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Indium Phosphide Compound Semiconductor Market to Garner $13.4 Bn, Globally, by 2030 at 11.9% CAGR: AMRPORTLAND, Ore., Dec. 20, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Indium Phosphide Compound Semiconductor Market by Product (Power Semiconductors, Transistors, Integrated Circuits, Diodes & Rectifiers, and Others), Application (Power Electronics, RF or Microwave, Photonics, Sensing, and Quantum), and End User (IT & Telecom, Industrial and Energy & Power, Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Test & Measuring Instruments, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global indium phosphide compound semiconductor industry was pegged at $4.5 billion in 2020, and is expected to reach $13.4 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030.  Drivers, restraints, and opportunities Increase in the need for high-speed internet connectivity in telecom and datacom application, benefits of indium phosphide compound semiconductor, and emerging trend toward compound semiconductor wafers in the automotive industry have boosted the growth of the global indium phosphide compound semiconductor market. However, high-cost and disadvantages associated with compound semiconductor materials and components hinder the market growth. On the contrary, advent of compound semiconductors in smart technologies is expected to open new opportunities for the market players in the future. Download Sample Report (Get Full Insights in PDF – 295+ Pages) @ https://www.alliedmarketresearch.com/request-sample/14895 Covid-19 scenario:
The power semiconductors segment held the lion's share By product, the power semiconductors segment held the largest share in 2020, accounting for more than one-fourth of the global indium phosphide compound semiconductor market, due to rise in demand for efficient energy management in high-voltage power electronics such as solar inverters and hybrid vehicles. However, the transistors segment is expected to register the highest CAGR of 14.4% during the forecast period, owing to their advantages over transitional transistors that make them suitable for commercial applications. The sensing segment to manifest the highest CAGR through 2030 By application, the sensing segment would showcase the highest CAGR of 15.0% from 2021 to 2030. However, the power electronics segment held the largest share in 2020, contributing to nearly one-third of the global indium phosphide compound semiconductor market, as indium phosphide compound semiconductor enhanced electron velocity. Interested to Procure the Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/14895 Asia-Pacific, followed by Europe and North America By region, the market across Asia-Pacific, followed by Europe and North America, held the largest share in 2020, accounting for nearly half of the market. Moreover, the region is expected to manifest the highest CAGR of 13.7% during the forecast period. On the other hand, the global indium phosphide compound semiconductor market across North America is expected to register a CAGR of 8.7% during the forecast period. Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/14895?reqfor=covid Major market players
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: Similar Reports: Compound Semiconductor Market Pre-Book Now with 10% Discount: Currency Sorter Market- Opportunities and Forecasts, 2021-2028 World 4D Printing Market - Opportunities and Forecasts, 2021-2028 4K Display Resolution Market – Analysis and Forecast, 2021 - 2030 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa
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