NEW YORK, July 23, 2021 /PRNewswire/ -- The global compound semiconductor market is expected to grow by USD 11.53 billion, progressing a CAGR of 6.33% during 2021-2025, according to Technavio's latest market report. Based on our research, the Semiconductors sector witnessed a Mixed impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.
The compound semiconductor market share growth by the consumer electronics segment has been significant.
72% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for compound semiconductors in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising adoption of smartphones has been identified as one of the chief factors that will drive the compound semiconductor market growth in APAC over the forecast period.
Compound Semiconductor Market: Major Growth Drivers
The compound semiconductor market reports the following factors as major growth drivers during the forecast period:
- Increasing demand for enhanced power density
- Rising adoption of smartphones
- Growing demand for wide-bandgap power devices
The report will help businesses to build resilience by making effective resource and investment choices.
Compound Semiconductor Market: Key Vendor Offerings
Broadcom Inc. operates its business under segments- Semiconductor solutions and Infrastructure software. The company offers Gallium Arsenide (GaAs) lasers and photo detectors for optical communication systems and it is the lead supplier of 4-, 10- and 12-channel VCSEL and PIN arrays.
Cree Inc. operates its business under segments- Wolfspeed and LED Product. The company offers GaN, AlxGa1-xN and Al1-y InyN epitaxial layers on SiC substrates. The company is driving innovation with the industrys broadest range of SiC and GaN materials.
Infineon Technologies AG
Infineon Technologies AG operates its business under segments- Automotive, Industrial Power Control, Power and Sensor Systems, Connected Secure Systems, and Other. The company offers n-channel and p-channel power MOSFETs which are designed in a unique way to bring more efficiency, power density and cost-effectiveness.
Reasons to Buy Compound Semiconductor Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist compound semiconductor market growth during the next five years
- Estimation of the compound semiconductor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the compound semiconductor market across APAC, North America, Europe, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of compound semiconductor market vendors
This report can be personalized according to your business needs.
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