Compound Semiconductor Market To Grow $212.95 Billion By 2027: Allied Market Research

- Advertisement -
  • The sapphire segment is estimated to witness the highest CAGR of 13.5 per cent during the forecast period
  • The molecular beam epitaxy segment is expected to register the highest CAGR of 12.8 per cent from 2020 to 2027
Image for representation (pic credit-ceth ksu)

The global semiconductor market is estimated to reach $212.95 billion by 2027 as per a report by Allied Market Research. It added that the value stood at $89.94 billion in 2019 and it will grow at a CAGR of 11.1 per cent from 2020 to 2027.

The report added that increase in demand for epitaxial wafer in LED technology and growing adoption of compound semiconductors compared to silicon-based technology are driving the growth of the global compound semiconductor market. It added that high cost associated with compound semiconductor components and materials is anticipated to restrain the market growth. It also said that a rise in usage in smart technologies is expected to provide new growth opportunities during the forecast period.

As per the report, “Major compound semiconductor manufacturers across the globe have halted their production activities due to disrupted supply of raw materials such as gallium and arsenide due to restrictions on mobility amid lockdown.”

- Advertisement -

III-V compound semiconductors segment contributed to the largest share in 2019.

Electronic components like LED chips, PCBs, ICs, and wafers are mostly imported from China. Due to the shutdown of manufacturing units in China amid the lockdown, the prices of compound semiconductor components have been increased by two-three per cent due to a shortage of supplies.

The report added that based on type, the III-V compound semiconductors segment contributed to the largest share in 2019. It accounted for nearly one-fourth of the total share, and is estimated to maintain its dominant position during the forecast period. The sapphire segment is estimated to witness the highest CAGR of 13.5 per cent during the forecast period.

Based on deposition technology, the chemical vapour deposition segment accounted for the largest share in 2019, holding more than one-fourth of the total share. It is expected to maintain the largest share throughout the forecast period. The molecular beam epitaxy segment is expected to register the highest CAGR of 12.8 per cent from 2020 to 2027.

Based on the region, Asia-Pacific contributed the highest share, accounting for nearly half of the total share in 2019. It will maintain its dominance throughout the forecast period. It is expected to grow at the highest CAGR of 13.2 per cent from 2020 to 2027.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Exclusive

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

Rivian & Clearloop to Charge EVs With Carbon-Free Renewables

0
Rivian’s Clearloop-supported new Waypoints electric vehicle charging site, with its industry-standard J1772 plug, was inaugurated in Paris Carbon solutions platform Clearloop and US-based all-electric trucks,...

Important Sectors

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

North India’s Largest Floating Solar Project Set Up in Chandigarh

0
Chandigarh Renewable Energy and Science & Technology Promotion Society undertook the two projects to generate over 35 Lac kWh of solar energy per year In...

Manufacturing

Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....

Gogoro, Belrise form $2.5B JV with Maharashtra for EV charging stations

0
The equal stakes partnership will form an infrastructure company that owns battery swapping and EV charging stations across the state of Maharashtra. The state government...

Aries, Emdalo Team Up To Develop RISC-V FPGA Module

0
Aries will incorporate PolarFire FPGA architecture for its two M100PF and M100PFS system-on-modules (SoM).  Germany-based Aries Embedded has partnered with Emdalo Technologies to develop embedded...