Global Compound Semiconductor Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 11.3% - ResearchAndMarkets.com
Jun. 06, 2018
DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The "Compound Semiconductor Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global compound semiconductor market was valued at $66,623 million in 2016, and is expected to reach $142,586 million by 2023, registering a CAGR of 11.3% from 2017 to 2023.
Compound semiconductors, such as GaN and SiC, comprises two or more elements of the periodic table, and are synthesized using deposition technologies. The devices manufactured using semiconductors form essential components of most electronic circuits, , as they possess unique properties such as, wide bandgap, high operational temperatures, high current & voltage holding capacity, and ability to generate microwave signals.
The global compound semiconductor market is driven by widespread applications of gallium nitride electronics and rise in demand for different automotive electronics in the Asia-Pacific region. Moreover, increase in demand for optoelectronics devices & wireless communication technologies and rise in adoption of photovoltaics boost the market growth. In addition, evolution of compound semiconductor compliant technology & products in the Asia-Pacific region and increase in volume of data transactions drive the market growth. However, rise in compatibility issues related to high-end materials, such as silicon, restrains the market growth. Conversely, increase in use of GaN in smart grid as compared to traditional silicon semiconductors is expected to provide growth opportunities for the market.
Key Players:Cree Inc. International Quantum Epitaxy Plc. Freescale Semiconductor Inc. LM Ericsson Telefon AB Taiwan Semiconductor Manufacturing Company Ltd. Renesas Electronics Corporation Texas Instruments, Inc. STMicroelectronics NV Infineon Technologies AG Toshiba Corporation
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Compound Semiconductor Market, By Type
5. Compound Semiconductor Market, By Deposition Technology
6. Compound Semiconductor Market, By Product
7. Compound Semiconductor Market, By Application
8. Compound Semiconductor Market, By Geography
9. Company Profile
For more information about this report visit https://www.researchandmarkets.com/research/9tn4w2/global_compound?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005631/en/
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INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
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PUB: 06/06/2018 07:40 AM/DISC: 06/06/2018 07:40 AM