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Compound Semiconductor Market Segmented By type such as Gallium arsenide (GaAs), Gallium nitride (GaN), Silicon carbide (SiC) used in Information and Communication Technology, Aerospace And Defense, Industrial, Consumer Electronics, Automotive, Healthcare.
The compound semiconductor formed by linking two or more elements of the different or same group of the periodic table. Due to increasing demand for application in electronic and mobile devices, it has remarkable growth in the past few years. The compound semiconductor manufactured by using deposition technologies which include chemical vapor deposition, atomic layer deposition, and others.
Compound semiconductor possesses unique properties such as high high-temperature resistance, enhanced frequency, high band gap and faster operation and optoelectronic features are some of the key advantages boosting the demand of compound semiconductors in the upcoming years.
Many vendors are focusing on technological advancement in compound semiconductor products and by designing application-specific products at reasonable prices. Additionally, they are also making huge investments to increase the production to reduce the manufacturing expense and to overcome the challenges in manufacturing plants.
Due to features such as less power consumption, reduction in heat dissipation low price is some of the key factors which are expected to contribute to the growth of compound semiconductor market.
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Rising adoption of smartphones and penetration of internet will increase the demand for smartphones, which will consequently drive the growth of the compound semiconductor market. Also increasing adoption of LEDs in consumer electronics is expected to boost growth of this compound semiconductor market
Compatibility issues with respects to high-end materials such as silicon may hamper the growth of compound semiconductor market.
The increase in industrial automation and rising number of mobile devices as it drives the growth of Gallium arsenide components which is the latest trends that will gain traction in the compound semiconductor market in the upcoming years.
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Few prominent players in Compound Semiconductor market include LM Ericsson Telefon AB, Sumitomo Electric Industries, Taiwan Semiconductor Manufacturing Company Ltd., Broadcom, NXP Semiconductors Skyworks Solutions, Cree Inc., Qorvo, IQE PLC and Freescale Semiconductor Inc., etc.
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Asia Pacific region is expected to increase rapidly due to industrial development and urbanization, especially in emerging markets such as India, China, and South Korea. Due to the increasing demand for power applications and industrial automation, the compound semiconductor market is expected to grow significantly. Additionally, the rising demand in consumer electronics will also boost the growth of the compound semiconductor market in this region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
