Press release
With 6.6% CAGR, Compound Semiconductor Market Growth to Surpass USD 55.8 billion
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178858112
Increasing use of GaN in general lighting, signage, and automotive applications to drive GaN segment
GaN is used in various applications, such as power drives, radio frequency, lighting and lasers, and supplies and inverters, which can be adopted in different verticals, including automotive, telecommunications, consumer display and devices, military, defense and aerospace, and datacom. One of the other major driving factors for the GaN material is the massive demand from the RF semiconductor device industry. The RF industry started its quest for alternate semiconductor materials. Owing to its ability to deliver high power amplification at high-frequency ranges, GaN semiconductor devices penetrated the RF power semiconductor device industry, bolstering its growth.
Telecommunication segment dominates the compound semiconductor market
The growth of telecommunication application is driven by increasing demand for RF devices. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, it is necessary to use a power amplifier manufactured with a compound semiconductor technology, which is expected to drive market growth during the forecast period. Skyworks Solutions, Inc. focuses on launching RF-based devices, planning to conquer the opportunities in the telecommunications sector. Similarly, NXP Semiconductors N.V. plans to invest in 5G and wireless infrastructure markets with its leadership in GaN, LDMOS, and 5G mm-Wave.
North America accounted for the second largest share of the compound semiconductor market
The market in North America is expected to grow at the second highest CAGR during the forecast period. The growing electric and hybrid vehicle market in North America is expected to support the growth of the compound semiconductor market. North America is a regional hub for many renowned OEMs that deliver quality and high-performance vehicles. OEMs in North America, such as Tesla and GM, focus on developing faster, cleaner, and high-performance electric vehicles.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=178858112
Nichia Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), ams OSRAM AG (Austria), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems (Japan), Canon Inc. (Canada), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With 6.6% CAGR, Compound Semiconductor Market Growth to Surpass USD 55.8 billion here
News-ID: 3151013 • Views: …
More Releases from MarketsandMarkets
North America Renewable Diesel Market worth $49.1 billion by 2044 | Key players …
According to recent market research the "North America Renewable Diesel Market by feedstock (Waste oils, Vegetable oils), and Country (United States, Canada, Mexico) - Forecast to 2044", size is projected to grow from USD 12.9 billion in 2022 to USD 49.1 billion by 2044, at a CAGR of 7.1%. The main forces behind the growth of the Renewable diesel market are increasing focus on reducing carbon emissions, tax credits by…
Fiberglass Market worth $44.3 billion by 2028 | Key players Owens Corning (US), …
According to recent market research the "Fiberglass Market by Glass Type (E Glass, ECR Glass, H Glass, AR Glass, S Glass), Product Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Insulation), and Region - Global Forecasts to 2028", is estimated at USD 27.7 billion in 2022 and is projected to reach USD 44.3 billion by 2028, at a CAGR of 7.3% from 2023 to 2028. Factors…
Microbiome Diagnostics Market Worth $300 million | MarketsandMarkets™
Microbiome Diagnostics Market in terms of revenue was estimated to be worth $146 million in 2023 and is poised to reach $300 million by 2028, growing at a CAGR of 15.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The microbiome diagnostics market is driven by the growing demand of personalized medicine, the collaborative efforts between the microbiome industry and academia for microbiome research and increasing incidences…
Organ-on-Chip Market Size And Global Industry Forecast 2029
Organ-on-Chip Market in terms of revenue was estimated to be worth $123,285 thousand in 2024 and is poised to reach $631,073 thousand by 2029, growing at a CAGR of 38.6% from 2024 to 2029 according to a new report by MarketsandMarkets™. Growth in the organ-on-chip market is mainly driven by factors such as growing emphasis on animal free drug testing, and an increase in the adoption of organ-on-chip technology by…
More Releases for GaN
Global Gallium Nitride (Gan) Substrates Market COVID-19 Updated Analysis By Prod …
Gallium Nitride (Gan) Substrates Industry Overview - Competitive Analysis, Regional and Global Analysis, Segment Analysis, Market Forecasts 2026
An updated report on the global Gallium Nitride (Gan) Substrates market is published by the Market Research Store. The report study gives you each and every detail about the Gallium Nitride (Gan) Substrates market. It helps you to understand the Gallium Nitride (Gan) Substrates market in a comprehensive way. Some of the industry…
GaN Power Device Market by Device (GaN Power Discrete Devices, GaN Power ICs, Ga …
According to a new report published by Allied Market Research, titled;"GaN Power Devices Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022," the global GaN power devices market was valued at $16 million in 2015, and is projected to reach $273 million by 2022, growing at a CAGR of 49.8% from 2016 to 2022. The GaN power modules segment contributed over 45% of the share among other GaN power…
GaN Power Device Market by Device (GaN Power Discrete Devices, GaN Power ICs, Ga …
At present, North America and Europe combined together lead the GaN power device market and are expected to maintain dominance over the next few years as well. Moreover, the increase in investment from the Europe Space Agency (ESA) on GaN power devices for several space projects and increase in the usage of GaN-based transistors in the defense operations in North America will help the GaN power devices market gain traction…
GaN RF Devices Market: GAN Systems, Infineon Technologies, NXP Semiconductors, T …
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global GaN RF Devices Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This report studies the global GaN RF Devices market status and forecast, categorizes the global GaN RF Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South…
Global GaN Power Device Market 2017 - Qorvo, Inc, Cree Incorporated, GaN Systems …
Apex Market Reports, recently published a detailed market research study focused on the "GaN Power Device Market" across the global, regional and country level. The report provides 360° analysis of "GaN Power Device Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global GaN Power Device industry, and estimates the future trend of…
Global GaN Industrial Devices Market 2017 - Fujitsu, Toshiba, Panasonic, GaN Sys …
The report studies GaN Industrial Devices in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The study Global GaN Industrial Devices Industry 2017 is a detailed report scrutinizing statistical data related to the Global GaN Industrial Devices industry. Historical data available in the report elaborates on the development of the…
