Elettronica
Compound Semiconductor Market Worth $55.8 billion by 2027 - Exclusive Report by MarketsandMarkets™
GaN is used in various applications, such as power drives, radio frequency, lighting and lasers, and supplies and inverters, which can be adopted in different verticals, including automotive, telecommunications, consumer display and devices, military, defense and aerospace, and datacom. One of the other major driving factors for the GaN material is the massive demand from the RF semiconductor device industry. The RF industry started its quest for alternate semiconductor materials. Owing to its ability to deliver high power amplification at high-frequency ranges, GaN semiconductor devices penetrated the RF power semiconductor device industry, bolstering its growth.
The growth of telecommunication application is driven by increasing demand for RF devices. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, it is necessary to use a power amplifier manufactured with a compound semiconductor technology, which is expected to drive market growth during the forecast period. Skyworks Solutions, Inc. focuses on launching RF-based devices, planning to conquer the opportunities in the telecommunications sector. Similarly, NXP Semiconductors N.V. plans to invest in 5G and wireless infrastructure markets with its leadership in GaN, LDMOS, and 5G mm-Wave.
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The market in North America is expected to grow at the second highest CAGR during the forecast period. The growing electric and hybrid vehicle market in North America is expected to support the growth of the compound semiconductor market. North America is a regional hub for many renowned OEMs that deliver quality and high-performance vehicles. OEMs in North America , such as Tesla and GM, focus on developing faster, cleaner, and high-performance electric vehicles
Nichia Corporation ( Japan ), Samsung Electronics Co., Ltd. ( South Korea ), ams OSRAM AG ( Austria ), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems ( Japan ), Canon Inc. ( Canada ), Infineon Technologies AG ( Germany ), Mitsubishi Electric Corporation ( Japan ), are some of the key players in the compound semiconductor market.
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