Global Compound Semiconductor Materials Market by Type (III-Vs, II-VIs, IV-IVs, Sapphire), By Application (Electrical And Electronic, Manufacturing, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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.
III-Vs (Gallium Arsenide):
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 (Indium Phosphide):
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.
IV-IVs (Germanium):
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:
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.
Electrical & Electronics:
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.
Manufacturing Sectors:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Compound Semiconductor Materials Market Report Segments:
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:
- Air Products And Chemicals
- Cree
- Dow Corning
- Galaxy Compound Semiconductors
- Momentive And Nichia
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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Compound Semiconductor Materials Market
Overview of the regional outlook of the Compound Semiconductor Materials Market:
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.
Highlights of The Compound Semiconductor Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Compound Semiconductor Materials Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. III-Vs
2. II-VIs
3. IV-IVs
4. Sapphire
7. By Application:1. Electrical And Electronic
2. Manufacturing
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Compound Semiconductor Materials Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compound Semiconductor Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compound Semiconductor Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compound Semiconductor Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compound Semiconductor Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compound Semiconductor Materials Market Size & Forecast, 2018-2028
4.5.1 Compound Semiconductor Materials Market Size and Y-o-Y Growth
4.5.2 Compound Semiconductor Materials Market Absolute $ Opportunity
Chapter 5 Global Compound Semiconductor Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Compound Semiconductor Materials Market Size Forecast by Type
5.2.1 III-Vs
5.2.2 II-VIs
5.2.3 IV-IVs
5.2.4 Sapphire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compound Semiconductor Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Compound Semiconductor Materials Market Size Forecast by Applications
6.2.1 Electrical And Electronic
6.2.2 Manufacturing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compound Semiconductor Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compound Semiconductor Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Compound Semiconductor Materials Analysis and Forecast
9.1 Introduction
9.2 North America Compound Semiconductor Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Compound Semiconductor Materials Market Size Forecast by Type
9.6.1 III-Vs
9.6.2 II-VIs
9.6.3 IV-IVs
9.6.4 Sapphire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Compound Semiconductor Materials Market Size Forecast by Applications
9.10.1 Electrical And Electronic
9.10.2 Manufacturing
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Compound Semiconductor Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Compound Semiconductor Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Compound Semiconductor Materials Market Size Forecast by Type
10.6.1 III-Vs
10.6.2 II-VIs
10.6.3 IV-IVs
10.6.4 Sapphire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Compound Semiconductor Materials Market Size Forecast by Applications
10.10.1 Electrical And Electronic
10.10.2 Manufacturing
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Compound Semiconductor Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compound Semiconductor Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Compound Semiconductor Materials Market Size Forecast by Type
11.6.1 III-Vs
11.6.2 II-VIs
11.6.3 IV-IVs
11.6.4 Sapphire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Compound Semiconductor Materials Market Size Forecast by Applications
11.10.1 Electrical And Electronic
11.10.2 Manufacturing
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Compound Semiconductor Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Compound Semiconductor Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Compound Semiconductor Materials Market Size Forecast by Type
12.6.1 III-Vs
12.6.2 II-VIs
12.6.3 IV-IVs
12.6.4 Sapphire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Compound Semiconductor Materials Market Size Forecast by Applications
12.10.1 Electrical And Electronic
12.10.2 Manufacturing
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Compound Semiconductor Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compound Semiconductor Materials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Compound Semiconductor Materials Market Size Forecast by Type
13.6.1 III-Vs
13.6.2 II-VIs
13.6.3 IV-IVs
13.6.4 Sapphire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Compound Semiconductor Materials Market Size Forecast by Applications
13.10.1 Electrical And Electronic
13.10.2 Manufacturing
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compound Semiconductor Materials Market: Competitive Dashboard
14.2 Global Compound Semiconductor Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Products And Chemicals
14.3.2 Cree
14.3.3 Dow Corning
14.3.4 Galaxy Compound Semiconductors
14.3.5 Momentive And Nichia