Indium Phosphide Compound Semiconductor Market Outlook - 2030
The global Indium Phosphide compound semiconductor market size was valued at $ 4.5 Billion in 2020, and is projected to reach $13.40 Billion by 2030, registering a CAGR of 11.90%.
Indium phosphide (InP) is a binary semiconductor which is composed of Indium and Phosphorus. This type of compound semiconductor is similar to GaAs and other III-V semiconductors. It offers superior electron velocity compared to silicon (Si) and gallium arsenide (GaAs); lower base sheet resistance; higher base electron diffusivity; and has direct band gap. Growth of the indium phosphide compound semiconductor industry is driven by factors including rise in demand for high speed internet connectivity in a number of telecom and datacom applications; significant growth in usage of indium Phosphide wafers photonic and semiconductor applications, and emerging trends toward compound semiconductor wafers in the automotive industry.
By region, the indium phosphide compound semiconductor market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a significant Indium Phosphide compound semiconductor market share in 2020 and is expected to be lucrative market in terms of revenue during the forecast period.
By Product
Power Semiconductors segment generated the highest revenue in 2020.
North America is the second largest region, in terms of revenue generation, in the global indium phosphide compound semiconductors market. The telecommunication industry is well-established in North America, which has led to increased adoption of compound semiconductors. In addition, rapid growth in the sales of consumer electronic products supplements the Indium Phosphide compound semiconductor market growth. Moreover, increase in defense expenditure and widespread use of compound semiconductors in healthcare, consumer electronics, and automotive industries drive the growth of the market.
The key players profiled in the report include Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT Inc., Semiconductor Wafer, Inc. (SWI), Wafer World Inc., IQE, MACOM Technology Solutions, Logitech Ltd., IntelliEPI, and Xiamen Powerway Advanced Material Co., Ltd. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the indium phosphide compound semiconductor market.
By Application
Power Electronics segment generated the highest revenue in 2020.
Top Impacting Factors
Growth of the Indium Phosphide compound semiconductor market is driven by factors including rise in demand for high speed internet connectivity in a number of telecom and data com applications; advantages associated with the Indium Phosphide compound semiconductor, and emerging trends toward compound semiconductor wafers in the automotive industry. However, high-cost and disadvantages associated with compound semiconductor materials and components are expected to hamper the growth of the market. On the contrary, emerging use of compound semiconductors in smart technologies is expected to create lucrative growth opportunities for the global indium phosphide compound semiconductor market industry.
Competitive Analysis
Competitive analysis and profiles of the major Indium phosphide compound semiconductor market players such as Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT Inc., Semiconductor Wafer, Inc. ( SWI), Wafer World Inc., IQE, MACOM Technology Solutions, Logitech Ltd., IntelliEPI, and Xiamen Powerway Advanced Material Co., Ltd.
By End User
IT and Telecom segment generated the highest revenue in 2020.
Covid-19 Impact Analysis
The emergence of coronavirus has become a disastrous issue worldwide. There is a halt in production process, owing to the global lockdown scenario causing disruption in the overall supply chain of electronic components. COVID-19 outbreak has also caused lag in meeting requirements of end users as the epicenter of virus outbreak Wuhan, China accounts for the largest manufacturing items of electronic components. On January 30, 2020, the outbreak of this disease on a global scale was acknowledged as a Public Health Emergency of International Concern. On February 11, 2020, WHO announced the name for the new Coronavirus disease as 2019 novel coronavirus (2019-nCoV) and the disease as 2019 Coronavirus disease (COVID-19) caused due to Coronavirus SARS-Cov-2.
The COVID-19 crisis has led to falling business confidence, uncertainty in the stock market, and immense slowing of the supply chain operations. The overall impact of the pandemic is impacting the production process of several industries including Semiconductor and Electronics, and others. Trade barriers are further constraining the demand and supply outlook. The overall production process is adversely affected as the government of different countries has already announced total lockdown and temporarily shutdown of industries.
By Region
Asia-Pacific segment generated the highest revenue in 2020.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global Indium phosphide compound semiconductor market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall Indium phosphide compound semiconductor market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current Indium phosphide compound semiconductor market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the Indium phosphide compound semiconductor market share of key vendors.
- The report includes the market trends and the Indium phosphide compound semiconductor market opportunity of key vendors.
Indium Phosphide Compound Semiconductor Market, by Product Report Highlights
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 Key Market Players | Wafer World Inc., Sumitomo Electric Industries, Ltd., Semiconductor Wafer, Inc. ( SWI ), AXT Inc., MACOM Technology Solutions, II-VI Incorporated, IQE, Xiamen Powerway Advanced Material Co., Ltd., Logitech Ltd., IntelliEPI |
Analyst Review
The indium phosphide compound semiconductor market is projected to depict a prominent growth during the forecast period, owing to rise in demand for high speed internet connectivity in a number of telecom and datacom applications, significant growth in usage of indium phosphide wafers photonic and semiconductor applications, and emerging trends toward compound semiconductor wafers in the automotive industry.
According to the insights of the CXOs of leading companies, the indium phosphide compound semiconductors market holds high potential in the IT & telecom, industrial, transport, consumer electronics, and healthcare sector. The current business scenario experiences rapid development in smart transport and connectivity leading to readiness to adopt smart sensors, particularly in the developed and the developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features. This has boosted the demand for indium phosphide compound semiconductors.
However, high cost and disadvantages associated with compound semiconductor materials and components may hamper the growth of the market. On the contrary, emerging use of compound semiconductors in smart technologies is expected to create lucrative growth opportunities for the global indium phosphide compound semiconductor market.
The indium phosphide compound semiconductors market provides numerous growth opportunities to the market players such as Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT Inc., Semiconductor Wafer, Inc. ( SWI ), Wafer World Inc., IQE, MACOM Technology Solutions, Logitech Ltd., IntelliEPI, and Xiamen Powerway Advanced Material Co., Ltd.
The indium phosphide compound semiconductor market is estimated to grow at a CAGR of 11.90% from 2021 to 2030.
The indium phosphide compound semiconductor market is projected to reach $13.40 Billion by 2030.
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Increase in defense expenditure and widespread use of compound semiconductors in healthcare, consumer electronics, and automotive industries.
The key players profiled in the report include Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT Inc., Semiconductor Wafer, Inc. (SWI), and many more.
On the basis of top growing big corporations, we select top 10 players.
indium phosphide compound semiconductor market by Product, Application, End User, and Region
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