Compound Semiconductor Market Size to Grow by USD 11.53 Bn| Broadcom Inc. and Cree Inc. among Key Market Contributors| Technavio
NEW YORK, June 22, 2022 /PRNewswire/ -- The Compound Semiconductor Market size is expected to grow by USD 11.53 billion at a CAGR of 6.33%, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The compound semiconductor market is segmented by end-user (consumer electronics, communications, defense and aerospace, automotive, and others), type (GaAs, GaN, SiC, and others), and Geography (APAC, North America, Europe, MEA, and South America).
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The compound semiconductor market covers the following areas:
The increasing demand for enhanced power density is notably driving the compound semiconductor market growth, although factors such as high production cost may impede the market growth
Technavio offers an up-to-date analysis of the geographical composition of the market. Based on segmentation by geography, the compound semiconductor market has been classified into five regions, namely APAC, North America, Europe, South America, and MEA. According to our analysis, APAC will account for 72% of the growth of the market during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key countries for the compound semiconductor market in APAC. The region has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to vendors in the market during the forecast period.
Some Companies Mentioned
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read the latest Sample Report.
Parent Market Analysis
Technavio categorizes the global compound semiconductor market as a part of the global semiconductors market within the global Information Technology market.
The evaluation of business strategies and the optimization of profit margins both depend on a complete grasp of the value chain. During the forecast period, vendors can reduce costs and improve customer services by using the data from our value chain analysis section.
The value chain of the global semiconductors market includes the following core components:
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Type
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
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