Global Compound Semiconductor Market Segments 2024, Forecast To 2033
5 Mar, 2024
The compound semiconductor market demonstrated strong growth, increasing from $73.91 billion in 2023 to $80.67 billion in 2024, with a 9.1% CAGR. Historical growth is attributed to applications in renewable energy and military industries. Expected to grow to $113.3 billion in 2028, the forecast period highlights space technology and AI integration, with trends like 5G technology and electric vehicle revolution shaping the market.
Global Compound Semiconductor Market Key Driver
The compound semiconductor market is expected to witness growth with the significant expansion of the electronics industry. In the UK, there were 71.8 million mobile connections in 2022, surpassing the country's population. The UK is expected to have 65 million smartphone users by 2025. The compound semiconductors are crucial for making chips and microchips for electronic devices. The growth in the electronics industry drives the demand for compound semiconductors.
Get A Free Sample Of The Global Compound Semiconductor Market ReportGlobal Compound Semiconductor Market Segments
The compound semiconductor market covered in this report is segmented –
1) By Type: Gallium Arsenide (GaAs), Silicon Carbide (SiC), Indium Phosphide (InP), Silicon Germanium (SiGe), Gallium Phosphide (GaP), Other Types
2) By Deposition Technologies: Chemical Vapor Deposition (CVD), Molecular Beam Epitaxy, Hydride Vapor Phase Epitaxy (HVPE), Ammonothermal, Liquid Phase Epitaxy, Atomic Layer Deposition (ALD), Other Deposition Technologies
3) By Application: General Lighting, Telecommunication, Military, Defense, And Aerospace, Automotive, Power Supply, Datacom, Consumer Display, Commercial, Consumer Devices, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the compound semiconductor market in 2023. North America is expected to be the fastest-growing region in the compound semiconductor market during the forecast period. The regions covered in the compound semiconductor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Compound Semiconductor Industry Players
Nichia Corporation; Samsung Electronics Co Ltd; Qorvo Inc; Wolfspeed Inc; WIN Semiconductors Corp; Infineon Technologies AG; Telefonaktiebolaget LM Ericsson; NXP Semiconductors NV; Sumitomo Electric Industries Ltd; Renesas Electronics Corporation; Cree Inc; Mitsubishi Electric Corporation; Skyworks Solutions Inc; Texas Instruments Incorporated; Taiwan Semiconductor Manufacturing Company Ltd; Advanced Wireless Semiconductor Company; Analog Devices Inc; Broadcom Inc; GaN Systems Inc; Microchip Technology Inc.; Semiconductor Components Industries LLC; ams-OSRAM AG; STMicroelectronics NV; Aixtron SE; Applied Materials Inc; ASML Holding NV; CVD Equipment Corporation; IQE PLC; KLA Corporation; Lumentum Holdings Inc
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AIOps Compound Semiconductor Market Overview
Compound semiconductors are substances made of two or more elements that are often symmetrically straddled about group 4 of the periodic table. Compound semiconductors are used in the creation of optoelectronic components used in photovoltaics, high-density data storage, solid-state lighting, and optical communication systems.
Compound Semiconductor Global Market Report 2023 provides data on the global compound semiconductor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The compound semiconductor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.