Compound Semiconductor Materials Market
Market Insights on Compound Semiconductor Materials covering sales outlook, demand forecast & up-to-date key trends
Compound Semiconductor Materials Market By Material Type (Gallium Arsenide (GaAs), Gallium Nitride (GaN), Indium Phosphide (InP), Zinc Selenide (ZnSe)), Application (Laser, Optical Fibers, Photovoltaic Cells, Optical Devices) & Region - Forecast to 2020-2030
Compound Semiconductor Materials Market Outlook and Key Findings
- Sales of compound semiconductor materials to reach around US$ 2.4 Bn in 2020
- GaS and GaN to remain preferable materials for developing compound semiconductors
- Asia Pacific (APAC) to remain epicenter of growth opportunities through 2030
- Notable rise in EV sales to set high hopes for manufacturers
- Market players to focus on acquiring their peers to achieve economies of scale
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Adoption to Rise as Industries Turn to 5G Connectivity
Despite finding immense usage in various end-use applications such as sensor systems, wind turbines, and military systems, the growth of global compound semiconductor market is majorly underpinned by the telecommunication industry.
5G connectivity is offering huge opportunities for compound semiconductor manufacturers for telecom applications. Growth of telecommunication industry is primarily driven by rising demand for radio frequency (RF) semiconductor devices. Further, the telecom sector is making rapid advances in both developed and developing regions across the globe.
Technological shift from 3G to 4G/LTE and now into 5G connectivity has escalated network traffic through smartphones and triggered increased network interferences across communication channels. Usage of compound semiconductor materials is scaling up in wireless communication, given their high efficiency and speed over silicon-based semiconductors.
As the telecom industry move towards deployment of 5G connectivity, RF content used per smartphone is likely to shore up, thus, translating into increased demand for compound semiconductor materials and devices.
In an effort to fulfil the requirements for 4G and 5G including, linear and saturated efficacy, it is quintessential to incorporate power amplifiers developed with compound semiconductor materials and devices. As such themes gain momentum, players in compound semiconductor materials market are well-placed for better returns.
Overview
This market report takes into account:
- Historical data and projections
- Recent industry trends and dynamics
- Regional prospects
- Competitive intelligence
- Market player revenue shares
Compound Semiconductor Materials Market Trends – GaAs to Remain Material of Choice
With smartphone transition from 4G to 5G connectivity, gallium arsenide (GaAs) is expected to be mainstream technology for sub-6GHz rather than complementary metal oxide semiconductors (CMOS).
FMI finds that compound semiconductor materials derived from GaAs are considered to be the sole technology that can fulfil rising power level and linearity requisites specified by reductions in antenna board space as well as MIMO technology and carrier aggregation.
Given its high power efficacy and distinct optical properties, GaAs is gaining an edge over silicon-based semiconductors and, as such, is finding use in LEDs, lasers, and solar cells for Internet of Things (IoT), 5G, and smart automobiles.
Moving forward, growth in optoelectronics industry is to fuel the demand for GaAs-based semiconductor materials over decade ahead. These materials feature huge band gaps, and thus are prevalent in optoelectronics for short-wavelength use cases.
Compound Semiconductor Materials Market Regional Analysis – APAC Continues to Attract Significant Investments
Players in compound semiconductor materials market continue to tap into Asia Pacific (APAC) for value-capture opportunities. The regional market is majorly driven by surging integrated circuit (IC) production in China, which is poised to see significant growth in production by 2023.
China represents the APAC market, as the country leads the global semiconductor market. This is attributable to cost-effective manufacturing practices in the country, further reducing overall operational expenses (OPEX) and boosting profit margins.
Moving ahead, growth of electronics manufacturing industry as well as huge subsidies for large-scale LED capacity build-up in China is further driving compound semiconductor materials market in APAC. That said, visible drop in semiconductor production due to COVID-19 pandemic is expected to have a severe impact on demand for compound semiconductor materials in APAC.
The markets in North America and Europe are receiving impetus from rising demand from end-use industries, especially automotive, in the US, and the UK. Manufacturers across continents are striving to increase their focus on target market by coming in near proximity to the regions, thus, leading to acquisitions and capacity expansions.
Going forward, emergence of tech-driven trends such as electrification of vehicles, artificial intelligence (AI), and digitalization are key growth drivers in North America and Europe. Further, these regions are scaling up investments in semiconductor manufacturing in order to create domestic supply chains for technologies that becoming critical to modernizing automotive industry, with large-scale applications across telecommunications and electronics.
Rise in infrastructure development in Latin America owing to flourishing industrial growth is expected to propel electronics industry, thereby, fueling the demand for compound semiconductor materials. Furthermore, swelling investments and supportive government policies are likely to augur well for the regional market through 2030.
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Talk to AnalystCompound Semiconductor Materials Market Players – Manufacturers to Bank on Acquisitions to Stay Competitive
As the global compound semiconductor materials market is characterized by presence of several small- and large-scale players, manufacturers are honing in on acquisition of core competencies associated with diverse product offerings. For instance,
- SK Siltron – key silicon wafer supplier to South Korea semiconductor market – has acquired the Compound Semiconductor Solutions (CSS) business of DuPont Electronics & Imaging (E&I).
- Azur Space – manufacturer of III-V epitaxy for solar cells – has taken over Allos Semiconductors’, which develops GaN-on-silicon wafers, RF and high-power electronics business.
- Qorvo® has taken over Custom MMIC – key producer of high-quality GaN and GaAs monolithic microwave integrated circuits (MMICs) for aerospace, defense, and commercial use cases.
- GT Advanced Technologies (GTAT) – supplier of silicon carbide (SiC) and crystal growth equipment and sapphire materials for power electronics, solar, and optoelectronics industries - has collaborated with ON Semiconductor, which manufactures power semiconductor ICs, to develop and supply its silicon carbide (SiC) material - CrystX - to the latter for application in high-growth industries and use cases.
Compound Semiconductor Materials Market Future Outlook – E-mobility to Emerge as Gamechanger
Electric vehicles (EV) are emerging as critical application area in compound semiconductor industry as myriads of EV manufacturers are resorting to MOSFETs or SiC Schottky barrier diodes (SBD) in DC-DC converters.
Silicon carbide (SiC) offers several additional benefits over silicon such as broader range of p- and n-type control required for construction of semiconductor devices, 10 times greater breakdown electric field strength (nearly 10X), and capability of working at higher temperatures.
The EV industry has been making significant strides, yet the dynamics vary by region. While sales of EVs remained consistent in China in 2019 - at about 1.2 million units sold (3% increase from 2018) – sales in the US dropped by 12% in 2019. Further, EV sales in Europe surged by 44%.
Despite overall drop in sales, global penetration of EV market rose by 0.3% points from 2018 through 2019, for total share of 2.5%. With further growth in first quarter of 2020, penetration of EVs currently stands at 2.8%.
These trends are slated to reflect the most promising pockets of growth going forward for players in compound semiconductor industry in coming years.
- Base year considered - 2019
- Historical Period- 2015 - 2019
- Forecast period - 2020 - 2030
- Market Value in 2020 - US$ 2.4 Bn
- Segments covered - Material type, application and region
- Regions Covered -North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA)
- Key Companies- IQE plc, Sumitomo Electric Industries, Ltd., Nichia Corporation, Samsung, Qorvo Inc., Skyworks, Shin-Etsu Chemical Co. Ltd., Freiberger Compound Materials GmbH, and Comptek Solutions Oy.
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Key Questions Answered in the Report:
- What will be the revenue size of compound semiconductor materials market from 2020 to 2030?
- Which application is the primary consumer of compound semiconductor materials globally and why?
- What are the factors driving the global compound semiconductor materials market?
- Who are the leading players in the compound semiconductor materials market?
- Which trends and innovations are expected to transform the global copper foils market in near future?
General FAQs:
- Can I receive market report created as per particular region (s)?
Although the market report is created as per global trends and industry dynamics, our analysts can also offer reports for specific regions or countries according to your needs.
- Does the market report offers detailed background of mentioned players?
Apart from the market players covered in the report, we provide insights about other players that are associated with the global compound semiconductor materials market.
- Can we get market size and growth rate of any year?
Yes, we provide market size and growth rate (both in terms of value and volume) of any year within the specified historic and projection timeframe.
Key Segment
Material Type
- Gallium Arsenide (GaAs)
- Gallium Nitride (GaN)
- Indium Phosphide (InP)
- Zinc Selenide (ZnSe)
- Silicon Carbide (SiC)
- Gallium Phosphorous (GaP)
- Aluminum Gallium Indium Phosphide (AlGaInP)
- Aluminum Gallium Arsenide (AlGaAs)
Application
- Laser
- Optical Fibers
- Photovoltaic Cells
- Optical Devices
- LED Epitaxial Wafers
- Power Amplifiers
- Others
Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Frequently Asked Questions
The compound semiconductor materials market is expected to grow at an 5% CAGR from 2022 to 2032
By 2022, compound semiconductor materials sales are likely to reach US$ 3 Billion
SK Siltron, Azur Space, and Qorvo are some leading manufacturers of the compound semiconductor materials market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Volume (Tons) Analysis, 2015-2019
5.2. Current and Future Market Volume (Tons) Projections, 2020-2030
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Semiconductors Materials Market Growth Outlook
8.1.2. Global Semiconductors and Electronics Market Overview
8.2. Forecast Factors - Relevance & Impact
8.2.1. Consumer Electronics Industry Growth rate
8.2.2. Optoelectronics Market Growth rate
8.2.3. Solar Industry Growth rate
8.2.4. Material Availability and Pricing
8.3. Patents Analysis
8.4. Value Chain
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Impact of COVID – 19 Crisis
8.6.1. Current Statistics
8.6.2. Expected Recovery and Comparison with Sub-Prime Crisis
8.6.3. World Economy / Cluster Projections
8.6.4. Potential of Impact by Taxonomy
8.6.5. 2020 Market Size
8.6.5.1. Recovery by Quarters
8.6.5.2. Recovery Scenario (Short, Mid and Long term)
8.6.6. Long Term Projections
9. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Material Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Material Type, 2015-2019
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Material Type, 2020-2030
9.3.1. Gallium Arsenide (GaAs)
9.3.2. Gallium Nitride (GaN)
9.3.3. Indium Phosphide (InP)
9.3.4. Zinc Selenide (ZnSe)
9.3.5. Silicon Carbide (SiC)
9.3.6. Gallium Phosphorous (GaP)
9.3.7. Aluminium Gallium Indium Phosphide (AlGaInP)
9.3.8. Aluminium Gallium Arsenide (AlGaAs)
9.4. Market Attractiveness Analysis By Material Type
10. Global Market Analysis 2015-2019 and Forecast 2020-2030, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2015-2019
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2020-2030
10.3.1. Laser
10.3.2. Optical Fibers
10.3.3. Photovoltaic Cells
10.3.4. Optical Devices
10.3.5. LED Epitaxial Wafers
10.3.6. Power Amplifiers
10.3.7. Others
10.4. Market Attractiveness Analysis By Application
11. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015-2019
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020-2030
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. South Asia & Pacific
11.3.5. East Asia
11.3.6. Middle East and Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2015-2019 and Forecast 2020-2030
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.2. By Material Type
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Material Type
12.5.3. By Application
12.6. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2015-2019 and Forecast 2020-2030
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Rest of Latin America
13.4.2. By Material Type
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Material Type
13.5.3. By Application
13.6. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2015-2019 and Forecast 2020-2030
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. Italy
14.4.1.3. France
14.4.1.4. U.K.
14.4.1.5. Spain
14.4.1.6. BENELUX
14.4.1.7. Russia
14.4.1.8. Rest of Europe
14.4.2. By Material Type
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Material Type
14.5.3. By Application
14.6. Drivers and Restraints - Impact Analysis
15. South Asia & Pacific Market Analysis 2015-2019 and Forecast 2020-2030
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
15.4.1. By Country
15.4.1.1. India
15.4.1.2. ASEAN
15.4.1.3. ANZ
15.4.1.4. Rest of South Asia & Pacific
15.4.2. By Material Type
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Material Type
15.5.3. By Application
15.6. Drivers and Restraints - Impact Analysis
16. East Asia Market Analysis 2015-2019 and Forecast 2020-2030
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Taiwan
16.4.1.3. Japan
16.4.1.4. South Korea
16.4.2. By Material Type
16.4.3. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Material Type
16.5.3. By Application
16.6. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Market Analysis 2015-2019 and Forecast 2020-2030
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. Turkey
17.4.1.3. South Africa
17.4.1.4. Northern Africa
17.4.1.5. Rest of Middle East and Africa
17.4.2. By Material Type
17.4.3. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Material Type
17.5.3. By Application
17.6. Drivers and Restraints - Impact Analysis
18. Emerging Countries Market Analysis 2015-2019 and Forecast 2020-2030
18.1. Introduction
18.2. Market Value Proportion Analysis, By Key Countries
18.3. Global Vs. Country Growth Comparison
18.3.1. U.S. Market Analysis
18.3.1.1. By Material Type
18.3.1.2. By Application
18.3.2. Canada Market Analysis
18.3.2.1. By Material Type
18.3.2.2. By Application
18.3.3. Mexico Market Analysis
18.3.3.1. By Material Type
18.3.3.2. By Application
18.3.4. Brazil Market Analysis
18.3.4.1. By Material Type
18.3.4.2. By Application
18.3.5. Germany Market Analysis
18.3.5.1. By Material Type
18.3.5.2. By Application
18.3.6. Italy Market Analysis
18.3.6.1. By Material Type
18.3.6.2. By Application
18.3.7. France Market Analysis
18.3.7.1. By Material Type
18.3.7.2. By Application
18.3.8. U.K. Market Analysis
18.3.8.1. By Material Type
18.3.8.2. By Application
18.3.9. Spain Market Analysis
18.3.9.1. By Material Type
18.3.9.2. By Application
18.3.10. Russia Market Analysis
18.3.10.1. By Material Type
18.3.10.2. By Application
18.3.11. China Market Analysis
18.3.11.1. By Material Type
18.3.11.2. By Application
18.3.12. Taiwan Market Analysis
18.3.12.1. By Material Type
18.3.12.2. By Application
18.3.13. Japan Market Analysis
18.3.13.1. By Material Type
18.3.13.2. By Application
18.3.14. S. Korea Market Analysis
18.3.14.1. By Material Type
18.3.14.2. By Application
18.3.15. India Market Analysis
18.3.15.1. By Material Type
18.3.15.2. By Application
18.3.16. ASEAN Market Analysis
18.3.16.1. By Material Type
18.3.16.2. By Application
18.3.17. Australia and New Zealand Market Analysis
18.3.17.1. By Material Type
18.3.17.2. By Application
18.3.18. GCC Countries Market Analysis
18.3.18.1. By Material Type
18.3.18.2. By Application
18.3.19. Turkey Market Analysis
18.3.19.1. By Material Type
18.3.19.2. By Application
18.3.20. Northern Africa Market Analysis
18.3.20.1. By Material Type
18.3.20.2. By Application
18.3.21. South Africa Market Analysis
18.3.21.1. By Material Type
18.3.21.2. By Application
19. Market Structure Analysis
19.1.1. Market Analysis by Tier of Companies (Market )
19.1.2. Market Concentration
19.1.3. Market Share Analysis of Top Players
19.1.4. Market Presence Analysis
19.1.5. Competition Dashboard
20. Competition Analysis
20.1. Company profiles
20.1.1. IQE plc
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Market Segments (Product/Channel/Region)
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.1.5.2. Product Strategy
20.1.2. Sumitomo Electric Industries, Ltd.
20.1.2.1. Overview
20.1.2.2. Product Portfolio
20.1.2.3. Profitability by Market Segments (Product/Channel/Region)
20.1.2.4. Sales Footprint
20.1.2.5. Strategy Overview
20.1.2.5.1. Marketing Strategy
20.1.2.5.2. Product Strategy
20.1.3. Nichia Corporation
20.1.3.1. Overview
20.1.3.2. Product Portfolio
20.1.3.3. Profitability by Market Segments (Product/Channel/Region)
20.1.3.4. Sales Footprint
20.1.3.5. Strategy Overview
20.1.3.5.1. Marketing Strategy
20.1.3.5.2. Product Strategy
20.1.4. Samsung
20.1.4.1. Overview
20.1.4.2. Product Portfolio
20.1.4.3. Profitability by Market Segments (Product/Channel/Region)
20.1.4.4. Sales Footprint
20.1.4.5. Strategy Overview
20.1.4.5.1. Marketing Strategy
20.1.4.5.2. Product Strategy
20.1.5. Qorvo, Inc.
20.1.5.1. Overview
20.1.5.2. Product Portfolio
20.1.5.3. Profitability by Market Segments (Product/Channel/Region)
20.1.5.4. Sales Footprint
20.1.5.5. Strategy Overview
20.1.5.5.1. Marketing Strategy
20.1.5.5.2. Product Strategy
20.1.6. Skyworks
20.1.6.1. Overview
20.1.6.2. Product Portfolio
20.1.6.3. Profitability by Market Segments (Product/Channel/Region)
20.1.6.4. Sales Footprint
20.1.6.5. Strategy Overview
20.1.6.5.1. Marketing Strategy
20.1.6.5.2. Product Strategy
20.1.7. Shin-Etsu Chemical Co., Ltd.
20.1.7.1. Overview
20.1.7.2. Product Portfolio
20.1.7.3. Profitability by Market Segments (Product/Channel/Region)
20.1.7.4. Sales Footprint
20.1.7.5. Strategy Overview
20.1.7.5.1. Marketing Strategy
20.1.7.5.2. Product Strategy
20.1.8. Freiberger Compound Materials GmbH
20.1.8.1. Overview
20.1.8.2. Product Portfolio
20.1.8.3. Profitability by Market Segments (Product/Channel/Region)
20.1.8.4. Sales Footprint
20.1.8.5. Strategy Overview
20.1.8.5.1. Marketing Strategy
20.1.8.5.2. Product Strategy
20.1.9. Comptek Solutions Oy
20.1.9.1. Overview
20.1.9.2. Product Portfolio
20.1.9.3. Profitability by Market Segments (Product/Channel/Region)
20.1.9.4. Sales Footprint
20.1.9.5. Strategy Overview
20.1.9.5.1. Marketing Strategy
20.1.9.5.2. Product Strategy
21. Assumptions and Acronyms Used
22. Research Methodology
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