Loading...

Compound Semiconductor Market Expected to Reach $212.9 Billion By 2027

 
 

quote According to a recent report published by Allied Market Research, titled, “Compound Semiconductor Market By Type, Deposition Technology, Product, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027”, the global compound semiconductor market was valued at $89.9 billion in 2019, and is projected to reach $212.9 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027. quote

Divyanshi Tewari
Lead Analyst, Semiconductors & Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, "Compound Semiconductor Market By Type, Deposition Technology, Product, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027", the global compound semiconductor market was valued at $89.9 billion in 2019, and is projected to reach $212.9 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027.

The compound semiconductors market is currently in its growth stage and is expected to register substantial growth in the near future, owing to the high investment in R&D activities by market players and increase in focus toward Internet of Things (IoT). Other factors that drive the market growth include increase in demand for automobile & electronics and development of smart devices.

Emerging technologies, such as artificial intelligence (AI) and quantum computing, require compound semiconductors to achieve full commercialization. The UK has a rich heritage of microprocessor design, with companies such as ARM and Imagination Technologies, and new start-up companies designing AI processors, such as Bristol based GraphCore which creates lucrative opportunities for its market growth globally.

North America is the second largest region, in terms of revenue generation, in the global 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 market growth. Moreover, increase in defense expenditure and widespread use of compound semiconductors in healthcare, consumer electronics, and automotive industries drive the compound semiconductor market growth.

The development of next-generation smart technologies is expected to utilize a range of new materials, including superconductors, carbon nanotubes, and compound semiconductors such as GaN. New types of cable, power electronics, cable insulators, cable dielectrics, and energy storage devices are essential parts of a smart grid and smart infrastructures. Furthermore, increase in usage of these technologies is expected to fuel the demand for GaN and other compound semiconductors, as the market matures.

Moreover, incorporation of advanced compound semiconductor devices and modules is expected to promote new smart infrastructure efficiencies, which includes improving power system control & reliability, reducing costs, and enhancing power quality & equipment lifespan. Thus, development of smart technologies is expected to provide lucrative opportunity for the compound semiconductor epitaxial wafer market growth.

According to compound semiconductor market trends, China accounts for 50% of worldwide semiconductor consumption. The outbreak of COVID-19 is having a major impact on both customers and companies. Electronics manufacturing hubs have been temporarily been shut down to limit the virus spread. This is affecting the global supply chain, which is further expected to impact the suppliers and manufacturers, globally. COVID-19 is highlighting potential risk and vulnerability of electronics industry and semiconductor value chain model.

The demand from the wireless communication segment is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, the IoT, AI, and intelligent edge computing for future optimization

Key Findings of the Study:

  • By type, the IV-IV Compound Semiconductor segment generated the highest revenue in the global compound semiconductor market forecast in 2019.
  • By deposition technology, the chemical vapor deposition segment generated the highest revenue in the global compound semiconductor market in 2019.
  • By product, the power semiconductor segment generated the highest revenue in the global compound semiconductor market forecast in 2019.
  • By application, the IT & Telecom segment generated the highest revenue in the global compound semiconductor market in 2019.

The key compound semiconductor market leaders profiled in the report include Cree Inc., Nichia Corporation, Samsung Electronics, Qorvo, NXP Semiconductor N.V., Taiwan Semiconductor Manufacturing Company Ltd., Renesas Electronics Corporation, Texas Instruments Inc., STMicroelectronics NV, and Infineon Technologies AG. These key players adopt several strategies such as new product launch & development, acquisition, partnership & collaboration, and business expansion to increase the compound semiconductor market share during the forecast period.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Compound Semiconductor Market By Type (III-V Compound Semiconductors, II-VI Compound Semiconductors, Sapphire, IV-IV Compound Semiconductors, and Others), Deposition Technology (Chemical Vapor Deposition, Molecular Beam Epitaxy, Hydride Vapor Phase Epitaxy, Ammonothermal, Liquid Phase Epitaxy, Atomic Layer Deposition, and Others), Product (Power Semiconductor, Transistors, Integrated Circuits, Diodes & Rectifiers, and Others), and Application (IT & Telecom, Industrial and Energy & Power, Aerospace & Defense, Automotive, Consumer Electronics, and Healthcare): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Compound Semiconductor Market"
Purchase Enquiry