Compound Semiconductor Market Share Anticipated to Climb to USD 76.58 Billion by 2030

The Compound Semiconductor Market Share was valued at USD 40.57 billion in 2023 and is expected to hit USD 76.58 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.5% between 2023 and 2030. The growth can be attributed to the evolution of wireless communication technologies and a rise in demand for energy-efficient electronics.



Factors Impelling Market Demand & Scope for Growth

There are many reasons for the recent rapid growth in demand for compound semiconductors, but one of the biggest contributors is the rollout of 5G. Especially gallium nitride (GaN), gallium arsenide (GaAs) are very popular material types to they get use in the applications where high speed and/or high-frequency properties are important since their electron mobilities are relatively high. Such semiconductors play a crucial role in new generation Power Amplifiers and Radio Frequency (RF) transistors, and are critical for building efficient 5G infrastructure. The growing number of Internet of Things (IoT) devices, self-driving cars, and smart city projects are also driving the use of compound semiconductors.

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Segmentation Analysis

Based on type, compound semiconductor market is segmented as:

Market by Type: III-V, II-VI and IV-IV Compound Semiconductors III-V compounds are highly employed in opto-electronic devices and high frequency applications because of their high electron mobility and direct bandgap, such as GaN and GaAs.

by Product: This product segment includes power semiconductors, transistors, integrated circuits, diodes amongst others. Power electronics is increasingly utilizing various types of power semiconductors including silicon carbide (SiC) and gallium nitride (GaN), thanks to their improved efficiency and high-temperature performance.

by Application: It includes IT and telecommunication, automotive, consumer electronics, industrial, aerospace and defense, and healthcare. Due to the large number of compound semiconductors that are contained in communication devices and infrastructure, the IT and telecommunication sector is the largest segment. Even in the automotive industry, the adoption is on the rise, primarily due to the proliferation of EVs and advanced driver-assistance systems (ADAS).

Country-Level Analysis

US – Prolific investments in research and development are powering the U.S. compound semiconductor market. The domestic semiconductor manufacturing has been receiving a lot of government attention lately in the form of subsidies and various initiatives to increase its capabilities. For example, the U.S. Commerce Department has just finalized around $60 million in subsidies for companies ranging from BAE Systems to Rocket Lab to boost semiconductor chip production important for defense and space systems.

Germany: Compound semiconductors are becoming an integral part of EVs and ADAS in Germany, which established itself as one of the top leaders of automotive manufacturing. The place where these semiconductors are notably needed is the industrial automation and renewable energy regions owing to the focus of the country towards energy transition and Industry 4.0 initiatives.

China has a long history in semiconductor investment with a strong presence within the compound semiconductor market. Now, new complexities have come to the international supply chain due to recent limits on the exports of key semiconductor materials like gallium and germanium. The measures aimed principally at the U.S.—but which also indirectly harm other nations that are dependent on exports from China—will require companies to find alternative sourcing and production solutions.

Japan: Having increasingly relied on China for parts and materials in its electronics and automotive industries, Japan has nonetheless expressed displeasure with China's purported export restrictions on semiconductor materials. The nation is searching for other providers and boost its production capacity to prevent disruptions in the supply process.

South Korea, a leader in electronics and semiconductor production, is also investing heavily in compound semiconductor technologies to retain its leadership position. Its applications range from 5G infrastructure to consumer electronics to automotive applications among others — prioritised by the country.

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Competitor Analysis

Market Analysis of Compound Semiconductor Market is studied from the foreseen years which consists an analysis of the players operating in this sphere while functioning over technology advancement and also competing for the market share. Notable companies include:

Qorvo, Inc. is a US company that specializes in RF solutions & has been broadening its scope to fulfil the demand from 5G and IoT applications.

Infineon: Specialising in power semiconductors with a strong emphasis on energy efficient technologies in automotive, industrial and consumer markets.

Taiwan Semiconductor Manufacturing Company Limited (TSMC): TSMC is a large semiconductor foundry using modern compound semiconductor manufacturing technologies for a variety of applications.

Samsung Electronics Co., Ltd. — Samsung is expanding its compound semiconductor manufacturing for memory and logic chips to enable next-generation technology.

NXP Semiconductors: NXP provides various compound semiconductor solution products for automotive, communication infrastructure, and industrial applications.

The recent ASE Technology Holding expansion in Penang, Malaysia highlights the recent trend of global semiconductor manufacturing moving to Southeast Asia as global trade tensions continue to rise.

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Conclusion

Counted among most efficient, growth markets ahead compound semiconductor firmly on path to new heights due technological advancement in wireless communications, need of energy-efficient electronics, compounding support-investments from industry leaders. With industries around the world accelerating their transitions, compound semiconductors will expand due to their increased performance and environmental efficiency in a wider range of applications.

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