According to a new market report published by Lucintel, the future of the compound semiconductor market looks promising with opportunities in the telecommunication, general lighting, automotive, power supply, datacom, and consumer devices industries. The global compound semiconductor market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market is increasing demand and implementation of GaN and SiC in the semiconductor industry.
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In this market, LED, RF devices, and power electronics are the major applications of compound semiconductor. Lucintel forecasts power electronics is expected to witness the highest growth over the forecast period supported by increasing demand for SiC and GaN power semiconductors in applications such as hybrid and electric vehicles, power supplies, and photovoltaic (PV) inverters.
Within this market, power supply will remain the largest application over the forecast period due to the need of hybrid modules that are based on compound semiconductors and can reduce power loss up to 45%, and the full GaN-based devices in UPS can reduce power loss up to 100%.
Asia Pacific will remain the largest region and it is expected to witness highest growth over the forecast period supported by growing demand for various end use industries, such as telecommunication, automotive, and aerospace and defense, and the commercialization of 5G services in countries such as China, South Korea, and Japan.
Nichia, Samsung Electronics, Qorvo, and Skyworks are among the major manufacturers of the compound semiconductor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global compound semiconductor market by material type, application, end use industy, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Compound semiconductor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global compound semiconductor market by material type, application , end use industry, region as follows:
By Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
LED
Optoelectroncs
RF Devices
Power Electronics
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Telecommunication
General Lighting
Automotive
Power Supply
Datacom
Consumer Devices
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
China
India
Japan
South Korea
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.