COMPOUND SEMICONDUCTOR MATERIALS MARKET ANALYSIS

Compound Semiconductor Materials MarketSize and Trends

Global compound semiconductor materials market size is estimated to be valued at US$ 37.21 billion in 2019, and expected to register a CAGR of 7.32% over the forecast period (2019-2027). Growing adoption of semiconductors such as InP, GaN, and GaAs is expected to drive growth of the market during the forecast period. There is a significant demand for compound semiconductors for optoelectronic devices and wireless technology. Growing use of optoelectronic and wireless devices will boost the demand for compound semiconductors and thereby support growth of the market. Furthermore, compound semiconductors have physical properties such as lower thermal noise and high electron mobility, which is why they find applications in mobile and wireless devices. Increasing demand for mobile and wireless devices from around the world is expected to propel growth of the market in the near future. Compound semiconductor materials find major application in light emission applications such as LED and lasers. Growing adoption of LED devices, as these devices consume less energy is expected to boost the demand for compound semiconductors and thereby support market growth.

Market Trends

Global compound semiconductor materials market size is estimated to be valued at US$ 37.21 billion in 2019, and expected to register a CAGR of 7.32% over the forecast period (2019-2027). Growing adoption of semiconductors such as InP, GaN, and GaAs is expected to drive growth of the market during the forecast period. There is a significant demand for compound semiconductors for optoelectronic devices and wireless technology. Growing use of optoelectronic and wireless devices will boost the demand for compound semiconductors and thereby support growth of the market. Furthermore, compound semiconductors have physical properties such as lower thermal noise and high electron mobility, which is why they find applications in mobile and wireless devices. Increasing demand for mobile and wireless devices from around the world is expected to propel growth of the market in the near future. Compound semiconductor materials find major application in light emission applications such as LED and lasers. Growing adoption of LED devices, as these devices consume less energy is expected to boost the demand for compound semiconductors and thereby support market growth.