Compound Semiconductor Market

Compound Semiconductor Market Size by Type (GaN, GaAs, SiC, InP), Product (LED, Optoelectronics, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Consumer Devices, Power Supply) & Region - Global Forecast to 2027

Report Code: SE 2588 Nov, 2022, by marketsandmarkets.com

Updated on : September 08 , 2023

The Compound Semiconductor Market size is projected to reach USD 55.8 billion by 2027 at a CAGR of 6.6% during the forecast period.

Growing demand for SiC devices in power electronics, continuous emergence of technologies in GaN ecosystem are among the factors driving the growth of the compound semiconductor industry.

Compound Semiconductor Market

Compound Semiconductor Market Forecast to 2027

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Compound Semiconductor Market Dynamics:

Driver: Growing demand for SiC devices in power electronics

Compared with silicon-based devices, SiC devices have 10 times the breakdown electric field strength and three times the thermal conductivity. This property reduces device complexity and cost, thereby improving reliability and making them suitable for different high-voltage applications, such as solar inverters, power supplies, and wind turbines. The growing demand for power electronics drives the growth of the SiC power device market. Power electronics ensure the control and conversion of electrical power effectively and efficiently. The rising demand for power electronics across verticals, such as aerospace, medical, and defense, is crucial in increasing the adoption of SiC power devices.

Restraint: High material and fabrication costs associated with compound semiconductors

The major factor restraining the growth of the compound semiconductor market is the high expenditure involved in the complete industry processes in the supply chain. The total average expenditure per compound semiconductor device of all the supply chain processes put together (including expenditure from both complete upstream and downstream) is much more than the average expenditure per pure silicon semiconductor device. The primary reason is that all processes are complex, new, employ advanced technologies, and require high-priced state-of-the-art equipment. Also, they lack familiarity and required expertise in manufacturing processes among the engineering community and executives of compound semiconductor industry players.

As compound semiconductors are commercially synthesized in high-temperature environments, they are more expensive than Si raw material, while Si can be easily extracted from silica that occurs naturally. During device fabrication, several factors make it costlier for foundries and fabs, such as the lesser number of foundry and fab facilities. Moreover, the final phases, such as assembly, testing, and packaging, are costlier due to the lack of advanced technology-based suitable equipment. Due to the reasons mentioned above, the semiconductor industry players are skeptical about entering the compound semiconductor industry. Therefore, the growth of the compound semiconductor industry value chain and the development of industry segments are hindered, affecting the growth in the number of players in this market.

Opportunity: Potential use of GaN in 5G infrastructure development

5G wireless base stations are required to incorporate technologies that deliver efficiency, performance, and value. GaN solutions are vital components to deliver these features. Compared to Laterally Diffused Metal-Oxide-Semiconductor (LDMOS), GaN-on-SiC offers significant 5G base station efficiency and performance improvements. Other benefits offered by GaN-on-SiC include improved thermal conductivity, high robustness and reliability, better efficiency at higher frequencies, and similar performance in a smaller size MIMO array. Power amplifiers for all transmission cells in the network (micro, macro, pico, and femto/home routers) are expected to benefit from GaN and could, therefore, significantly impact next generation 5G deployment.

Challenge: Complexity in design of compound semiconductors

There is a high level of design complexity in designing compound semiconductor devices. The major challenge for designers is to achieve better efficiency while keeping the cost low and the structure less complex. Also, the varying requirements of different applications further increase the design complexities of the power and RF device. The efficiency surge increases the operating time in battery-powered products, reducing the electricity consumption of wireless base stations and similar applications.

By type, GaN compound semiconductors to capture larger share of compound semiconductor market in 2027

GaN will dominate the compound semiconductor market in 2021. A similar trend is expected to remain the same during the forecast period. GaN possesses high breakdown voltage and low conduction resistance characteristics that enable high-speed switching and miniaturization of devices. Unlike conventional silicon devices that require a bigger chip area to reduce on-resistance, GaN devices are small (low parasitic capacitance) and allow for high-speed switching, high electron mobility and density, and miniaturization with ease.

Power Electronics is accounted for the largest share of the compound semiconductor market

In 2021, the power electronics segment accounted for the largest size of the compound semiconductor market. Power electronics modules are used in smart home appliances, which are expected to grow with the purchase of advanced consumer electronics Power. GaN has become an important building block for power electronics and enables companies to provide efficient solutions to their customers: GaN solutions have enhanced the efficiency of wireless consumer electronic devices, such as smartphones, tablets, and smart wearables.

Telecommunication accounted for the largest size of the compound semiconductor market

Telecommunication is a leading application segment of the compound semiconductor market owing to the increased use of compound semiconductors such as GaAs, GaN, InP, and SiGe. The market for telecommunication application is expected to cater to the largest share during the forecast period. 5G is providing a huge opportunity for compound semiconductors for telecom applications.

By 2027, Asia Pacific is projected to grow with the fastest CAGR in the forecast period

Compound Semiconductor Market by Region

Compound Semiconductor Market by Region

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The market in Asia Pacific held the largest share in 2021, and a similar trend is expected to be continued during the forecast period. The compound semiconductor market in Asia Pacific is projected to register the highest CAGR during the forecast period. Asia Pacific has been witnessing rapid urbanization and large-scale industrialization and multiple massive investments by governments, industries, and institutions into R&D activities related to compound semiconductors.

Top Compound Semiconductor Companies - Key Market Players:

Nichia Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), ams OSRAM AG (Austria), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems (Japan), Canon Inc. (Canada), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor companies.

Compound Semiconductor Market Report Scope:

Report Metric

Details

Estimated Market Size USD 40.5 Billion
Projected Market Size USD 55.8 Billion
Growth Rate 6.6%

Market Size Availability for Years

2018–2027

On Demand Data Available

2030

Forecast Period

2022–2027

Forecast Units

Value (USD)

Segments Covered

  • By deposition technologies,
  • type, product,
  • application, and
  • region

Geographies Covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • Rest of the World

Companies Covered

  • Nichia Corporation (Japan),
  • Samsung Electronics Co., Ltd. (South Korea),
  • ams OSRAM AG (Austria),
  • Qorvo, Inc. (US),
  • Skyworks Solutions, Inc. (US),
  • Wolfspeed, Inc. (US),
  • GaN Systems (Japan),
  • Canon Inc. (Canada),
  • Infineon Technologies AG (Germany),
  • Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor market.
    A total of 25 players are covered.

Compound Semiconductor Market Highlights

This research report categorizes the compound semiconductor market based on type, product, application, and region.

Aspect

Details

Based on Deposition Technologies:

  • Chemical Vapor Deposition (CVD)
  • Molecular Beam Epitaxy
  • Hydride Vapor Phase Epitaxy (HVPE)
  • Ammonothermal
  • Liquid Phase Epitaxy
  • Atomic Layer Deposition (ALD)
  • Others

Based on Type:

  • GaN
    • Aluminum Gallium Nitride (AlGaN)
    • Indium Gallium Nitride (INGAN)
  • Gallium Arsenide (GAAS)
    • Aluminum Gallium Arsenide (ALGAAS)
  • Silicon Carbide (SiC)
  • Indium phosphide (INP)
  • Silicon germanium (SIGE)
  • Gallium phosphide (GAP)
    • Aluminum gallium phosphide (ALGAP)
  • Others
    • Indium Antimonide (INSB)
    • Cadmium Selenide (CDSE)
    • Cadmium Telluride (CDTE)
    • Zinc Selenide (ZNSE)
    • Aluminum Indium Arsenide (ALINAS)
    • Cadmium Zinc Telluride (CDZNTE)
    • Mercury Cadmium Telluride (MCT)

Based on Product:

  • LED
  • Optoelectronics
  • RF Devices
    • RF Power
    • RF Switching
    • Other RF Devices
  • Power Electronics
    • Discrete
      • Transistor
        • Metal oxide field-effect transistor (MOSFET)
        • High electron mobility transistor (HEMT)
    • Diode
      • Schottky Diode
      • PIN Diode
    • Bare Die
    • Module

Based on Application:

  • General Lighting
  • Telecommunication
  • Military, Defense and Aerospace
  • Automotive
  • Power Supply
  • Datacom
  • Consumer Display
  • Commercial
  • Consumer Devices
  • Others
    • Photovoltaics (PV)
    • Wind Turbine

Based on Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • South Americ

Recent Developments

  • In August 2022, Qorvo, Inc announced the release of the highest gain 100-watt L-band (1.2–1.4 GHz) compact solution: a GaN-on-SiC PAM aimed for commercial and defense radar applications. The QPA2511 GaN-on-SiC PAM provides an integrated two-stage amplifier solution with 60% power-added efficiency in a circuit footprint 70% lower than analogous two-stage solutions. This exceptional performance cuts total system power usage dramatically.
  • In August 2022, GaN Systems released a new turnkey 140W AC/DC charger reference design with USB PD3.1 and a single port Type-C output. This design expands GaN Systems' range of turnkey charger solutions for the consumer electronics sector (65W, 100W, 140W, and 250W), allowing for quicker design cycles and the continued roll-out of smaller, lighter, and more powerful and efficient chargers.
  • In August 2022, Infineon Technologies AG and II-VI Incorporated recently signed a multi-year supply deal for silicon carbide (SiC) wafers. The former firm is acquiring additional access to this important semiconductor material to fulfill the significant rise in customer demand in this sector. The arrangement also helps Infineon Technologies AG's multi-sourcing strategy and strengthens its supply chain resiliency.
  • In May 2022, ams OSRAM AG introduced the OSLON Optimal series of LEDs for horticulture illumination, which are based on the newest ams OSRAM 1mm2 chip and offer an amazing mix of high efficiency, consistent performance, and great value.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 1 COMPOUND SEMICONDUCTOR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primary profiles
                    2.1.2.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
           FIGURE 2 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to capture market size using bottom-up analysis (demand-side)
                               FIGURE 3 COMPOUND SEMICONDUCTOR MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to capture market size using top-down analysis (supply-side)
                               FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 7 GAN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 8 POWER ELECTRONICS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 9 TELECOMMUNICATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 10 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPOUND SEMICONDUCTOR MARKET
           FIGURE 11 INCREASING APPLICATION OF COMPOUND SEMICONDUCTORS IN LEDS TO BOOST MARKET GROWTH
    4.2 COMPOUND SEMICONDUCTOR MARKET IN ASIA PACIFIC, BY COUNTRY AND APPLICATION
           FIGURE 12 CHINA AND TELECOMMUNICATION SEGMENT HELD LARGEST MARKET SHARES OF ASIA PACIFIC COMPOUND SEMICONDUCTOR MARKET IN 2021
    4.3 COUNTRY-WISE COMPOUND SEMICONDUCTOR MARKET GROWTH RATE
           FIGURE 13 CHINA TO RECORD HIGHEST CAGR IN MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: COMPOUND SEMICONDUCTOR MARKET
           FIGURE 15 COMPOUND SEMICONDUCTOR MARKET DRIVERS IMPACT ANALYSIS
           FIGURE 16 COMPOUND SEMICONDUCTOR MARKET OPPORTUNITIES IMPACT ANALYSIS
           FIGURE 17 COMPOUND SEMICONDUCTOR MARKET RESTRAINTS AND CHALLENGES IMPACT ANALYSIS
           5.2.1 DRIVERS
                    5.2.1.1 Continuous emergence of technologies in GaN ecosystem
                    5.2.1.2 Rise in demand and implementation of GaN and SiC in semiconductor industry
                    5.2.1.3 Growing demand for SiC devices in power electronics
           5.2.2 RESTRAINTS
                    5.2.2.1 High material and fabrication costs associated with compound semiconductors
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Applications in electric and hybrid electric vehicles
                    5.2.3.2 Potential use of GaN in 5G infrastructure development
           5.2.4 CHALLENGES
                    5.2.4.1 Complexity in design of compound semiconductors
    5.3 COMPOUND SEMICONDUCTOR VALUE CHAIN
           FIGURE 18 COMPOUND SEMICONDUCTOR VALUE CHAIN ANALYSIS
    5.4 TRENDS OF GAN ON SILICON TECHNOLOGY
           FIGURE 19 VALUE CHAIN ANALYSIS FOR GAN ON SILICON TECHNOLOGY
    5.5 RECENT DEVELOPMENTS FOR GAN ON SILICON

6 COMPOUND SEMICONDUCTOR DEPOSITION TECHNOLOGIES (Page No. - 60)
    6.1 INTRODUCTION
    6.2 CHEMICAL VAPOR DEPOSITION
    6.3 MOLECULAR BEAM EPITAXY
    6.4 HYDRIDE VAPOR PHASE EPITAXY
    6.5 AMMONOTHERMAL
    6.6 LIQUID PHASE EPITAXY
    6.7 ATOMIC LAYER DEPOSITION
    6.8 OTHER DEPOSITION TECHNOLOGIES

7 COMPOUND SEMICONDUCTOR MARKET, BY TYPE (Page No. - 62)
    7.1 INTRODUCTION
           FIGURE 20 COMPOUND SEMICONDUCTOR MARKET, BY TYPE
           FIGURE 21 GAN TO HOLD LARGEST SHARE DURING FORECAST PERIOD
           TABLE 1 COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 2 COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2022–2027 (USD MILLION)
    7.2 GALLIUM NITRIDE
           7.2.1 INCREASING USE OF GAN IN GENERAL LIGHTING, SIGNAGE, AND AUTOMOTIVE APPLICATIONS TO DRIVE GAN LED MARKET
           7.2.2 ALUMINUM GALLIUM NITRIDE
           7.2.3 INDIUM GALLIUM NITRIDE
                    TABLE 3 GAN: COMPOUND SEMICONDUCTOR MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    FIGURE 22 LED PRODUCT SEGMENT TO HOLD LARGEST SHARE OF GAN SEGMENT DURING FORECAST PERIOD
                    TABLE 4 GAN: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 5 GAN: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    FIGURE 23 GENERAL LIGHTING SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 6 GAN: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.3 GALLIUM ARSENIDE
           7.3.1 HIGH ELECTRON MOBILITY IN GAAS PROVIDES OPPORTUNITY FOR HIGH-SPEED DEVICES
           7.3.2 ALUMINUM GALLIUM ARSENIDE
                    TABLE 7 GAAS: COMPOUND SEMICONDUCTOR MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    FIGURE 24 RF DEVICES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 8 GAAS: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 9 GAAS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    FIGURE 25 TELECOMMUNICATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 10 GAAS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.4 SILICON CARBIDE
           7.4.1 INCREASING ADOPTION OF ELECTRIC VEHICLES TO PROVIDE OPPORTUNITIES FOR PLAYERS IN SIC POWER ELECTRONICS MARKET
                    TABLE 11 SIC: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 12 SIC: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    7.5 INDIUM PHOSPHIDE
           7.5.1 HIGHER ELECTRON VELOCITY TO DRIVE INP DEVICE MARKET GROWTH FOR TELECOM AND DATACOM APPLICATIONS
                    TABLE 13 INP: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 14 INP: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 15 INP: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 16 INP: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.6 SILICON GERMANIUM
           7.6.1 OPTOELECTRONICS AND RF TO SUPPORT SILICON GERMANIUM MARKET GROWTH
                    TABLE 17 SIGE: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 18 SIGE: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 19 SIGE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 20 SIGE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.7 GALLIUM PHOSPHIDE
           7.7.1 LOW-POWER LEDS TO BE KEY APPLICATION OF GAP
           7.7.2 ALUMINUM GALLIUM PHOSPHIDE
                    TABLE 21 GAP: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 22 GAP: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    7.8 OTHER TYPES
           7.8.1 INDIUM ANTIMONIDE
           7.8.2 CADMIUM SELENIDE
           7.8.3 CADMIUM TELLURIDE
           7.8.4 ZINC SELENIDE
           7.8.5 ALUMINUM INDIUM ARSENIDE
           7.8.6 CADMIUM ZINC TELLURIDE
           7.8.7 MERCURY CADMIUM TELLURIDE

8 COMPOUND SEMICONDUCTOR MARKET, BY PRODUCT (Page No. - 79)
    8.1 INTRODUCTION
           FIGURE 26 MARKET, BY PRODUCT
           TABLE 23  MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
           FIGURE 27 LED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 24 COMPOUND SEMICONDUCTOR MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    8.2 LED
           8.2.1 DECREASING PRICES OF LED AND FAVORABLE GOVERNMENT INITIATIVES TO DRIVE GROWTH
                    TABLE 25 LED: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    FIGURE 28 GAN TO HOLD LARGEST SHARE OF LED MARKET DURING FORECAST PERIOD
                    TABLE 26 LED: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 27 LED: COMPOUND SEMICONDUCTOR MARKET FOR GAN, BY APPLICATION, 2018–2021 (USD MILLION)
                    FIGURE 29 GENERAL LIGHTING SEGMENT TO HOLD LARGEST SHARE OF GAN LED MARKET
                    TABLE 28 LED: MARKET FOR GAN, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 29 LED: MARKET FOR GAAS, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 30 LED: MARKET FOR GAAS, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 31 LED: MARKET FOR GAP, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 32 LED: MARKET FOR GAP, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 33 LED: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 34 LED: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.3 OPTOELECTRONICS
           8.3.1 INCREASING DEMAND FOR HIGH-SPEED DATA TRANSFER DEVICES TO CREATE OPPORTUNITY FOR PLAYERS IN OPTOELECTRONICS MARKET
                    TABLE 35 OPTOELECTRONICS: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 36 OPTOELECTRONICS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 37 OPTOELECTRONICS: MARKET FOR GAN, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 38 OPTOELECTRONICS: MARKET FOR GAN, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 39 OPTOELECTRONICS: MARKET FOR GAAS, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 40 OPTOELECTRONICS: MARKET FOR GAAS, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 41 OPTOELECTRONICS: MARKET FOR INP, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 42 OPTOELECTRONICS: MARKET FOR INP, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 43 OPTOELECTRONICS: MARKET FOR SIGE, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 44 OPTOELECTRONICS: MARKET FOR SIGE, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 45 OPTOELECTRONICS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 46 OPTOELECTRONICS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.4 RF DEVICES
           8.4.1 RF POWER
                    8.4.1.1 Increasing adoption of LTE and 5G to provide opportunities for players RF power market
                    8.4.1.2 Monolithic microwave integrated circuit
           8.4.2 RF SWITCHING
                    8.4.2.1 Telecommunication and military, defense, and aerospace to be important applications of RF switching market
           8.4.3 OTHER RF DEVICES
                    8.4.3.1 Other RF devices include LNAs, mixers, and multipliers
                               TABLE 47 RF DEVICES: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               TABLE 48 RF DEVICES: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 49 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR GAN, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 50 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR GAN, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 51 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR GAAS, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 52 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR GAAS, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 53 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR INP, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 54 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR INP, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 55 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR SIGE, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 56 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET FOR SIGE, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 57 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 58 RF DEVICES: COMPOUND SEMICONDUCTOR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.5 POWER ELECTRONICS
           8.5.1 DISCRETE
                    8.5.1.1 Transistor
                               8.5.1.1.1 Metal oxide field-effect transistor
                                             8.5.1.1.1.1 Growing market for electric vehicles to spur demand for MOSFETs
                               8.5.1.1.2 High electron mobility transistor
                                             8.5.1.1.2.1 HEMTs to find applications in power supply, charging, and motor drives
                    8.5.1.2 Diode
                               8.5.1.2.1 Schottky diode
                                             8.5.1.2.1.1 Schottky diodes used in power supply applications
                               8.5.1.2.2 PIN diode
                                             8.5.1.2.2.1 PIN diodes used for voltage multiplier applications
           8.5.2 BARE DIE
                    8.5.2.1 Bare die to be embedded with required functional circuit
           8.5.3 MODULE
                    8.5.3.1 Electric vehicles to provide attractive opportunities
                               TABLE 59 POWER ELECTRONICS: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               FIGURE 30 SIC TO HOLD LARGER SHARE OF MARKET FOR POWER ELECTRONICS
                               TABLE 60 POWER ELECTRONICS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 61 POWER ELECTRONICS:  MARKET FOR GAN, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 62 POWER ELECTRONICS: COMPOUND SEMICONDUCTOR MARKET FOR GAN, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 63 POWER ELECTRONICS: MARKET FOR SIC, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 64 POWER ELECTRONICS: MARKET FOR SIC, BY APPLICATION, 2022–2027 (USD MILLION)
                               TABLE 65 POWER ELECTRONICS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 66 POWER ELECTRONICS:  MARKET, BY APPLICATION, 2022–2027 (USD MILLION)

9 COMPOUND SEMICONDUCTOR MARKET, BY APPLICATION (Page No. - 102)
    9.1 INTRODUCTION
           TABLE 67 COMPOUND SEMICONDUCTOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           FIGURE 31 TELECOMMUNICATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 68 COMPOUND SEMICONDUCTOR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.2 GENERAL LIGHTING
           9.2.1 INCREASING PENETRATION OF LEDS IN GENERAL LIGHTING APPLICATIONS TO DRIVE GAN AND GAN-ON-SILICON LED MARKET
                    TABLE 69 GENERAL LIGHTING: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 70 GENERAL LIGHTING: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 71 GENERAL LIGHTING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 72 GENERAL LIGHTING: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 TELECOMMUNICATION
           9.3.1 INCREASING ADOPTION OF COMPOUND SEMICONDUCTORS FOR TELECOM INFRASTRUCTURE AND COMMUNICATION DEVICES TO DRIVE MARKET
                    TABLE 73 TELECOMMUNICATION: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    FIGURE 32 GAN SEGMENT TO GROW AT HIGHEST CAGR IN TELECOMMUNICATION MARKET DURING FORECAST PERIOD
                    TABLE 74 TELECOMMUNICATION: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 75 TELECOMMUNICATION: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 33 ASIA PACIFIC TO HOLD LARGEST SHARE OF TELECOMMUNICATION MARKET DURING FORECAST PERIOD
                    TABLE 76 TELECOMMUNICATION: COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 MILITARY, DEFENSE, AND AEROSPACE
           9.4.1 HIGH POWER CAPABILITY OF GAN INCREASES ITS ADOPTION IN MILITARY & DEFENSE APPLICATIONS
           9.4.2 RADAR
           9.4.3 ELECTRONIC WARFARE
                    TABLE 77 MILITARY, DEFENSE, AND AEROSPACE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 78 MILITARY, DEFENSE, AND AEROSPACE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 79 MILITARY, DEFENSE, AND AEROSPACE: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 80 MILITARY, DEFENSE, AND AEROSPACE: COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.5 AUTOMOTIVE
           9.5.1 INCREASING IMPORTANCE OF ADVANCED POWER SEMICONDUCTOR DEVICES IN AUTOMOTIVE APPLICATION TO DRIVE SIC AND GAN POWER ELECTRONICS MARKET
           9.5.2 ELECTRIC VEHICLES & CHARGING INFRASTRUCTURE
                    TABLE 81 AUTOMOTIVE: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 82 AUTOMOTIVE: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 83 AUTOMOTIVE: COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 84 AUTOMOTIVE: COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.6 POWER SUPPLY
           9.6.1 WIRELESS CHARGING TO PROVIDE OPPORTUNITIES IN FOR GAN AND SIC DEVICES MARKET
                    TABLE 85 POWER SUPPLY: COMPOUND SEMICONDUCTOR MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    FIGURE 34 GAN TO GROW AT HIGHEST CAGR IN POWER SUPPLY APPLICATION MARKET DURING FORECAST PERIOD
                    TABLE 86 POWER SUPPLY: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 87 POWER SUPPLY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 88 POWER SUPPLY: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.7 DATACOM
           9.7.1 INCREASING DEMAND FOR HIGH-SPEED TRANSCEIVERS IN DATA CENTERS TO DRIVE COMPOUND SEMICONDUCTOR MARKET
                    TABLE 89 DATACOM: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 90 DATACOM: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 91 DATACOM: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 92 DATACOM: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.8 CONSUMER DISPLAY
           9.8.1 DEMAND FOR GAN LEDS FOR BACKLIGHTING TO PLAY AN IMPORTANT ROLE IN CONSUMER DISPLAY APPLICATION
                    TABLE 93 CONSUMER DISPLAY: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 94 CONSUMER DISPLAY: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 95 CONSUMER DISPLAY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 96 CONSUMER DISPLAY: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.9 COMMERCIAL
           9.9.1 INCREASING IMPORTANCE OF DIGITAL SIGNAGE TO DRIVE COMPOUND SEMICONDUCTOR-BASED LED MARKET
                    TABLE 97 COMMERCIAL:  MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 98 COMMERCIAL:  MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 99 COMMERCIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 100 COMMERCIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.10 CONSUMER DEVICES
           9.10.1 INCREASING APPLICATIONS OF 3D SENSING TO CREATE GROWTH OPPORTUNITIES FOR CONSUMER DEVICES MARKET
                    TABLE 101 CONSUMER DEVICES: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 102 CONSUMER DEVICES: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 103 CONSUMER DEVICES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 104 CONSUMER DEVICES:  MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.11 OTHER APPLICATIONS
           9.11.1 PHOTOVOLTAICS
                    9.11.1.1 Increasing initiatives by governments to produce clean energy
           9.11.2 WIND TURBINE
                    9.11.2.1 Electricity generation using wind turbines to increase demand for compound semiconductors
                                TABLE 105 OTHER APPLICATIONS: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                TABLE 106 OTHER APPLICATIONS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                TABLE 107 OTHER APPLICATIONS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                TABLE 108 OTHER APPLICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 126)
     10.1 INTRODUCTION
             TABLE 109 COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2018–2021 (USD MILLION)
             FIGURE 35 ASIA PACIFIC TO HOLD LARGEST SHARE IN MARKET DURING FORECAST PERIOD
             TABLE 110 COMPOUND SEMICONDUCTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 36 COMPOUND SEMICONDUCTOR MARKET SNAPSHOT IN NORTH AMERICA
             TABLE 111 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 112 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 113 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 114 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Growing adoption of compound semiconductors in military and defense industry
             10.2.2 CANADA
                        10.2.2.1 Rising trend of electric vehicles and solar energy to boost market
             10.2.3 MEXICO
                        10.2.3.1 Increasing government initiatives in 5G and renewable energy sources
     10.3 EUROPE
             FIGURE 37 COMPOUND SEMICONDUCTOR MARKET SNAPSHOT IN EUROPE
             TABLE 115 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 116 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 117 EUROPE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 118 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Expanding automotive industry and growing need for electric vehicles to dominate European compound semiconductor market
             10.3.2 UK
                        10.3.2.1 Increasing initiatives from UK government and private players to boost market growth
             10.3.3 FRANCE
                        10.3.3.1 Telecom and automotive industries to provide opportunities for market growth
             10.3.4 ITALY
                        10.3.4.1 Growing automotive industry to provide opportunities for LED and power electronics segments
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC
             FIGURE 38 COMPOUND SEMICONDUCTOR MARKET SNAPSHOT IN ASIA PACIFIC
             TABLE 119 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 120 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 121 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 122 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Increasing trend of 5G and EV to drive market in China
             10.4.2 JAPAN
                        10.4.2.1 Growing adoption of compound semiconductor devices in telecommunication, lighting, and automobile applications
             10.4.3 SOUTH KOREA
                        10.4.3.1 Compound semiconductor market growth to be driven by telecommunication application
             10.4.4 REST OF ASIA PACIFIC
     10.5 ROW
             FIGURE 39 SOUTH AMERICA TO HOLD LARGER MARKET SHARE IN ROW DURING FORECAST PERIOD
             TABLE 123 ROW: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 124 ROW: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 125 ROW: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 126 ROW: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 GaN and GaAs markets to grow significantly
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 Telecommunication application to provide growth for market

11 COMPETITIVE LANDSCAPE (Page No. - 147)
     11.1 OVERVIEW
             FIGURE 40 PLAYERS IN MARKET ADOPTED PRODUCT LAUNCH AS KEY STRATEGY FOR BUSINESS EXPANSION FROM 2018 TO 2022
     11.2 RANKING ANALYSIS OF MARKET PLAYERS
             FIGURE 41 RANKING ANALYSIS OF MARKET PLAYERS, 2021
     11.3 COMPETITIVE LEADERSHIP MAPPING
             11.3.1 STARS
             11.3.2 PERVASIVE PLAYERS
             11.3.3 EMERGING LEADERS
             11.3.4 PARTICIPANTS
                        FIGURE 42 COMPOUND SEMICONDUCTOR MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2021
     11.4 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
             FIGURE 43 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     11.5 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
             FIGURE 44 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
     11.6 COMPETITIVE SITUATIONS AND TRENDS
             11.6.1 PRODUCT LAUNCHES
                        TABLE 127 PRODUCT LAUNCHES, 2021–2022
             11.6.2 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND CONTRACTS
                        TABLE 128 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND CONTRACTS, 2021–2022
             11.6.3 ACQUISITIONS
                        TABLE 129 ACQUISITIONS, 2021–2022
             11.6.4 EXPANSIONS
                        TABLE 130 EXPANSIONS, 2021–2022

12 COMPANY PROFILES (Page No. - 165)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     12.1 KEY PLAYERS
             12.1.1 NICHIA CORPORATION
                        TABLE 131 NICHIA CORPORATION: BUSINESS OVERVIEW
                        TABLE 132 NICHIA CORPORATION: PRODUCTS OFFERED
                        TABLE 133 NICHIA CORPORATION: PRODUCT LAUNCHES
                        TABLE 134 NICHIA CORPORATION: DEALS
             12.1.2 SAMSUNG ELECTRONICS CO., LTD.
                        TABLE 135 SAMSUNG ELECTRONICS CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 45 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 136 SAMSUNG ELECTRONICS CO., LTD.: PRODUCTS OFFERED
                        TABLE 137 SAMSUNG ELECTRONICS CO., LTD.: PRODUCT LAUNCHES
             12.1.3 AMS OSRAM AG
                        TABLE 138 AMS OSRAM AG: BUSINESS OVERVIEW
                        FIGURE 46 AMS OSRAM AG: COMPANY SNAPSHOT
                        TABLE 139 AMS OSRAM AG: PRODUCTS OFFERED
                        TABLE 140 AMS OSRAM AG: PRODUCT LAUNCHES
                        TABLE 141 AMS OSRAM AG: DEALS
             12.1.4 QORVO, INC.
                        TABLE 142 QORVO, INC.: BUSINESS OVERVIEW
                        FIGURE 47 QORVO, INC.: COMPANY SNAPSHOT
                        TABLE 143 QORVO, INC.: PRODUCTS OFFERED
                        TABLE 144 QORVO, INC.: PRODUCT LAUNCHES
                        TABLE 145 QORVO, INC.: DEALS
             12.1.5 SKYWORKS SOLUTIONS, INC.
                        TABLE 146 SKYWORKS SOLUTIONS, INC.: BUSINESS OVERVIEW
                        FIGURE 48 SKYWORKS SOLUTIONS, INC.: COMPANY SNAPSHOT
                        TABLE 147 SKYWORKS SOLUTIONS, INC.: PRODUCTS OFFERED
                        TABLE 148 SKYWORKS SOLUTIONS, INC.: PRODUCT LAUNCHES
                        TABLE 149 SKYWORKS SOLUTIONS, INC.: DEALS
             12.1.6 WOLFSPEED, INC.
                        TABLE 150 WOLFSPEED, INC.: BUSINESS OVERVIEW
                        FIGURE 49 WOLFSPEED, INC.: COMPANY SNAPSHOT
                        TABLE 151 WOLFSPEED, INC.: PRODUCTS OFFERED
                        TABLE 152 WOLFSPEED, INC.: PRODUCT LAUNCHES
                        TABLE 153 WOLFSPEED, INC.: DEALS
             12.1.7 GAN SYSTEMS
                        TABLE 154 GAN SYSTEMS: BUSINESS OVERVIEW
                        TABLE 155 GAN SYSTEMS: PRODUCTS OFFERED
                        TABLE 156 GAN SYSTEMS: PRODUCT LAUNCHES
                        TABLE 157 GAN SYSTEMS: DEALS
             12.1.8 INFINEON TECHNOLOGIES AG
                        TABLE 158 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
                        FIGURE 50 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 159 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
                        TABLE 160 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
                        TABLE 161 INFINEON TECHNOLOGIES AG: DEALS
             12.1.9 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 162 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 51 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 163 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
                        TABLE 164 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
             12.1.10 NXP SEMICONDUCTORS N.V.
                        TABLE 165 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
                        FIGURE 52 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
                        TABLE 166 NXP SEMICONDUCTORS N.V.: PRODUCTS OFFERED
                        TABLE 167 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES
                        TABLE 168 NXP SEMICONDUCTORS N.V.: DEALS
     12.2 OTHER PLAYERS
             12.2.1 ON SEMICONDUCTOR CORPORATION
             12.2.2 ANALOG DEVICES, INC.
             12.2.3 BROADCOM INC.
             12.2.4 EFFICIENT POWER CONVERSION CORPORATION
             12.2.5 LUMENTUM HOLDINGS INC.
             12.2.6 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
             12.2.7 MICROCHIP TECHNOLOGY INC.
             12.2.8 QUALCOMM TECHNOLOGIES, INC.
             12.2.9 RENESAS ELECTRONICS CORPORATION
             12.2.10 ROHM CO., LTD.
             12.2.11 SAN'AN OPTOELECTRONICS CO., LTD.
             12.2.12 II-VI INCORPORATED
             12.2.13 STMICROELECTRONICS N.V.
             12.2.14 TRANSPHORM INC.
             12.2.15 VISIC TECHNOLOGIES LTD.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  

13 APPENDIX (Page No. - 234)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 CUSTOMIZATION OPTIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the compound semiconductor market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering compound semiconductor have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the compound semiconductor market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of compound semiconductors to identify key players based on their products and prevailing industry trends in the compound semiconductor market by type, product, and application, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the compound semiconductor market through secondary research. Several primary interviews have been conducted with the key opinion leaders from demand and supply sides across four main regions—North America, Europe, Asia Pacific, and Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side respondents, while approximately 75% have been conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephonic interviews

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Compound Semiconductor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been employed to arrive at the overall size of the compound semiconductor market from the revenue of key players and their market shares

  • Identifying entities in the compound semiconductor market that influence the entire market, along with the related component players
  • Analyzing major manufacturers of compound semiconductor devices and material providers, OEMs, studying their portfolios, and understanding different components and products.
  • Analyzing trends pertaining to the use of different types of compound semiconductor devices for different kinds of applications
  • Tracking the ongoing and upcoming developments in the market, such as investments made, R&D activities, product launches, collaborations, and partnerships, and forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand different types of the compound semiconductor market, components, and applications and recent trends in the market, thereby analyzing the breakup of the scope of work carried out by major companies
  • Arriving at the market estimates by analyzing revenues of companies generated and then combining the same to get the market estimate
  • Segmenting the overall market into various other market segments
  • Verifying and cross-checking the estimate at every level from the discussion with key opinion leaders such as CXOs, directors, and operations managers, and finally with the domain experts in MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases

Compound Semiconductor Market Size, and Bottom-Up Approach

The top-down approach has been used to estimate and validate the total size of the near-eye display market.

  • Focusing initially on top-line investments and expenditures being made in the ecosystems of the compound semiconductor market
  • Calculating the market size considering revenues generated by major players through the sale of compound semiconductor materials.
  • Conducting multiple on-field discussions with key opinion leaders across major companies involved in developing compound semiconductors.
  • Estimating the geographic split using secondary sources based on various factors, such as the number of OEMs in a specific country and region, the role of major players in the market for the development of innovative products, and adoption and penetration rates in a particular country for various end-user applications

Compound Semiconductor Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size through the process explained above, the overall market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the compound semiconductor market, in terms of value, by type, product, and application
  • To describe the compound semiconductor market by deposition technology
  • To describe and forecast the market, in terms of value, by region—North America, Europe,
  • Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain pertaining to the compound semiconductor ecosystem
  • To strategically analyze micromarkets1 with regard to individual growth trends, prospects,
  • and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position
  • in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, agreements, and partnerships in the compound semiconductor market.

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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