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Compound Semiconductor Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 183
  • SKU: IRTNTR44692
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The compound semiconductor market is estimated to grow at a CAGR of 6.79% between 2022 and 2027. The size of the market is forecast to increase by USD 15,951.15 million. The growth of the market depends on serval factors, including the increasing demand for enhanced power density, the rising adoption of smartphones, and the increased demand for enhanced communication networks.

This report extensively covers market segmentation by type (GaAs, GaN, SiC, and others), end-user (consumer electronics, communications, defense and aerospace, automotive, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Compound Semiconductor Market During the Forecast Period?

Compound Semiconductor Market Size

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Parent Market Analysis

Technavio categorizes the global compound semiconductor market as a part of the global semiconductor market within the overall global semiconductor and semiconductor equipment market. The parent global semiconductor market covers manufacturers of semiconductors and related products. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Compound Semiconductor Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand for enhanced power density is notably driving the market growth, although factors such as manufacturing complexities of compound semiconductors may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Compound Semiconductor Market Driver

The increasing demand for enhanced power density is notably driving the compound semiconductor market growth. The increasing demand for productivity with the use of limited equipment requires several extra functionalities to be installed in a particular piece of equipment. Thus, devices require high power densities to operate. As a result, the global demand for high-power solutions is increasing at a rapid rate. This is driving the need for superior semiconductor materials as silicon-based devices are unable to showcase the desired results. Compound semiconductor materials are suited to perform at high power densities due to inherent material properties that enable them to handle high temperatures. Thus, the need for cooling systems gets eliminated, which results in the compact size of applications and lesser cost.

In addition, compound semiconductor materials offer higher switching rates and energy efficiency, ultimately resulting in low system costs. Applications such as inverter systems, electric rail traction drives, wind power generators, and solar power generators use power electronics devices to improve their operational efficiency. However, silicon-based power devices are unable to provide the required performance, which fuels the need for compound semiconductor materials. Vendors are investing heavily in R&D to develop power semiconductor devices based on compound semiconductor materials which can operate at high power levels. They also offer other various advantages such as low noise and compact applications. Thus, the growing demand for higher power density in high-power applications will drive the global compound semiconductor market during the forecast period.

Significant Compound Semiconductor Market Trend

Rising adoption of renewable energy sources is a major trend in the compound semiconductor market. Renewable energy is expected to produce more than one-fourth of global gross power generation in the next five years. Governments in several countries are making renewable energy a part of their long-term development strategies. For instance, the UK Government has set a target of generating more than a quarter of its energy requirements from renewable sources by 2020. Several other countries are deploying ways to encourage clean energy production as it helps in reducing the carbon footprint. Moreover, the expense of renewable sources like solar and wind energy has been reduced by more than 50% over the past decade because of technological improvements and economies of scale. This tremendous implementation of renewable electricity sources is inducing opportunities for business for compound semiconductors, especially SiC and GaN.

Renewable sources like wind energy and solar power are likely to be benefited from compound semiconductors. These resources require high-power devices with greater efficiency that can be delivered by compound semiconductors. It is estimated that an improvement of half a percent in the energy efficiency of renewables will be worth investing in materials like SiC and GaN. The use of compound semiconductor components in renewable sources will not only increase efficiency but also provides improved switching frequency by more than twofold. In addition, these devices have the potential to reduce the size of inverters in renewable energy by half. Such factors are estimated to drive the growth of the focused market. 

Major Compound Semiconductor Market Challenge

Manufacturing complexities of compound semiconductors are a major challenge impeding the compound semiconductor market growth. Compound semiconductor technology has a complex manufacturing procedure that requires high-end equipment and highly skilled labor. Vendors need to invest heavily in R&D to solve complexities regarding manufacturing and mass production to address the market demand and to get the benefit of economies of scale.

Compound semiconductor fabrication requires many processing steps starting with the preparation of substrates. The following processing steps may include the epitaxial growth of a thin semiconductor layer, etching and lithography, ion implantation, and deposition of metallic conductors. Compound semiconductors require special crystal growth methods and processing procedures for further development. In addition, silicon processing technologies cannot be applied in the fabrication of compound semiconductor devices due to factors like vapor pressure differences and lattice mismatch.

Compound semiconductors are new, even though they have been used since 1990 in a series of small or limited applications. Their manufacturing needs creative and experienced engineers to achieve optimum power, speed, and performance. It also requires a high degree of expertise to manufacture compound semiconductor components within the constraints of the standard manufacturing process. Engineers with proper expertise and skill are not available easily, as this type of expertise requires years of practical experience under senior supervision. These manufacturing complexities pose a threat to the global compound semiconductor market growth.

Key Compound Semiconductor Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Compound Semiconductor Market Share by Geography

Global Compound Semiconductor Market Customer Landscape

Who are the Major Compound Semiconductor Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Broadcom Inc. - The company operates under two segments including semiconductor solutions, and infrastructure software with a high focus on semiconductor solutions. The company under this segment offers digital, mixed-signal, and analogue products including fast switching speeds and low power consumption. The company's key offerings include compound semiconductors. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Advanced Wireless Semiconductor Co.
  • AXT Inc.
  • Infineon Technologies AG
  • Maxim Integrated Products Inc.
  • Microchip Technology Inc.
  • Micron Technology Inc.
  • Mitsubishi Electric Corp.
  • Nichia Corp.
  • NXP Semiconductors NV
  • Qorvo Inc.
  • Qualcomm Inc.
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • Skyworks Solutions Inc.
  • Sony Group Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Compound Semiconductor Market?

The market share growth by the GaAs segment will be significant during the forecast period. The market for Gallium arsenide (GaAs) is expected to see moderate YoY growth, which is attributed to the enhanced durability, efficient power consumption, and superior performance of GaAs components. These benefits make these components an attractive solution in sectors such as consumer electronics and communications. This will ultimately increase market revenue during the forecast period.

Compound Semiconductor Market Size

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The GaAs segment shows a gradual increase in the market share of USD 24,176.23 million in 2017 and continued to grow until 2021GaAs-based semiconductors hold a major share of the global compound semiconductor market. This is because they are widely used in smartphones and have witnessed a high demand in recent years, proportionally with the growth of the smartphone market. Moreover, the need for GaAs components is rising because of the rapid development of wireless communication devices. This, in turn, fuels the growth of GaAs components such as amplifiers, switches, and diodes.

Which are the Key Regions for the Compound Semiconductor Market?

Compound Semiconductor Market Share by Geography

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APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Increasing urbanization along with stable economic growth, the increasing presence of automotive manufacturers, coupled with the increasing demand for advanced automobiles, the growing demand for semiconductors from the aerospace, electronics, and other end-user industries in developing countries such as China and India, and the presence of global and local vendors are the major factors driving the growth of the compound semiconductor market in APAC.

The growth in the urban population has fueled the demand for cars in APAC. The growth in the urban population, coupled with stable economic growth, has increased the demand for passenger cars integrated with advanced automotive components such as silicon carbide (SiC) for energy efficiency, which is fueling the growth of the compound semiconductor market in the region. Automobile manufacturers such as Mahindra and Mahindra Ltd. have a major presence in APAC. This has increased the manufacturing of a comprehensive range of vehicles. This, in turn, is driving the growth of the compound semiconductor market in APAC.

In addition, countries such as India, China, South Korea, and Japan are continuously increasing their defence budgets to strengthen their national security. Hence, the growing demand for such equipment from military forces of different countries in APAC is anticipated to influence the growth of aerostat systems. The development of advanced equipment to enhance the operational efficiency of national security forces is also increasing the demand for compound semiconductors from the defence and aerospace industry and thereby fostering the growth of the market for compound semiconductors in APAC. Moreover, major compound semiconductor manufacturers, such as Samsung Electronics Co. Ltd. (Samsung Electronics, South Korea) have a strong presence in APAC. Thus, the increasing presence of compound semiconductor manufacturers is also fueling the growth of the market in this region. 

Manufacturing activities in APAC were adversely impacted in 2020 and 2021 due to the COVID-19 pandemic. However, in 2021, industrial sectors such as automobile and manufacturing started recovering, with progressing COVID-19 vaccination drives. The demand for compound semiconductors is fluctuating significantly due to the delay in the launch of products. Such factors will positively impact the growth of the regional compound semiconductor market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (GaAs, GaN, SiC, and Others), End-user (Consumer electronics, Communications, Defense and aerospace, Automotive, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Type Outlook (USD Million, 2017 - 2027)
    • GaAs
    • GaN
    • SiC
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Consumer electronics
    • Communications
    • Defense and aerospace
    • Automotive
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Compound Semiconductor Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.79%

Market growth 2023-2027

USD 15,951.15 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.43

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 73%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Wireless Semiconductor Co., AXT Inc., Broadcom Inc., Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., Micron Technology Inc., Mitsubishi Electric Corp., Nichia Corp., NXP Semiconductors NV, Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Wolfspeed Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Compound Semiconductor Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the compound semiconductor market  between 2023 and 2027
  • Precise estimation of the compound semiconductor market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of compound semiconductor market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global compound semiconductor market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global compound semiconductor market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 GaAs - Market size and forecast 2022-2027
      • Exhibit 34: Chart on GaAs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on GaAs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on GaAs - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on GaAs - Year-over-year growth 2022-2027 (%)
    • 6.4 GaN - Market size and forecast 2022-2027
      • Exhibit 38: Chart on GaN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on GaN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on GaN - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on GaN - Year-over-year growth 2022-2027 (%)
    • 6.5 SiC - Market size and forecast 2022-2027
      • Exhibit 42: Chart on SiC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on SiC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on SiC - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on SiC - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 53: Chart on Comparison by End-user
      • Exhibit 54: Data Table on Comparison by End-user
    • 7.3 Consumer electronics - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
    • 7.4 Communications - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Communications - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Communications - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Communications - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Communications - Year-over-year growth 2022-2027 (%)
    • 7.5 Defense and aerospace - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Defense and aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Defense and aerospace - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Defense and aerospace - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Defense and aerospace - Year-over-year growth 2022-2027 (%)
    • 7.6 Automotive - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 75: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 77: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 79: Chart on Geographic comparison
      • Exhibit 80: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 South Korea - Market size and forecast 2022-2027
      • Exhibit 113: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 118: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 119: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 121: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 122: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 124: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 125: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 126: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 127: Matrix on vendor position and classification
            • 12.3 Broadcom Inc.
              • Exhibit 128: Broadcom Inc. - Overview
              • Exhibit 129: Broadcom Inc. - Business segments
              • Exhibit 130: Broadcom Inc. - Key news
              • Exhibit 131: Broadcom Inc. - Key offerings
              • Exhibit 132: Broadcom Inc. - Segment focus
            • 12.4 Infineon Technologies AG
              • Exhibit 133: Infineon Technologies AG - Overview
              • Exhibit 134: Infineon Technologies AG - Business segments
              • Exhibit 135: Infineon Technologies AG - Key news
              • Exhibit 136: Infineon Technologies AG - Key offerings
              • Exhibit 137: Infineon Technologies AG - Segment focus
            • 12.5 Microchip Technology Inc.
              • Exhibit 138: Microchip Technology Inc. - Overview
              • Exhibit 139: Microchip Technology Inc. - Business segments
              • Exhibit 140: Microchip Technology Inc. - Key offerings
              • Exhibit 141: Microchip Technology Inc. - Segment focus
            • 12.6 Micron Technology Inc.
              • Exhibit 142: Micron Technology Inc. - Overview
              • Exhibit 143: Micron Technology Inc. - Business segments
              • Exhibit 144: Micron Technology Inc. - Key offerings
              • Exhibit 145: Micron Technology Inc. - Segment focus
            • 12.7 Mitsubishi Electric Corp.
              • Exhibit 146: Mitsubishi Electric Corp. - Overview
              • Exhibit 147: Mitsubishi Electric Corp. - Business segments
              • Exhibit 148: Mitsubishi Electric Corp. - Key news
              • Exhibit 149: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 150: Mitsubishi Electric Corp. - Segment focus
            • 12.8 Nichia Corp.
              • Exhibit 151: Nichia Corp. - Overview
              • Exhibit 152: Nichia Corp. - Product / Service
              • Exhibit 153: Nichia Corp. - Key offerings
            • 12.9 NXP Semiconductors NV
              • Exhibit 154: NXP Semiconductors NV - Overview
              • Exhibit 155: NXP Semiconductors NV - Product / Service
              • Exhibit 156: NXP Semiconductors NV - Key news
              • Exhibit 157: NXP Semiconductors NV - Key offerings
            • 12.10 Qorvo Inc.
              • Exhibit 158: Qorvo Inc. - Overview
              • Exhibit 159: Qorvo Inc. - Business segments
              • Exhibit 160: Qorvo Inc. - Key offerings
              • Exhibit 161: Qorvo Inc. - Segment focus
            • 12.11 Samsung Electronics Co. Ltd.
              • Exhibit 162: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 163: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 164: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 165: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 166: Samsung Electronics Co. Ltd. - Segment focus
            • 12.12 Skyworks Solutions Inc.
              • Exhibit 167: Skyworks Solutions Inc. - Overview
              • Exhibit 168: Skyworks Solutions Inc. - Product / Service
              • Exhibit 169: Skyworks Solutions Inc. - Key offerings
            • 12.13 Sony Group Corp.
              • Exhibit 170: Sony Group Corp. - Overview
              • Exhibit 171: Sony Group Corp. - Business segments
              • Exhibit 172: Sony Group Corp. - Key news
              • Exhibit 173: Sony Group Corp. - Key offerings
              • Exhibit 174: Sony Group Corp. - Segment focus
            • 12.14 STMicroelectronics NV
              • Exhibit 175: STMicroelectronics NV - Overview
              • Exhibit 176: STMicroelectronics NV - Business segments
              • Exhibit 177: STMicroelectronics NV - Key news
              • Exhibit 178: STMicroelectronics NV - Key offerings
              • Exhibit 179: STMicroelectronics NV - Segment focus
            • 12.15 Texas Instruments Inc.
              • Exhibit 180: Texas Instruments Inc. - Overview
              • Exhibit 181: Texas Instruments Inc. - Business segments
              • Exhibit 182: Texas Instruments Inc. - Key news
              • Exhibit 183: Texas Instruments Inc. - Key offerings
              • Exhibit 184: Texas Instruments Inc. - Segment focus
            • 12.16 Toshiba Corp.
              • Exhibit 185: Toshiba Corp. - Overview
              • Exhibit 186: Toshiba Corp. - Business segments
              • Exhibit 187: Toshiba Corp. - Key offerings
              • Exhibit 188: Toshiba Corp. - Segment focus
            • 12.17 Wolfspeed Inc.
              • Exhibit 189: Wolfspeed Inc. - Overview
              • Exhibit 190: Wolfspeed Inc. - Business segments
              • Exhibit 191: Wolfspeed Inc. - Key offerings
              • Exhibit 192: Wolfspeed Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 193: Inclusions checklist
                • Exhibit 194: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 195: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 196: Research methodology
                • Exhibit 197: Validation techniques employed for market sizing
                • Exhibit 198: Information sources
              • 13.5 List of abbreviations
                • Exhibit 199: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Compound Semiconductor market growth will increase by $15951.15 million during 2023-2027.
              The compound semiconductor market is expected to grow at a CAGR of 6.79% during 2023-2027.
              Technavio has segmented the compound semiconductor market by type (GaAs, GaN, SiC, Others, and others) ,end-user (Consumer electronics, Communications, Defense and aerospace, Automotive, and Others) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Advanced Wireless Semiconductor Co., AXT Inc., Broadcom Inc., Infineon Technologies AG, Maxim Integrated Products Inc., Microchip Technology Inc., Micron Technology Inc., Mitsubishi Electric Corp., Nichia Corp., NXP Semiconductors NV, Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., Wolfspeed Inc. are a few of the key vendors in the compound semiconductor market.
              APAC will register the highest growth rate of 73.18% among the other regions. Therefore, the compound semiconductor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • South Korea
              • Germany
              The key factors driving the compound semiconductor market growth are:
              • Increasing demand for enhanced power density
              • Growing adoption of EVs and HEVs
              The compound semiconductor market vendors should focus on grabbing business opportunities from the gaas segment as it accounted for the largest market share in the base year.
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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