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The compound semiconductor market is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a CAGR of 7.3%NEW YORK, March 11, 2019 /PRNewswire/ -- High adoption of compound semiconductors by leading manufacturers to drive overall growth of compound semiconductor market Automotive is the fastest growing application for SiC power devices including growth for segments such as charging infrastructure and EV/HEV. Increasing adoption of EV/EHV is driven by factors such as favorable government policies and subsidies, heavy investments from automakers in EVs, growing concern about environmental pollution, and increased vehicle range per charge. China is among the most important countries for the growth of the EV market. Hence, the growth of the EV market opens doors for GaN and SiC power electronics, which further provides opportunities for SiC and GaN players. APAC to record highest growth rate during forecast period APAC is the leading market for compound semiconductors.APAC has become a global focal point for large investments and business expansions, thereby providing opportunities for compound semiconductors in consumer devices, general lighting, and commercial applications. Growing adoption of compound semiconductor telecommunications and lighting devices in this region would lead to high demand for compound semiconductors.From the industry perspective, APAC has high growth in industry activities in terms of growing number of foundries, wafer, and fabrication, assembly, testing, and packaging facilities in several Asian countries such as China, Taiwan, and South Korea. Telecommunication and general lighting applications currently dominate the market in APAC; however, power supply and automotive are the fastest growing application for the compound semiconductor market in APAC. In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the compound semiconductor marketplace. • By Company Type, Tier 1 = 50%, Tier 2 = 29%, and Tier 3 = 21% • By Designation, C-Level Executives = 62%, Directors = 25%, and Others = 13% • By Region, North America = 33%, Europe = 12%, APAC = 45%, and RoW = 10% The compound semiconductor market comprises major players, namely, Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), Efficient Power Conversion (US), Lumentum (US), NeoPhotonics (US), San'an Optoelectronics (China), and STMicroelectronics (Switzerland). The study includes an in-depth competitive analysis of these key players in the compound semiconductor market, with their company profiles, recent developments, and key market strategies. Research Coverage The report defines, describes, and forecasts the compound semiconductor market based on type, product, application, and geography.It provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the compound semiconductor market. It also analyzes the competitive developments such as collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market. Key Benefits of Buying the Report The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall compound semiconductor market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05751079 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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