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Global Compound Semiconductor Market By Type (Gallium Nitride (GaN), Gallium Arsenide (GaAs), Indium Phosphide (InP), Silicon Germanium (SiGe), Silicon Carbide (SiC), and Gallium Phosphide (GaP)), By Product (LED, RF Power, Optoelectronics, and Power Electronics), By Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Compound Semiconductor Market Overview:
The compound semiconductor is integrated on a semiconductor single crystal chip by interconnecting active components such as transistors and diodes and passive components such as resistors and capacitors by a certain circuit. Compound semiconductors mainly refer to the second and third-generation semiconductors such as gallium arsenide (GaAs), gallium nitride (GaN), and silicon carbide (SiC). Compared with the first generation single-element semiconductors, they have much better high-frequency and high-temperature performance.
Global Compound Semiconductor Market Insights
The global compound semiconductor market projected to grow at a substantial rate in the future. It is owing to its unique properties like high frequency, high operational temperature, and high bandgap. A compound semiconductor has an extensive application base as its material consumes less power with broad temperature limits and, it is used for fabrication of integrated circuits and electronics’ film coating.
With the acceleration of 5G and the electrification of automobiles, the use of compound semiconductors is increasing. The proportion of wireless control and data connections in home electronics is growing, and audio and video devices are becoming more wireless. Coupled with the increasing popularity of notebook computers, the market for such products has brought new opportunities for the application of compound semiconductors.
Growth Driver
Higher usage of compound semiconductor in LED application
LEDs are a tiny bulb that can easily fit in the electric circuit and have high efficiency and low power life and, if properly installed, can function for a decade. LED usage has been increased over a while due to its various applications among smart gadgets like Mobiles, Smartwatches, PCs, Tablets, and others. LED has a GaN-based compound that has light-emitting diodes and are cost-effective and also operates at a lower voltage. Therefore, LED companies are exploring new opportunities and technology in the market, which will bolster the growth of the global compound semiconductor market.
High Radiation Resistance
The compound semiconductors market is boosting due to its high radiation resistance, which is required for scientific applications. A semiconductor is made up of silicon and gallium, which reduce the weight of the rocket. Moreover, the semiconductor has reduced the weight and size of the electrons, which are found in rockets.
Type Segmental Analysis
Based on Type, the global compound semiconductor market classified into Gallium Nitride (GaN), Gallium Arsenide (GaAs), Indium Phosphide (InP), Silicon Germanium (SiGe), Silicon Carbide (SiC), and Gallium Phosphide (GaP). Gallium Nitride (GaN) has captured a strong market base and will forecast to grow at a substantial rate. Due to higher frequency and high-power range compared to others. Moreover, Gallium arsenide (GaAs) is the core material for wireless communications, benefiting from 5G megatrends. Compared with the first generation of silicon semiconductors, gallium arsenide has the characteristics of high frequency, radiation resistance, and high-temperature resistance, so widely used in mainstream commercial wireless communications, optical communications, and military defense applications.
Product Segmental Analysis
Based on the product, the global compound semiconductor market categorized into LED, RF, Optoelectronics, and Power Electronics. The LED segment has anticipated the biggest among others in the compound semiconductor market. LEDs are made up of GaN semiconductors, which are cost-effective and long durability. Moreover, LEDs are extensively used in gadgets like smartphones, smartwatches, and many others. Therefore, demand for LEDs is increasing owing to its various properties that are catering to multiple industries.
Application Segmental Analysis
Based on application, the global compound semiconductor market classified into Telecommunications, General Lighting, Military & Defense, Datacom, and Automotive. The telecommunications segment has captured the largest market share. Owing to an increase in wireless technology as semiconductors provide wide temperature limits, lower power consumption, and high electron mobility, which are useful for device and equipment. Moreover, the compound semiconductor used in space applications for coating rockets and jumpsuits for resisting radiation.
Region Segmental Analysis
Based on geography, the global compound semiconductor market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region expected to be projected higher growth in the forecast period from 2020-2027. Owing to increasing LED demand in the lighting segment like automotive lighting, and telecommunication segment. China and India and many other countries in the APAC region are majorly focusing on adopting 5G technology, which would increase the infrastructure as well as demand for compound semiconductors in the market.
Competitor Analysis
Companies such as Nichia, Samsung Electronics, OSRAM, Qorvo and Skyworks, Cree, GaN Systems, Infineon, Mitsubishi Electric, NXP Semiconductors, ON Semiconductor, Analog Devices, Broadcom, Efficient Power Conversion Corporation, Lumentum, NeoPhotonics, San’an Optoelectronics, STMicroelectronics and others are the key players in the global compound semiconductor market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global compound semiconductor manufacturing companies
- Research organizations and consulting companies
- Organizations, associations, and alliances related to compound semiconductor.
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In June 2021, Samsung Group announced that it would invest USD 206 billion in the next three years to expand its mark in biopharmaceuticals, artificial intelligence, semiconductors, and robotics in the post-pandemic era.
- In May 2020, OSRAM launched a new 24V TEC Flex family that offers uniform illumination for an outspread range of outdoor and indoor applications. TEC Flex Tunable White (TW) can continuously modulate the color temperature from 2700 K to 6500 K while maintaining a high color yield
- In March 2020, ON Semiconductor signed a 5-year agreement with GT Advanced Technologies to produce and supply silicon carbide material. This agreement is valued at approximately USD 50 million.
- In February 2020, Qorvo acquired Decawave, a pioneer in ultra-wideband technology and UWB solutions for mobile, automobile, and IoT applications. The Decawave team has become the Ultra-Wideband Business Unit within the Qorvo Mobile Products segment.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
By Product
- LED
- RF
- Optoelectronics
- Power Electronics
By Application
- Telecommunications
- General Lighting
- Military & Defense
- Datacom
- Automotive
- Others
By Region
- Europe
- North America
- Asia Pacific
- South America
Middle East & Africa
Global Compound Semiconductor Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Compound Semiconductor Market Overview
- Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Market Size & Forecast, 2016-2027
- Europe Compound Semiconductor Market Overview
- Europe Compound Semiconductor Size & Forecast, 2016-2027
- By Value (USD Million)
- Europe Compound Semiconductor Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Compound Semiconductor Market
- By Type
- Europe Compound Semiconductor Size & Forecast, 2016-2027
- North America Compound Semiconductor Market Overview
- North America Compound Semiconductor Market Size & Forecast, 2016-2027
- By Value (USD Million)
- North America Compound Semiconductor Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Compound Semiconductor Market
- By Type
- North America Compound Semiconductor Market Size & Forecast, 2016-2027
- Asia Pacific Compound Semiconductor Market Overview
- Asia Pacific Compound Semiconductor Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Asia Pacific Compound Semiconductor Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Compound Semiconductor Market
- By Type
- Asia Pacific Compound Semiconductor Market Size & Forecast, 2016-2027
- South America Compound Semiconductor Market Overview
- South America Compound Semiconductor Market Size & Forecast, 2016-2027
- By Value (USD Million)
- South America Compound Semiconductor Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Compound Semiconductor Market
- By Type
- South America Compound Semiconductor Market Size & Forecast, 2016-2027
- Middle East & Africa Compound Semiconductor Market Overview
- Middle East & Africa Compound Semiconductor Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Middle East & Africa Compound Semiconductor Market Share & Forecast, 2016-2027
- By Type
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Silicon Germanium (SiGe)
- Silicon Carbide (SiC)
- Gallium Phosphide (GaP)
- By Product
- LED
- RF
- Optoelectronics
- Power Electronics
- By Application
- Telecommunications
- General Lighting
- Military & Defence
- Datacom
- Automotive
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Compound Semiconductor Market
- Middle East & Africa Compound Semiconductor Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Nichia
- Samsung Electronics
- OSRAM
- Qorvo and Skyworks
- Cree
- GaN Systems
- Infineon
- Mitsubishi Electric
- NXP Semiconductors
- ON Semiconductor
- Analog Devices
- Broadcom
- Efficient Power Conversion Corporation
- Lumentum
- NeoPhotonics
- San’an Optoelectronics
- STMicroelectronics
- Other Prominent Players
Frequently Asked Questions (FAQ):
The global compound semiconductor market is calculated to be USD 33.6 billion in 2020 and is projected to reach USD 44.5 billion by 2027.
The global Compound semiconductor market is expanding at a CAGR of 6.4% from 2021 to 2027.
The segmentation of the compound semiconductor market is based on Type, Product, Application, and Region.
Increase in demand and implementation of GaN and SiC in the semiconductor industry. The more use of compound semiconductors in LED utilization are the main driving factors for the market globally. Also, the increase in demand for high speed and modern devices in Datacom applications and the increasing demand for compound semiconductors in military, defense, and aerospace applications are the main opportunities for the market players.
Nichia, Samsung Electronics, OSRAM, Qorvo and Skyworks, Cree, GaN Systems, Infineon, Mitsubishi Electric, NXP Semiconductors, ON Semiconductor, Analog Devices, etc., are the key players operative in the market globally.
