Report Id: SNS/SEMI/2442 | July 2022 | Region: Global | 134 Pages
Report Scope & Overview:
The Compound Semiconductor Market Size was valued at USD 37.24 billion in 2022, and expected to reach USD 59.80 billion by 2030, and grow at a CAGR of 6.1% over the forecast period 2023-2030.
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).
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
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
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 37.24 Billion |
Market Size by 2030 | US$ 59.80 Billion |
CAGR | CAGR of6.1% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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