Semiconductors are apart from silicon, there are compound semiconductors that combine Group III and V elements and Group II and VI elements. For example, GaAs, InP, InGaAlP, etc. have been conventionally used for high-frequency devices and optical devices. Silicon (Si), germanium (Ge) and gallium arsenide (GaAs), these are some semiconductors materials. The semiconductor materials are either elementary such as silicon and germanium or compound such as gallium arsenide. Compound semiconductors are used in power amplifiers for smartphones and other wireless devices, light sources for DVDs and Blu-rays, LEDs, solar batteries, and solar cells and gyro stabilizers in satellites, and others.
Compound Semiconductor Materials Market: Key Players
The research study includes profiles of leading companies operating in the global Compound Semiconductor Materials market. Key players profiled in the report include: Cree Inc., Nichia Corporation, Samsung Electronics, Qorvo, NXP Semiconductor N.V., Taiwan Semiconductor Manufacturing Company Ltd., Renesas Electronics Corporation, Texas Instruments Inc., STMicroelectronics NV, Infineon Technologies AG, and others.
Latest News regarding major key players
Drivers for the Global Compound Semiconductor Materials Market:
Increasing product use in various electronic applications, including electronic film coatings, electronic wafer, and integrated circuits, growing industrialization, increase in data transactions these are the driving factors for the global compound semiconductor materials market.
Opportunities for the Global Compound Semiconductor Materials Market:
Similarly, increasing usage of compound semiconductor materials in scientific applications, such as rocket coatings and jumpsuit coatings, growing electronics manufacturing sector creates the huge opportunity for the global compound semiconductor materials in forecast period.
Restrains for the Global Compound Semiconductor Materials Market:
But, on another side increasing threat of substitution materials and their low production cost as compared to other compound semiconductor materials, also growing market competition. In addition, high material and fabrication costs associated with compound semiconductors hamper the overall growth of the global compound semiconductor materials market.
Region Wise, Global Compound Semiconductor Materials Market Analysis:
Report covers the region wise analysis, global compound semiconductor materials can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global compound semiconductor materials share due to rising demand for compound semiconductor material devices in various industries, such as telecommunication, automotive, military, aerospace, defense in Asian countries such as China, Japan, Taiwan, the Philippines, and India. Along with that, increasing development for commercialization of 5G services in Asian countries. Asia Pacific region is followed by North America and Europe.
Covid-19: Impact and Recovery Analysis for Global Compound Semiconductor Materials Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Compound Semiconductor Materials market globally. Due to COVID-19 pandemics there are having large impact on both the consumer and the economy. Various electronics manufacturing hubs have been temporarily shut down, it is majorly affected the supply chain of semiconductor market by creating shortages of materials, components, and finished goods. Also, the prices of semiconductor components have increased by 2-3%, owing to shortage of supplies.
Global Compound Semiconductor Materials Market: Product analysis
- Group IV-IV
- Group III-V
- Group II-VI
Global Compound Semiconductor Materials Market: Application analysis
- IT & Telecom
- Industrial and Energy & Power
- Aerospace & Defense
- Consumer Electronics
Global Compound Semiconductor Materials Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East