Compound Semiconductor Sector, Global, 2024-2028

Rapid Electrification Across Industries, the AI Boom, and Advances in Next-gen Communication Networks Driving Transformational Growth

The global compound semiconductor market is expected to witness unprecedented growth during the next 5 years as industries seek out energy-efficient and high-performance electronics. The study focuses on materials such as gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP), silicon carbide (SiC), and silicon germanium (SiGe), which are gaining prominence across end-user industries because of their characteristics supporting high voltage, switching frequency, and efficiency. The report analyzes compound semiconductor growth potential in each end-user industry. As transformational megatrends such as electric mobility, 5G deployments, data center expansions, and renewable electricity gather momentum, compound semiconductors are poised to play a pivotal role in supporting these developments.

The study identifies key growth opportunities and factors that will boost or restrain market growth. With 2023 as the base year, the analysis estimates market size and growth prospects up to 2028. It follows a specific methodology encompassing discussions with senior management of the compound semiconductor ecosystem and secondary research.

Growth drivers of the compound semiconductor market include demand for high-speed data transfer and advances in future wireless communication networks, focus on green energy and energy efficiency, vehicle electrification and autonomy, and stringent government regulations and initiatives. The study identifies economic slowdown, global geopolitical chaos, and high manufacturing costs as the primary market restraints.

KEY FEATURES

It examines the market and demand patterns by:

• End user (e.g., automotive, industrial, consumer electronics, communications & IT, and energy & utility)
• Material (e.g., GaAs, GaN, SiC, SiGe, and InP)
• Product type (e.g., RF/Microwave, including sensors, photonics, lighting/display, and power electronics)
• Geography (the Americas, Europe, the Middle East, and Africa, and Asia-Pacific)

RESEARCH HIGHLIGHTS

In addition, the analysis covers:

• Pricing trends in the compound semiconductor market
• Opportunities in each end-user sector
• Compound semiconductor wafer size evolution
• Comparison of compound semiconductors with silicon
• Compound semiconductor manufacturing value chain
• 5-year growth outlook across end-user sectors and applications
• Top players across each material type
• Competitive analysis with the market shares of key players
• Sustainability and compound semiconductors