Compound Semiconductor Market

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 Compound Semiconductor Market, By Application and Region
    4.3 Compound Semiconductor 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 Compound Semiconductor Market, By Product (Page No. - 68)
    7.1 Introduction
    7.2 Led
           7.2.1 Decreasing Prices of Led and Favorable Government Initiatives Drive Led Market Growth
    7.3 Optoelectronics
           7.3.1 Increasing Demand for High-Speed Data Transfer Devices Creates Opportunity for Optoelectronics Market
    7.4 RF Power
           7.4.1 Increasing Trends for Adoption of LTE and 5G to Provide Opportunities for RF Power Market
    7.5 RF Switching
           7.5.1 Telecommunications and Military & Defense are Important Applications of RF Switching Market
    7.6 Other RF Devices
    7.7 Power Electronics
           7.7.1 Increasing Importance of GAN and SiC Devices in Power Supply, UPS, and Wireless Charging Provides Opportunity for Power Electronics Segment

8 Compound Semiconductor Market, By Application (Page No. - 82)
    8.1 Introduction
    8.2 General Lighting
           8.2.1 Increasing Penetration of Leds in General Lighting Applications Provides Opportunity for GAN and GAN-On-Silicon Led Market
    8.3 Telecommunications
           8.3.1 Increasing Adoption of Compound Semiconductors for Telecom Infrastructure and Communication Devices Drives the Market
    8.4 Military, Defense, and Aerospace
           8.4.1 High Power Capability of GAN Makes It Suitable Material for Its Adoption in Military & Defense Applications
    8.5 Automotive
           8.5.1 Increasing Importance of Advanced Power Semiconductor Devices in Automotive Application Drives SiC and GAN Power Electronics Market
    8.6 Power Supply
           8.6.1 Wireless Charging to Provide Opportunity for GAN and SiC Devices Market
    8.7 Datacom
           8.7.1 Increasing Demand for High-Speed Transceivers in Data Center Drives Compound Semiconductor Market Growth
    8.8 Consumer Displays
           8.8.1 Demand for GAN Leds for Backlighting Plays an Important Role for Consumer Display Application
    8.9 Commercial
           8.9.1 Increasing Importance of Digital Signage Provides Opportunity for Compound Semiconductor-Based Led Market
    8.10 Others

9 Geographic Analysis (Page No. - 102)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Rising Adoption of Compound Semiconductors in Military and Defense to Boost Compound Semiconductor Market Growth
           9.2.2 Canada
                    9.2.2.1 Rising Trends of Electric Vehicles and Solar Energy to Boost Compound Semiconductor Market
           9.2.3 Mexico
                    9.2.3.1 Increasing Government Initiatives in 5G and Renewable Energy Sources Drives Compound Semiconductor Market Growth
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany to Dominate European Compound Semiconductor Market Owing to Growing Automotive Industry and Need for Electric Vehicles
           9.3.2 UK
                    9.3.2.1 Growing Initiatives From UK Government and Private Players to Augment Compound Semiconductor Market Growth
           9.3.3 France
                    9.3.3.1 Telecom and Automotive Industries to Provide Opportunities for Compound Semiconductor Market
           9.3.4 Italy
                    9.3.4.1 Growing Automotive Industry in Italy Provides Opportunities for Compound Semiconductor Market for Led and Power Electronics Segments
           9.3.5 Rest of Europe
    9.4 APAC
           9.4.1 China
                    9.4.1.1 Increasing Trends of 5G and Ev to Drive Compound Semiconductor Market Growth
           9.4.2 Japan
                    9.4.2.1 Growth is Driven By Rising Adoption of Compound Semiconductor Devices in Telecommunications, Lighting, and Automotive Applications
           9.4.3 South Korea
                    9.4.3.1 Compound Semiconductor Market Growth Mainly Driven By Telecommunications Application
           9.4.4 Rest of APAC
    9.5 RoW
           9.5.1 South America
                    9.5.1.1 GAN and GAAS Markets Expected to Grow Significantly
           9.5.2 Middle East and Africa
                    9.5.2.1 Telecommunications Application Provides Growth Prospects for Compound Semiconductor Market

10 Competitive Landscape (Page No. - 122)
     10.1 Overview
     10.2 Ranking Analysis of Market Players
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Players
     10.4 Developments
             10.4.1 Product Launches/Developments
             10.4.2 Agreements, Collaborations, Partnerships, and Contracts
             10.4.3 Acquisitions
             10.4.4 Expansions

11 Company Profiles (Page No. - 128)
     11.1 Introduction
     11.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             11.2.1 Nichia
             11.2.2 Samsung Electronics
             11.2.3 Osram
             11.2.4 Qorvo
             11.2.5 Skyworks
             11.2.6 Cree
             11.2.7 GAN Systems
             11.2.8 Infineon
             11.2.9 Mitsubishi Electric
             11.2.10 NXP
             11.2.11 on Semiconductor
     11.3 Other Key Players
             11.3.1 Analog Devices
             11.3.2 Broadcom
             11.3.3 EPC
             11.3.4 Lumentum
             11.3.5 Macom
             11.3.6 Microsemi
             11.3.7 Neophotonics
             11.3.8 Renesas Electronics
             11.3.9 Rohm
             11.3.10 San'an
             11.3.11 Stmicroelectronics
             11.3.12 Exagan
             11.3.13 Visic Technologies
             11.3.14 Transphorm

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

12 Appendix (Page No. - 167)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details

List of Tables (64 Tables)

Table 1 Compound Semiconductor 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 Compound Semiconductor Market for Leds, By Type, 2015–2024 (USD Million)
Table 25 Compound Semiconductor Market for Leds, By Application, 2015–2024 (USD Million)
Table 26 Compound Semiconductor Market for Optoelectronics, By Type, 2015–2024 (USD Million)
Table 27 Compound Semiconductor Market for Optoelectronics, By Application, 2015–2024 (USD Million)
Table 28 Compound Semiconductor Market for RF Power, By Type, 2015–2024 (USD Million)
Table 29 Compound Semiconductor Market for RF Switching, By Type, 2015–2024 (USD Million)
Table 30 Compound Semiconductor Market for Other RF Devices, By Type, 2015–2024 (USD Million)
Table 31 Compound Semiconductor Market for Power Electronics, By Type, 2015–2024 (USD Million)
Table 32 Compound Semiconductor Market for Power Electronics, By Application, 2015–2024 (USD Million)
Table 33 Compound Semiconductor Market, By Application, 2015–2024 (USD Million)
Table 34 Compound Semiconductor Market for General Lighting Applications, By Type, 2015–2024 (USD Million)
Table 35 Compound Semiconductor Market for General Lighting Applications, By Region, 2015–2024 (USD Million)
Table 36 Compound Semiconductor Market for Telecommunications Applications, By Type, 2015–2024 (USD Million)
Table 37 Compound Semiconductor Market for Telecommunications Application, By Region, 2015–2024 (USD Million)
Table 38 Compound Semiconductor Market for Military, Defense, & Aerospace Applications, By Type, 2015–2024 (USD Million)
Table 39 Compound Semiconductor Market for Military, Defense, & Aerospace Application, By Region, 2015–2024 (USD Million)
Table 40 Compound Semiconductor Market for Automotive Applications, By Type, 2015–2024 (USD Million)
Table 41 Compound Semiconductor Market for Automotive Application, By Region, 2015–2024 (USD Million)
Table 42 Compound Semiconductor Market for Power Supply Applications, By Type, 2015–2024 (USD Million)
Table 43 Compound Semiconductor Market for Power Supply Application, By Region, 2015–2024 (USD Million)
Table 44 Compound Semiconductor Market for Datacom Applications, By Type, 2015–2024 (USD Million)
Table 45 Compound Semiconductor Market for Datacom Application, By Region, 2015–2024 (USD Million)
Table 46 Compound Semiconductor Market for Consumer Displays Applications, By Type, 2015–2024 (USD Million)
Table 47 Compound Semiconductor Market for Consumer Display Application, By Region, 2015–2024 (USD Million)
Table 48 Compound Semiconductor Market for Commercial Applications, By Type, 2015–2024 (USD Million)
Table 49 Compound Semiconductor Market for Commercial Application, By Region, 2015–2024 (USD Million)
Table 50 Compound Semiconductor Market for Other Applications, By Type, 2015–2024 (USD Million)
Table 51 Compound Semiconductor Market for Other Applications, By Region, 2015–2024 (USD Million)
Table 52 Compound Semiconductor Market, By Region, 2015–2024 (USD Million)
Table 53 Compound Semiconductor Market in North America, By Country, 2015–2024 (USD Million)
Table 54 Compound Semiconductor Market in North America, By Application, 2015–2024 (USD Million)
Table 55 Compound Semiconductor Market in Europe, By Country, 2015–2024 (USD Million)
Table 56 Compound Semiconductor Market in Europe, By Application, 2015–2024 (USD Million)
Table 57 Compound Semiconductor Market in APAC, By Country, 2015–2024 (USD Million)
Table 58 Compound Semiconductor Market in APAC, By Application, 2015–2024 (USD Million)
Table 59 Compound Semiconductor Market in RoW, By Region, 2015–2024 (USD Million)
Table 60 Compound Semiconductor Market in RoW, By Application, 2015–2024 (USD Million)
Table 61 Product Launches, 2018–2019
Table 62 Agreements, Collaborations, Partnerships, and Contracts, 2017–2018
Table 63 Acquisitions, 2018
Table 64 Expansions, 2018

List of Figures (64 Figures)

Figure 1 Compound Semiconductor Market: Research Design
Figure 2 Research Flow of Market Size Estimation
Figure 3 Compound Semiconductor 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 Semiconductor Market During Forecast Period
Figure 8 Silicon Carbide (SiC) to Witness Highest CAGR in Compound Semiconductor Market During Forecast Period
Figure 9 Led to Hold Largest Size of Compound Semiconductor Market By 2024
Figure 10 APAC to Hold Largest Share of Compound Semiconductor Market By 2024
Figure 11 Increasing Adoption of Compound Semiconductors Including GAN, GAAS and SiC to Drive Growth of Compound Semiconductor 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 Semiconductor Market During Forecast Period
Figure 14 Compound Semiconductor Value Chain Analysis
Figure 15 Value Chain Analysis for GAN on Silicon Technology
Figure 16 Compound Semiconductor Market, By Type
Figure 17 GAN to Hold Largest Size of Compound Semiconductor 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 Semiconductor Market, By Product
Figure 28 Led to Hold Largest Size of Compound Semiconductor Market During Forecast Period
Figure 29 GAN to Hold Largest Size of Compound Semiconductor 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 Semiconductor Market During Forecast Period
Figure 36 GAN to Lead General Lighting Market During Forecast Period
Figure 37 APAC to Dominate Compound Semiconductor Market for General Lighting Application During Forecast Period
Figure 38 GAAS to Dominate Compound Semiconductor Market for Telecommunications Application During Forecast Period
Figure 39 APAC to Grow at Highest Rate in Compound Semiconductor 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 Compound Semiconductor Market During Forecast Period
Figure 45 North America: Snapshot of Compound Semiconductor Market
Figure 46 US to Dominate the Compound Semiconductor Market in North America
Figure 47 Europe: Snapshot of Compound Semiconductor Market
Figure 48 Germany to Hold the Largest Size of the Compound Semiconductor Market in Europe
Figure 49 APAC: Snapshot of Compound Semiconductor Market
Figure 50 China to Dominate Compound Semiconductor Market in APAC During Forecast Period
Figure 51 South America to Lead Compound Semiconductor Market in RoW During Forecast Period
Figure 52 Organic and Inorganic Strategies Adopted By Companies Operating in Compound Semiconductor 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

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 compound semiconductor market

Scope of the Report

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 compound semiconductor 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 compound semiconductor market has been classified into the following segments:

• North America
• Europe
• APAC
• RoW

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