Compound Semiconductor Market to Reach $212.93 Billion, Globally, by 2027 at 11.1% CAGR: Allied Market Research

Increase in demand for compound semiconductor in LED technology, and emerging trends toward compound semiconductor wafers in the automotive industry fuel the growth of the global compound semiconductor market

PORTLAND, Ore., Sept. 22, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Compound Semiconductor Market By Type (III-V Compound Semiconductors, II-VI Compound Semiconductors, Sapphire, IV-IV Compound Semiconductors, and Others), Deposition Technology (Chemical Vapor Deposition, Molecular Beam Epitaxy, Hydride Vapor Phase Epitaxy, Ammonothermal, Liquid Phase Epitaxy, Atomic Layer Deposition, and Others), Product (Power Semiconductor, Transistors, Integrated Circuits, Diodes & Rectifiers, and Others), and Application (IT & Telecom, Industrial and Energy & Power, Aerospace & Defense, Automotive, Consumer Electronics, and Healthcare): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global compound semiconductor industry was estimated at $89.9 billion in 2019, and is anticipated to hit $212.93 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027.

Drivers, restraints, and opportunities-

Advantages of compound semiconductors over silicon-based technology, increase in demand for compound semiconductor epitaxial wafer in LED technology, and emerging trends toward compound semiconductor wafers in the automotive industry fuel the growth of the global compound semiconductor market. On the other hand, high-cost associated with compound semiconductor materials and components impedes the growth to some extent. However, emerging usage of compound semiconductors in smart technologies is expected to create lucrative opportunities in the industry.

Download Full Research Report: https://www.alliedmarketresearch.com/request-sample/1006

Covid-19 scenario-

• The Covid-19 outbreak has badly impacted the compound semiconductor industry with lower incomes, disruptions in the supply chain, production shutdowns, and staff shortage.
• However, the market is expected to recoup its position soon as government bodies across the world are coming up with relaxations on the existing regulations.

The power semiconductor segment to dominate by 2027-

Based on product, the power semiconductor segment contributed to more than one-fourth of the global compound semiconductor market share in 2019, and is anticipated to rule the roost by the end of 2027. This is due to rise in need for energy efficiency in semiconductor devices. The transistor segment, on the other hand, would grow at the fastest CAGR of 13.0% during the study period, owing to emerging usage of transistors in telecommunication.

The IT and Telecom segment to maintain the dominant share-

Based on application, the IT and Telecom segment accounted for more than one-fifth of the global compound semiconductor market revenue in 2019, and is expected to lead the trail till 2027. Development in telecom infrastructure drives the growth of the segment. Simultaneously, the industry and energy & power segment would portray the fastest CAGR of 13.2% throughout the forecast period. Emergence of industrial automation fuels the segment growth.

Get Advanced Details – Connect With Us: https://www.alliedmarketresearch.com/purchase-enquiry/1006

Asia-Pacific, followed by North America, garnered the major share in 2019-

Based on geography, Asia-Pacific, followed by North America, garnered the major share in 2019, holding nearly half of the global compound semiconductor market. The same region would also manifest the fastest CAGR of 13.2% from 2020 to 2027, owing to increase in adoption of high end technologies in the province.

Key players in the industry-

• Nichia Corporation
• Taiwan Semiconductor Manufacturing Company Ltd.
• Samsung Electronics
• Infineon Technologies AG.
• Qorvo
• NXP Semiconductor N.V.
• Cree Inc.
• Renesas Electronics Corporation
• Texas Instruments Inc.
• STMicroelectronics NV

Access AVENUE - A Subscription-Based Library (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Silicon Carbide (SiC) Power Semiconductors Market Expected to Reach $1,109 Million by 2025

Semiconductor IP Market Expected to reach $5,701 million, Globally, by 2024

3D Semiconductor Packaging Market to Reach $8.9 Billion, Globally, by 2022

Semiconductor Lasers Market Expected to Reach $8.9 Billion, Globally, by 2022

Epitaxial Wafer Market For Compound Semiconductor Expected to Reach $7.27 Billion By 2027

Pre-Book Now with 10% Discount:

Semiconductor Capital Equipment Market: Opportunity Analysis and Industry Forecast 2020-2027

Power Semiconductor Market: Global Opportunity Analysis and Industry Forecast 2020-2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn and Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg