Global Compound Semiconductor Market Size, Share, Growth Analysis, By Product(Power Semiconductor, Transistors), By Type(III-V Compound Semiconductor, II-VI Compound Semiconductor)

Description

Global Compound Semiconductor Market size was valued at USD 122.90 billion in 2022 and is poised to grow from USD 136.30 billion in 2023 to USD 311.84 billion by 2031, growing at a CAGR of 10.9% during the forecast period (2024-2031).

The semiconductor demand is poised to surge between 2022 and 2030 due to their integral role in fundamental electrical circuits and the burgeoning global automation industry. Notably, compound semiconductors like SiC and GaN, renowned for their superior performance and efficiency in power electronics applications, are primed for extensive deployment in electric vehicles and renewable energy systems, thereby propelling the growth of the compound semiconductor market's power electronics sector in the forecasted period. A prime example is Taiwan-based Ledtech's announcement in June 2022 regarding their AM OSRAM-powered BioLED intelligent air purifier, featuring a sanitization function driven by OSLON UV 3636 UV-C LEDs, capable of rendering 99.99% of viruses inactive, including SARS-CoV-2, at a dosage rate of 3.6mJ/cm2. However, obstacles such as exorbitant production costs, limited raw material availability, complex manufacturing procedures, and challenges in achieving high yields are anticipated to hinder the global compound semiconductor market's growth trajectory.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Compound Semiconductor Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Compound Semiconductor Market Segmental Analysis

Global Compound Semiconductor Market is segmented on the basis of product, type, application and region. By product, the market is segmented into power semiconductor, transistors, integrated circuits, diodes & rectifiers. By type, market is segmented into iii-v compound semiconductor, ii-vi compound semiconductor, sapphire, iv-iv compound semiconductor. By application, the market is segmented into it & telecom, industrial & energy & power, aerospace & defense, automotive, consumer electronics, health care. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Compound Semiconductor Market

The rising demand for compound semiconductors in power electronics stems from their capability to function effectively under conditions of high temperatures, voltage, and frequency, thereby propelling growth within the compound semiconductor market specifically in the power electronics domain.

Restraints in the Global Compound Semiconductor Market

Geopolitical tensions and trade restrictions have the potential to significantly influence the global compound semiconductor market by restricting access to essential raw materials and disrupting supply chains. These factors may impede the market's growth trajectory by constraining availability and causing disruptions in the compound semiconductor industry.

Market Trends of the Global Compound Semiconductor Market

The compound semiconductors, exemplified by gallium nitride (GaN) and indium gallium nitride (InGaN), find extensive application in LED lighting owing to their energy efficiency, extended lifespan, and cost-effectiveness in maintenance. Anticipated expansion in the LED lighting market is set to propel the compound semiconductor sector's growth, underlining its pivotal role in meeting the rising demand.

Product Code: SQMIG45O2017

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Compound Semiconductor Market by Product

Market Overview
Power Semiconductor
Transistors
Integrated Circuits
Diodes & Rectifiers

Global Compound Semiconductor Market by Type

Market Overview
III-V Compound Semiconductor
II-VI Compound Semiconductor
Sapphire
IV-IV Compound Semiconductor

Global Compound Semiconductor Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Cree Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Qorvo, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Skyworks Solutions Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Broadcom Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NXP Semiconductors N.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Infineon Technologies AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
STMicroelectronics N.V. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Texas Instruments Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Analog Devices, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rohm Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microchip Technology Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samsung Electronics Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ON Semiconductor Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Renesas Electronics Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MACOM Technology Solutions Holdings Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Advanced Micro Devices, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Toshiba Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IQE PLC (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
RF Micro Devices, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NTT Electronics Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Compound Semiconductor Market Size, Share, Growth Analysis, By Product(Power Semiconductor, Transistors), By Type(III-V Compound Semiconductor, II-VI Compound Semiconductor) - Industry Forecast 2024-2031