IMARC Group, a leading market research company, has recently releases report titled “Compound Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compound semiconductor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Compound Semiconductor Market?
The global compound semiconductor market size reached US$ 112.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 150.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is Compound Semiconductor?
Compound semiconductors are formed by combining two or more elements from different groups in the periodic table. Silicon-germanium (SiGe), silicon carbide (SiC), indium phosphide (InP), indium antimonide (InSb), zinc selenide (ZnSe), gallium arsenide (GaAs) and gallium nitride (GaN) are some commonly used elements to manufacture compound semiconductor. It provides several advantages, such as enhanced frequency, high electron mobility and bandgap, temperature resistance, and better current and voltage holding capacity, ideal for high-speed, photonic, and high-power device technologies. As a result, compound semiconductors are widely adopted in electronics, information, and technology (IT), industrial, defense, automotive, telecommunications, healthcare, and aerospace sectors.
Request for a free sample copy of this report: https://www.imarcgroup.com/compound-semiconductor-market/requestsample
What are the growth prospects and trends in the Compound Semiconductor Industry?
The market is primarily driven by the escalating demand for compound semiconductors in high-frequency electronic applications such as electronic wafers, film coatings, and integrated circuits (IC). In addition, the increasing use of compound semiconductors in automotive and general lighting is contributing to the market growth. Moreover, the widespread adoption of artificial intelligence (AI) and the rising electrification of vehicles represent other major growth-inducing factors.
Besides this, the growing popularity of light-emitting diodes (LED) for lighting and signage displays is providing a positive thrust to the market growth. Along with this, the implementation of numerous government initiatives to promote the installation of energy-efficient lighting sources and the surging product need in the healthcare industry for diagnosis and imaging equipment, biomedical electronics, and implantable medical devices are accelerating the product adoption rate.
Furthermore, the extensive use of compound semiconductor materials in scientific applications such as jumpsuits and rocket coatings due to their high radiation resistance and research and development (R&D) activities conducted by leading market players are also creating a favorable global market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
· III-V Compound Semiconductor
o Gallium Nitride
o Gallium Phosphide
o Gallium Arsenide
o Indium Phosphide
o Indium Antimonide
· II-VI Compound Semiconductor
o Cadmium Selenide
o Cadmium Telluride
o Zinc Selenide
· Sapphire
· IV-IV Compound Semiconductor
· Others
Breakup by Product:
· Power Semiconductor
· Transistor
· Integrated Circuits
· Diodes and Rectifiers
· Others
Breakup by Deposition Technology:
· Chemical Vapor Deposition
· Molecular Beam Epitaxy
· Hydride Vapor Phase Epitaxy
· Ammonothermal
· Atomic Layer Deposition
· Others
Breakup by Application:
· IT and Telecom
· Aerospace and Defense
· Automotive
· Consumer Electronics
· Healthcare
· Industrial and Energy and Power
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors N.V., onsemi, Qorvo Inc., Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, WIN Semiconductors Corp. and Wolfspeed Inc.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6188&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
Comments
0 comment