Compound Semiconductor Market

Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography - Global Forecast to 2024

Report Code: SE 2588 Feb, 2019, by marketsandmarkets.com

[173 Pages Report] The Compound Semiconductor Market is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%. Increase in government and stakeholder funding, rise in demand and implementation of GaN and SiC in semiconductor industry, and high use of compound semiconductors in LED applications are the major factors driving the growth of the compound semiconductor market.

Compound Semiconductor Market

By type, GaN to be largest contributor in compound semiconductor market during forecast period

Gallium nitride (GaN) is among the most prominent compound semiconductor materials. It is an alternative material to pure silicon in the field of semiconductors and electronics. GaN is a high electron mobility transistor (HEMT) semiconductor, which is expected to usher in new power devices that are superior to current Si-based MOSFETs. Owing to its abilities to emit UV and visible light, as well as the ability to tolerate high temperatures and voltages, GaN is used in lighting and power transistor applications. GaN finds applications in LEDs, optoelectronics, RF, and power electronics. LEDs contribute to the largest share of the GaN market. GaN is used to make white light-emitting diodes (LEDs). These solid-state light sources are more efficient than conventional tungsten filament light bulbs, and could potentially yield efficiency improvements.

LEDs to account for largest market during forecast period

LED is a major shareholder of the compound semiconductor market. Various compound semiconductors are used to manufacture LEDs; GaN is mainly used for manufacturing white LEDs. There has been increasing adoption of LEDs due to factors such as decreasing prices of LEDs, rising consumer awareness about cost-effectiveness and eco-friendliness of LED lights, increasing investment in infrastructure enhancement, and growing government initiatives to provide LED lights at a subsidized cost in some countries. Increasing expenditure on infrastructure development in India, China, and other developing counties in APAC has increased the penetration of LED lighting in the region. General lighting heavily dominates the LED market while automotive application shows a high growth rate during the forecast period of compound semiconductor market.

Compound Semiconductor Market

APAC to grow at highest CAGR during forecast period

Major players, such as Nichia (Japan), Samsung Electronics (South Korea), Mitsubishi Electric (Japan), and other providers, have their presence in APAC and are expected to dominate the market. LEDs are expected to dominate the overall compound semiconductor market owing to the high adoption in lighting applications in APAC. China and Japan are leading countries for consumption of LEDs; however, developing countries in APAC are also expected to exhibit potential during the forecast period. Automotive lighting is the fastest growing application of the LED market. Increasing penetration of LEDs in various types of vehicles is expected to drive the growth of automotive LEDs. Telecommunications is among the most important applications of the market in APAC. The market is driven by increasing adoption of compound semiconductor in telecom infrastructure as well as in devices such as smartphones. Countries such as China, Japan, and South Korea are focusing on wide adoption of 5G technology, which would further provide opportunities for compound semiconductors, particularly for base station infrastructure. Currently, GaAs heavily dominates the telecom market; however, GaN technology also has the potential that results in high adoption of GaN in the telecommunications industry during the forecast period.

Key Market Players

Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), Efficient Power Conversion (US), Lumentum (US), NeoPhotonics (US), San’an Optoelectronics (China), and STMicroelectronics (Switzerland) are among the major players in the compound semiconductor market.

Nichia (Japan) was founded in 1956 and is headquartered in Tokushima, Japan. Nichia is involved in the development, manufacturing, and sale of fine chemicals, particularly inorganic luminescent materials (phosphors). It was the first company to invent and commercialize blue LEDs in 1993 and then developed the world’s first white LED by combining yellow phosphor and blue LED, followed by the successful development of blue–violet semiconductor laser. Further, the invention of nitride-based LED and laser diodes led to the technological innovation of light source in the field of display, general lighting, automotive, industrial equipment, and medical care and measurement.

Samsung Electronics (South Korea) was founded in 1938 and is headquartered in Suwon, South Korea. Samsung Electronics launched the LED business in 1995 through its subsidiary Samsung Electro-Mechanics. In 2006, the company developed 1 W high power LED package for lighting applications. In 2011, the LED business was merged with Samsung Electronics. The major business for the compound semiconductor market for Samsung is through the LED business. The LED business mainly caters to applications such as lighting, automotive, and display and mobile. The company mainly offers LEDs using CSP technology and phosphor-on-wafer (PoW) technology. The company provides lighting systems including modules for various uses in displays, mobile devices, automotive, and smart lighting solutions. The company operates in 4 business divisions: Consumer Electronics (CE), Information technology & Mobile communications (IM), Device Solutions (DS) and Harman. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (Semiconductor), and LCD and OLED panels in the display business (DP).

Scope of the Report

Report Metric

Detail

Market Size Available for Years

2015–2024

Base Year

2018

Forecast Period

2019–2024

Forecast Units

Value (USD)

Segments Covered

By Type, Product, Application, and Region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), and Skyworks (US), among others
A total of 25 players are covered.

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

Based on Type, the compound semiconductor market has been classified into the following segments:

  • Gallium Nitride (GaN)
  • Gallium Arsenide (GaAs)
  • Indium Phosphide (InP)
  • Silicon Carbide (SiC)
  • Silicon Germanium (SiGe)
  • Gallium Phosphide (GaP)

Based on Application, the market has been classified into the following segments:

  • General Lighting
  • Consumer Displays
  • Consumer Devices
  • Commercial
  • Automotive
  • Telecommunications
  • Datacom
  • Military & Defense
  • Power Supply
  • Others

Based on Product, the compound semiconductor market has been classified into the following segments:

  • LED
  • Optoelectronics
  • RF Power
  • RF Switching
  • Power Electronics
  • Other RF  (low noise amplifiers, variable optical attenuators, mixers, and multipliers)

Based on Region, the market has been classified into the following segments:

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • OSRAM unveiled PLPVCQ 850 and PLPVCQ 940, the latest additions to its Bidos product family. Applications of vertical cavity surface emitting lasers (VCSELs) include machine vision or facial recognition, as well as object or architectural scanning that involves mapping an area in 3D and positioning virtual furniture and other items.
  • Qorvo launched 28 GHz gallium nitride (GaN) front-end module (FEM). This new FEM reduces overall system costs for base station equipment manufacturers as they expand into 5G.
  • Nichia launched color tunable Chip-on-Board (COB) series general lighting LEDs—NJCWL024Z-V1MT and NVCWJ024Z-V1MT.
  • Skyworks launched SKY5 - 8250, SKY5 - 3728, SKY5 - 5811, and SKY5 - 9256—5G solutions for transmitting/receiving, integrated filtering and dual-path low noise amplifiers (LNAs), integrated bypass LNA, and antenna tuning switch.

Key questions addressed by the report

  • Which are major applications of compound semiconductors?
  • Which region would lead the compound semiconductor market during the forecast period?
  • What are strategies followed by compound semiconductor providers to stay ahead in the market?
  • What are the growth perspectives of this market in different regions?
  • What are drivers, opportunities, and challenges in the compound semiconductor market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Study Objectives
    1.2 Definition
    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. - 22)
    2.1 Research Data
           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 Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Growth Opportunities in Compound Semiconductor Market
    4.2 Market, By Application and Region
    4.3 Market Growth Rates, By Country

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Government and Stakeholder Funding
                    5.2.1.2 Rise in Demand and Implementation of GAN and SiC in Semiconductor Industry
                    5.2.1.3 High Use of Compound Semiconductors in LED Applications
           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 Growing Automotive, Telecom, and Power Industries
                    5.2.3.2 Rising Demand for High Speed and Advanced Devices in Datacom Applications
                    5.2.3.3 Increasing Demand for Compound Semiconductors in Military, Defense, and Aerospace
                    5.2.3.4 Emerging Technologies Revolutionizing Semiconductors Industry
           5.2.4 Challenges
                    5.2.4.1 Compound Semiconductors are Complex to Design
    5.3 Compound Semiconductor Value Chain
    5.4 Trends of GAN on Silicon Technology
    5.5 Recent Developments for GAN on Silicon

6 Compound Semiconductor Market, By Type (Page No. - 47)
    6.1 Introduction
    6.2 Gallium Nitride (GAN)
           6.2.1 Increasing Usage of GAN in General Lighting, Signage, and Automotive to Drive GAN LED Market
    6.3 Gallium Arsenide (GAAS)
           6.3.1 High Electron Mobility in GAAS Provides Opportunity for High Speed Devices
    6.4 Silicon Carbide (SiC)
           6.4.1 Increasing Adoption of Ev Provides Ample Opportunities for SiC Power Electronics Market
    6.5 Indium Phosphide (INP)
           6.5.1 Higher Electron Velocity Drives INP Device Market Growth for Telecom and Datacom Applications
    6.6 Silicon Germanium (SIGE)
           6.6.1 Optoelectronics and RF Support SIGE Market Growth
    6.7 Gallium Phosphide (GAP)
           6.7.1 Low Power LEDs is Key Application of GAP

7 Market, By Deposition Technologies 
    7.1 Introduction 
    7.2 Chemical Vapour Deposition (CVD) + Metal Organic CVD (MOCVD) 
    7.3 Molecular Beam Epitaxy (MBE) + Metal Organic MBE (Mombe) 
    7.4 Hydride Vapour Phase Epitaxy (HVPE) 
    7.5 Ammonothermal 
    7.6 Liquid Phase Epitaxy (LPE) 
    7.7 Atomic Layer Deposition (ALD) 

8 Fabrication Technologies For Compound Semiconductor Devices 
    8.1 Introduction 
    8.2 Contact Metallization  
    8.3 Dielectric Film Deposition 
    8.4 Etiching 
    8.5 Diffusion Implantation 
    8.6 Photolithography 
    8.7 Wafer Seperation 
    8.8 Die Bonding 

9 Compound Semiconductor Market, By Product (Page No. - 68)
    9.1 Introduction
    9.2 LED
           9.2.1 Decreasing Prices of LED and Favorable Government Initiatives Drive LED Market Growth
    9.3 Optoelectronics
           9.3.1 Increasing Demand for High-Speed Data Transfer Devices Creates Opportunity for Optoelectronics Market
    9.4 RF Power
           9.4.1 Increasing Trends for Adoption of LTE and 5G to Provide Opportunities for RF Power Market
    9.5 RF Switching
           9.5.1 Telecommunications and Military & Defense are Important Applications of RF Switching Market
    9.6 Other RF Devices
           9.6.1 Low Noise Amplifiers 
           9.6.2 Variable Optical Attenuators
           9.6.3 Mixers
           9.6.4 Multipliers
    9.7 Power Electronics
           9.7.1 Increasing Importance of GAN and SiC Devices in Power Supply, UPS, and Wireless Charging Provides Opportunity for Power Electronics Segment

10 Market, By Application (Page No. - 82)
     10.1 Introduction
     10.2 General Lighting
            10.2.1 Increasing Penetration of LEDs in General Lighting Applications Provides Opportunity for GAN and GAN-On-Silicon LED Market
     10.3 Telecommunications
            10.3.1 Increasing Adoption of Compound Semiconductors for Telecom Infrastructure and Communication Devices Drives the Market
     10.4 Military, Defense, and Aerospace
            10.4.1 High Power Capability of GAN Makes It Suitable Material for Its Adoption in Military & Defense Applications
     10.5 Automotive
            10.5.1 Increasing Importance of Advanced Power Semiconductor Devices in Automotive Application Drives SiC and GAN Power Electronics Market
     10.6 Power Supply
            10.6.1 Wireless Charging to Provide Opportunity for GAN and SiC Devices Market
     10.7 Datacom
            10.7.1 Increasing Demand for High-Speed Transceivers in Data Center Drives Compound Semiconductor Market Growth
     10.8 Consumer Displays
            10.8.1 Demand for GAN LEDs for Backlighting Plays an Important Role for Consumer Display Application
     10.9 Commercial
            10.9.1 Increasing Importance of Digital Signage Provides Opportunity for Compound Semiconductor-Based LED Market
     10.10 Others

11 Geographic Analysis (Page No. - 102)
     11.1 Introduction
     11.2 North America
            11.2.1 US
                     11.2.1.1 Rising Adoption of Compound Semiconductors in Military and Defense to Boost Market Growth
            11.2.2 Canada
                     11.2.2.1 Rising Trends of Electric Vehicles and Solar Energy to Boost Market
            11.2.3 Mexico
                     11.2.3.1 Increasing Government Initiatives in 5G and Renewable Energy Sources Drives Market Growth
     11.3 Europe
            11.3.1 Germany
                     11.3.1.1 Germany to Dominate European Market Owing to Growing Automotive Industry and Need for Electric Vehicles
            11.3.2 UK
                     11.3.2.1 Growing Initiatives From UK Government and Private Players to Augment Market Growth
            11.3.3 France
                     11.3.3.1 Telecom and Automotive Industries to Provide Opportunities for Market
            11.3.4 Italy
                     11.3.4.1 Growing Automotive Industry in Italy Provides Opportunities for Compound Semiconductor Market for LED and Power Electronics Segments
            11.3.5 Rest of Europe
     11.4 APAC
            11.4.1 China
                     11.4.1.1 Increasing Trends of 5G and Ev to Drive Market Growth
            11.4.2 Japan
                     11.4.2.1 Growth is Driven By Rising Adoption of Compound Semiconductor Devices in Telecommunications, Lighting, and Automotive Applications
            11.4.3 South Korea
                     11.4.3.1 Market Growth Mainly Driven By Telecommunications Application
            11.4.4 Rest of APAC
     11.5 RoW
            11.5.1 South America
                     11.5.1.1 GAN and GAAS Markets Expected to Grow Significantly
            11.5.2 Middle East and Africa
                     11.5.2.1 Telecommunications Application Provides Growth Prospects for Semiconductor Market

12 Competitive Landscape (Page No. - 122)
     12.1 Overview
     12.2 Ranking Analysis of Market Players
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Players
     12.4 Developments
             12.4.1 Product Launches/Developments
             12.4.2 Agreements, Collaborations, Partnerships, and Contracts
             12.4.3 Acquisitions
             12.4.4 Expansions

13 Company Profiles (Page No. - 128)
     13.1 Introduction
     13.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             13.2.1 Nichia
             13.2.2 Samsung Electronics
             13.2.3 Osram
             13.2.4 Qorvo
             13.2.5 Skyworks
             13.2.6 Cree
             13.2.7 GAN Systems
             13.2.8 Infineon
             13.2.9 Mitsubishi Electric
             13.2.10 NXP
             13.2.11 on Semiconductor
     13.3 Other Key Players
             13.3.1 Analog Devices
             13.3.2 Broadcom
             13.3.3 EPC
             13.3.4 Lumentum
             13.3.5 Macom
             13.3.6 Microsemi
             13.3.7 Neophotonics
             13.3.8 Renesas Electronics
             13.3.9 Rohm
             13.3.10 San'an
             13.3.11 Stmicroelectronics
             13.3.12 Exagan
             13.3.13 Visic Technologies
             13.3.14 Transphorm

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 167)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details

List of Tables (97 Tables)

Table 1 Market, By Type, 2015–2024 (USD Million)
Table 2 GAN Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Table 3 GAN Semiconductor Device Market, By Application, 2015–2024 (USD Million)
Table 4 GAN LED Market, By Application, 2015–2024 (USD Million)
Table 5 GAN Optoelectronics Market, By Application, 2015–2024 (USD Million)
Table 6 GAN RF Device Market, By Application, 2015–2024 (USD Million)
Table 7 GAN Power Electronics Market, By Application, 2015–2024 (USD Million)
Table 8 GAAS Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Table 9 GAAS Semiconductor Device Market, By Application, 2015–2024 (USD Million)
Table 10 GAAS LED Market, By Application, 2015–2024 (USD Million)
Table 11 GAAS Optoelectronics Market, By Application, 2015–2024 (USD Million)
Table 12 GAAS RF Device Market, By Application, 2015–2024 (USD Million)
Table 13 SiC Device Market, By Application, 2015–2024 (USD Million)
Table 14 INP Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Table 15 INP Semiconductor Device Market, By Application, 2015–2024 (USD Million)
Table 16 INP Optoelectronics Device Market, By Application, 2015–2024 (USD Million)
Table 17 INP RF Device Market, By Application, 2015-2024 (USD Million)
Table 18 SIGE Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Table 19 SIGE Semiconductor Device Market, By Application, 2015–2024 (USD Million)
Table 20 SIGE Optoelectronics Device Market, By Application, 2015-2024 (USD Million)
Table 21 SIGE RF Device Market, By Application, 2015-2024 (USD Million)
Table 22 GAP LED Market, By Application, 2015–2024 (USD Million)
Table 23 Compound Semiconductor Market, By Product, 2015–2024 (USD Million)
Table 24 Market for LEDs, By Type, 2015–2024 (USD Million)
Table 25 Market for LEDs, By Application, 2015–2024 (USD Million)
Table 26 Market for Optoelectronics, By Type, 2015–2024 (USD Million)
Table 27 Market for Optoelectronics, By Application, 2015–2024 (USD Million)
Table 28 Market for RF Power, By Type, 2015–2024 (USD Million)
Table 29 Market for RF Switching, By Type, 2015–2024 (USD Million)
Table 30 Market for Other RF Devices, By Type, 2015–2024 (USD Million)
Table 31 Market for Power Electronics, By Type, 2015–2024 (USD Million)
Table 32 Market for Power Electronics, By Application, 2015–2024 (USD Million)
Table 33 Market, By Application, 2015–2024 (USD Million)
Table 34 Market for General Lighting Applications, By Type, 2015–2024 (USD Million)
Table 35 Market for General Lighting Applications, By Region, 2015–2024 (USD Million)
Table 36 Market for Telecommunications Applications, By Type, 2015–2024 (USD Million)
Table 37 Market for Telecommunications Application, By Region, 2015–2024 (USD Million)
Table 38 Market for Military, Defense, & Aerospace Applications, By Type, 2015–2024 (USD Million)
Table 39 Market for Military, Defense, & Aerospace Application, By Region, 2015–2024 (USD Million)
Table 40 Market for Automotive Applications, By Type, 2015–2024 (USD Million)
Table 41 Market for Automotive Application, By Region, 2015–2024 (USD Million)
Table 42 Market for Power Supply Applications, By Type, 2015–2024 (USD Million)
Table 43 Market for Power Supply Application, By Region, 2015–2024 (USD Million)
Table 44 Market for Datacom Applications, By Type, 2015–2024 (USD Million)
Table 45 Market for Datacom Application, By Region, 2015–2024 (USD Million)
Table 46 Market for Consumer Displays Applications, By Type, 2015–2024 (USD Million)
Table 47 Market for Consumer Display Application, By Region, 2015–2024 (USD Million)
Table 48 Market for Commercial Applications, By Type, 2015–2024 (USD Million)
Table 49 Market for Commercial Application, By Region, 2015–2024 (USD Million)
Table 50 Market for Other Applications, By Type, 2015–2024 (USD Million)
Table 51 Market for Other Applications, By Region, 2015–2024 (USD Million)
Table 52 Market, By Region, 2015–2024 (USD Million)
Table 53 Market in North America, By Country, 2015–2024 (USD Million)
Table 54 Market in North America, By Application, 2015–2024 (USD Million)
Table 55 Market in Europe, By Country, 2015–2024 (USD Million)
Table 56 Market in Europe, By Application, 2015–2024 (USD Million)
Table 57 Market in APAC, By Country, 2015–2024 (USD Million)
Table 58 Market in APAC, By Application, 2015–2024 (USD Million)
Table 59 Market in RoW, By Region, 2015–2024 (USD Million)
Table 60 Market, By Deposition Technologies, 2015-2024 (USD Million)
Table 61 Market, in North America, By Technology, 2015-2024 (USD Million)
Table 62 Market, in Europe, By Technology, 2015-2024 (USD Million)
Table 63 Market, in APAC, By Technology, 2015-2024 (USD Million)
Table 64 Market, in RoW, By Technology, 2015-2024 (USD Million)
Table 65 Market for CVD Technology By Region, 2015-2024 (USD Million)
Table 66 Market for MBE Technology By Region, 2015-2024 (USD Million)
Table 67 Market for HPVE Technology By Region, 2015-2024 (USD Million)
Table 68 Market for Ammonothermal Technology By Region, 2015-2024 (USD Million)
Table 69 Market for LPE Technology By Region, 2015-2024 (USD Million)
Table 70 Market for ALD Technology By Region, 2015-2024 (USD Million)
Table 71 Market for General Lighting Application By Product, 2015-2024 (USD Million)
Table 72 Market for Telecommunication Application By Product, 2015-2024 (USD Million)
Table 73 Market for Military, Defense, and Aerospace Application By Product, 2015-2024 (USD Million)
Table 74 Market for Automotive Application By Product, 2015-2024 (USD Million)
Table 75 Market for Power Supply Application By Product, 2015-2024 (USD Million)
Table 76 Market for Datacom Application By Product, 2015-2024 (USD Million)
Table 77 Market for Consumer Displays Application By Product, 2015-2024 (USD Million)
Table 78 Market for Commercial Application By Product, 2015-2024 (USD Million)
Table 79 Market for Other Applications By Product, 2015-2024 (USD Million)
Table 80 Market for RF Device By Type, 2015-2024 (USD Million)
Table 81 Market for RF Device By Application, 2015-2024 (USD Million)
Table 82 Market for LED, By Region 2015-2024 (USD Million)
Table 83 Market for Optoelectronics, By Region 2015-2024 (USD Million)
Table 84 Market for RF, By Region 2015-2024 (USD Million)
Table 85 Market for RF Power, By Region 2015-2024 (USD Million)
Table 86 Market for RF Switching, By Region 2015-2024 (USD Million)
Table 87 Market for Other RF Devices, By Region 2015-2024 (USD Million)
Table 88 Compound Semiconductors Market for Power Electronics, By Region 2015-2024 (USD Million)
Table 89 Compound Semiconductors Market for North America, By Product 2015-2024 (USD Million)
Table 90 Compound Semiconductors Market for Europe, By Product 2015-2024 (USD Million)
Table 91 Compound Semiconductors Market for APAC, By Product 2015-2024 (USD Million)
Table 92 Compound Semiconductors Market for RoW, By Product 2015-2024 (USD Million)
Table 93 Compound Semiconductors Market in RoW, By Application, 2015–2024 (USD Million)
Table 94 Product Launches, 2018–2019
Table 95 Agreements, Collaborations, Partnerships, and Contracts, 2017–2018
Table 96 Acquisitions, 2018
Table 97 Expansions, 2018


List of Figures (64 Figures)

Figure 1 Market: Research Design
Figure 2 Research Flow of Market Size Estimation
Figure 3 Market: Bottom-Up Approach
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Power Supply and Automotive to Grow at High Rate in Compound Semiconductors Market During Forecast Period
Figure 8 Silicon Carbide (SiC) to Witness Highest CAGR in Compound Semiconductors Market During Forecast Period
Figure 9 LED to Hold Largest Size of Compound Semiconductors Market By 2024
Figure 10 APAC to Hold Largest Share of Compound Semiconductors Market By 2024
Figure 11 Increasing Adoption of Compound Semiconductors Including GAN, GAAS and SiC to Drive Growth of Compound Semiconductors Market During Forecast Period
Figure 12 Telecommunications and APAC Were Largest Share Holders of Compound Semiconductor in 2018
Figure 13 China, Japan, and US to Grow at Highest Rate in Compound Semiconductors Market During Forecast Period
Figure 14 Compound Semiconductor Value Chain Analysis
Figure 15 Value Chain Analysis for GAN on Silicon Technology
Figure 16 Compound Semiconductors Market, By Type
Figure 17 GAN to Hold Largest Size of Compound Semiconductors Market During Forecast Period
Figure 18 LED to Hold Largest Size of GAN Semiconductor Device Market During Forecast Period
Figure 19 Automotive Expected to Be Fastest Growing Application for GAN LED Market During Forecast Period
Figure 20 Telecommunications to Hold Largest Size of GAN RF Market During Forecast Period
Figure 21 RF Power to Hold Largest Size of GAAS Semiconductor Device Market During Forecast Period
Figure 22 Telecommunications to Dominate GAAS RF Market During the Forecast Period
Figure 23 Automotive to Be Fastest Growing Application for SiC Device Market During the Forecast Period
Figure 24 Optoelectronics to Hold Largest Size of INP Semiconductor Device Market During Forecast Period
Figure 25 Telecommunications and Datacom to Drive INP Device Market Growth
Figure 26 RF Power to Dominate SIGE Semiconductor Device Market During Forecast Period
Figure 27 Compound Semiconductors Market, By Product
Figure 28 LED to Hold Largest Size of Compound Semiconductors Market During Forecast Period
Figure 29 GAN to Hold Largest Size of Compound Semiconductors Market During Forecast Period
Figure 30 INP to Hold Largest Size for Optoelectronics During Forecast Period
Figure 31 GAAS to Hold Largest Size for RF Power During Forecast Period
Figure 32 GAAS to Hold Largest Size for RF Switching During Forecast Period
Figure 33 GAAS to Hold Largest Size for Other RF Devices During Forecast Period
Figure 34 SiC to Hold Largest Size for Power Electronics During Forecast Period
Figure 35 Telecommunications to Hold Largest Size Compound Semiconductors Market During Forecast Period
Figure 36 GAN to Lead General Lighting Market During Forecast Period
Figure 37 APAC to Dominate Compound Semiconductors Market for General Lighting Application During Forecast Period
Figure 38 GAAS to Dominate Compound Semiconductors Market for Telecommunications Application During Forecast Period
Figure 39 APAC to Grow at Highest Rate in Compound Semiconductors Market for Telecommunications Application During Forecast Period
Figure 40 GAN Market to Grow at Highest Rate for Military, Defense, & Aerospace Application During Forecast Period
Figure 41 North America to Lead Compound Semiconductor Market for Military, Defense & Aerospace Application During Forecast Period
Figure 42 SiC to Grow at the Highest CAGR for Automotive Application During Forecast Period
Figure 43 GAN Market to Grow at Highest Rate for Power Supply Application During Forecast Period
Figure 44 APAC to Dominate Market During Forecast Period
Figure 45 North America: Snapshot of Market
Figure 46 US to Dominate the Market in North America
Figure 47 Europe: Snapshot of Market
Figure 48 Germany to Hold the Largest Size of the Market in Europe
Figure 49 APAC: Snapshot of Market
Figure 50 China to Dominate Market in APAC During Forecast Period
Figure 51 South America to Lead Market in RoW During Forecast Period
Figure 52 Organic and Inorganic Strategies Adopted By Companies Operating in Market
Figure 53 Ranking Analysis of Market Players, 2018
Figure 54 Compound Semiconductor Market (Global) Competitive Leadership Mapping (2018)
Figure 55 Nichia: Company Snapshot
Figure 56 Samsung Electronics: Company Snapshot
Figure 57 Osram: Company Snapshot
Figure 58 Qorvo: Company Snapshot
Figure 59 Skyworks: Company Snapshot
Figure 60 Cree: Company Snapshot
Figure 61 Infineon: Company Snapshot
Figure 62 Mitsubishi Electric: Company Snapshot
Figure 63 NXP: Company Snapshot
Figure 64 on Semiconductor: Company Snapshot

The study involved 4 major activities to estimate the market size for compound semiconductors. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market. After that, market breakdown and data triangulation methods were used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The compound semiconductor market comprises several stakeholders, such as R&D, material and substrate providers, epitaxy providers, component/device manufacturers, OEMs, and regulatory organizations in the supply chain. The demand side of this market includes general lighting, consumer displays, telecommunications, power supply, military and defense, automotive, and datacom applications. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows

Compound Semiconductor Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the compound semiconductor market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides in general lighting, consumer displays, telecommunications, power supply, military and defense, automotive, and datacom applications.

Report Objectives

  • To describe and forecast the compound semiconductor market, in terms of value, by type, product, and application
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets 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 competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players
Report Code
SE 2588
Published ON
Feb, 2019
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