Global Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive) and by region (North America, Europe, Asia Pacific, Middle East &Africa, and South America) to be worth US$ 154.998 Bn by 2026 at the CAGR of 11.05% during 2017 and 2026.
Increase in demand for optoelectronic device, compound semiconductor’s significant features, like less power consumption, low price, and reduced heat dissipation, are some of the key factors driving the market growth. However, this technology is much more primitive when compared to silicon, which is a restraint for the market. Rise in usage of optical devices, photovoltaic cells, and modules & wireless communication products is expected to provide attractive opportunity for the compound semiconductor market.
GaN LEDs are used in applications like general lighting, consumer devices, commercial, and automotive. Therefore, rising adoption of GaN is expected to provide market opportunities. GaN devices ample opportunities once 5G deployment becomes the mainstream. In the military segment, GaN application varies from electronic warfare to radar to communications. GaN technology is helping designers meet reduced size, weight, and power requirements for the EW system. Power electronics is another important area for GaN. GaN-based power devices play a key role in the power conversion market.
LED and RF are major products for the compound semiconductor market in Asia Pacific, while power electronics exhibit high potential for the market in Asia Pacific. LEDs are expected to dominate the overall compound semiconductor market because of the high adoption in lighting applications in Asia Pacific. China and Japan are leading countries for consumption of LEDs; however, developing countries in APAC are also expected to exhibit growth potential during the forecast period. Automotive lighting is the wildest growing application of the LED market. Increasing penetration of LEDs in various types of vehicles is expected to drive the growth of automotive LEDs.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as MC10, Physical Optics Corporation, Dialog Semiconductor, Intelesens Ltd, 3M, Koninklijke Philips N.V., Plastic Electronics GmbH, ROTEX Global, SMARTLIFEINC LIMITED, VivaLNK, Xenoma, and Xsensio.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Compound Semiconductor market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Compound Semiconductor. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Compound Semiconductor market positioning of competitors.
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