Global Compound Semiconductor Market Accounted For $30.11 Billion in 2019: Report

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The global compound semiconductor market is expected to reach $56.98 billion by 2027. Industry’s first automotive GaN FET with integrated driver was introduced recently

Global Compound Semiconductor Market, as per a report by Research and Markets accounted for $30.11 billion in 2019. The same is expected to reach $56.98 billion by 2027. It is forecast to grow at a CAGR of 8.3 per cent during the forecast period.

“Some of the key factors propelling the growth of the market are growing use of compound semiconductors, increasing implementation of GaN and SiC, and advancements in wireless technologies. However, the high fabrication cost is the restraining factor for the growth of the market,” read the report.

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By product, the power electronics segment is expected to grow at a significant market share during the forecast period which is attributed to the increasing demand for battery electric vehicles (BEVs) as well as plug-in hybrid electric vehicles (PHEVs). Based on geography, Asia-Pacific is anticipated to hold considerable market share during the forecast period due to the growing demand for compound semiconductors in various end-use industries.

Introduction of industry’s first automotive GaN FET with integrated driver

Texas Instruments (TI) recently today expanded its high-voltage power management portfolio with the next generation of 650-V and 600-V gallium nitride (GaN) field-effect transistors (FETs) for automotive and industrial applications.

“With a fast-switching, 2.2-MHz integrated gate driver, the new families of GaN FETs help engineers deliver twice the power density, achieve 99% efficiency and reduce the size of power magnetics by 59 per cent compared to existing solutions. TI developed these new FETs using its proprietary GaN materials and processing capabilities on a GaN-on-silicon (Si) substrate, providing a cost and supply-chain advantage over comparable substrate materials such as silicon carbide (SiC),” read GaN’s official statement.

“Wide-bandgap semiconductor technologies like GaN inherently bring firmly established capabilities to power electronics, especially for high-voltage systems,” said Asif Anwar, director of the Powertrain, Body, Chassis & Safety Service at Strategy Analytics. “

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