The Global Compound Semiconductor Materials Market size is projected to grow at a CAGR of 6.1% during the forecast period from 2021-2028. This growth can be attributed to the demand for these materials in various applications such as electrical and electronic, manufacturing, and others. The addition of new technologies also increases the adoption rate of III-V compounds semiconductors, which in turn will create opportunities for this market over the forecast period.
Compound Semiconductor Materials can be defined as a material composed of two or more elements, at least one electrical conductor, and at least one semiconductor. Compound semiconductors are important in the field of the electronics industry because they can be used to manufacture electronic components with varied properties for various applications such as LEDs (Light Emitting Diodes) in displays, laser diodes, and solar cells.
On the basis of Type, the market is segmented into III-Vs (Gallium Arsenide), II-VIs (Indium Phosphide), IV-IVs (Germanium), Sapphire.
Gallium arsenide (GaAs) is a compound semiconductor with an electron band gap of 0.25 eV. It can be used in infrared, visible, and near-infrared light-emitting diodes and laser devices as well as photovoltaic cells that convert solar radiation into electricity. Gallium arsenide (GaAs) can be used in infrared, visible, and near-infrared light-emitting diodes as well as laser devices. GaAs are also a material of choice for solar cells.
III-Vs are primarily used in the manufacture of lasers or other high-power optical sources that emit intense coherent radiation at specific wavelengths over large distances. III-Vs usually operate on electrical energy which has been converted into an electromagnetic wave by means of some initial source such as a heated filament lamp, electron beam, or array of semiconductor crystals called quantum wells. II-VIs materials like silicon carbide (SiC), gallium nitride (GaN), and indium phosphide (InP) have replaced III-Vs in some applications.
II-VIs is one of the compound semiconductor materials. It has a crystal structure similar to silicon, but it also includes indium and phosphorous atoms among other elements. The best-known example of this material is gallium arsenide (GaAs). In comparison to III-Vs or II-VI compounds, GaAs transistors are more reliable because they do not emit as much heat when conducting electricity. This property makes them ideal for circuits that have to work at very high temperatures such as in spacecraft systems and electronics deployed on Earth's surface near volcanoes or hydrothermal vents underwater.
It is a compound semiconductor material, and it has an electron mobility of 60 cm^-²/Vs. It also offers excellent heat capacity for its size, which makes it suitable for microwave devices. Some of the uses of this material include microwave devices, high-frequency electronics, and infrared detectors.
Sapphire is a crystalline form of the mineral corundum. It has excellent mechanical and chemical resistance properties, which makes it an ideal material for use in semiconductor devices such as transistors or diodes. Sapphire can be manufactured into layers less than 300 nanometers thin to produce new types of optical coatings with exceptional qualities that allow light to pass through without being scattered (i.e., increased transparency).
These benefits have led to its adoption by various industries including electronics and optics sectors where high-performance materials are required. However, there is limited production capacity globally for sapphire wafers used in these applications due to environmental concerns related to mining natural resources associated with this type of manufacturing process.
On the basis of Application, the market is segmented into Electrical & Electronics and Manufacturing sectors with electricals accounting for over 50% share in 2017.
Compound semiconductor materials are widely used in the electrical and electronic industries. For example, III-V compounds can be utilized to create transistors for integrated circuits (ICs). Compounds such as gallium arsenide can provide a wider bandgap than silicon dioxide which allows IC manufacturers to use less energy when switching these devices on or off. One of the most popular examples is GaAs MESFET, whose design was pioneered by Bell Labs scientists including Gerald Pearson and Jean Hoerni with contributions from John Ralls. In addition, II-VI compound semiconductors have been designed into light-emitting diodes (LED) for their higher efficiency than other device types.
In the manufacture of components for these industries, it is necessary to use compound semiconductors like silicon carbide (SiC), gallium arsenide (GaAs), and indium phosphides as they provide increased performance over traditional metal-based devices such as resistors or capacitors. These compound semiconductors have a wide range of properties that can be altered by changing their composition with other substances which makes them an indispensable part of electronics one type being semi-conducting material. SiC has been at the forefront of recent innovation within this field due to its high degree of operational stability when exposed to extreme temperatures.
On the basis of Region, the market is segmented into North America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific market is the fastest-growing region in terms of Compound Semiconductor Materials Consumption. This growth is attributed to various factors such as increasing demand for electrical and electronic devices, high economic growth rates, favorable climate conditions, presence of key players from different countries which are investing heavily to develop new technology with their strong manufacturing capability.
Europe accounted for the second-largest share of Compound Semiconductor Material Market by Region followed closely by Asia-Pacific and Middle East & Africa markets. The U.K., Germany, and France are major contributors to this regions market size due to their advanced technological development and stable industrial infrastructure, which drives compound semiconductors consumption across all sectors.
Up Market Research published a new report titled “Compound Semiconductor Materials Market research report which is segmented by Types (III-Vs, II-VIs, IV-IVs, Sapphire), By Applications (Electrical And Electronic, Manufacturing, Others), By Players/Companies Air Products And Chemicals, Cree, Dow Corning, Galaxy Compound Semiconductors, Momentive And Nichia”.
|Report Attributes||Report Details|
|Report Title||Compound Semiconductor Materials Market Research Report|
|By Type||III-Vs, II-VIs, IV-IVs, Sapphire|
|By Application||Electrical And Electronic, Manufacturing, Others|
|By Companies||Air Products And Chemicals, Cree, Dow Corning, Galaxy Compound Semiconductors, Momentive And Nichia|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||209|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type III-Vs, II-VIs, IV-IVs, Sapphire and By Application Electrical And Electronic, Manufacturing, Others.
Some of the companies that are profiled in this report are:
Compound Semiconductor Materials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Compound Semiconductor Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Compound Semiconductor Materials Market Report:
Some other reports from this category!