The study involved four major activities in estimating the current size of the global compound semiconductor market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
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Secondary Research
The secondary sources referred to for this research study include semiconductor industry organizations such as the Semiconductor Industry Association (SIA), Global Semiconductor Alliance (GSA), and corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the compound semiconductor market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Middle East & Africa and South America). Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.
Samsung’s expertise in semiconductor manufacturing and IT serves as the quintessential foundation for the continued innovation and delivery of state-of-the-art LED devices. Samsung LEDs own various patent rights, involving EPI, chip, packaging, phosphor, modules, and drivers for crucial LED technological areas. Samsung LEDs endeavor to take the leading role in both LED applications and components with a smart, innovative approach to lighting. It is expected that the company would continue to invest in technological development and designing of LEDs. The company has a stronghold in the overall consumer electronics market in applications such as TVs, mobile phones, and others, which is expected to boost the overall LED business of the company. It is one of the leading consumer electronics companies. It has a worldwide presence with more than 217 plants in China, Korea, Japan, and Southeast Asia. It had a strong partnership network with 2,500 (Tier 1) suppliers as of December 2019. Samsung focuses on product launches to expand its presence in the market. For instance, in March 2020, the company introduced the first “human-centric” LED packages, collectively known as LM302N. The LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed, depending on their daily life patterns. Also, in April 2019, the company enhanced its mid-power LED package – the LM301H – for horticulture applications, such as greenhouse and vertical farming. At 3.10 micromoles per joule (ìmol/J), the newly introduced LM301H now features the highest photon efficacy.
APAC likely to emerge as the largest compound semiconductor market
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).
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