COVID-19 Impacts: Compound Semiconductor Market Will Accelerate at a CAGR of Over 6% Through 2020-2024 | Demand for Enhanced Power Density to Boost Growth | Technavio
Technavio has been monitoring the compound semiconductor market and it is poised to grow by USD 11.74 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Compound Semiconductor Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Cree Inc., Infineon Technologies AG, Nichia Corp., NXP Semiconductors NV, Qorvo Inc., Samsung (News - Alert) Electronics Co. Ltd., Skyworks Solutions Inc., STMicroelectronics NV, and Texas Instruments Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for enhanced power density has been instrumental in driving the growth of the market. However, high production costs might hamper the market growth.
Compound Semiconductor Market 2020-2024: Segmentation
Compound Semiconductor Market is segmented as below:
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Compound Semiconductor Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our compound semiconductor market report covers the following areas:
This study identifies the growing adoption of EVs and HEVs as one of the prime reasons driving the compound semiconductor market growth during the next few years.
Compound Semiconductor Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the compound semiconductor market, including some of the vendors such as Broadcom Inc., Cree Inc., Infineon Technologies (News - Alert) AG, Nichia Corp., NXP Semiconductors NV, Qorvo Inc., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., STMicroelectronics NV, and Texas Instruments Inc. Backed with competitive intelligence and benchmarking, our research reports on the Compound Semiconductor Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Compound Semiconductor Market 2020-2024: Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
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