Compound Semiconductor Market - Forecasts from 2025 to 2030

The compound semiconductor market is projected to grow at a CAGR of 8.52% during the forecast period.

Compound semiconductors are made from two or more elements. Most compound semiconductors are made from the combination of elements from Group 3 and Group 5 of the periodic table of elements (GaAs, InP, and others). Other compound semiconductors are made from Groups 2 and 4 (CdTe, ZnSe, and others). It is possible to make semiconductors using different elements within the same group (4) to make compound semiconductors such as Silicon Carbide (SiC). Compound semiconductors are more fragile and have a large application base. This material is used in electronic film coatings, electronic wafers, and the fabrication of integrated circuits, increasing its demand in the market.

Market Trends:

• Automotive Industry Leveraging Compound Semiconductors for Power Devices

The automotive sector is increasingly adopting compound semiconductors for power devices, particularly in electric vehicle (EV) and hybrid electric vehicle (HEV) segments, as well as in charging infrastructure. Growing environmental concerns and the rising demand for electric vehicles are driving the need for compound semiconductors in this market.

• Healthcare Sector Embracing Compound Semiconductors for Advanced Applications

In healthcare, compound semiconductors are being utilized in a variety of applications, including power management devices, discrete devices, microcontrollers, sensors, and motion micro-electromechanical systems (MEMS). These semiconductors are enabling the development of new technologies that offer more reliable, precise, and integrated approaches to diagnosis and treatment.

• Telecommunications Industry Driving Demand for Compound Semiconductors

The telecommunications sector is experiencing a surge in demand for compound semiconductors, fueled by the growing penetration of smartphones and the widespread adoption of LTE and 5G networks. This growth is further supported by the introduction of smartphones powered by gallium arsenide (GaAs)-based solar cells, along with the increasing prevalence of smartphones and other smart devices in the market.

• Asia Pacific Poised for Significant Growth in the Forecast Period

The Asia Pacific region is expected to see the fastest growth in the compound semiconductors market, driven by the high demand for electronic devices, wireless technologies, automation, and transportation industries. The region's well-established semiconductor and electronics industry, coupled with increased research and development activities, will further boost the demand for compound semiconductors.

• North America and Europe to Experience Increased Demand

The North American and European markets are also anticipated to see a rise in demand for compound semiconductors, supported by the growing aerospace and defense sectors, as well as the IT and telecommunications industries. Major players in these regions will play a key role in driving the growth of the compound semiconductors market.

Some of the major players covered in this report include Sumitomo Electric Industries, Ltd., Toshiba Corporation, SCIOCS, Mitsubishi Chemical Corporation, Qorvo, Inc., Texas Instruments Incorporated, GaN Systems, and Kyma Technologies among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Compound Semiconductor Market is analyzed into the following segments:

By Type

• Gallium Arsenide (GaAs)
• Gallium Nitride (GaN)
• Silicon Carbide (SiC)
• Gallium Phosphide (GaP)
• Others

By Group

• Group II-VI
• Group III-V
• Group IV-IV

By Fabrication Process

• Chemical Vapor Deposition (CVD)
• Hydride Vapor Phase Epitaxy (HVPE)
• Metalorganic Vapor Phase Epitaxy (MOVPE)
• Atomic Layer Deposition (ALD)
• Others

By End-user Industry

• Automotive
• Communication and Technology
• Consumer Electronics
• Healthcare
• Energy and Power
• Others

By Geography

• Americas
• § USA
• Europe, the Middle East, and Africa
• § Germany
• § Netherlands
• § Others
• Asia Pacific
• § China
• § Japan
• § Taiwan
• § South Korea
• § Others