Indium Phosphide Wafer Market - Growth, Trends, Forecasts (2022 - 27)
The Indium Phosphide Wafer Market was valued at USD 124.93 million and is expected to reach USD 268.29 million by 2027, registering a CAGR of 13.97% during the forecast period (2022 - 2027). Indium Phosphide (InP) has properties that produce highly efficient lasers, modulators, and sensitive photodetectors. It can also generate laser signals and convert and identify those signals back to the electronic form. These are used for company networks and data centers, long-haul optical fiber connections over far distances, wireless connections for 3G, 5G, and LTE base stations, and satellite communication. The growth in such requirements is driving the market.
Key HighlightsThe growing presence of big manufacturers in the InP wafer manufacturing sector is expected to intensify competitive rivalry during the forecast period. Market incumbents, such as JX Nippon Mining & Metals Corporation, Powerway Advanced Material Co. Ltd, etc., considerably influence the overall market.
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