Compound Semiconductor Market Size, Status and Industry Outlook During 2021 to 2026

The Global Compound Semiconductor Market Comprehensive Analysis, Outlook Along with Key segments and Forecasts, 2021-2026, offers an in-depth evaluation of each crucial aspect of the Global Compound Semiconductor industry that relates to market size, share, revenue, demand, and development in the market. The report analyzes the Compound Semiconductor market over the values, historical pricing structure, and trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Compound Semiconductor Market. The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This report provides the COVID-19 (Corona Virus) impact analysis (historic and present) in major regions and countries also provides a futuristic analysis considering COVID-19.

The compound semiconductor market is expected to register a CAGR of 5% over the forecast period 2021-2026.

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Compound semiconductors are made from two or more elements of the different or same group of the periodic table. These are manufactured by using various types of deposition techniques such as chemical vapor deposition, atomic layer deposition, and others. They possess unique properties like high temperature and heat resistance, enhanced frequency, high sensitivity to magnetism and faster operation and optoelectronic features are some of the key advantages boosting its demand. Moreover, the decrease in the manufacturing cost of compound semiconductors has increased its application in electronic and mobile devices.

- Global adoption of smartphones has spread rapidly due to increased penetration of the internet and the availability of low-cost devices. It is subsequently driving the growth of compound semiconductors. However, most of the smartphone manufactures are developing solar-powered smartphones by using the most efficient semiconductor that captures a high amount of light and offers a longer battery life.

- For instance, in 2019, Xiaomi has filed a design patent that indicates that the company is working on a solar-powered smartphone with the solar panels on the back of the phone. It will provide an alternative to user to charge their phone apart from conventional method, USB Type-C port, and provide most environmentally friendly phones. Additionally, Wysips, French company is developing the first transparent, thin film solar panel in order to integrate it into phones screens to provide extra battery power.

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Asia Pacific to Witness Significant Growth

Asia-Pacific is expected to dominate the compound semiconductor market during the forecast period as the majority of market vendors are based out of South Korea, China, and Taiwan. Also, the region has a large number of raw material suppliers in addition to low labor costs.

- Radar, electronic warfare (EW), and communication systems are increasingly leveraging gallium nitride (GaN) technology in the defense sector to meet stringent high-performance, high-power, and long-life cycle demands and thus replacing laterally diffused MOSFET (LDMOS) components. For instance, China has replaced the Travelling Wave Tubes (TWT) with smaller solid-state systems as it delivers higher performance and scalability in the radar systems.

- Moreover, the Asian countries are spending enormously on the defense sector to upgrade their equipment with advanced and efficient technology. For instance, China's proposed budget for 2020 totals USD 718 billion, the largest annual amount requested over the five-year period and is slightly lesser than that of the United States (USD 750 billion).

- The increase in industrial automation has gained the adoption of computer and machines for the effective and efficient control of systems. Compound semiconductor devices play a key role to ensure efficient power consumption within the reduced size of application since they can withstand elevated temperatures and voltages, also making them an ideal component. As per International Federation of Robotics 2019 report, Asia recorded maximum number of annual installations of industrial robots. China, Japan and Republic of Korea accounted 39,351, 17,364 and 11,034 units respectively and almost 80% of the total industrial robot installations were in automotive sector.

Influence of the Compound Semiconductor Market report:

–Comprehensive assessment of all opportunities and risk in the Compound Semiconductor Market.
–Compound Semiconductor Market recent innovations and major events.
–Detailed study of business strategies for growth of the Compound Semiconductor Market market-leading players.
–Conclusive study about the growth plot of Compound Semiconductor Market for forthcoming years.
–In-depth understanding of Compound Semiconductor Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Compound Semiconductor Market.

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