The Latin America, Middle East and Africa Indium Phosphide Compound Semiconductor Market would witness market growth of 13.1% CAGR during the forecast period (2021-2027).
Compound semiconductors are made up of two or more elements from the same or distinct periodic table groups. Various deposition processes, including chemical vapour deposition, atomic layer deposition, and others, are used to make them. There are many manufacturers that are introducing advanced and innovative compound semiconductors. Furthermore, compound semiconductors' lower manufacturing costs have enhanced their use in electronic and mobile devices. High-frequency and high-power electrical devices frequently use indium oxide wafers. Because indium phosphide emits and detects wavelengths above 1000nm, it is widely employed in high-speed fibre optic communication.
The increasing adoption of electric vehicles across various nations of this region for better and sustainable development would boost the demand for indium phosphide compound semiconductor in this region in the coming years. Compound semiconductors are in high demand in the electric car business. They have a great heat resistance, which contributes to increased adoption. Along with that, since various governments across the Middle East region are heavily investing in the defense sector, manufacturers would utilize these semiconductor devices in military products.
The Brazil market dominated the LAMEA Indium Phosphide Compound Semiconductor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $113.5 million by 2027. The Argentina market is anticipated to grow at a CAGR of 13.7% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 12.8% during (2021 - 2027).
Based on End User, the market is segmented into Telecom & IT, Aerospace & Defence, Healthcare, Industrial, Energy & Power, Automotive, Consumer Electronics, Test & Measuring Instruments and Others. Based on Application, the market is segmented into Power Electronics, Sensing, Photonics, RF or Microwave and Quantum. Based on Product, the market is segmented into Power Semiconductors, Diodes & Rectifiers, Integrated Circuits, Transistors and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Indium Phosphide Compound Semiconductor Market is Predict to reach $7.6 Billion by 2027, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT, Inc., Semiconductor Wafer, Inc., Wafer World, Inc., IQE plc, MACOM Technology Solutions Holdings, Inc., and Xiamen Powerway Advanced Material Co., Ltd.
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