Global Compound Semiconductor Market Growth Analysis in Semiconductors Industry | Discover Company Insights in Technavio
NEW YORK, July 23, 2021 /PRNewswire/ -- The global compound semiconductor market is expected to grow by USD 11.53 billion, progressing a CAGR of 6.33% during 2021-2025, according to Technavio's latest market report. Based on our research, the Semiconductors sector witnessed a Mixed impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.
The compound semiconductor market share growth by the consumer electronics segment has been significant.
72% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for compound semiconductors in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising adoption of smartphones has been identified as one of the chief factors that will drive the compound semiconductor market growth in APAC over the forecast period.
Compound Semiconductor Market: Major Growth Drivers
The report will help businesses to build resilience by making effective resource and investment choices.
Compound Semiconductor Market: Key Vendor Offerings
Infineon Technologies AG
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