IV-IV Compound Semiconductor Market 2020-2030: Top Impacting Factors and Growth Projections Nichia, Samsung Electronic, Osram, Qorvo, Skyworks, Cree, on Semiconductor, GAN Systems, Mitsubishi Electric, Infineon and NXP
These players adopt collaboration, partnership, and product development as their key developmental strategies to increase revenue of the IV-IV compound semiconductor market and develop new products to enhance the product portfolio. For instance, Qorvo launched 28 GHz gallium nitride (GaN) front-end module (FEM). This new FEM reduces overall system costs for base station equipment manufacturers as they expand into 5G. In addition, Nichia launched color tunable Chip-on-Board (COB) series general lighting LEDs--NJCWL024Z-V1MT and NVCWJ024Z-V1MT.
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KEY BENEFITS FOR STAKEHOLDERS
o This study includes the analytical depiction of the global IV-IV compound semiconductor market share along with the current trends and future estimations to determine the imminent investment pockets.
o The report presents information regarding the key drivers, restraints, and opportunities.
o The IV-IV compound semiconductor market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The IV-IV compound semiconductor market is segmented in to three categories by type, end use, and region.
Based on type, the market is classified into carbon, silicon, germanium, lead, and flerovium. Based on end use, the market is analyzed across healthcare, automotive, military & defense, aerospace, telecommunication, and consumer electronics. Based on region, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
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IV-IV compound semiconductor is composed of two or more elements such as carbon, silicon, germanium, lead, and flerovium. Various compound semiconductors can be obtained by changing the grouping of basic elements. IV-IV allows to operate power devices at higher temperatures. In short, IV-IV compound semiconductor can conduct electricity under some conditions and making it a good medium for the control of electrical current. It has been widely adopted by many industries due to low-cost, advanced devices with low-power dissipation, and high output.
The factors such as increase in initiatives by government in funding towards semiconductor industry, rise in demand for silicon & germanium, and growth in usage of IV-IV compound semiconductor in led applications drive the growth of the market. However, high cost is expected to restrain the market growth. Furthermore, growth in automotive, telecom, and power industries, followed by surge in adoption of IV-IV compound semiconductor in MDA, that is, military defense & aerospace, and developing technologies to transform semiconductor industry provide lucrative growth opportunities for the IV-IV compound semiconductor market.
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KEY MARKET SEGMENTS
By End Use
o Military, Defense, & Aerospace
o Consumer Electronics
o North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
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