Insights on the Compound Semiconductor Global Market to 2027

DUBLIN, Jan. 24, 2023 /PRNewswire/ -- The "Compound Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to  ResearchAndMarkets.com's offering.

The global compound semiconductor market size reached US$ 106.76 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 146.78 Billion by 2027, exhibiting a CAGR of 5.45% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.Semiconductors refer to materials that exhibit electrical conductivity between conductors and insulators. At the same time, compound semiconductors are manufactured from two or more different groups of chemical elements in the periodic table. Zinc sulphide (ZnS), gallium arsenide (GaAs), silicon-germanium (SiGe), indium phosphide (InP), gallium nitride (GaN), silicon carbide (SiC) and zinc selenide (ZnSe) are some of the common elements used in compound semiconductors.

The devices made from compound semiconductors exhibit various unique properties, such as high electron mobility and bandgap, enhanced frequency, better current and voltage holding capacity, temperature resistance, breakdown electric fields, faster operation and greater ability to generate microwave signals. As a result, compound semiconductors are widely used in telecommunications, defense, aerospace, automotive, healthcare, electronics and information technology (IT) industries.

Compound Semiconductor Market Trends:

The increasing product demand in light-emitting diode (LED) applications across the globe is creating a positive outlook for the market growth. Compound semiconductors are widely used to sense and emit different color lights in the form of general lighting and signage displays.

Additionally, the significant growth in the electronics industry is also favoring the market growth as it is extensively applied in high-frequency devices, information displays and optical devices.

Moreover, the increasing utilization of technologies, such as machine learning (ML), artificial intelligence (AI) and the Internet of Things (IoT) for the manufacturing of compound semiconductors are providing an impetus to the market growth. These technologies assist in monitoring inventory control, enhancing the quality and providing maximum operational efficacy.

Furthermore, the rising product demand in the automotive industry in autonomous and electric vehicles is positively impacting the market growth.

Other factors, including the increasing product utilization in diagnosis and imaging equipment and surgical instrumentation in the healthcare industry, along with the implementation of various government initiatives to promote the installation of energy-efficient lighting sources, are anticipated to drive the market further toward growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report:

How has the global compound semiconductor market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global compound semiconductor market?

What are the key regional markets?

What is the breakup of the market based on the type?

What is the breakup of the market based on the product?

What is the breakup of the market based on the deposition technology?

What is the breakup of the market based on the application?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global compound semiconductor market and who are the key players?

What is the degree of competition in the industry?

Key Topics Covered:

1 Preface2 Scope and Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Compound Semiconductor Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Type6.1 III-V Compound Semiconductor6.1.1 Market Trends6.1.2 Key Segments6.1.2.1 Gallium Nitride6.1.2.2 Gallium Phosphide6.1.2.3 Gallium Arsenide6.1.2.4 Indium Phosphide6.1.2.5 Indium Antimonide6.1.3 Market Forecast6.2 II-VI Compound Semiconductor6.2.1 Market Trends6.2.2 Key Segments6.2.2.1 Cadmium Selenide6.2.2.2 Cadmium Telluride6.2.2.3 Zinc Selenide6.2.3 Market Forecast6.3 Sapphire6.3.1 Market Trends6.3.2 Market Forecast6.4 IV-IV Compound Semiconductor6.4.1 Market Trends6.4.2 Market Forecast6.5 Others6.5.1 Market Trends6.5.2 Market Forecast7 Market Breakup by Product7.1 Power Semiconductor7.1.1 Market Trends7.1.2 Market Forecast7.2 Transistor7.2.1 Market Trends7.2.2 Market Forecast7.3 Integrated Circuits7.3.1 Market Trends7.3.2 Market Forecast7.4 Diodes and Rectifiers7.4.1 Market Trends7.4.2 Market Forecast7.5 Others7.5.1 Market Trends7.5.2 Market Forecast8 Market Breakup by Deposition Technology8.1 Chemical Vapor Deposition8.1.1 Market Trends8.1.2 Market Forecast8.2 Molecular Beam Epitaxy8.2.1 Market Trends8.2.2 Market Forecast8.3 Hydride Vapor Phase Epitaxy8.3.1 Market Trends8.3.2 Market Forecast8.4 Ammonothermal8.4.1 Market Trends8.4.2 Market Forecast8.5 Atomic Layer Deposition8.5.1 Market Trends8.5.2 Market Forecast8.6 Others8.6.1 Market Trends8.6.2 Market Forecast9 Market Breakup by Application9.1 IT and Telecom9.1.1 Market Trends9.1.2 Market Forecast9.2 Aerospace and Defense9.2.1 Market Trends9.2.2 Market Forecast9.3 Automotive9.3.1 Market Trends9.3.2 Market Forecast9.4 Consumer Electronics9.4.1 Market Trends9.4.2 Market Forecast9.5 Healthcare9.5.1 Market Trends9.5.2 Market Forecast9.6 Industrial and Energy and Power9.6.1 Market Trends9.6.2 Market Forecast10 Market Breakup by Region11 SWOT Analysis12 Value Chain Analysis13 Porters Five Forces Analysis14 Price Analysis15 Competitive Landscape15.1 Market Structure15.2 Key Players15.3 Profiles of Key Players15.3.1 Infineon Technologies AG15.3.1.1 Company Overview15.3.1.2 Product Portfolio15.3.1.3 Financials15.3.1.4 SWOT Analysis15.3.2 Microchip Technology Inc.15.3.2.1 Company Overview15.3.2.2 Product Portfolio15.3.2.3 Financials15.3.2.4 SWOT Analysis15.3.3 Mitsubishi Electric Corporation15.3.3.1 Company Overview15.3.3.2 Product Portfolio15.3.3.3 Financials15.3.3.4 SWOT Analysis15.3.4 NXP Semiconductors N.V.15.3.4.1 Company Overview15.3.4.2 Product Portfolio15.3.4.3 Financials15.3.4.4 SWOT Analysis15.3.5 onsemi15.3.5.1 Company Overview15.3.5.2 Product Portfolio15.3.5.3 Financials15.3.5.4 SWOT Analysis15.3.6 Qorvo Inc.15.3.6.1 Company Overview15.3.6.2 Product Portfolio15.3.6.3 Financials15.3.6.4 SWOT Analysis15.3.7 Renesas Electronics Corporation15.3.7.1 Company Overview15.3.7.2 Product Portfolio15.3.7.3 Financials15.3.7.4 SWOT Analysis15.3.8 STMicroelectronics15.3.8.1 Company Overview15.3.8.2 Product Portfolio15.3.8.3 Financials15.3.8.4 SWOT Analysis15.3.9 Texas Instruments Incorporated15.3.9.1 Company Overview15.3.9.2 Product Portfolio15.3.9.3 Financials15.3.9.4 SWOT Analysis15.3.10 WIN Semiconductors Corp.15.3.10.1 Company Overview15.3.10.2 Product Portfolio15.3.10.3 Financials15.3.11 Wolfspeed Inc.15.3.11.1 Company Overview15.3.11.2 Product Portfolio15.3.11.3 Financials15.3.11.4 SWOT Analysis

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