Attractive Opportunity:
The increasing use
of compound semiconductors in LED applications has fueled the demand for
compound semiconductors. The growing demand and implementation of GaN
and SiC in the semiconductor industry is expected to play a vital role
in the growth of the compound semiconductor market.
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Key Findings of the Global Digital Pathology Market:
The Compound Semiconductor Market is expected to grow from USD 32.0 billion in 2020 to USD 43.4 billion by 2025, at a CAGR of 6.3%.
Samsung Electronics suspended its operations in South Korea and for
almost 45 days in India in March and April 2020 due to COVID-19
pandemic.
Qorvo announced that it has reduced its guidance for
the January to March 2020 quarter and expects the revenue to fall as the
outbreak of COVID-19 is impacting the smartphone supply and customer
demand more than anticipated.
Skyworks temporarily suspended its
Mexicali operations and has directed its workforce in Mexico to follow
the government’s directive to remain at home. The company has stated
that an extended suspension of the Mexicali operations beyond April 30,
2020, is expected to create a supply–demand gap and impact its operating
results.
The entire supply chain is disrupted due to limited
supply of parts. Chinese suppliers around the globe have placed
production lines on halt or shut them down completely.
What are the Driving Factors of the Compound Semiconductor Market?
LEDs are replacing various light sources such as incandescent bulbs,
fluorescent bulbs, and CFLs. It is observed that there is increased
penetration of LEDs in multiple applications, including general
lighting, automotive lighting, and signage displays. LEDs comprise
compound semiconductor materials, which are made from group III and
group V elements of the periodic table (these are known as III-V
materials). III-V materials that are commonly used to make LEDs are
gallium nitride (GaN), gallium arsenide (GaAs), and gallium phosphide
(GaP).
High material and fabrication costs associated with compound semiconductors Industry Drive The Market Growth
The major factor restraining the growth of the compound semiconductor
market is the high expenditure involved in the complete industry
processes in the supply chain. The total average expenditure per
compound semiconductor device, of all the supply chain processes put
together (including expenditure from both complete upstream and
downstream), is much more than the average expenditure per pure silicon
semiconductor device.
Global Increasing demand for compound semiconductors in Military, Defense, and Aerospace:
The increased usage of RF power in military, defense, and aerospace
applications offers an opportunity for the growth of the compound
semiconductor market in the future. The use of RF power devices in
fields such as avionics and radar systems would help the growth of the
market for military and aerospace applications. The use of InP and GaAs
to develop newer and advanced products would further boost the growth of
the military, defense, and aerospace applications in market. GaAs-based
switches are used in military RF-based power devices in the MWIR band.
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Compound Semiconductor Market Top Companies Profiles:
APAC is estimated to be the largest market for compound semiconductors
during the forecast period. The rapid market penetration of GaN and SiC
in power devices, where GaN and SiC devices are increasingly replacing
silicon counterparts, is predominant across several application segments
in APAC. For power devices, the growing number of GaN and SiC power
applications creates huge revenue potential in this region. This
attracts several industry players to mass-commercialize GaN and SiC
power devices for several power applications, which, in turn, are
increasing the revenue potential of the compound semiconductor market in
this region.
Major players in the compound semiconductor market include Nichia (Japan), Samsung Electronics (South Korea), ams (Austria), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP (Netherlands), and ON Semiconductor (US).
Regional Insight by MarketsandmarketsTM Research:
The technological shift from 3G to 4G/LTE and now into 5G has increased
the network traffic through mobile devices and resulted in increased
network interferences across the communication channels. As industry
shifts towards the adoption of 5G, RF content used per smartphones
expected to increase, this would drive the growth of the market during
the forecast period. To meet all the requirements for 4G and 5G,
including saturated and linear efficiency, it is necessary to use a
power amplifier manufactured with compound semiconductor technology,
which is expected to drive the market growth during the forecast period.
Regions & Countries Covered:
North America - (U.S., Canada, Mexico)
Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
Latin America - (Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)
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