Compound Semiconductor Market Size, Share, Trends, Analysis And Global Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Compound Semiconductor Global Market Report 2023 identifies significant growth in the electronics industry as the major driver for the compound semiconductor market's growth in the forecast period. The electronics industry refers to the industry that makes electrical components for a range of goods in addition to electronic equipment and consumer electronics. Compound semiconductors are necessary for making chips and microchips for electronic devices; hence, the growing electronics market is expected to boost the compound semiconductors market.

The global compound semiconductor market size is expected to grow from $67.45 billion in 2022 to $73.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global compound semiconductor market size is expected to grow to $102.02 billion in 2027 at a CAGR of 8.5%.

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Major competitors in the compound semiconductor market are Nichia Corporation, Samsung Electronics Co. Ltd., Qorvo Inc., Wolfspeed Inc., Texas Instruments Incorporated.

A key trend in the compound semiconductor market includes product innovations. Major companies operating in the compound semiconductor market are developing innovative products to strengthen their position in the market. For instance, in August 2022, Qorvo, a US-based provider of innovative and high-performance RF solutions for advanced wireless devices, defense radar, and communications, launched a 100-watt L-band (1.2-1.4 GHz) compact solution, an application-specific GaN-on-SiC power amplifier module (PAM) for commercial and military radar. The QPA2511 GaN-on-SiC PAM has unique features, such as an integrated two-stage amplifier solution that provides 60% power-added efficiency in a circuit size 70% lower than comparable two-stage systems. This exceptional performance greatly lowers the system's overall power consumption.

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The compound semiconductor market is segmented -
•By Type:, Gallium Arsenide (GaAs), Silicon Carbide (SiC), Indium Phosphide (InP), Silicon Germanium (SiGe), Gallium Phosphide (GaP), Other Types
•By Deposition Technologies: Chemical Vapor Deposition (CVD), Molecular Beam Epitaxy, Hydride Vapor Phase Epitaxy (HVPE), Ammonothermal, Liquid Phase Epitaxy, Atomic Layer Deposition (ALD), Other Deposition Technologies
•By Application: General Lighting, Telecommunication, Military, Defense, And Aerospace, Automotive, Power Supply, Datacom, Consumer Display, Commercial, Consumer Devices, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the compound semiconductor market.

The Business Research Company's "Global Compound Semiconductor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Compound Semiconductor Market Include:
1. Executive Summary
2. Compound Semiconductor Market Characteristics
3. Compound Semiconductor Market Trends And Strategies
4. Compound Semiconductor Market - Macro Economic Scenario
5. Compound Semiconductor Market Size And Growth
……
26. Africa Compound Semiconductor Market
27. Compound Semiconductor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Compound Semiconductor Market
29. Compound Semiconductor Market Future Outlook and Potential Analysis
30. Appendix

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