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Compound Semiconductor Materials Market Expected To Reach USD 66.66 Billion By 2027 | Key Players: Sumitomo Chemical Company Ltd., Cree Inc., and Mitsubishi Electric, among others.

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Compound Semiconductor Materials Market Expected To Reach USD 66.66 Billion By 2027 | Key Players: Sumitomo Chemical Company Ltd., Cree Inc., and Mitsubishi Electric, among others.

April 09
22:32 2021
Compound Semiconductor Materials Market  Expected To Reach USD 66.66 Billion By 2027 | Key Players: Sumitomo Chemical Company Ltd., Cree Inc., and Mitsubishi Electric, among others.

Reports And Data
An increase in the demand from the various end-use industries and growing industrialization are driving the Compound Semiconductor Materials market. Compound Semiconductor Materials Market Size – USD 36.96 Billion in 2019, Market Growth – CAGR of 7.6%, Market Trends – High demand from developing nations.

The global Compound Semiconductor Materials market is forecast to reach USD 66.66 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the telecommunications industries, where the materials are used for conventional microelectronics, which include digital integrated circuits and analog integrated circuits. Moreover, owing to its high temperature and radiation resistance, the material is used for coating engine components, rocket coatings, and jumpsuit surface coatings, making them suitable for a range of applications in the automobile and aerospace industries. However, shift in material prices, resulting in the need to investigate and implement alternative materials as a replacement for rising total running costs will hamper the market demand.

Within the periodic table, composite semiconductor materials consist of elements from more than two separate groups and can be in binary form, ternary form, or quaternary form, among others. Compound semiconductor materials offer a broader choice of bandwidth than elementary semiconductors like Si and Ge, plus higher electron mobility, wider band gap, and lower thermal noise than elemental semiconductors. It’s also capable of generating microwave signals. Also, the fragile crystal structure relative to silicon and higher manufacturing costs associated with compound semiconductor devices is anticipated to impede the development of the market demand.

Optoelectronic devices and wireless technology majorly drive the market. Optoelectronic devices exhibit a high demand for semiconductor compounds. Increasing demand for smartphones and wearable devices has been the main driver in compound semiconductor development over the past few years. Compound semiconductor materials have properties that are useful in electronic devices and equipment such as high electron mobility, lower power consumption, and significant temperature limits. Compound semiconductor materials are also used in applications for light absorption, such as lasers and light-emitting diodes (LEDs). Further, these are used in various space applications where they are integrated with satellite-mounted solar cells because of high resistance to radiation and heat compounding. Materials of compound semiconductors are sensitive to magnetism and thus are used in sensing applications. Composite semiconductor materials are also used in storage devices for optical data.

The COVID-19 impact:

As the COVID-19 crisis grows, manufacturers are rapidly changing their practices and purchasing priorities to meet the demand of a pandemic that has reduced the need for market-based semiconductor materials. A sequence of both positive and negative shocks will arise over a few months, as producers and their vendors adapt to changing demands of customers. The export-dependent economies of many regions look vulnerable, with an unfortunate global situation. The global market is reshaped by the impact of this pandemic when certain manufacturers either close down or decrease their production because of a lack of downstream demand. While some are having their production suspended as a precautionary measure by the governments of their respective nations to combat the spread of the virus. For certain countries, consumers are centered on being more regional by looking at the magnitude of the epidemic and the consequent actions of the national authorities themselves. In these situations, business dynamics in Asia Pacific regions were very dynamic, weakening regularly, making stabilizing themselves difficult.

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 Further key findings from the report suggest

  • Based on type, Gallium Arsenide (GaAs) generated a revenue of USD 7.71 billion in 2019 and is expected to grow with a CAGR of 7.7% in the forecast period, owing to its superior fundamental characteristics, thereby utilized in the development of infrared light-emitting diodes, microwave frequency integrated circuits, solar cells, laser diodes, optical windows, and many other applications.
  • The power semiconductors are expected to grow with a CAGR of 8.3% in the forecasted period, owing to its highly conductive and flexible properties, which can be used switch or rectifier in power electronics, headphone amplifier operating at high voltage direct current transmission lines, and many others.
  • The Information & Communication Technology (ICT) sector is the major contributor to the market. The construction sector of the Asia Pacific region is the major shareholder of the market and held around 29.0% of the market in the year 2019 owing to a vast variety of applications in the integrated analog and digital circuits.
  • The Asia Pacific dominated the market in 2019. Driving the market is the region’s strong emphasis on cost-effective and advanced procedures implemented in the industry. The Asia Pacific area controlled approximately 59.0% of the market, followed by North America, which contains around 20.0% market in the year 2019.
  • Key participants include OSRAM, Qorvo, Samsung Electronics, Air Products & Chemicals Inc., Nichia Corporation, Sumitomo Chemical Company Ltd., Cree Inc., Skyworks Solutions, GaN Systems, and Mitsubishi Electric, among others.

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For the purpose of this report, Reports and Data have segmented into the global Compound Semiconductor Materials market on the basis of type, product, application, and region:

Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Gallium Nitride (GaN)
  • Gallium Arsenide (GaAs)
  • Gallium Phosphide (GaP)
  • Indium Phosphide (InP)
  • Silicon Carbide (SiC)
  • Silicon Germanium (SiGe)
  • Others

Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Power Semiconductor
  • Transistors
  • Integrated Circuits
  • Diodes & Rectifiers
  • Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Information & Communication Technology (ICT)
  • Aerospace
  • Energy
  • Automotive
  • Medical
  • Consumer Electronics
  • Others

Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/compound-semiconductor-materials-market

Table of Content:

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Compound Semiconductor Materials Market Segmentation & Impact Analysis

    4.1. Compound Semiconductor Materials Market Material Segmentation Analysis

    4.2. Industrial Outlook

           4.2.1. Market indicators analysis

           4.2.2. Market drivers analysis

                      4.2.2.1. High use of compound semiconductors in LED applications

                      4.2.2.2. Growing automotive, telecom and power industries

                      4.2.2.3. Increasing demand for optoelectronics devices and wireless technologies

           4.2.3. Market restraints analysis

                     4.2.3.1. High material and fabrication costs associated with compound semiconductors

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. ETOP Analysis

    4.6. Porter’s Five Forces Analysis

    4.7. Competitive Metric Space Analysis

    4.8. Price trend Analysis

    4.9. Customer Mapping

    4.10. Covid-19 Impact Analysis

    4.11. Global Recession Influence

Chapter 5. Compound Semiconductor Materials Market By Type Insights & Trends

    5.1. Type Dynamics & Market Share, 2020 & 2027

    5.2. Gallium Nitride (GaN)

           5.2.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           5.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    5.3. Gallium Arsenide (GaAs)

           5.3.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           5.3.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    5.4. Gallium Phosphide (GaP)

            5.4.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

            5.4.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

     5.5. Indium Phosphide (InP)

           5.5.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           5.5.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    5.6. Silicon Carbide (SiC)

           5.6.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           5.6.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

     5.7. Silicon Germanium (SiGe)

            5.7.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

            5.7.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

     5.8. Others

            5.8.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

            5.8.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

Chapter 6. Compound Semiconductor Materials Market By Product Insights & Trends

    6.1. Product Dynamics & Market Share, 2020 & 2027

    6.2. Power Semiconductor

           6.2.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           6.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    6.3. Transistors

           6.3.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           6.3.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    6.4. Integrated Circuits

           6.4.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           6.4.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    6.5. Diodes & Rectifiers

           6.5.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Kilotons)

           6.5.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Kilotons)

    6.6. Others

Chapter 9. Competitive Landscape
    9.1. Market Revenue Share By Manufacturers
    9.2. Manufacturing Cost Breakdown Analysis
    9.3. Mergers & Acquisitions
    9.4. Market positioning
    9.5. Strategy Benchmarking
    9.6. Vendor Landscape
Chapter 10. Company Profiles
     10.1. OSRAM
             10.1.1. Company Overview
             10.1.2. Financial Performance
             10.1.3. Technology Insights
             10.1.4. Strategic Initiatives
    10.2. Qorvo
            10.2.1. Company Overview
            10.2.2. Financial Performance
            10.2.3. Technology Insights
             10.2.4. Strategic Initiatives
     10.3. Samsung Electronics
             10.3.1. Company Overview
             10.3.2. Financial Performance
             10.3.3. Technology Insights
             10.3.4. Strategic Initiatives
    10.4. Air Products & Chemicals Inc.
            10.4.1. Company Overview
            10.4.2. Financial Performance
            10.4.3. Technology Insights
            10.4.4. Strategic Initiatives
    10.5. Nichia Corporation
            10.5.1. Company Overview
            10.5.2. Financial Performance
            10.5.3. Technology Insights
            10.5.4. Strategic Initiatives
    10.6. Sumitomo Chemical Company Ltd.
            10.6.1. Company Overview

Continue…

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