Global Compound Semiconductor Market Growth 2023-2029

Global Compound Semiconductor Market Growth 2023-2029

Compound semiconductors are semiconductors that are made from two or more elements. Silicon is made from a single element, and therefore is not a compound semiconductor.

Most compound semiconductors are from combinations of elements from GroupIII and GroupV of the Periodic Table of the Elements (GaAs, GaP, InP and others). Other compound semiconductors are made from Groups II and VI (CdTe, ZnSe and others). It is also possible to use different elements from within the same group (IV), to make compound semiconductors such as SiC.

LPI (LP Information)' newest research report, the “Compound Semiconductor Industry Forecast” looks at past sales and reviews total world Compound Semiconductor sales in 2022, providing a comprehensive analysis by region and market sector of projected Compound Semiconductor sales for 2023 through 2029. With Compound Semiconductor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compound Semiconductor industry.

This Insight Report provides a comprehensive analysis of the global Compound Semiconductor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compound Semiconductor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compound Semiconductor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compound Semiconductor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compound Semiconductor.

The global Compound Semiconductor market size is projected to grow from US$ 1029.7 million in 2022 to US$ 1550 million in 2029; it is expected to grow at a CAGR of 1550 from 2023 to 2029.

Japan is the largest producer of Compound Semiconductor, with a market share nearly 25%. It was followed by North America with 20%. Sumitomo Electric Industries, SCIOCS, Mitsubishi Chemical, Dow Corning and Shin-Etsu Chemical are the top 5 manufacturers of industry, and they had about 40% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Compound Semiconductor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Gallium Arsenide (GaAs)

Gallium Nitride (GaN)

Silicon Carbide (SiC)

Others

Segmentation by application

Electronic Components

Photonic Device

Optoelectronic Devices

Integrated Circuit

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

IQE PLC

Sumitomo Electric Industries

SCIOCS

Mitsubishi Chemical

San’an Optoelectronics

DuPont

Shin-Etsu Chemical

DOWA

Freiberger

JX Nippon Mining & Metals

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compound Semiconductor market?

What factors are driving Compound Semiconductor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Compound Semiconductor market opportunities vary by end market size?

How does Compound Semiconductor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.