Compound Semiconductor Market By Type (III-V COMPOUND SEMICONDUCTOR, II-VI COMPOUND SEMICONDUCTOR, SAPPHIRE, IV-IV COMPOUND SEMICONDUCTOR, Others), By Product (Power Semiconductor, Transistor, Integrated Circuits, Diodes and Rectifiers, Others), By Deposition Technology (Chemical vapor deposition, Molecular beam epitaxy, Hydride vapor phase epitaxy, Ammonothermal, Atomic Layer Deposition, Others), By Application (IT and Telecom, Industry and Energy and Power, Aerospace and Defense, Automotive, Consumer Electronics, Healthcare): Global Opportunity Analysis and Industry Forecast, 2019-2031
The global compound semiconductor market was valued at $90.7 billion in 2019 and is projected to reach $347 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. .
The market for compound semiconductors has significant potential for expansion. Although it is still in the growing stage, within the next few years, it is anticipated that its contribution to the worldwide market would significantly increase.
The manufacturing of compound semiconductor wafers is expensive, which severely restricts market expansion. However, more people are now able to access the technology due to recent advances that incorporate high efficiency and cutting-edge functionality into smart gadgets. With cutting-edge goods, prime players are joining the market for compound semiconductors. Future market growth is anticipated to be fueled by emerging IoT developments and the rise of autonomous products.
The scope of the report discusses the potential opportunities for the market players to enter the compound semiconductor market. This report also provides an in-depth analysis of the market, outlining current trends, key driving factors, and a key areas of investment. It includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder in the value chain. The report features the strategies adopted by the key market players to maintain their foothold in the market.
The Compound Semiconductor Market is segmented on the basis of type, product, deposition technology, application, and region. By type, the market is categorized into III–V compound semiconductors, II–VI compound semiconductors, sapphire, IV–IV compound semiconductors, and others. The III–V compound semiconductors segment is further divided into gallium nitride (GAN), gallium phosphide (GAP), gallium arsenide (GAAS), indium phosphide (INP), and indium antimonide (INSB). The II–VI compound semiconductors segment is classified into cadmium selenide (CDSE), cadmium telluride (CDTE), and zinc selenide (ZNSE). The IV–IV compound semiconductors segment is bifurcated into silicon carbide (SIC) and silicon germanium (SIGE). The others segment includes aluminum gallium arsenide (ALGAAS), aluminum indium arsenide (ALINAS), aluminum gallium nitride (ALGAN), aluminum gallium phosphide (ALGAP), indium gallium nitride (INGAN), cadmium zinc telluride (CDZNTE), and mercury cadmium telluride (HGCDTE).
On the basis of product, compound semiconductors are categorized into power semiconductors, transistors, integrated circuits (ICs), diodes & rectifiers, and others. The transistors segment is further classified into high electron mobility transistors (HEMTs), metal oxide semiconductor field effect transistors (MOSFETs), and metal-semiconductor field effect transistors (MESFETs). The integrated circuit is bifurcated into monolithic microwave integrated circuits (MMICs) and radio frequency integrated circuits (RFICs). The diode & rectifiers segment is further segmented into PIN diode, Zener diode, Schottky diode, and light emitting diode.
By deposition technology, the market is segmented into chemical vapor deposition (CVD), molecular beam epitaxy (MBE), hydride vapor phase epitaxy (HVPE), ammonothermal, liquid phase epitaxy (LPE), atomic layer deposition (ALD), and others.
On the basis of application, the market is segregated into IT & telecom, industrial and energy & power, aerospace & defense, automotive, consumer electronics, and healthcare. IT & telecom is further segmented into signal amplifiers & switching systems, satellite communication applications, radar applications, and RF. Aerospace & defense is classified into combat vehicles, ships & vessels, and microwave radiation. Industrial and energy & power is further segmented into wind turbines and wind power systems. Consumer electronics is further segmented into inverters, LED lighting, and switch mode consumer power supply systems. The automotive segment is further divided into electric vehicles & hybrid electric vehicles, automotive braking systems, rail traction, and automobile motor drives. The healthcare segment is further bifurcated into implantable medical devices and biomedical electronics.
Region-wise, the compound semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the compound semiconductor market analysis from 2019 to 2031 to identify the prevailing compound semiconductor market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the compound semiconductor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global compound semiconductor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
II-VI COMPOUND SEMICONDUCTOR
Cadmium Slenenide
Cadmium Telluride
Zinc Selenide
SAPPHIRE
Others
Aluminum Gallium Arsenide
Aluminum Indium Arsenide
Aluminum Gallium Nitride
Aluminum Gallium Phosphide
Indium Gallium Nitride
Cadmium Zinc Telluride
Mercury Cadmium Telluride
III-V COMPOUND SEMICONDUCTOR
Gallium Nitride
Gallium Phosphide
Gallium Arsenide
Indium Phosphide
Indium Antimonide
By Product
Power Semiconductor
Transistor
HEMT
MOSFET
MESFET
Integrated Circuits
MMIC
RFIC
Diodes and Rectifiers
PIN Diode
Zener Diode
Schokkty Diode
Light-Emitting Diode
Others
By Deposition Technology
Chemical vapor deposition
Molecular beam epitaxy
Hydride vapor phase epitaxy
Ammonothermal
Atomic Layer Deposition
Others
By Application
IT and Telecom
Signal amplifiers and Switching System
Satellite Communication
Radar
Radio Frequency
Industry and Energy and Power
Industry and Energy and Power
Smart Grid
Wind Turbine and Wind Power System
Photovoltaic Invertors
Motor Drives
Aerospace and Defense
Combat Vehicles
Ships and Vessels
Microwave Radiation
Automotive
Automotive
Electric Vehicles and Hybrid Electric Vehicles
Automotive Braking System
Rail Traction
Automobile Motor Drives
Consumer Electronics
Inverters
LED Lighting
SMPS
Healthcare
Implantable Medical Devices
Biomedical Electronics
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
NICHIA CORPORATION
Samsung Electronics Co Ltd
Texas Instruments Inc.
Infineon Technologies AG
Qorvo, Inc
Taiwan Semiconductor Manufacturing Company Limited
NXP Semiconductors.
STMicroelectronics
Renesas Electronics Corporation.
WOLFSPEED, INC.
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