Compound Semiconductor

Compound Semiconductor Market Valuation To Hit USD 44.52 Billion By 2027


The compound semiconductor market size is estimated to reach US$ 44.52 billion by the end of 2027, registering a CAGR of 6.2% from 2020 to 2027.

The report provides the overall revenue of the global compound semiconductor market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Compound semiconductors are referred as semiconductors that are made from two or more elements from different groups in the periodic table, and are synthesized using various deposition technologies. Devices made from semiconductors are an essential component of various electronic circuits, as they possess unique features such as high current & voltage holding capacity, high operational temperatures, wide band gap, and ability to generate microwave signals.

Compound semiconductors offer significant performance advantages over silicon semiconductors that are highly essential for a growing range of technology applications. Compound semiconductors such as InP and GaAs can operate at speeds that have higher magnitudes compared to silicon. Additionally, compound semiconductors can receive and generate broad range of electromagnetic spectrum ranging from high frequency ultraviolet visible light to long wavelength infrared light. Other properties offered by the compound semiconductor material include communications (lasers and receivers for fiber-optics) and ability to sense and emit light in the form of general lighting (LEDs).

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Report Highlights

  • In 2019, the Asia Pacific captured maximum revenue share of nearly 50% in the global compound semiconductor market in 2019. In addition, the region analyzed to witness the highest growth over the forecast period. This is mainly due to the escalating demand of consumer electronic products along with significant penetration of wireless communication technologies in the region.
  • North America and Europe are the other significant revenue contributors in the global compound semiconductor market. Their growth is mainly attributed to the escalating development of automotive and telecommunication sectors. Advent of electrification of vehicles, artificial Intelligence, and digitalization has significantly propelled the market growth in above mentioned regions.
  • By application, IT & Telecom accounted for the major market value share of nearly 45% in 2019 and expected to witness substantial growth over the analysis period. This is attributed to rising demand for semiconductor elements in wireless and mobile communications. However, consumer electronics projected to register the most lucrative growth rate during the forecast period.

Growth Factors

Increasing demand for high speed and efficiency products has prominently driven the market growth for compound semiconductors in the recent past. Integration of high-end technologies such as artificial intelligence, machine learning, and Internet of Things (IoT) in the communication sector to enhance its performance is the other prime factor that boosts the market growth. Further, increasing usage of compound semiconductor in various electronic applications that include electronic wafer, film coatings, and integrated circuits expected to drive the market prominently over the next few years. Automotive industry has witness dramatic changes in the recent past due to rising advancement in the electronic products. Automotive innovations such as electric vehicle and autonomous cars have fulfilled the maximum required integration of semiconductor electronics in the automotive sector. The aforementioned factor fuels the market growth prominently.

However, high fabrication and material cost may hamper the market growth in the near future. The prices of compound semiconductor products are much higher as compared to silicon semiconductors due to complex manufacturing processes and usage of high-priced state-of-the-art equipment during fabrication.

Report Scope of the Compound Semiconductor Market

Report Coverage Details
Market Size USD 44.52 Billion by 2027
Growth Rate CAGR of 6.2% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Deposition Technology, Type, Product, Application, Region

Regional Snapshots

In 2019, the Asia Pacific accounted for the major market value share of around 45% in the global compound semiconductor market and projected to register the fastest growth over the analysis period. Escalating growth of consumer electronics and automotive industry in the region are the prime factor that propels the market growth. In addition, the region is highly lucrative for the implementation of advanced and up-coming technologies such as artificial intelligence, machine learning, big data, and analytics.

Key Players & Strategies

The global compound semiconductor market is highly competitive and fragmented with the presence of numerous market players. These players are largely focused towards product development and enhancement to cater the rapidly changing consumer need. For instance, in May 2020, OSRAM launched a new 24V TEC Flex family that provides uniform illumination over a broad range of outdoor and indoor applications. TEC Flex Tunable White (TW) can be implemented for continuous modulation of color temperature ranging from 2700K to 6500K during maintenance of high color yield. Some of the market participants are also looking towards inorganic growth strategies such as merger & acquisition, partnership, and collaboration with other players in the value chain. For instance, in February 2020, Qorvo acquired Decawave, a Ireland-based company that is a pioneer in ultra-wideband (UWB) technology and offer UWB solutions for automobile, mobile, and IoT applications.

Some of the prominent players in the compound semiconductor market include:

  • Nichia Corporation
  • Cree Inc.
  • Qorvo
  • Samsung Electronics
  • Taiwan Semiconductor Manufacturing Company Ltd.
  • STMicroelectronics NV
  • NXP Semiconductor N.V.
  • Texas Instruments Inc.
  • Renesas Electronics Corporation
  • Infineon Technologies AG

Segments Covered in the Report

This research study encompasses comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative intelligences, and prognoses of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report comprises market division and its revenue valuation by categorizing it depending on deposition technology, type, product, application, and region:

By Deposition Technology

  • Molecular Beam Epitaxy
    • Metal Organic Molecular Beam Epitaxy
  • Chemical Vapor Deposition
    • Metal Organic Chemical Vapor Deposition (MOCVD)
  • Ammonothermal
  • Hydride Vapor Phase Epitaxy
  • Atomic Layer Deposition
  • Liquid Phase Epitaxy
  • Others

By Type

  • II-VI Compound Semiconductors
    • Cadmium Telluride
    • Cadmium Selenide
    • Zinc Selenide
  • III-V Compound Semiconductors
    • Gallium Phosphide
    • Gallium Nitride
    • Indium Phosphide
    • Gallium Arsenide
    • Indium Antimonide
  • IV-IV Compound Semiconductors
    • Silicon Germanium
    • Silicon Carbide
  • Sapphire
  • Others
    • Aluminum Indium Arsenide
    • Aluminum Gallium Arsenide
    • Aluminum Gallium Phosphide
    • Aluminum Gallium Nitride
    • Cadmium Zinc Telluride
    • Indium Gallium Nitride

By Product

  • Transistors
    • Metal Oxide Semiconductor Field-Effect Transistors
    • High Electron Mobility Transistors
    • Metal Semiconductor Field-Effect Transistors
  • Power Semiconductor
  • Diodes & Rectifiers
    • Zener Diode
    • PIN Diode
    • Light-Emitting Diode
    • Schottky Diode
  • Integrated Circuits
    • Radio Frequency Integrated Circuits
    • Monolithic Microwave Integrated Circuits
  • Others

By Application

  • Industrial and Energy & Power
    • Wind Turbines & Wind Power System
    • Smart Grid
    • Motor Drives
    • Photovoltaic Inverters
  • Consumer Electronics
    • LED Lighting
    • Invertors
    • Switch Mode Consumer Power Supply System
  • IT & Telecom
    • Satellite Communication
    • Signal Amplifiers and Switching System
    • RF
    • Radar
  • Automotive
    • Chemical Vapor Deposition Braking System
    • Electric Vehicle & Hybrid Electric Vehicles
    • Automobile Motor Drives
    • Rail Traction
  • Aerospace & Defense
    • Ships & Vessels
    • Combat Vehicles
    • Microwave Radiation
  • Healthcare
    • Biomedical Electronics
    • Implantable Medical Device

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s compound semiconductor market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email:

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