The report on the global Compound semiconductor market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
In most of applications of industry, compound semiconductors are preferred widely owing to outstanding features offered by them. Most of the industrial players as well as technical experts have been concentrating on generating several latest advancements in the films and wafers of compound semiconductor.
With the increasing high power semiconductor products and devices, there is a growing market demand in the development of several types of compound semiconductor and various associated technology of deposition. The market growth of photovoltaic cells, modules, optical devices, modules and wireless communication products is boosting the market for compound semiconductor.
KEY PREMIUM INDUSTRY INSIGHTS
- The major factors fueling the market demand for compound semiconductor include high levels of data consumption and the largest market for products of optoelectronic based on compound semiconductors.
- Despite exceptional demand, still the market has few hindering factors in terms of market growth such as huge new entrants’ level owing to technology and market attractiveness and, thus the higher degree of competition and also several issues of compatibility with high-end materials.
- The processes of bulk growth for compound semiconductors require better understanding, controlling which in turn would be a flaming issue in the global market for compound semiconductor in the years to come.
Regionally, the global market for compound semiconductor is segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. Among these, Asia-Pacific is expected to dominate the compound semiconductor market during the forecast period due to the established semiconductor & electronics industry in China & India and increase in adoption of compound semiconductor devices in automotive & transportation industries.
Moreover, technological advancement and owing to rise in investment in aerospace & defense and IT & telecommunication industries are expected to boost the North America market growth.
KEY MARKET PLAYERS
Key players in the compound semiconductor market include:
- Cree Inc.
- International Quantum Epitaxy Plc.
- Freescale Semiconductor Inc.
- LM Ericsson Telefon AB
- Taiwan Semiconductor Manufacturing Company Ltd.
- Renesas Electronics Corporation
- Texas Instruments, Inc.
- STMicroelectronics NV
- Infineon Technologies AG
- Toshiba Corporation
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