Knowledge Sourcing Intelligence announces the publication of a new report on “Compound Semiconductor Market - Forecasts from 2019 to 2026” to their giving.
The prime factors driving the growth of the compound semiconductor market are surging urbanization and growing demand by consumer electronics and the automotive industry.
As per the report, the market about Compound Semiconductor Market is expected to grow at a steady pace.
Compound semiconductors are semiconductors made from more than one element, particularly from elements in group 3 and group 5. Some compound semiconductors can also be made from group 2 and group 6. Group 4 has such unique properties that elements within this group can be used for the production of compound elements. However, in comparison with single-element semiconductors, such as silicon, compound semiconductors are difficult to produce and carry a risk of defeats. But recent research and development have innovative them, having a lower cost than silicon.
Based on the end-user industry, the market for compound semiconductors is fragmented into automotive, consumer electronics, healthcare, communication and technology, energy and power, and others. the consumer electronic market segment demand is anticipated to grow at an exponential rate owing to surging demand for the same. Automotive and energy and power will also face significant growth with surging demand. However, the high costs which are involved in the whole industry supply chain may hinder the market growth. Moreover, lack of familiarity and expertise further constraints the market.
By geography, the market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The Asia Pacific region is predicted to grow at an immense rate due to skyrocketing demand for consumer electronics such as smartphones and smartwatches. Increased disposable income is another reason for increased expenditure. The automotive sector also drives huge market demand in the region. The North American region will dominate the market with its state-of-art infrastructure and earlier adoption of technology.
As a part of the report, the major players operating in the compound semiconductor market, that have been covered are Sumitomo Electric Industries Inc., Toshiba Corporations, SCIOCS, Mitsubishi Chemical Corporation, Qorvo Inc., Texas Instruments Incorporated, GaN Systems, and Kyma Technologies.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/compound-semiconductor-market
This analytics report segments the compound semiconductors market on the following basis