Compound Semiconductor Market – Global Overlook of Industry and Forecast (2022-2029)

Compound Semiconductor Market size was valued at US$ 34.57 Bn. in 2021. Compound Semiconductor will encourage a great deal of transformation in Power Supply Industry.

Compound Semiconductor Market Overview:

Compound semiconductors are made up of two or more elements from the same or distinct periodic table groups. Various deposition processes, including chemical vapor deposition, atomic layer deposition, and others, are used to make them. They have distinctive attributes such as high temperature and heat resistance, increased frequency, high magnetic sensitivity, faster operation, and optoelectronic features, to name a few.Global Compound Semiconductor MarketTo know about the Research Methodology:-Request Free Sample Report

Compound Semiconductor Market Dynamics:

Incandescent bulbs, fluorescent bulbs, and CFLs are all being phased out in favor of EDs. LEDs are becoming more widely used in a variety of applications, including general lighting, vehicle lighting, and signs displays. Compound semiconductor materials, which are made up of elements from groups III and V of the periodic table, are used in LEDs (these are known as III-V materials). Gallium nitride (GaN), gallium arsenide (GaAs), and gallium phosphide are all III-V materials that are routinely utilized to create LEDs (GaP). The high expenditure involved in the full industry procedures in the supply chain is a primary factor limiting the compound semiconductor market's growth. The total average expenditure per compound semiconductor device across the whole supply chain is significantly higher than the average expenditure per pure silicon semiconductor device. The main reason for this is that all of the processes are complex, novel, use advanced technology, and necessitate expensive state-of-the-art equipment. Also, among the engineering community and executives of compound semiconductor sector companies, they lack familiarity and essential skills in manufacturing procedures. The rising use of RF power in military, defense, and aerospace applications presents an opportunity for compound semiconductor industry growth. The usage of RF power devices in areas like avionics and radar systems would help the military and aerospace markets flourish. The usage of InP and GaAs in the development of newer and more advanced products will help the military, defense, and aerospace industries grow even faster. In the MWIR band, GaAs-based switches are employed in military RF-based power devices. In the design of compound semiconductor devices, there is a significant level of design complexity. The main issue for designers is to increase efficiency while lowering costs and simplifying the structure. Also, the variable needs of different applications add to the power and RF device's design complexity. Aside from their complicated architecture, the packaging of these devices has a significant impact on the functioning of the circuits and systems in which they will be put. Compound semiconductors' capacity to emit and perceive light in the form of general illumination (LEDs) and fiber-optic lasers and receivers is fueling demand. LEDs have become more widely used in lights and fixtures as the cost of production and installation has decreased. Megacities focus on infrastructure development to fulfill the requirements of a growing population, and governments assist consumers in installing energy-efficient lighting to lower their electricity consumption expenses. Moreover, high raw material and fabrication costs associated with compound semiconductors may limit market growth; however, strong demand for electronic devices and wireless technologies, as well as a significant investment by major players to expand production capacity and lower manufacturing costs, will provide ample opportunity.

Recent Development:

In May 2021, OSRAM, and ams subsidiary, introduced the OSRAM 24V TEC Flex family, which provides homogeneous illumination for a variety of indoor and outdoor applications. TEC Flex Tunable White (TW) can be utilized to maintain a high color yield while continually adjusting the color temperature from 2700 K to 6500 K. In March 2021, ON Semiconductor and GT Advanced Technologies (GTAT) (US) signed a five-year deal for the manufacturing and supply of silicon carbide material. GTAT will produce and supply ON Semiconductor with its CrystX silicon carbide (SiC) material under this deal. Decawave (Ireland), a pioneer in ultra-wideband (UWB) technology and developer of UWB solutions for mobile, car, and IoT applications, was acquired by Qorvo in February 2021. Within the Qorvo Mobile Products business, the Decawave team has been renamed the Ultra-Wideband Business Unit (UWBU).

Compound Semiconductor Market Segmentation:

By Application, Power Supply is expected to grow at a CAGR of 7.4% through the forecast period. Compound semiconductor devices are game-changers in the power supply business. Because of the benefits compound semiconductors bring to end-user businesses, they have spread across numerous verticals and industries. Users can operate in the double-conversion mode with GaN and SiC devices while maintaining high efficiency. Using these devices in UPSs can help with size reduction, improved power quality, and cost savings. When compared to silicon and hybrid competitors, these offer different advantages. Traditional silicon insulated-gate bipolar transistors (IGBTs) have no advantage against power loss, while hybrid modules based on compound semiconductors can minimize power loss by up to 46%, and full GaN-based UPS devices can reduce power loss by up to 100%.

Compound Semiconductor Market Regional Insights:

Asia Pacific region dominated the market with a 41 % share in 2021. Because the majority of market vendors are based in South Korea, China, and Taiwan, the Asia Pacific region is likely to dominate the compound semiconductor market. In addition to cheap labor costs, the region has a significant variety of raw material suppliers. In the defense sector, gallium nitride technology is rapidly being employed in radar, electronic warfare, and communication systems to meet strict high-performance, high-power, and long-life cycle demands, thus replacing laterally diffused MOSFET components. Asian countries are investing heavily in the defense sector to modernize their equipment with cutting-edge technology. The adoption of computers and machines for the effective and efficient control of systems has increased as industrial automation has increased. Compound semiconductor devices, which can endure high temperatures and voltages, play a significant role in guaranteeing efficient power usage within a smaller application. The objective of the report is to present a comprehensive analysis of the Compound Semiconductor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Compound Semiconductor market dynamics, structure by analyzing the market segments and projecting the Compound Semiconductor market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Compound Semiconductor market make the report investor’s guide.

Compound Semiconductor Market Scope: Inquire before buying

Global Compound Semiconductor Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 34.57 Bn.
Forecast Period 2022 to 2029 CAGR: 6% Market Size in 2029: US $ 55.09 Bn.
Segments Covered: by Type ● Gallium Nitride (GaN) ● Gallium Arsenide (GaAs) ● Silicon Carbide (SiC) ● Indium Phosphide (InP) ● Silicon Germanium (SiGe) ● Gallium Phosphide (GaP) ● Others
by Product ● LED ● Optoelectronics ● RF Devices o RF Power o RF Switching o Other RF Devices ● Power Electronics
by Application ● General Lighting ● Telecommunication ● Military, Defense, and Aerospace ● Automotive ● Power Supply ● Datacom ● Commercial ● Consumer Display ● Consumer Devices ● Others

Compound Semiconductor Market, by Region

• North America • Europe • Asia Pacific • MEA • Latin America

Compound Semiconductor Market Key Players are:

Cree Inc. • International Quantum Epitaxy Plc. • Freescale Semiconductor Inc. • LM Ericsson Telefon AB • Taiwan Semiconductor Manufacturing Company Ltd. • Renesas Electronics Corporation • Texas Instruments, Inc. • STMicroelectronics NV • Infineon Technologies AG • Toshiba Corporation • Mining & Chemical Products Ltd. • Umicore Indium Products • United Mineral & Chemical Corp • Nichia Corporation • Samsung Electronics • Qorvo • NXP Semiconductor N.V.

Frequently Asked Questions:

1. Which region has the largest share in Global Compound Semiconductor Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Compound Semiconductor Market? Ans: The Global Compound Semiconductor Market is expected to grow at a CAGR of 6% during forecast period 2022-2029. 3. What is scope of the Global Compound Semiconductor market report? Ans: Global Compound Semiconductor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Compound Semiconductor market? Ans: The important key players in the Global Compound Semiconductor Market are – Cree Inc., International Quantum Epitaxy Plc., Freescale Semiconductor Inc., LM Ericsson Telefon AB, Taiwan Semiconductor Manufacturing Company Ltd., Renesas Electronics Corporation, Texas Instruments, Inc., STMicroelectronics NV, Infineon Technologies AG, Toshiba Corporation, Mining & Chemical Products Ltd., Umicore Indium Products, United Mineral & Chemical Corp, Nichia Corporation, Samsung Electronics, Qorvo, and NXP Semiconductor N.V. 5. What is the study period of this market? Ans: The Global Compound Semiconductor Market is studied from 2021 to 2029.
1. Global Compound Semiconductor Market Size: Research Methodology 2. Global Compound Semiconductor Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Compound Semiconductor Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Compound Semiconductor Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region ● North America ● Europe ● Asia Pacific ● The Middle East and Africa ● South America 3.12. COVID-19 Impact 4. Global Compound Semiconductor Market Size Segmentation 4.1. Global Compound Semiconductor Market Size, by Type (2021-2029) ● Gallium Nitride (GaN) ● Gallium Arsenide (GaAs) ● Silicon Carbide (SiC) ● Indium Phosphide (InP) ● Silicon Germanium (SiGe) ● Gallium Phosphide (GaP) ● Others 4.2. Global Compound Semiconductor Market Size, by Product (2021-2029) ● LED ● Optoelectronics ● RF Devices o RF Power o RF Switching o Other RF Devices ● Power Electronics 4.3. Global Compound Semiconductor Market Size, by Application (2021-2029) ● General Lighting ● Telecommunication ● Military, Defense, and Aerospace ● Automotive ● Power Supply ● Datacom ● Commercial ● Consumer Display ● Consumer Devices ● Others 5. North America Compound Semiconductor Market (2021-2029) 5.1. North America Compound Semiconductor Market Size, by Type (2021-2029) ● Gallium Nitride (GaN) ● Gallium Arsenide (GaAs) ● Silicon Carbide (SiC) ● Indium Phosphide (InP) ● Silicon Germanium (SiGe) ● Gallium Phosphide (GaP) ● Others 5.2. North America Compound Semiconductor Market Size, by Product (2021-2029) ● LED ● Optoelectronics ● RF Devices o RF Power o RF Switching o Other RF Devices ● Power Electronics 5.3. North America Compound Semiconductor Market Size, by Application (2021-2029) ● General Lighting ● Telecommunication ● Military, Defense, and Aerospace ● Automotive ● Power Supply ● Datacom ● Commercial ● Consumer Display ● Consumer Devices ● Others 5.4. North America Compound Semiconductor Market, by Country (2021-2029) ● United States ● Canada ● Mexico 6. European Compound Semiconductor Market (2021-2029) 6.1. European Compound Semiconductor Market, by Type (2021-2029) 6.2. European Compound Semiconductor Market, by Product (2021-2029) 6.3. European Compound Semiconductor Market, by Application (2021-2029) 6.4. European Compound Semiconductor Market, by Country (2021-2029) ● UK ● France ● Germany ● Italy ● Spain ● Sweden ● Austria ● Rest Of Europe 7. Asia Pacific Compound Semiconductor Market (2021-2029) 7.1. Asia Pacific Compound Semiconductor Market, by Type (2021-2029) 7.2. Asia Pacific Compound Semiconductor Market, by Product (2021-2029) 7.3. Asia Pacific Compound Semiconductor Market, by Application (2021-2029) 7.4. Asia Pacific Compound Semiconductor Market, by Country (2021-2029) ● China ● India ● Japan ● South Korea ● Australia ● ASEAN ● Rest Of APAC 8. The Middle East and Africa Compound Semiconductor Market (2021-2029) 8.1. The Middle East and Africa Compound Semiconductor Market, by Type (2021-2029) 8.2. The Middle East and Africa Compound Semiconductor Market, by Product (2021-2029) 8.3. The Middle East and Africa Compound Semiconductor Market, by Application (2021-2029) 8.4. The Middle East and Africa Compound Semiconductor Market, by Country (2021-2029) ● South Africa ● GCC ● Egypt ● Nigeria ● Rest Of ME&A 9. Latin America Compound Semiconductor Market (2021-2029) 9.1. South America Compound Semiconductor Market, by Type (2021-2029) 9.2. South America Compound Semiconductor Market, by Product (2021-2029) 9.3. South America Compound Semiconductor Market, by Application (2021-2029) 9.4. South America Compound Semiconductor Market, by Country (2021-2029) ● Brazil ● Argentina ● Rest Of Latin America 10. Company Profile: Key players 10.1. Cree Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. International Quantum Epitaxy Plc. 10.3. Freescale Semiconductor Inc. 10.4. LM Ericsson Telefon AB 10.5. Taiwan Semiconductor Manufacturing Company Ltd. 10.6. Renesas Electronics Corporation 10.7. Texas Instruments, Inc. 10.8. STMicroelectronics NV 10.9. Infineon Technologies AG 10.10. Toshiba Corporation 10.11. Mining & Chemical Products Ltd. 10.12. Umicore Indium Products 10.13. United Mineral & Chemical Corp 10.14. Nichia Corporation 10.15. Samsung Electronics 10.16. Qorvo 10.17. NXP Semiconductor N.V.

About This Report

Report ID 28695
Category Electronics
Published Date Jan 2023
Updated Date
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