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Compound Semiconductor Market

Compound Semiconductor Market Size, Share & Segment By Type (Gallium Nitride, Silicon Carbide, Indium Antimonide, Gallium Phosphide, Gallium Arsenide, Indium Phosphide, Silicon Germanium, Cadmium Selenide, Cadmium Telluride, Zinc Selenide, Others) By Product (LED, RF Devices, Optoelectronics, Power Electronics) By Application (General Lighting, Military, Defense, And Aerospace, Power Supply, Commercial, Consumer Devices, Telecommunication, Automotive, Datacom, Consumer Display, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2442 | July 2022 | Region: Global | 134 Pages

Report Scope & Overview:

The Compound Semiconductor Market Size was valued at USD 35.1 billion in 2021, and expected to reach USD 53.4 billion by 2028, and grow at a CAGR of 6.1% over the forecast period 2022-2028.

A compound semiconductor is a semiconductor that is made up of elements from two or more different periodic table groups and is created using deposition technologies. Semiconductor devices are essential components of most electronic circuits because they have unique properties such as a wide band gap, high operational temperatures, high current and voltage holding capacity, and the ability to generate microwave signals. Compound semiconductors offer significant performance advantages that are critical for a growing number of technological applications. Compound semiconductors such as GaAs and InP can operate at much higher speeds than silicon. Furthermore, compound semiconductors can generate and receive electromagnetic radiation spanning the entire electromagnetic spectrum, from high frequency ultraviolet visible light to long wavelength infrared light. Compound semiconductor materials also have the ability to emit and sense light in the form of general lighting (LEDs) and communications (lasers and receivers for fiber-optics).

Compound Semiconductor Market

MARKET DYNAMICS:

KEY DRIVERS:

  • Compound semiconductors are widely used in LED applications.

  • Increased demand for and use of GaN and SiC in the semiconductor industry.

  • Increased funding from the government and stakeholders.

RESTRAINTS:

  • Material and fabrication costs for compound semiconductors are high.

OPPORTUNITIES:

  • New technologies are reshaping the semiconductor industry.

  • In datacom applications, there is a growing demand for high-speed, advanced devices.

  • Automotive, telecommunications, and power industries are expanding.

CHALLENGES: 

  • To design compound semiconductors it is difficult due to its complex design.

IMPACT OF COVID-19: 

The spread of covid 19 is causing unprecedented changes in global markets. During this time, there are more losses and challenges. Market operations are being hampered by supply chain disruptions. The compound semiconductor market is dominated by a few large companies. This period has seen developments in the market for tier one and tier two key players. The compound semiconductor market, on the other hand, has been impacted by the covid 19. High losses are being experienced in regions such as North America and Asia Pacific. South Korean compound semiconductor facilities were also forced to close for 45 days. It has resulted in significant losses in the Asia-Pacific region. Furthermore, Mexico is experiencing severe supply chain disruption. Another challenge in the compound semiconductor market is the low production rate. However, the market's effects after Covid 19 appear to be positive.

Based on type, the compound semiconductor market is segmented by Gallium Nitride, Silicon Carbide, Indium Antimonide, Gallium Phosphide, Gallium Arsenide, Indium Phosphide, Silicon Germanium, Cadmium Selenide, Cadmium Telluride, Zinc Selenide and Others.

Based on product, the compound semiconductor market is segmented by LED, RF Devices, Optoelectronics and Power Electronics. During the forecast period, the compound semiconductor market for power electronics products is expected to grow at the fastest rate. This is due primarily to rising demand for SiC and GaN power semiconductors in applications such as hybrid and electric vehicles, power supplies, and photovoltaic (PV) inverters. Increased sales of hybrid and electric vehicles are driving the market. As many global governments strive to reduce air pollution, demand for both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) will rise significantly in the coming years. It is expected to drive the power electronics market.

Based on application, the compound semiconductor market is segmented by General Lighting, Military, Defense, and Aerospace, Power Supply, Commercial, Consumer Devices, Telecommunication, Automotive, Datacom, Consumer Display and Others. Compound semiconductor devices are game changers in the power supply industry. Because of the benefits it provides to end-user industries, compound semiconductors have spread to a variety of verticals and industries. Users of GaN and SiC devices can operate in double-conversion mode while maintaining high efficiencies. Using these devices in UPS can help with size reduction, increased power quality, and cost reduction. These have distinct advantages over silicon and hybrid counterparts.

COMPETITIVE LANDSCAPE:

The key players in the compound semiconductor market are Nichia Corporation, Samsung Electronics, NXP Semiconductor, Infineon Technologies, Taiwan Semiconductor, QORVO, CREE, Renesas Electronics Corporation, Stmicroelectronics and Texas Instruments Incorporated.

MARKET SEGMENT:

BY TYPE

  • Gallium Nitride

  • Silicon Carbide

  • Indium Antimonide

  • Gallium Phosphide

  • Gallium Arsenide

  • Indium Phosphide

  • Silicon Germanium

  • Cadmium Selenide

  • Cadmium Telluride

  • Zinc Selenide

  • Others

BY PRODUCT

  • LED

  • RF Devices

  • Optoelectronics

  • Power Electronics

BY APPLICATION

  • General Lighting

  • Military, Defense, and Aerospace

  • Power Supply

  • Commercial

  • Consumer Devices

  • Telecommunication

  • Automotive

  • Datacom

  • Consumer Display

  • Others

Compound Semiconductor Market

REGIONAL ANALYSIS:

The compound semiconductor market is segmented into three regions, Asia Pacific, Europe, and North America. Other regional market players will be dominated by Asia Pacific. Semiconductors are in high demand in emerging markets such as India, China, and Japan. Insuctiralisation and growing urbanisation are also factors influencing market demand. The expanding consumer electronics market will provide ample opportunities for semiconductors. North America and Europe are also important regions. Demand is increasing due to high demand from end users. Furthermore, these regions have significant market investments. In North America, new developments and product launches are expected. Europe will have the fastest growth rate during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Compound Semiconductor Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 35.1 Billion
Market Size by 2028 US$ 53.4 Billion
CAGR CAGR of6.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Gallium Nitride, Silicon Carbide, Indium Antimonide, Gallium Phosphide, Gallium Arsenide, Indium Phosphide, Silicon Germanium, Cadmium Selenide, Cadmium Telluride, Zinc Selenide, Others)
• By Product (LED, RF Devices, Optoelectronics, Power Electronics)
• By Application (General Lighting, Military, Defense, And Aerospace, Power Supply, Commercial, Consumer Devices, Telecommunication, Automotive, Datacom, Consumer Display, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Nichia Corporation, Samsung Electronics, NXP Semiconductor, Infineon Technologies, Taiwan Semiconductor, QORVO, CREE, Renesas Electronics Corporation, Stmicroelectronics and Texas Instruments Incorporated.
Key Drivers • Compound semiconductors are widely used in LED applications.
• Increased demand for and use of GaN and SiC in the semiconductor industry.
RESTRAINTS • Material and fabrication costs for compound semiconductors are high.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 53.4 billion by 2028.

The key players in the compound semiconductor market are Nichia Corporation, Samsung Electronics, NXP Semiconductor, Infineon Technologies, Taiwan Semiconductor, QORVO, CREE, Renesas Electronics Corporation, Stmicroelectronics and Texas Instruments Incorporated.

Compound semiconductors are widely used in LED applications, Increased demand for and use of GaN and SiC in the semiconductor industry, Increased funding from the government and stakeholders.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Compound Semiconductor Market Segmentation, by type

8.1Introduction

8.2 Gallium Nitride

8.3 Silicon Carbide

8.4 Indium Antimonide

8.5 Gallium Phosphide

8.6 Gallium Arsenide

8.7 Indium Phosphide

8.8 Silicon Germanium

8.9 Cadmium Selenide

8.10 Cadmium Telluride

8.11 Zinc Selenide

8.12 Others

 

9. Compound Semiconductor Market Segmentation, by product

9.1Introduction

9.2 LED

9.3 RF Devices

9.4 Optoelectronics

9.5 Power Electronics

 

10. Compound Semiconductor Market Segmentation, by application

10.1 Introduction

10.2 General Lighting

10.3 Military, Defense, and Aerospace

10.4 Power Supply

10.5 Commercial

10.6 Consumer Devices

10.7 Telecommunication

10.8 Automotive

10.9 Datacom

10.10 Consumer Display

10.11 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 NXP Semiconductor

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Nichia Corporation

12.3 Samsung Electronics

12.4 Infineon Technologies

12.5 Taiwan Semiconductor

12.6 QORVO

12.7 CREE

12.8 Renesas Electronics Corporation

12.9 Stmicroelectronics

12.10 Texas Instruments Incorporated

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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Secondary Research

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