- Compound semiconductors, which include materials such as gallium nitride (GaN), gallium arsenide (GaAs), silicon carbide (SiC), and indium phosphide (InP), are gaining prominence due to their superior properties including high electron mobility, thermal conductivity, and frequency performance
- The market is experiencing rapid growth in segments such as radio frequency (RF) communication, power electronics, and photonics, where traditional silicon-based semiconductors fall short
- North America dominated the compound semiconductor market with the largest revenue share of 38.2% in 2024, driven by strong demand from automotive, defense, and telecommunication sectors
- Asia-Pacific region is expected to witness the highest growth rate in the global compound semiconductor market, driven by large-scale adoption of smartphones, electric vehicles, and renewable energy systems in countries such as China, Japan, South Korea, and India
- The III-V compound semiconductors segment accounted for the largest market revenue share in 2024, driven by their high electron mobility and direct bandgap properties, which make them ideal for high-speed and optoelectronic applications. These materials, such as gallium arsenide and indium phosphide, are widely used in radio frequency devices, LEDs, and photovoltaic cells. Their efficiency in high-frequency and high-power conditions contributes significantly to their demand across telecom and aerospace industries
