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

[178 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

Key Market Dynamics in Compound Semiconductor Market

Rise in demand and implementation of GaN and SiC in semiconductor industry

Due to the growing demand for compound semiconductors from power supplies, photovoltaic (PV) inverters, and power inverters in most of the power applications, there would be high demand for silicon carbide (SiC) and gallium nitride (GaN) in power semiconductors in the near future. Further, GaN-on-silicon transistors are expected to achieve price parity with silicon metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated-gate bipolar transistors (IGBTs) while providing comparable performance.

GaN has all properties of SiC, such as wide bandgap that permits semiconductor devices to operate at high temperatures, voltages, and frequencies, required for applications in ambient and harsh environments. The material properties of both SiC and GaN are superior to Si, especially in applications such as radio frequency and switching. The primary motive behind the development of SiC was to replace Si. However, after the discovery of GaN, SiC- and GaN-based semiconductor devices are expected to compete with each other. Currently, GaN is used in low-power and voltage, high-frequency applications such as in hardware power modules, signal amplifiers and switching systems, wired communication devices, inverters, switch mode consumer power-supply systems, automotive sector, smart grid power systems, wind turbines, and wind power systems, and power factor correction (PFC) systems. GaN and SiC devices have opportunities for power applications in EV and EV charging infrastructure. SiC also has potential for power supply, UPS, wireless charging and PV

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 community and executives of market players.

As compound semiconductors are commercially synthesized in high-temperature environments, they are more expensive than Si raw material, while Si can be easily extracted from silica that occurs naturally. During device fabrication, several factors play a role in making it costlier for foundries and fabs, such as the lesser number of foundry and fab facilities. Moreover, the final phases such as assembly, testing, and packaging are costlier due to lack of advanced technology-based suitable equipment. Due to the aforementioned reasons, semiconductor industry players are skeptical of entering the compound semiconductor industry business. Therefore, the growth of the compound semiconductor industry value chain and the development of industry segments are hindered, which, in turn, affects the growth in the number of players in this 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 compound semiconductor 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 market during the forecast period?
  • What are strategies followed by compound semiconductor providers to stay ahead in market?
  • What are the growth perspectives of market in different regions?
  • What are drivers, opportunities, and challenges in 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 Compound Semiconductor 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 Compound Semiconductor 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

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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