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
The compound semiconductor market forecasts 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 gallium nitride (GaN) and silicon carbide (SiC) in semiconductor industry, and high use of compound semiconductors in light emitting diodes (LED) applications are the major factors driving the growth of market. Increasing importance of compound semiconductors in automotive, telecom and power devices industries further provides opportunity for the compound semiconductor market.
See how this study impacted revenues for other players in Compound Semiconductor Market
Client’s Problem Statement
A prominent player of GaN LED market, was looking to understand the current market trends of GaN LED and was interested to expand its business for leading applications. Client was also interested to launch advanced technology-based LEDs.
MnM Approach
Client engaged MnM to conduct a study with the following objectives
• Market sizing and forecasting for various applications of GaN LEDs such as general lighting, consumer displays, commercial and automotive to target fastest growing applications
• To understand and analyze advanced technologies used for manufacturing LEDs such as GaN-on-Silicon, value chain and recent developments for GaN-on-Silicon technology
• Profiling and competitive benchmarking of key vendors offering GaN LEDs
Revenue Impact (RI)
Revenue impacted value was approx. USD 100 million
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.Some of advantages of GaN include: It offers high power density and superior thermal conductivity; it can operate at higher voltages due to high voltage breakdown; GaN devices can deliver much high current density; it can be used for 5G mmwave applications due to high frequency and high efficiency; It can be cost effective for some applications if it is made of silicon substrate. GaN finds applications in LEDs, optoelectronics, RF, and power electronics. LEDs contribute to the largest share of the GaN market. RF and power electronics segments are expected to grow at faster rates for GaN compared to LED segment. Deployment of 5G networks, will bring a huge opportunity for GaN devices during the forecast period. GaN devices are able to deliver the power or efficiency level required for next generation high frequency telecom networks
Based on product type, 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. GaN LED can be made on substrate sapphire, SiC or silicon. GaN on Si LEDs are gaining traction in the compound semiconductor market. Sapphire is majorly used substrate for LEDs. SiC substrates are very expensive and silicon is a very common substrate in the semiconductor industry, and the costs are much lower than either sapphire or SiC. Hence market for GaN on silicon LED expected to grow at a very high rate in coming years compared to other substrates. Various developments by players for GaN on silicon LED would also help to grow the compound semiconductor market. Automotive is fastest growing application of LED. Improved LED performance, lower power consumption, and flexible design and cost reductions helped LED technology to spread to all vehicle categories which was earlier limited to premium vehicles
Based on Application, automotive to grow at highest CAGR during the forecast period
Automotive is the fastest-growing application due to adoption of compound semiconductor (GaN and SiC) based power devices in segments such as charging infrastructure and EV/HEV. SiC-based power devices can operate at higher temperatures with higher thermal conductivity, higher breakdown voltage at lower on-stage resistance, faster switching speed, lower conduction, and switching on-state loss. GaN is also gaining importance in power electronics.
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 compound semiconductor 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. Telecommunications is among the most important applications of market in APAC. The market is driven by increasing adoption of compound semiconductor in telecom infrastructure as well as in devices such as smartphones. Increasing adoption of LTE and 5G networks is expected to provide opportunities during the forecast period. 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. Power supply and automotive are among fastest growing applications in APAC. Rising adoption of compound semiconductor materials for power devices is major factor for the growth of compound semiconductor market. GaN and SiC devices allow users to operate in the double-conversion mode and maintain high efficiencies. Using these devices in UPS can facilitate in size reduction, increase in power quality, and reduction in cost. These provide distinct advantages compared with its silicon and hybrid counterparts.
Market Dynamics
Driver: High use of compound semiconductors in LED applications
LEDs are replacing various light sources such as incandescent bulbs, fluorescent bulbs, and CFLs. It is observed that there is increased penetration of LEDs in various applications, including general lighting, automotive lighting, and signage displays.
LEDs comprise compound semiconductor materials, which are made from group III and group V elements of the periodic table (these are known as III-V materials). III-V materials that are commonly used to make LEDs are gallium nitride (GaN), gallium arsenide (GaAs), and gallium phosphide (GaP). Among the mentioned materials, GaN is mainly used in LEDs. GaN-based compounds are crucial for short wavelength light emitters used in solid state lighting systems. LEDs are used in general lighting, automotive lighting, digital signage and others. LEDs are used in displays in most of the consumer electronic devices such as mobile phones, tablets, laptops, PCs, TVs, smart bands, smart watches, and fitness trackers. Most of these devices are battery operated and are designed for operations at lower voltages. GaN on sapphire is mainstream technology for LEDs while GaN on Silicon exhibits potential due to low cost of manufacturing.
Restraint: High material and fabrication costs associated with compound semiconductors
The major factor restraining the compound semiconductor market growth 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 for this is that all processes are complex, newer, employ advanced technologies, and require state-of-the-art high priced equipment, as well as lack familiarity and required expertise in manufacturing processes among the engineering personnel and executives of compound semiconductor industry players.
Opportunity: Growing automotive, telecom and power industries
The telecommunications industry is witnessing high growth due to the growing trends in 5G telecom infrastructure. GaN, GaAs, and InP materials are used in telecom applications. Players such as Skyworks, Qorvo, Broadcom, and others provide compound semiconductor-based devices for telecom base stations for 5G. The automotive application is expected to witness a high growth rate owing to the adoption of compound semiconductors in electric vehicles, hybrid vehicles, automotive lighting, and LiDAR. GaN-based devices are mainly used for automotive lighting applications in headlights, tails lamps, car interior lighting, fog lights, stop lights, and dome lights. There is high demand for SiC-based MOSFETs in automotive for EV charging infrastructure, electric vehicle, and motor drive applications. Power supply applications are expected to witness high growth with the use of compound semiconductor devices in wireless charging, power supply, and UPS. Currently, SiC-based devices are mainly used for power supply applications in electric vehicles, charging infrastructure, and photovoltaic inverters however GaN based devices are also expected to grow significantly in these applications
Challenge: Compound semiconductors are complex to design
There is a high level of design complexity in the designing of 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, thereby reducing the electricity consumption of wireless base stations and similar applications
Scope of the Report
|
Report Metric |
Detail |
|
Compound Semiconductor Market 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), Cree (US), GaN Systems (Canada); Infineon (Germany); Mitsubishi Electric (Japan); NXP Semiconductors (Netherlands); and ON Semiconductor (US); Analog Devices (US); Broadcom (US); Efficient Power Conversion Corporation (US); Lumentum (US); NeoPhotonics (US); San’an Optoelectronics (China); and STMicroelectronics (Switzerland) 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 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
Key Market Players
Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (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), MACOM (US), ROHM (Japan) 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. Company focuses on R&D activities to launch new products frequently in order to expand it’s presence in the compound semiconductor market. In November 2018, Nichia launched color tunable Chip-on-Board (COB) series general lighting LEDs—NJCWL024Z-V1MT and NVCWJ024Z-V1MT. In Septmber 2018, Nichia launched 585 series of mid-power LEDs including NF2W585AR and NF3W585AR having high flux output at ~0.5W
Recent Developments
- In January 2019, 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.
- In December 2018, 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.
- In November 2018, Nichia launched color tunable Chip-on-Board (COB) series general lighting LEDs—NJCWL024Z-V1MT and NVCWJ024Z-V1MT.
- September 2018, 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.
- In October 2018, Cree signed a long-term agreement to produce and supply its Wolfspeed silicon carbide wafers to one of the world’s leading power device companies. The agreement was valued at more than USD 85 million.
- In August 2018, GaN Systems and PowerSyphr (US), an innovator in wireless charging, entered into an agreement to develop GaN-based wireless power systems to compound semiconductor market high power applications across consumer, industrial, and automotive sectors.
Key Questions Addressed by the Aeport
- What are different market trends pertaining to different types of compound semiconductors?
- 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 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. - 23)
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. - 27)
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 Primaries
2.2 Market Size Estimation
Figure 2 Research Flow of Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
Figure 3 Compound Semiconductor Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By 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. - 35)
Figure 7 Power Supply and Automotive to Grow at High Rate in Market During Forecast Period
Figure 8 Silicon Carbide (SIC) to Witness Highest CAGR in Market During Forecast Period
Figure 9 LED to Hold Largest Size of Market By 2024
Figure 10 APAC to Hold Largest Share of Market By 2024
4 Premium Insights (Page No. - 40)
4.1 Attractive Growth Opportunities in Market
Figure 11 Increasing Adoption of Compound Semiconductors Including GaN, Gaas and SIC to Drive Growth of Market During Forecast Period
4.2 Market, By Application and Region
Figure 12 Telecommunications and APAC Were Largest Share Holders of Compound Semiconductor in 2018
4.3 Market Growth Rates, By Country
Figure 13 China, Japan, and US to Grow at Highest Rate in Market During Forecast Period
5 Market Overview (Page No. - 43)
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
Figure 14 Compound Semiconductor Value Chain Analysis
5.4 Trends of GaN on Silicon Technology
Figure 15 Value Chain Analysis for GaN on Silicon Technology
5.5 Recent Developments for GaN on Silicon
6 Compound Semiconductor Market, By Type (Page No. - 52)
6.1 Introduction
Figure 16 Compound Semiconductor Market, By Type
Figure 17 GaN to Hold Largest Size of Market During Forecast Period
Table 1 Market, By Type, 2015–2024 (USD Million)
6.2 Gallium Nitride (GaN)
6.2.1 Increasing Usage of GaN in General Lighting, Signage, and Automotive to Drive GaN LED Market
Figure 18 LED to Hold Largest Size of GaN Semiconductor Device Market During Forecast Period
Table 2 GaN Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Table 3 GaN Semiconductor Device Market, By Application, 2015–2024 (USD Million)
Figure 19 Automotive Expected to be Fastest Growing Application for GaN LED Market During Forecast Period
Table 4 GaN LED Market, By Application, 2015–2024 (USD Million)
Table 5 GaN Optoelectronics Market, By Application, 2015–2024 (USD Million)
Figure 20 Telecommunications to Hold Largest Size of GaN Rf Market During Forecast Period
Table 6 GaN Rf Device Market, By Application, 2015–2024 (USD Million)
Table 7 GaN Power Electronics Market, By Application, 2015–2024 (USD Million)
6.3 Gallium Arsenide (Gaas)
6.3.1 High Electron Mobility in Gaas Provides Opportunity for High Speed Devices
Figure 21 Rf Power to Hold Largest Size of Gaas Semiconductor Device Market During Forecast Period
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)
Figure 22 Telecommunications to Dominate Gaas Rf Market During the Forecast Period
Table 12 Gaas Rf Device Market, By Application, 2015–2024 (USD Million)
6.4 Silicon Carbide (SIC)
6.4.1 Increasing Adoption of Ev Provides Ample Opportunities for SIC Power Electronics Market
Figure 23 Automotive to be Fastest Growing Application for SIC Device Market During the Forecast Period
Table 13 SIC Device Market, By Application, 2015–2024 (USD Million)
6.5 Indium Phosphide (Inp)
6.5.1 Higher Electron Velocity Drives Inp Device Market Growth for Telecom and Datacom Applications
Figure 24 Optoelectronics to Hold Largest Size of Inp Semiconductor Device Market During Forecast Period
Table 14 Inp Semiconductor Device Market, By Product, 2015–2024 (USD Million)
Figure 25 Telecommunications and Datacom to Drive Inp Device Market Growth
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)
6.6 Silicon Germanium (Sige)
6.6.1 Optoelectronics and Rf Support Sige Market Growth
Figure 26 Rf Power to Dominate Sige Semiconductor Device Market During Forecast Period
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)
6.7 Gallium Phosphide (GAP)
6.7.1 Low Power LEDs is Key Application of GAP
Table 22 GAP LED Market, By Application, 2015–2024 (USD Million)
7 Compound Semiconductor Market, By Product (Page No. - 73)
7.1 Introduction
Figure 27 Compound Semiconductor Market, By Product
Figure 28 LED to Hold Largest Size of Market During Forecast Period
Table 23 Market, By Product, 2015–2024 (USD Million)
7.2 LED
7.2.1 Decreasing Prices of LED and Favorable Government Initiatives Drive LED Market Growth
Figure 29 GaN to Hold Largest Size of Market During Forecast Period
Table 24 Market for LEDs, By Type, 2015–2024 (USD Million)
Table 25 Market for LEDs, By Application, 2015–2024 (USD Million)
7.3 Optoelectronics
7.3.1 Increasing Demand for High-Speed Data Transfer Devices Creates Opportunity for Optoelectronics Market
Figure 30 Inp to Hold Largest Size for Optoelectronics During Forecast Period
Table 26 Market for Optoelectronics, By Type, 2015–2024 (USD Million)
Table 27 Market for Optoelectronics, By Application, 2015–2024 (USD Million)
7.4 Rf Power
7.4.1 Increasing Trends for Adoption of Lte and 5g to Provide Opportunities for Rf Power Market
Figure 31 Gaas to Hold Largest Size for Rf Power During Forecast Period
Table 28 Market for Rf Power, By Type, 2015–2024 (USD Million)
7.5 Rf Switching
7.5.1 Telecommunications and Military & Defense are Important Applications of Rf Switching Market
Figure 32 Gaas to Hold Largest Size for Rf Switching During Forecast Period
Table 29 Market for Rf Switching, By Type, 2015–2024 (USD Million)
7.6 Other Rf Devices
Figure 33 Gaas to Hold Largest Size for Other Rf Devices During Forecast Period
Table 30 Market for Other Rf Devices, By Type, 2015–2024 (USD Million)
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
Figure 34 SIC to Hold Largest Size for Power Electronics During Forecast Period
Table 31 Market for Power Electronics, By Type, 2015–2024 (USD Million)
Table 32 Market for Power Electronics, By Application, 2015–2024 (USD Million)
8 Compound Semiconductor Market, By Application (Page No. - 87)
8.1 Introduction
Figure 35 Telecommunications to Hold Largest Size Compound Semiconductor Market During Forecast Period
Table 33 Market, By Application, 2015–2024 (USD Million)
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
Figure 36 GaN to Lead General Lighting Market During Forecast Period
Table 34 Market for General Lighting Applications, By Type, 2015–2024 (USD Million)
Figure 37 APAC to Dominate Market for General Lighting Application During Forecast Period
Table 35 Semiconductor Market for General Lighting Applications, By Region, 2015–2024 (USD Million)
8.3 Telecommunications
8.3.1 Increasing Adoption of Compound Semiconductors for Telecom Infrastructure and Communication Devices Drives the Market
Figure 38 Gaas to Dominate Market for Telecommunications Application During Forecast Period
Table 36 Market for Telecommunications Applications, By Type, 2015–2024 (USD Million)
Figure 39 APAC to Grow at Higest Rate in Market for Telecommunications Application During Forecast Period
Table 37 Market for Telecommunications Application, By Region, 2015–2024 (USD Million)
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
Figure 40 GaN Market to Grow at Highest Rate for Military, Defense, & Aerospace Application During Forecast Period
Table 38 Market for Military, Defense, & Aerospace Applications, By Type, 2015–2024 (USD Million)
Figure 41 North America to Lead Market for Military, Defense & Aerospace Application During Forecast Period
Table 39 Market for Military, Defense, & Aerospace Application, By Region, 2015–2024 (USD Million)
8.5 Automotive
8.5.1 Increasing Importance of Advanced Power Semiconductor Devices in Automotive Application Drives SIC and GaN Power Electronics Market
Figure 42 SIC to Grow at the Highest CAGR for Automotive Application During Forecast Period
Table 40 Market for Automotive Applications, By Type, 2015–2024 (USD Million)
Table 41 Market for Automotive Application, By Region, 2015–2024 (USD Million)
8.6 Power Supply
8.6.1 Wireless Charging to Provide Opportunity for GaN and SIC Devices Market
Figure 43 GaN Market to Grow at Highest Rate for Power Supply Application During Forecast Period
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)
8.7 Datacom
8.7.1 Increasing Demand for High-Speed Transceivers in Data Center Drives Compound Semiconductor Market Growth
Table 44 Market for Datacom Applications, By Type, 2015–2024 (USD Million)
Table 45 Market for Datacom Application, By Region, 2015–2024 (USD Million)
8.8 Consumer Displays
8.8.1 Demand for GaN LEDs for Backlighting Plays an Important Role for Consumer Display Application
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)
8.9 Commercial
8.9.1 Increasing Importance of Digital Signage Provides Opportunity for Compound Semiconductor-Based LED Market
Table 48 Market for Commercial Applications, By Type, 2015–2024 (USD Million)
Table 49 Market for Commercial Application, By Region, 2015–2024 (USD Million)
8.10 Others
Table 50 Market for Other Applications, By Type, 2015–2024 (USD Million)
Table 51 Market for Other Applications, By Region, 2015–2024 (USD Million)
9 Geographic Analysis (Page No. - 107)
9.1 Introduction
Figure 44 APAC to Dominate Market During Forecast Period
Table 52 Market, By Region, 2015–2024 (USD Million)
9.2 North America
Figure 45 North America: Snapshot of Compound Semiconductor Market
Figure 46 US to Dominate the Market in North America
Table 53 Market in North America, By Country, 2015–2024 (USD Million)
Table 54 Market in North America, By Application, 2015–2024 (USD Million)
9.2.1 US
9.2.1.1 Rising Adoption of Compound Semiconductors in Military and Defense to Boost Market Growth
9.2.2 Canada
9.2.2.1 Rising Trends of Electric Vehicles and Solar Energy to Boost Market
9.2.3 Mexico
9.2.3.1 Increasing Government Initiatives in 5g and Renewable Energy Sources Drives Market Growth
9.3 Europe
Figure 47 Europe: Snapshot of Market
Figure 48 Germany to Hold the Largest Size of the Market in Europe
Table 55 Market in Europe, By Country, 2015–2024 (USD Million)
Table 56 Market in Europe, By Application, 2015–2024 (USD Million)
9.3.1 Germany
9.3.1.1 Germany to Dominate European 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 Market Growth
9.3.3 France
9.3.3.1 Telecom and Automotive Industries to Provide Opportunities for Market
9.3.4 Italy
9.3.4.1 Growing Automotive Industry in Italy Provides Opportunities for Market for LED and Power Electronics Segments
9.3.5 Rest of Europe
9.4 APAC
Figure 49 APAC: Snapshot of Market
Figure 50 China to Dominate Market in APAC During Forecast Period
Table 57 Market in APAC, By Country, 2015–2024 (USD Million)
Table 58 Market in APAC, By Application, 2015–2024 (USD Million)
9.4.1 China
9.4.1.1 Increasing Trends of 5g and Ev to Drive 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
Figure 51 South America to Lead Market in RoW During Forecast Period
Table 59 Semiconductor Market in RoW, By Region, 2015–2024 (USD Million)
Table 60 Market in RoW, By Application, 2015–2024 (USD Million)
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 Market
10 Competitive Landscape (Page No. - 127)
10.1 Overview
Figure 52 Organic and Inorganic Strategies Adopted By Companies Operating in Compound Semiconductor Market
10.2 Ranking Analysis of Market Players
Figure 53 Ranking Analysis of Market Players, 2018
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Players
Figure 54 Market (Global) Competitive Leadership Mapping (2018)
10.4 Developments
10.4.1 Product Launches/Developments
Table 61 Product Launches, 2018–2019
10.4.2 Agreements, Collaborations, Partnerships, and Contracts
Table 62 Agreements, Collaborations, Partnerships, and Contracts, 2017–2018
10.4.3 Acquisitions
Table 63 Acquisitions, 2018
10.4.4 Expansions
Table 64 Expansions, 2018
11 Company Profiles (Page No. - 133)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Introduction
11.2 Key Players
11.2.1 Nichia
Figure 55 Nichia: Company Snapshot
11.2.2 Samsung Electronics
Figure 56 Samsung Electronics: Company Snapshot
11.2.3 OSRAM
Figure 57 OSRAM: Company Snapshot
11.2.4 Qorvo
Figure 58 Qorvo: Company Snapshot
11.2.5 Skyworks
Figure 59 Skyworks: Company Snapshot
11.2.6 Cree
Figure 60 Cree: Company Snapshot
11.2.7 GaN Systems
11.2.8 Infineon
Figure 61 Infineon: Company Snapshot
11.2.9 Mitsubishi Electric
Figure 62 Mitsubishi Electric: Company Snapshot
11.2.10 NXP
Figure 63 NXP: Company Snapshot
11.2.11 on Semiconductor
Figure 64 on Semiconductor: Company Snapshot
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
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 172)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
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 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
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Compound Semiconductor Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Compound Semiconductor Market
I am interested in Compound Semiconductor substrate market size forecast and there real-time applications.
Our company manufactures selenium based semiconductor products. We plan to expand production towards connections based on other elements. We are interested in the content of your report, as well as would like to know your understanding of the market for selenium compounds for the semiconductor industry (the market volume in tons will be sufficient). Since we have been working in this market for over 20 years, we will be able to understand how reliable the data of your report will be for making a decision on its purchase.
I am looking for a report that includes 1. Total semiconductor consumption in India (from end product point of view) 2. Total design and Manufacturing market in India.
Particularly interested in names/locations of companies who provide or supply compound semiconductor crystals and manufacture wafers.
I've worked in RF technologies for many years but am now a lone consultant doing leadership development with high tech companies. A prospective client is interested in the compound semiconductor market, so I'd like some background numbers.
Total market for Semi Insulating GaAs wafer shipments and salient forecasts of same is an area of interest as well as all market for GaN related high power and high frequency applications