Compound Semiconductor Market is expected to grow at a CAGR of 11.24% to reach US$68.915 billion by 2022, increasing from US$40.452 billion in 2017. The compound semiconductor is formed by combining two or more elements of the different or same group of the periodic table. Factors like high-temperature resistance due to the high band gap, faster operation and optoelectronic properties due to direct band gap are some of the key advantages augmenting the demand of compound semiconductors over the forecast period. Compound semiconductor market will be driven by next-generation 5G technologies which would require greater speed and minimum latency.
By End-User Industry
By end-user industry segment, consumer electronics accounted for the major market share in 2016 and is expected to grow at a decent CAGR. This growth is largely driven by the introduction of smartphones powered by GaAs-based solar cells coupled with an increase in the number of smartphones and other smart devices in the market. Moreover, increasing adoption of LEDs in consumer electronics segment is further expected to boost this segment’s growth.
Geographically, Asia Pacific region is expected to grow at a high rate owing to rapid industrialization and urbanization, especially in emerging economies like India, China, and South Korea. The growing demand for power applications coupled with developing wireless infrastructure is expected to boost the compound semiconductor market growth over the forecast period. North America is expected to grow at a moderate rate, with high demand originating from the United States.
The global compound semiconductor market is highly competitive with the presence of a large number of regional and international players. The vendors are focused towards technological advancement in order to provide an efficient product at competitive price. Moreover, strategies like product line extension and merger and acquisitions are being implemented by key players to enhance their position in this competitive market. Some of the major players discussed in the report are Cree, IQE, Skyworks Solution, Qorvo, Broadcom, NXP Semiconductors, Taiwan Semiconductor Manufacturing Company, Ericsson, and Analog Devices among others.
Compound Semiconductor market has been segmented by material type, deposition technology, End-User industry, and geography as below:
By Material Type
III-V Compound Semiconductor
II-IV Compound Semiconductor
IV-IV Compound Semiconductor
By Deposition Technology
Chemical Vapor Deposition (CVD)
Metal Organic Chemical Vapor Deposition (MOCVD)
Molecular Beam Epitaxy (MBE)
Hydride Vapor Phase Epitaxy (HVPE)
Liquid Phase Epitaxy (LPE)
Atomic Layer Deposition (ALD)
By End-User Industry
Communication and Technology
Aerospace and Defense
Europe Middle East and Africa
Middle East and Africa
Key questions answered by the report
What will be the Compound Semiconductor market size from 2017 to 2022?
How are the major drivers and restraints affecting the global Compound Semiconductor market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth