Compound Semiconductor Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The global compound semiconductor materials market achieved revenues of US$ 35 billion in 2024 and is poised to double, reaching US$ 64 billion by 2031, according to recent research by Fairfield Market Research. The Asia Pacific region is projected to lead the global market throughout the forecast period.

The Impact of 5G Technology: The global compound semiconductor materials market is anticipated to witness significant growth, largely driven by the telecom industry, despite its widespread use in various applications such as military systems, wind turbines, and sensor systems. Compound semiconductor materials are particularly promising in the telecom sector, benefiting from the surge in demand for radio frequency (RF) semiconductor devices as the telecom industry rapidly expands worldwide, both in developed and developing nations. As the transition from 3G to 4G/LTE and now 5G connectivity continues, there is a rising need for compound semiconductor materials to meet the specifications for 4G and 5G networks. This trend is expected to fuel substantial growth in the global compound semiconductor materials market.

The Role of LED Applications: The increasing adoption of Light Emitting Diodes (LEDs) is driving the use of compound semiconductor materials. LEDs are replacing traditional lighting solutions in applications such as automotive lighting, signage displays, and general lighting. LEDs are manufactured using compound semiconductor materials, including gallium phosphide (GaP), gallium arsenide (GaAs), and gallium nitride (GaN). This shift toward LEDs is expected to contribute significantly to the growth of the global compound semiconductor materials market.

Asia Pacific Dominance: Asia Pacific is set to dominate the global compound semiconductor materials market, driven by the presence of key industry players like Rohm, Nichia, San'an, and Samsung Electronics. The commercialization of 5G services in emerging economies such as Japan, South Korea, and China, along with rapid urbanization and the growth of the consumer electronics market, is expected to boost demand for compound semiconductor materials in the region.

Growth Strategies of Market Players: The global compound semiconductor materials market is highly competitive, with companies striving to differentiate themselves through product offerings and value-added services. Market players are actively pursuing strategies such as mergers and acquisitions, vertical integration, and strategic alliances to expand their capabilities and offerings throughout the value chain. For instance, IQE plc has formed a strategic alliance with Porotech to develop and commercialize unique wafer technology, PoroGaN. GlobalFoundries and IQE plc have collaborated to develop gallium nitride on silicon technologies for mobile and wireless infrastructure.

Product Overview: Compound semiconductor materials consist of elements from more than two different groups in the periodic table and can exist in binary, ternary, or quaternary forms. These materials include III-Vs, II-Vis, IV-IVs, and sapphire, offering various bandwidth options and outperforming elemental semiconductors like silicon and germanium in terms of electron mobility, band gap, and thermal noise. Compound semiconductor materials find applications in optoelectronics devices, wireless technologies, mobile devices, light-emitting diodes (LEDs), lasers, space applications, sensors, and optical data storage devices.

Key Market Players:

Cree Inc.
Air Products and Chemicals, Inc.
Galaxy Compound Semiconductors Inc.
Dow Corning Corporation
Nichia Corporation
Momentive

The global compound semiconductor materials market is on an upward trajectory, driven by the telecom sector's adoption of 5G technology and the increasing prominence of LED applications. Asia Pacific is poised to lead the market, with players in the industry actively pursuing growth strategies to remain competitive.

Compound Semiconductor Materials Industry Research Segmentation

By Type:

Group IV-IV
Group III-V
Group II-VI
Sapphire

By Application:

Electronics & Consumer Goods
Aerospace & Defense
Telecommunication
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

1. Executive Summary

1.1. Global Compound Semiconductor Materials Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Compound Semiconductor Materials Market Outlook, 2018 - 2031

3.1. Global Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Group IV-IV
  - 3.1.1.2. Group III-V
  - 3.1.1.3. Group II-VI
  - 3.1.1.4. Sapphire
3.2. Global Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Electronics & Consumer Goods
  - 3.2.1.2. Aerospace & Defense
  - 3.2.1.3. Telecommunication
  - 3.2.1.4. Others
3.3. Global Compound Semiconductor Materials Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Compound Semiconductor Materials Market Outlook, 2018 - 2031

4.1. North America Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Group IV-IV
  - 4.1.1.2. Group III-V
  - 4.1.1.3. Group II-VI
  - 4.1.1.4. Sapphire
4.2. North America Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Electronics & Consumer Goods
  - 4.2.1.2. Aerospace & Defense
  - 4.2.1.3. Telecommunication
  - 4.2.1.4. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Compound Semiconductor Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Compound Semiconductor Materials Market Outlook, 2018 - 2031

5.1. Europe Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Group IV-IV
  - 5.1.1.2. Group III-V
  - 5.1.1.3. Group II-VI
  - 5.1.1.4. Sapphire
5.2. Europe Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Electronics & Consumer Goods
  - 5.2.1.2. Aerospace & Defense
  - 5.2.1.3. Telecommunication
  - 5.2.1.4. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Compound Semiconductor Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Compound Semiconductor Materials Market Outlook, 2018 - 2031

6.1. Asia Pacific Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Group IV-IV
  - 6.1.1.2. Group III-V
  - 6.1.1.3. Group II-VI
  - 6.1.1.4. Sapphire
6.2. Asia Pacific Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Electronics & Consumer Goods
  - 6.2.1.2. Aerospace & Defense
  - 6.2.1.3. Telecommunication
  - 6.2.1.4. Others
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Compound Semiconductor Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Compound Semiconductor Materials Market Outlook, 2018 - 2031

7.1. Latin America Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Group IV-IV
  - 7.1.1.2. Group III-V
  - 7.1.1.3. Group II-VI
  - 7.1.1.4. Sapphire
7.2. Latin America Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Electronics & Consumer Goods
  - 7.2.1.2. Aerospace & Defense
  - 7.2.1.3. Telecommunication
  - 7.2.1.4. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Compound Semiconductor Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Compound Semiconductor Materials Market Outlook, 2018 - 2031

8.1. Middle East & Africa Compound Semiconductor Materials Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Group IV-IV
  - 8.1.1.2. Group III-V
  - 8.1.1.3. Group II-VI
  - 8.1.1.4. Sapphire
8.2. Middle East & Africa Compound Semiconductor Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Electronics & Consumer Goods
  - 8.2.1.2. Aerospace & Defense
  - 8.2.1.3. Telecommunication
  - 8.2.1.4. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Compound Semiconductor Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Compound Semiconductor Materials Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Compound Semiconductor Materials Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Cree Inc.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. SK siltron Co., Ltd.
- 9.4.3. Sumitomo Electric Industries, Ltd.
- 9.4.4. JX Nippon Mining & Metals
- 9.4.5. FURUKAWA CO., LTD.
- 9.4.6. Shin-Etsu Chemical Co., Ltd.
- 9.4.7. SHOWA DENKO K.K.
- 9.4.8. Xiamen Powerway Advanced Material Co.
- 9.4.9. Freiberger Compound Materials GmbH
- 9.4.10. WIN Semiconductors Corp
- 9.4.11. IQE PLC

9.4.12.

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations