Silicon Germanium Material Market Size to be worth US$ 10 Billion by 2032

The global silicon germanium material market is estimated to provide an incremental potential of more than US$ 4.5 billion by 2022, rising at a phenomenal CAGR of roughly 12% to 13% between 2022 and 2032. Sales of silicon germanium material are expected to hit US$ 10 billion by the end of 2032, up from US$ 4 billion in 2021.

Silicon germanium material is an alloy with a particular molecular ratio of silicon and germanium. Silicon germanium material is majorly used as a semiconductor material in various applications. It is also used for the manufacturing of silicon germanium bipolar transistors. Silicon germanium material has good optical properties, because of which, it can be used to manufacture photonic devices. Silicon germanium material is favored in the manufacturing of complementary metal oxide semiconductors (CMOS).

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Developments in the semiconductor industry are allowing the exploration of new applications of silicon germanium material in the industrial and consumer electronics industry. Manufacturers of silicon germanium material have shown high growth in their sales of silicon germanium material and devices. The wide range of applications of silicon germanium material includes electronic devices, heat to power transmission devices, wireless devices, radio and GPS devices, and fiber optic devices. The thermoelectric properties of silicon germanium material makes it useful in space applications.

Market Dynamics of the Silicon Germanium Material Market

Semiconductor devices have seen an upsurge in demand in recent years. The increasing demand for semiconductor materials from various electronic applications has pushed the growth of the semiconductor materials market. New developments, as a result of continuous research in the field of material science, are accelerating the growth of the silicon germanium material market. Increasing end-use industries such as automotive, aerospace, defense, consumer electronics, and other industries are pushing the demand for silicon germanium material. High growth in the end-use industries in emerging economies such as India and China is also boosting the demand for silicon germanium material.
Alternatives Products May Restrain the Potential Growth of the Silicon Germanium Material Market

New inventions that are exploring the combination of other elements, including carbon, tin, lead, silicon, and others semiconductor material, may hinder the potential growth of the silicon germanium material market. Moreover, increasing competition from Asian players is impacting the prices of the devices related to silicon germanium material.

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Silicon Germanium Material Market Trends: Innovation and New Product Development

Market players are investing in R&D to develop better combinations of silicon germanium materials. The market has witnessed developments in silicon germanium material for improving the performance of the devices in which these materials find application.

Silicon Germanium Material Market: Regional Outlook

Korea, Taiwan, and Japan are the leading countries in the silicon germanium material market. The large contribution of these countries in the global silicon germanium material market has made Asia Pacific a leading region. High growth is expected in the region during the forecast period. Increasing population and rising disposable income of the populations in China, India, and other emerging Asia Pacific countries are expected to boost the demand for consumer electronics and other products where silicon germanium material is used. North America is followed Asia Pacific, in terms of the demand for silicon germanium material, in terms of both, value and volume.

The total demand in Europe for silicon germanium material is less than that of North America. Moreover, lower growth is projected in the European region as compared to Asia Pacific. Latin America and the Middle East & Africa contribute a small share in the global silicon germanium material market. However, high growth in the demand for silicon germanium material is expected from the Middle East &Africa region. Emerging economies and ample growth opportunities are attributed for the growth of the market in this region.

Global Silicon Germanium Material Market: Market Participants

Some of the market participants identified across the value chain of the global silicon germanium material market are:
• IBM Corporation
• AIXTRON
• Applied Materials
• Atmel Corporation
• Analog Devices
• Hitachi Ltd.
• IHP Microelectronics GmbH
• GLOBALFOUNDRIES
• Infineon Technologies
• IQE PLC
• MACOM
• Tower Semiconductor Ltd
• Riber
• STMicroelectronics N.V
• NXP Semiconductors NV
• Skyworks Solutions, Inc.
• Texas Instruments Inc.
• Toshiba Corporation
• Taiwan Semiconductor Manufacturing Company, Ltd.

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Global Silicon Germanium Material Market Segmentation

On the basis of application, the global silicon germanium material market can be segmented as:
• Mobile Phones
• Laptops
• CATVs
• Network Devices
• Sensor Devices
• Medical Instruments
• Other Devices (Laser Devices, Lighting Devices)

On the basis of end-use industry, the global silicon germanium material market can be segmented as:
• Consumer Electronics
• Aerospace & Defense
• Automotive Industry
• Communication Industry
• Medical & Healthcare
• Others (Instrumentation Industry)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.