Global Compound Semiconductor Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028

Compound Semiconductor Market 2028

The global Compound Semiconductor market size was valued at US$ 38.25 billion in 2021 and is forecast to be a readjusted size of US$ 55.42 billion by 2028 with a CAGR of 5.48% during the forecast period 2022-2028. The rising demand for SiC devices in power electronics and the continued development of technologies in the GaN ecosystem are two reasons for boosting the compound semiconductor market's growth.

Data centers and Light Emitting Diodes increasingly use compound semiconductors (LEDs). This element will fuel the Compound Semiconductor market even more.

Compound Semiconductor Market Trends

Compound semiconductors are increasingly being used in light-emitting diodes, which is one of the primary factors driving the compound semiconductor market's rise (LEDs). LEDs are taking the place of halogen bulbs and other conventional illumination sources. Both domestic and commercial settings have a great need for fluorescent and incandescent lighting. Additionally, because they offer brighter illumination than conventional lighting, LEDs are frequently used in the automotive industry. The market for compound semiconductors is anticipated to benefit from the rising popularity of LED lighting.

In order to deliver and receive communications, transceivers are widely employed in data centers. Transceivers use compound semiconductors to boost their speed. Rising demand for high-speed transceivers is anticipated to fuel compound semiconductor market expansion in the ensuing years. The smartphone is also the main user of compound semiconductors. The smartphone market has experienced fierce rivalry in recent years. Additionally, it is anticipated that the growing use of mobile phones will drive the global Compound Semiconductor market for compound semiconductors.

SiC devices outperform silicon-based ones in terms of breakdown electric field strength and thermal conductivity by a factor of three and ten, respectively. This property reduces the device's complexity and cost, improves dependability, and makes it possible to employ it in a range of high-voltage applications, such as solar inverters, power supply, and wind turbines. Because of the growing demand for power electronics, the market for SiC power devices is growing. Power electronics allow for the effective and efficient conversion and control of electrical power. Because of the increasing need for power electronics in industries including aircraft, medical, and defense, SiC power devices are being employed more frequently. This element is anticipated to fuel the demand for compound semiconductors.

5G wireless base station technology must be effective, performant, and cost-effective. GaN solutions are essential in delivering these attributes. GaN-on-SiC outperforms Laterally Diffused Metal-Oxide Semiconductors in terms of performance and efficiency for 5G base stations. Additional benefits of GaN-on-SiC include increased thermal conductivity, strong robustness and reliability, improved efficiency at higher frequencies, and comparable performance in a smaller MIMO array. GaN is expected to enhance the network's power amplifiers for every transmission cell, which could have a significant impact on the rollout of fifth-generation (5G) networks.

A number of emerging technologies, including the Internet of Things, artificial intelligence, and machine learning are also being adopted, which is boosting the demand for high-speed semiconductor devices and favorably affecting the growth of the compound semiconductor market.

Compound Semiconductor Market Share Analysis

Japan is the main producer of compound semiconductors, with a roughly 25% global market share. With 20%, North America came in second.

With a combined market share of almost 40%, the top five producers in the industry are Sumitomo Electric Industries, SCIOCS, Mitsubishi Chemical, Dow Corning, and Shin-Etsu Chemical.

GaN compound semiconductors are anticipated to be the most profitable variety. GaN's high breakdown voltage and low conduction resistance features enable high-speed switching and device downsizing. GaN devices can be easily shrunk and are small (low parasitic capacitance), enabling high-speed switching, high electron mobility, and both. GaN devices can be easily downsized in comparison to traditional silicon devices, which require a larger chip area to reduce on-resistance.

Optoelectronics will experience a large increase during the forecast period. Recent advancements in the field, such as plasmonic nanostructures, perovskite transistors, optically active quantum dots, microscopic light bulbs, low-cost 3D imaging, laser-powered 3D display technology, and Laser Li-Fi, are predicted to cause a quantum shift in the dynamic applicability areas of optoelectronic apparatus.

Segment by Company

• IQE PLC
• Sumitomo Electric Industries
• SCIOCS
• Mitsubishi Chemical
• San’an Optoelectronics
• DuPont
• Shin-Etsu Chemical
• DOWA
• Freiberger
• JX Nippon Mining & Metals

Product Type Insights

Global markets are presented by Compound Semiconductor type, along with growth forecasts through 2028. Estimates on sales and revenue are based on the price in the supply chain at which the Compound Semiconductor are procured by the manufacturers.

This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows sales and revenue data by type, and during the historical period (2017-2022) and forecast period (2023-2028).

Segment by Type

• Gallium Arsenide (GaAs)
• Gallium Nitride (GaN)
• Silicon Carbide (SiC)
• Others

Application Insights

This report has provided the market size (sales and revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).

This report also outlines the market trends of each segment and consumer behaviors impacting the Compound Semiconductor market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Compound Semiconductor market.

Segment by Application

• Electronic Components
• Photonic Device
• Optoelectronic Devices
• Integrated Circuit

Insights Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2022 and forecast revenue for 2028.

Segment by Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Compound Semiconductor Market Scope

List of Tables

Table 1. Global Compound Semiconductor Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028

Table 2. Major Manufacturers of Gallium Arsenide (GaAs)

Table 3. Major Manufacturers of Gallium Nitride (GaN)

Table 4. Major Manufacturers of Silicon Carbide (SiC)

Table 5. Major Manufacturers of Others

Table 6. Global Compound Semiconductor Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028

Table 7. Global Compound Semiconductor Market Size by Region (US$ Million): 2021 VS 2022 VS 2028

Table 8. Global Compound Semiconductor Sales by Region (2017-2022) & (K Units)

Table 9. Global Compound Semiconductor Sales Forecast by Region (2023-2028) & (K Units)

Table 10. Global Compound Semiconductor Revenue by Region (2017-2022) & (US$ Million)

Table 11. Global Compound Semiconductor Revenue Forecast by Region (2023-2028) & (US$ Million)

Table 12. Global Compound Semiconductor Sales by Manufacturer (2017-2022) & (K Units)

Table 13. Global Compound Semiconductor Sales Share by Manufacturer (2017-2022)

Table 14. Compound Semiconductor Revenue by Manufacturer (2017-2022) & (US$ Million)

Table 15. Compound Semiconductor Revenue Share by Manufacturer (2017-2022)

Table 16. Key Manufacturers Compound Semiconductor Price (2017-2022) & (USD/Unit)

Table 17. Ranking of Global Top Compound Semiconductor Manufacturers by Revenue (US$ Million) in 2021

Table 18. Global Compound Semiconductor Manufacturers Market Concentration Ratio (CR5 and HHI) & (2017-2022)

Table 19. Global Compound Semiconductor by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Compound Semiconductor as of 2021)

Table 20. Compound Semiconductor Manufacturers Manufacturing Base Distribution and Headquarters

Table 21. Manufacturers Compound Semiconductor Product Type

Table 22. Date of International Manufacturers Enter into Compound Semiconductor Market

Table 23. Manufacturers Mergers & Acquisitions, Expansion Plans

Table 24. IQE PLC Corporation Information

Table 25. IQE PLC Description and Business Overview

Table 26. IQE PLC Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 27. IQE PLC Compound Semiconductor Product

Table 28. IQE PLC Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 29. IQE PLC Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 30. IQE PLC Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 31. IQE PLC Recent Development

Table 32. Sumitomo Electric Industries Corporation Information

Table 33. Sumitomo Electric Industries Description and Business Overview

Table 34. Sumitomo Electric Industries Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 35. Sumitomo Electric Industries Compound Semiconductor Product

Table 36. Sumitomo Electric Industries Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 37. Sumitomo Electric Industries Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 38. Sumitomo Electric Industries Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 39. Sumitomo Electric Industries Recent Development

Table 40. SCIOCS Corporation Information

Table 41. SCIOCS Description and Business Overview

Table 42. SCIOCS Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 43. SCIOCS Compound Semiconductor Product

Table 44. SCIOCS Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 45. SCIOCS Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 46. SCIOCS Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 47. SCIOCS Recent Development

Table 48. Mitsubishi Chemical Corporation Information

Table 49. Mitsubishi Chemical Description and Business Overview

Table 50. Mitsubishi Chemical Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 51. Mitsubishi Chemical Compound Semiconductor Product

Table 52. Mitsubishi Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 53. Mitsubishi Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 54. Mitsubishi Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 55. Mitsubishi Chemical Recent Development

Table 56. San’an Optoelectronics Corporation Information

Table 57. San’an Optoelectronics Description and Business Overview

Table 58. San’an Optoelectronics Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 59. San’an Optoelectronics Compound Semiconductor Product

Table 60. San’an Optoelectronics Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 61. San’an Optoelectronics Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 62. San’an Optoelectronics Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 63. San’an Optoelectronics Recent Development

Table 64. DuPont Corporation Information

Table 65. DuPont Description and Business Overview

Table 66. DuPont Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 67. DuPont Compound Semiconductor Product

Table 68. DuPont Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 69. DuPont Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 70. DuPont Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 71. Shin-Etsu Chemical Corporation Information

Table 72. Shin-Etsu Chemical Description and Business Overview

Table 73. Shin-Etsu Chemical Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 74. Shin-Etsu Chemical Compound Semiconductor Product

Table 75. Shin-Etsu Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 76. Shin-Etsu Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 77. Shin-Etsu Chemical Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 78. DOWA Corporation Information

Table 79. DOWA Description and Business Overview

Table 80. DOWA Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 81. DOWA Compound Semiconductor Product

Table 82. DOWA Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 83. DOWA Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 84. DOWA Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 85. Freiberger Corporation Information

Table 86. Freiberger Description and Business Overview

Table 87. Freiberger Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 88. Freiberger Compound Semiconductor Product

Table 89. Freiberger Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 90. Freiberger Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 91. Freiberger Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 92. JX Nippon Mining & Metals Corporation Information

Table 93. JX Nippon Mining & Metals Description and Business Overview

Table 94. JX Nippon Mining & Metals Compound Semiconductor Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2017-2022)

Table 95. JX Nippon Mining & Metals Compound Semiconductor Product

Table 96. JX Nippon Mining & Metals Compound Semiconductor Sales Proportion of Compound Semiconductor by Product in 2021

Table 97. JX Nippon Mining & Metals Compound Semiconductor Sales Proportion of Compound Semiconductor by Application in 2021

Table 98. JX Nippon Mining & Metals Compound Semiconductor Sales Proportion of Compound Semiconductor by Geographic Area in 2021

Table 99. Global Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 100. Global Compound Semiconductor Sales Forecast by Type (2023-2028) & (K Units)

Table 101. Global Compound Semiconductor Revenue by Type (2017-2022) & (US$ Million)

Table 102. Global Compound Semiconductor Revenue Forecast by Type (2023-2028) & (US$ Million)

Table 103. Global Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 104. Global Compound Semiconductor Sales Forecast by Application (2023-2028) & (K Units)

Table 105. Global Compound Semiconductor Revenue by Application (2017-2022) & (US$ Million)

Table 106. Global Compound Semiconductor Revenue Forecast by Application (2023-2028) & (US$ Million)

Table 107. North America Compound Semiconductor Sales by Country (2017-2022) & (K Units)

Table 108. North America Compound Semiconductor Sales by Country (2023-2028) & (K Units)

Table 109. North America Compound Semiconductor Revenue by Country (2017-2022) & (US$ Million)

Table 110. North America Compound Semiconductor Revenue by Country (2023-2028) & (US$ Million)

Table 111. North America Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 112. North America Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 113. Asia-Pacific Compound Semiconductor Sales by Region (2017-2022) & (K Units)

Table 114. Asia-Pacific Compound Semiconductor Sales by Region (2023-2028) & (K Units)

Table 115. Asia-Pacific Compound Semiconductor Revenue by Region (2017-2028) & (US$ Million)

Table 116. Asia-Pacific Compound Semiconductor Revenue by Region (2023-2028) & (US$ Million)

Table 117. Asia-Pacific Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 118. Asia-Pacific Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 119. Europe Compound Semiconductor Sales by Country (2017-2022) & (K Units)

Table 120. Europe Compound Semiconductor Sales by Country (2023-2028) & (K Units)

Table 121. Europe Compound Semiconductor Revenue by Country (2017-2022) & (US$ Million)

Table 122. Europe Compound Semiconductor Revenue by Country (2023-2028) & (US$ Million)

Table 123. Europe Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 124. Europe Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 125. Latin America Compound Semiconductor Sales by Country (2017-2022) & (K Units)

Table 126. Latin America Compound Semiconductor Sales by Country (2023-2028) & (K Units)

Table 127. Latin America Compound Semiconductor Revenue by Country (2017-2022) & (US$ Million)

Table 128. Latin America Compound Semiconductor Revenue by Country (2023-2028) & (US$ Million)

Table 129. Latin America Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 130. Latin America Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 131. Middle East and Africa Compound Semiconductor Sales by Country (2017-2022) & (K Units)

Table 132. Middle East and Africa Compound Semiconductor Sales by Country (2023-2028) & (K Units)

Table 133. Middle East and Africa Compound Semiconductor Revenue by Country (2017-2022) & (US$ Million)

Table 134. Middle East and Africa Compound Semiconductor Revenue by Country (2023-2028) & (US$ Million)

Table 135. Middle East and Africa Compound Semiconductor Sales by Type (2017-2022) & (K Units)

Table 136. Middle East and Africa Compound Semiconductor Sales by Application (2017-2022) & (K Units)

Table 137. Compound Semiconductor Key Raw Materials, Industry Status and Trend

Table 138. Compound Semiconductor Key Raw Materials and Upstream Suppliers

Table 139. Compound Semiconductor Clients Status and Trend

Table 140. Compound Semiconductor Typical Clients

Table 141. Compound Semiconductor Distributors

Table 142. Compound Semiconductor Market Trends

Table 143. Compound Semiconductor Market Drivers

Table 144. Compound Semiconductor Market Challenges

Table 145. Compound Semiconductor Market Restraints

Table 146. Research Programs/Design for This Report

Table 147. Key Data Information from Secondary Sources

Table 148. Key Data Information from Primary Sources

List of Figures

Figure 1. Compound Semiconductor Product Picture

Figure 2. Global Compound Semiconductor Sales Market Share by Type in 2021 & 2028

Figure 3. Gallium Arsenide (GaAs) Product Picture

Figure 4. Gallium Nitride (GaN) Product Picture

Figure 5. Silicon Carbide (SiC) Product Picture

Figure 6. Others Product Picture

Figure 7. Global Compound Semiconductor Sales Market Share by Application in 2021 & 2028

Figure 8. Electronic Components Examples

Figure 9. Photonic Device Examples

Figure 10. Optoelectronic Devices Examples

Figure 11. Integrated Circuit Examples

Figure 12. Compound Semiconductor Report Years Considered

Figure 13. Global Compound Semiconductor Market Size, (US$ Million), 2017 VS 2021 VS 2028

Figure 14. Global Compound Semiconductor Market Size 2017-2028 (US$ Million)

Figure 15. Global Compound Semiconductor Sales 2017-2028 (K Units)

Figure 16. Global Compound Semiconductor Market Size Market Share by Region: 2022 Versus 2028

Figure 17. Global Compound Semiconductor Sales Market Share Forecast by Region (2017-2028)

Figure 18. Global Compound Semiconductor Revenue Market Share by Region (2017-2028)

Figure 19. Global Compound Semiconductor Sales Share by Manufacturer in 2021

Figure 20. Compound Semiconductor Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2017 VS 2021

Figure 21. Global Compound Semiconductor Sales Market Share Forecast by Type (2017-2028)

Figure 22. Global Compound Semiconductor Revenue Market Share Forecast by Type (2017-2028)

Figure 23. Compound Semiconductor Average Selling Price (ASP) by Type (2017-2022) & (USD/Unit)

Figure 24. Global Compound Semiconductor Sales Market Share Forecast by Application (2017-2028)

Figure 25. Global Compound Semiconductor Revenue Market Share Forecast by Application (2017-2028)

Figure 26. Compound Semiconductor Average Selling Price (ASP) by Application (2017-2022) & (USD/Unit)

Figure 27. North America Compound Semiconductor Revenue 2017-2028 (US$ Million)

Figure 28. North America Compound Semiconductor Sales Market Share by Type (2017-2022)

Figure 29. North America Compound Semiconductor Sales Market Share by Application (2017-2022)

Figure 30. Asia-Pacific Compound Semiconductor Revenue 2017-2028 (US$ Million)

Figure 31. Asia-Pacific Compound Semiconductor Sales Market Share by Region (2017-2028)

Figure 32. Asia-Pacific Compound Semiconductor Revenue Market Share by Region (2017-2028)

Figure 33. Asia-Pacific Compound Semiconductor Sales Market Share by Type (2017-2022)

Figure 34. Asia-Pacific Compound Semiconductor Sales Market Share by Application (2017-2022)

Figure 35. Europe Compound Semiconductor Revenue Growth Rate 2017-2028 (US$ Million)

Figure 36. Europe Compound Semiconductor Sales Market Share by Country (2017-2028)

Figure 37. Europe Compound Semiconductor Revenue Market Share by Country (2017-2028)

Figure 38. Europe Compound Semiconductor Sales Market Share by Type (2017-2022)

Figure 39. Europe Compound Semiconductor Sales Market Share by Application (2017-2022)

Figure 40. Latin America Compound Semiconductor Revenue Growth Rate 2017-2028 (US$ Million)

Figure 41. Latin America Compound Semiconductor Sales Market Share by Country (2017-2028)

Figure 42. Latin America Compound Semiconductor Revenue Market Share by Country (2017-2022)

Figure 43. Latin America Compound Semiconductor Sales Market Share by Type (2017-2022)

Figure 44. Latin America Compound Semiconductor Sales Market Share by Application (2017-2022)

Figure 45. Middle East and Africa Compound Semiconductor Revenue Growth Rate 2017-2028 (US$ Million)

Figure 46. Middle East and Africa Compound Semiconductor Sales Market Share by Country (2017-2028)

Figure 47. Middle East and Africa Compound Semiconductor Revenue Market Share by Country (2017-2028)

Figure 48. Middle East and Africa Compound Semiconductor Sales Market Share by Type (2017-2022)

Figure 49. Middle East and Africa Compound Semiconductor Sales Market Share by Application (2017-2022)

Figure 50. Compound Semiconductor Supply Chain (Upstream and Downstream Market)

Figure 51. Global Production Market Share of Compound Semiconductor Raw Materials by Region in 2021

Figure 52. Compound Semiconductor Distribution Channels

Figure 53. Global Compound Semiconductor Percentage 2017-2028: Indirect Sales VS Direct Sales

Figure 54. Global Compound Semiconductor Percentage 2017-2028: Online Sales VS Offline Sales

Figure 55. Bottom-up and Top-down Approaches for This Report

Figure 56. Data Triangulation