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Compound Semiconductor Materials Market - Size, Share, Trends, and Forecast 2019 - 2027<br>
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COMPOUND SEMICONDUCTOR MATERIALS MARKET ANALYSIS Compound Semiconductor Materials Market - Size, Share, Trends, and Forecast 2019 – 2027 ompound semiconductors are semiconductors made of the compound comprising of elements two different groups from the periodic table. The compound semiconductor materials can be in binary, ternary, or quaternary form and are available in wide range depending upon their form.
Market Outlook Global compound semiconductor materials market size is estimated to be valued at US$ 37.21 billion in 2019, and expected to register a CAGR of 7.32% over the forecast period (2019-2027). Growing adoption of semiconductors such as InP, GaN, and GaAs is expected to drive growth of the market during the forecast period. There is a significant demand for compound semiconductors for optoelectronic devices and wireless technology.
Market Regional Analysis Asia Pacific is projected to account for major market share in the global compound semiconductor materials market during the forecast period. This is owing to increasing demand for wireless technologies from emerging economies such as India and China. Moreover, there is high demand for optoelectronic devices from India, Japan, Taiwan, and South Korea, which is expected to support market growth. North America is also expected to witness significant growth, owing to high demand for space applications, wireless technology, and optoelectronic devices from the U.S. Rest of the world is expected to have an impact on global market..
Key Players Key players in the global compound semiconductor materials market are Cree Inc., Air Products and Chemicals, Inc., Dow Corning Corporation, Nichia Corporation, Galaxy Compound Semiconductors Inc., and Momentive..
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