semiconductor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on compound semiconductor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Compound Semiconductor Market Scope and Market Size
Compound semiconductor market is segmented on the basis of type, product, deposition technologies and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The type segment of the compound semiconductor market is segmented into III-V compound semiconductors, II-VI compound semiconductors, sapphire, IV-IV compound semiconductors and others. III-V compound semiconductors have further been segmented into indium antimonide, gallium phosphide, indium phosphide, gallium nitride and gallium arsenide.
- Based on product, the compound semiconductor market is segmented into LED, optoelectronics, RF devices and power electronics. RF devices have further been segmented into RF power, RF switching and others. Power electronics have further been segmented into discrete, bare die and module. Discrete is further sub-segmented into transistor and diode. Transistor is further bifurcated into metal oxide field-effect transistor (MOSFET) and high electron mobility transistor (HEMT). Diode is further sub-segmented into schottky diode and PIN diode.
- On the basis of deposition technologies, the compound semiconductor market is segmented into chemical vapor deposition (CVD), molecular beam epitaxy, hydride vapor phase epitaxy (HVPE), ammonothermal, liquid phase epitaxy, atomic layer deposition (ALD) and others.
- Compound semiconductor market is also segmented on the basis of application into general lighting, telecommunication, military, defense, and aerospace, automotive, power supply, datacom, commercial, consumer display, consumer devices and others.
Compound Semiconductor Market Country Level Analysis
Compound semiconductor market is analyzed and market size, volume information is provided by country, type, product, deposition technologies and application as referenced above.
The countries covered in the compound semiconductor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the compound semiconductor market due to the strong demand from the consumer electronics manufacturing industry associated with high product penetration in the region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to increasing demand from the various end-use industries in the U.S., Canada and Mexico within this particular region.
The country section of the compound semiconductor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Compound Semiconductor Market Share Analysis
Compound semiconductor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compound semiconductor market.
The major players covered in the compound semiconductor market report are NICHIA CORPORATION, Qorvo, Inc., SAMSUNG, ams AG, Skyworks Solutions, Inc., GaN Systems, Cree, Inc., Infineon Technologies AG, STMicroelectronics, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Broadcom, Lumentum Operations LLC, NXP Semiconductors, Sumitomo Electric Industries, Ltd., Renesas Electronics Corporation, NeoPhotonics Corporation, Microchip Technology Inc., II-VI Incorporated, Efficient Power Conversion Corporation and Mitsubishi Electric Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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