Compound Semiconductor Market Size, Growth, Trend
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Posted On: 03/20/2019 12:43:18 AM
Compound Semiconductor Market Size, Growth, Trend and Forecast to 2024 | MarketsandMarkets
Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography - Global Forecast to 2024
Read More-https://www.marketsandmarkets.com/Market-Repo...58112.html
[175 Pages Report] The compound semiconductor is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%. Increase in government and stakeholder funding, rise in demand and implementation of GaN and SiC in semiconductor industry, and high use of compound semiconductors in LED applications are the major factors driving the growth of the compound semiconductor market.
By type, GaN to be largest contributor in compound semiconductor market during forecast period
LEDs to account for largest market during forecast period
APAC to grow at highest CAGR during forecast period
Key Market Players
Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), Efficient Power Conversion (US), Lumentum (US), NeoPhotonics (US), San’an Optoelectronics (China), and STMicroelectronics (Switzerland) are among the major players in the compound semiconductor market.
Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography - Global Forecast to 2024
Read More-https://www.marketsandmarkets.com/Market-Repo...58112.html
[175 Pages Report] The compound semiconductor is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%. Increase in government and stakeholder funding, rise in demand and implementation of GaN and SiC in semiconductor industry, and high use of compound semiconductors in LED applications are the major factors driving the growth of the compound semiconductor market.
By type, GaN to be largest contributor in compound semiconductor market during forecast period
LEDs to account for largest market during forecast period
APAC to grow at highest CAGR during forecast period
Key Market Players
Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), Efficient Power Conversion (US), Lumentum (US), NeoPhotonics (US), San’an Optoelectronics (China), and STMicroelectronics (Switzerland) are among the major players in the compound semiconductor market.
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