Logistics and packaging challenges are important issues. Further, the decline in call for from the consumer electronics industry may even restrict short term boom. The global Compound Semiconductor Materials market is anticipated to mirror a completely wholesome 7.2% CAGR through the end of the forecasting period in 2030. The continued international pandemic is projected to negatively effect the players within the compound semiconductor material industry.
“Sustained growth of industrialization and a major increase in data transfer applications are boosting the demand for compound semiconductor materials. These materials also find use in scientific applications, in the aerospace and protective clothing industries, aiding long-term growth,” states the FMI report.
Compound Semiconductor Materials Market – Key Takeaways
- Electronics and consumer appliance applications are gaining strong traction on the back of demand for silicon carbide and gallium arsenide semiconductors.
- II-VI range of semiconductor materials are highly sought after for short-wave optoelectronic applications, owing to large-band gap characteristics.
- Asia Pacific primarily led by China is a major market for compound semiconductor materials, with the presence of major production facilities and penetration into the manufacturing sector.
Compound Semiconductor Materials Market – Critical Driving Factors
- Growing investments and favorable policies by governments in developing countries are positively influencing production of compound semiconductor materials.
- Adoption of nanotechnology for the production of compound semiconductor materials, and resultant improvements in surface area contribute to market growth.
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Compound Semiconductor Materials Market – Major Constraints
- Growing competition from low-cost silicon carbide is reducing the growth prospects for other compound semiconductor materials.
- Strict regulatory restrictions on the international trade of essential raw materials is challenging market growth.
The Anticipated Impact of Coronavirus
The compound semiconductor materials market is moderately impacted by the coronavirus pandemic. The outbreak has severely curtailed production activities in the electronics sector. In addition, the continuing effects of the US – China trade war will exacerbate the problem as China is a leading market for semiconductor material production. The suspension of activities in major tech companies will also limit short term demand for semiconductor chips and compound semiconductor materials. The market will witness a stronger resurgence towards 2021 with increasing relaxations on lockdown restrictions.
Competition Landscape
Prominent manufacturers in the compound semiconductor materials market include but are not limited to the Comptek Solutions Oy, IQE plc, Freiberger Compound Materials Gmbh, Sumitomo Electric Industries Ltd., Shin-Etsu Chemical Co. Ltd., Nichia Corp., Skyworks, Samsung, and Qorvo.
Compound semiconductor materials market players are working on strategic collaboration and acquisition strategies with the aim of gaining investments and widening their portfolios to meet evolving consumer needs.
For instance, II-VI Inc. has announced the acquisition of INNOViON and Ascatron for the development of vertically integrated silicon carbide electronics portfolio. Yield Engineering Systems Inc. has joined hands with Link Fab a service provider for semiconductor manufacturers, in terms of sales and service operations. Further, GaN Systems Inc. has collaborated with SPARX Group and received investment for compound semiconductor materials and components for vehicle electrification applications.
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Key Segment
Material Type
- Gallium Arsenide (GaAs)
- Gallium Nitride (GaN)
- Indium Phosphide (InP)
- Zinc Selenide (ZnSe)
- Silicon Carbide (SiC)
- Gallium Phosphorous (GaP)
- Aluminum Gallium Indium Phosphide (AlGaInP)
- Aluminum Gallium Arsenide (AlGaAs)
Application
- Laser
- Optical Fibers
- Photovoltaic Cells
- Optical Devices
- LED Epitaxial Wafers
- Power Amplifiers
- Others
Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global Compound Semiconductor Materials Market Demand Analysis 2015-2019 and Forecast, 2020-2030
to be continued…!
Related Links:
https://ai.ceo/read-blog/21206
https://waappitalk.com/read-blog/28184
https://www.patreon.com/posts/rust-remover-by-77022675
https://vocal.media/stories/rust-remover-market-size-share-demand-growth-and-trends-by-2032
https://www.zupyak.com/p/3440280/t/rust-remover-market-size-share-demand-growth-and-trends-by-2032
About FMI
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.
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