Market Leadership - Compound Semiconductor Market

The global compound semiconductor market is projected to grow from USD 32.0 billion in 2020 to USD 43.4 billion by 2025, at a CAGR of 6.3%. The increasing demand and implementation of GaN and SiC in the semiconductor industry is one of the key factors driving the growth of the compound semiconductor market. Also, the growing use of compound semiconductors in LED applications is likely to boost the market growth.

Nichia (Japan), Samsung Electronics (South Korea), ams (Austria), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), EPC (US), Lumentum (US), MACOM (US), Microchip (US), NeoPhotonics (US), Qualcomm (US), Renesas Electronics (Japan), ROHM (Japan), San’an (China), II-VI (US), STMicroelectronics (Switzerland), Transphorm (US), and VisIC Technologies (Israel) are the major players operating in the global compound semiconductor market.

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The compound semiconductor market is competitive, owing to the presence of several players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are agreements and product launches. Many market players adopted product launch as their primary business strategy. For instance, in May 2020, OSRAM, the subsidiary of ams (Austria), launched a new OSRAM 24V TEC Flex family that offers uniform illumination for a broad range of indoor and outdoor applications. TEC Flex Tunable White (TW) can be used for continuously modulating the color temperature from 2700 K to 6500 K while maintaining a high color yield. Apart from this, players have also adopted the agreement strategy to expand their businesses. For instance, in March 2020, ON Semiconductor entered into a 5-year agreement with GT Advanced Technologies (GTAT) (US) for the production and supply of silicon carbide material. With this agreement, GTAT will produce and supply its CrystX silicon carbide (SiC) material to ON Semiconductor. This agreement is valued at a potential of USD 50 million.

Nichia largely focuses on R&D activities and is an early inventor of various types of LEDs. For example, the company invented blue and white LEDs. It was the first company to invent and commercialize blue LED in 1993 and developed the world’s first white LED by combining yellow phosphor and blue LED, followed by the development of blue–violet semiconductor laser. Further, the invention of nitride-based LED and laser diodes led to the technological innovation of light sources in the field of display, general lighting, automotive, industrial equipment, and medical care and measurement. Therefore, it is expected that the company would invest in GaN-based LEDs and continue to be a leader in the compound semiconductor-based LED market. The company focuses on product launch as its key growth strategy. For instance, in September 2019, the company announced the launch of a tunable 2-in-1 white LED with a single light-emitting surface (LES). This proprietary 2-in-1 LED technology offers a high color quality, in some cases up to ~90 CRI. Also, in April 2019, the company launched a new 280 nm deep UV LED, UCV NCSU334A. This new product finds applications in water purification and air sterilization using solid-state lighting. The company plans to invest and focus on automotive applications to be a leading supplier in the compound semiconductor market.

Samsung’s expertise in semiconductor manufacturing and IT serves as the quintessential foundation for the continued innovation and delivery of state-of-the-art LED devices. Samsung LEDs own various patent rights, involving EPI, chip, packaging, phosphor, modules, and drivers for crucial LED technological areas. Samsung LEDs endeavor to take the leading role in both LED applications and components with a smart, innovative approach to lighting. It is expected that the company would continue to invest in technological development and designing of LEDs. The company has a stronghold in the overall consumer electronics market in applications such as TVs, mobile phones, and others, which is expected to boost the overall LED business of the company. It is one of the leading consumer electronics companies. It has a worldwide presence with more than 217 plants in China, Korea, Japan, and Southeast Asia. It had a strong partnership network with 2,500 (Tier 1) suppliers as of December 2019. Samsung focuses on product launches to expand its presence in the market. For instance, in March 2020, the company introduced the first “human-centric” LED packages, collectively known as LM302N. The LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed, depending on their daily life patterns. Also, in April 2019, the company enhanced its mid-power LED package – the LM301H – for horticulture applications, such as greenhouse and vertical farming. At 3.10 micromoles per joule (ěmol/J), the newly introduced LM301H now features the highest photon efficacy.

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Compound Semiconductor Market with COVID-19 Impact by Type (GaN, GaAs, SiC, InP), Product (LED, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Power Supply), and Geography - Global Forecast to 2025

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