Global Compound Semiconductor Materials Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Compound Semiconductor Materials Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global compound semiconductor materials market has been segmented on the basis of product, application, as well as regions and countries.
Compound semiconductors are semiconductors that are comprised of two or more elements, for example, gallium arsenide (GaAs), zinc selenide (ZnSe), indium phosphide (InP), etc. It is also possible to use different elements from within the same group - silicon carbide (SiC).
The increasing demand for consumer electronics due to robust industrialization, and the subsequent usage of compound semiconductors across the world are primary factors anticipated to boost the revenue growth of the global compound semiconductor materials market over the next 10 years. Due to their high radiation resistance, compound semiconductor materials are also implemented in numerous scientific applications.
The growing preference for the use of silicon carbide as a substitute for other semiconductor materials, as it relatively lowers production costs is a factor that is contributing to future market growth of this global industry.
In light of the recent COVID-19 outbreak, the manufacturing and supply operations of several end-use industries have been either temporarily halted or are functioning with a minimal workforce until further notice. This is expected to significantly influence the revenue growth of the global compound semiconductor materials market in the foreseeable future.
Segmentation of the global compound semiconductor materials market is as follows:
On the basis of product, the Group III-V segment accounted for the highest number of revenue shares of the global compound semiconductor materials market in 2019, due to their unique optical properties and high power efficiency. They are widely used in solar cells for 5G, transistors, IoT, LEDs, smart vehicles, and lasers. However, the Group IV-IV segment is slated to index the fastest rate of revenue growth in the coming years, due to the increasing demand for silicon carbide (SiC) semiconductors owing to their numerous benefits.
In terms of application, the telecommunication segment accounted for the maximum number of revenue shares of the global compound semiconductor materials market in 2019, due to the exponential demand for mobile devices and wireless communication across the world. The consumer goods and electronics application segment is anticipated to index the fastest rate of revenue growth in the coming years, due to the projected demand for these components in the manufacture of electronic devices.
Regional Segmentation and Analysis:
The markets in the Asia Pacific accounted for the highest number of revenue shares of the global compound semiconductor materials market in 2019, owing to surging demand, robust urbanization, and greater disposable incomes of individuals in this region. The market in North America and Europe are slated to index considerable revenue growth of this global market over the next 10 years.
Segmentation of the Global Compound Semiconductor Materials Market:
Segmentation by Product:
- Group IV-IV
- Group III-V
- Group II-VI
Segmentation by Application:
- Electronics & Consumer Goods
- Aerospace & Defense
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- SK siltron Co. Ltd.
- Sumitomo Electric Industries Ltd.
- JX Nippon Mining & Metals Corporation
- FURUKAWA CO. LTD.
- Shin-Etsu Chemical Co. Ltd.
- SHOWA DENKO K.K.
- Xiamen Powerway Advanced Material Co.
- Freiberger Compound Materials GmbH
- WIN Semiconductors Corp
- IQE PLC
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