Global Compound Semiconductor Market Report 2022: Growing Demand for SiC Devices in Power Electronics Boosts Sector

News provided by

Dec 02, 2022, 06:15 ET

DUBLIN, Dec. 2, 2022 /PRNewswire/ -- The "Global Compound Semiconductor Market by Type (GaN, GaAs, SiC, InP), Product (LED, Optoelectronics, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Consumer Devices, Power Supply) & Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global compound semiconductor market size is estimated to be USD 40.5 billion in 2022 and is projected to reach USD 55.8 billion by 2027, at a CAGR of 6.6% during the forecast period. The market has promising growth potential due to several factors, such as the rise in demand and implementation of GaN and SiC in the semiconductor industry.

A compound semiconductor is a semiconductor made from two or more elements from two or more different periodic table groups. For example, one element from column III and one from column V of the periodic table are called compound III-V semiconductors, such as Gallium Arsenide (GaAs), Indium Phosphide (InP), and Gallium Nitride (GaN). Electrons in compound semiconductors move faster than electrons in silicon, which enables high-speed processing and operations at lower voltages.

SiC: The fastest-growing segment of the compound semiconductor market, by type

SiC has been experiencing significant growth owing to its wide use in power discrete components and devices, such as MOSFETs, junction field effect transistors (JFETs), and Schottky barrier diode (SBDs). Compared with other compound semiconductors, SiC has a wider bandgap and can operate at higher temperatures and voltages (up to 1,200 V). Therefore, SiC is expected to be used in high-power applications. SiC is used in electric vehicles, wireless charging, and power supplies.

Telecommunications: The largest segment of the compound semiconductor market, by application

Telecommunication is a leading application segment of the compound semiconductor market owing to the increased use of compound semiconductors such as GaAs, GaN, InP, and SiGe. The market for telecommunication applications is expected to cater to the largest share during the forecast period. 5G is providing a huge opportunity for compound semiconductors for telecom applications. The growth of telecommunication applications is driven by increasing demand for RF devices.

The study includes an in-depth competitive analysis of these key players in the compound semiconductor market, with their company profiles, recent developments, and key market strategies.

Market Dynamics

Drivers

Continuous Emergence of Technologies in the GaN Ecosystem
Rise in Demand and Implementation of GaN and SiC in the Semiconductor Industry
Growing Demand for SiC Devices in Power Electronics

Restraints

High Material and Fabrication Costs Associated with Compound Semiconductors

Opportunities

Applications in Electric and Hybrid Electric Vehicles
Potential Use of GaN in 5G Infrastructure Development

Challenges

Complexity in the Design of Compound Semiconductors

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Compound Semiconductor Deposition Technologies

7 Compound Semiconductor Market, by Type

8 Compound Semiconductor Market, by Product

9 Compound Semiconductor Market, by Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

Companies Mentioned

AMS Osram AG
Analog Devices, Inc.
Broadcom Inc.
Efficient Power Conversion Corporation
Gan Systems
II-VI Incorporated
Infineon Technologies AG
Lumentum Holdings Inc.
Macom Technology Solutions Holdings, Inc.
Microchip Technology Inc.
Mitsubishi Electric Corporation
Nichia Corporation
Nxp Semiconductors N.V.
on Semiconductor Corporation
Qorvo, Inc.
Qualcomm Technologies, Inc.
Renesas Electronics Corporation
Rohm Co. Ltd.
Samsung Electronics Co. Ltd.
San'an Optoelectronics Co. Ltd.
Skyworks Solutions, Inc.
STMicroelectronics N.V.
Transphorm Inc.
Visic Technologies Ltd.
Wolfspeed, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/2im3az

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets