The North America Indium Phosphide Compound Semiconductor Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
A compound semiconductor is made up of elements from two or more different periodic table groups and is made using deposition techniques. Compound semiconductors' capacity to emit and perceive light in the form of general illumination (LEDs) and fiber-optic lasers and receivers is fuelling the demand. LEDs have become more widely used in lights and fixtures as the cost of production and installation has decreased. Megacities focus on infrastructure development to fulfill the requirements of a growing population, and governments assist consumers in installing energy-efficient lighting to lower their electricity consumption expenses.
The semiconductor sector in this region is expected to be impacted by the current COVID-19 pandemic. Due to a shortage of parts, the entire supply chain has been affected. Several regional manufacturers are using indium phosphide compound semiconductor in their products. This compound is used to make diodes that are employed in optoelectronic circuits like LED components, laser diodes, and photo detectors, among other things. These diodes can be easily produced tiny enough to fit on IC chips for integration with other components essential for the device's functioning because they have a low dark current and a high sensitivity of roughly 80%. Due to this rise in applications, the demand and growth of the regional market would witness a spike in the coming years.
The US market dominated the North America Indium Phosphide Compound Semiconductor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,576 million by 2027. The Canada market is estimated to grow at a CAGR of 12% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 11% during (2021 - 2027).
Based on End User, the market is segmented into Telecom & IT, Aerospace & Defense, 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Indium Phosphide Compound Semiconductor Market is Estimated 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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Telecom & IT
- Aerospace & Defense
- Healthcare
- Industrial
- Energy & Power
- Automotive
- Consumer Electronics
- Test & Measuring Instruments
- Others
By Application
- Power Electronics
- Sensing
- Photonics
- RF or Microwave
- Quantum
By Product
- Power Semiconductors
- Diodes & Rectifiers
- Integrated Circuits
- Transistors
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Sumitomo Electric Industries, Ltd.
- II-VI Incorporated
- AXT, Inc.
- Semiconductor Wafer, Inc.
- Wafer World, Inc.
- IQE plc
- MACOM Technology Solutions Holdings, Inc.
- Xiamen Powerway Advanced Material Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Indium Phosphide Compound Semiconductor Market, by End User
1.4.2 North America Indium Phosphide Compound Semiconductor Market, by Application
1.4.3 North America Indium Phosphide Compound Semiconductor Market, by Product
1.4.4 North America Indium Phosphide Compound Semiconductor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Indium Phosphide Compound Semiconductor Market by End User
3.1 North America Telecom & IT Market by Country
3.2 North America Aerospace & Defense Market by Country
3.3 North America Healthcare Market by Country
3.4 North America Industrial, Energy & Power Market by Country
3.5 North America Automotive Market by Country
3.6 North America Consumer Electronics Market by Country
3.7 North America Test & Measuring Instruments Market by Country
3.8 North America Other End User Market by Country
Chapter 4. North America Indium Phosphide Compound Semiconductor Market by Application
4.1 North America Power Electronics Market by Country
4.2 North America Sensing Market by Country
4.3 North America Photonics Market by Country
4.4 North America RF or Microwave Market by Country
4.5 North America Quantum Market by Country
Chapter 5. North America Indium Phosphide Compound Semiconductor Market by Product
5.1 North America Power Semiconductors Market by Country
5.2 North America Diodes & Rectifiers Market by Country
5.3 North America Integrated Circuits Market by Country
5.4 North America Transistors Market by Country
5.5 North America Other Products Market by Country
Chapter 6. North America Indium Phosphide Compound Semiconductor Market by Country
6.1 US Indium Phosphide Compound Semiconductor Market
6.1.1 US Indium Phosphide Compound Semiconductor Market by End User
6.1.2 US Indium Phosphide Compound Semiconductor Market by Application
6.1.3 US Indium Phosphide Compound Semiconductor Market by Product
6.2 Canada Indium Phosphide Compound Semiconductor Market
6.2.1 Canada Indium Phosphide Compound Semiconductor Market by End User
6.2.2 Canada Indium Phosphide Compound Semiconductor Market by Application
6.2.3 Canada Indium Phosphide Compound Semiconductor Market by Product
6.3 Mexico Indium Phosphide Compound Semiconductor Market
6.3.1 Mexico Indium Phosphide Compound Semiconductor Market by End User
6.3.2 Mexico Indium Phosphide Compound Semiconductor Market by Application
6.3.3 Mexico Indium Phosphide Compound Semiconductor Market by Product
6.4 Rest of North America Indium Phosphide Compound Semiconductor Market
6.4.1 Rest of North America Indium Phosphide Compound Semiconductor Market by End User
6.4.2 Rest of North America Indium Phosphide Compound Semiconductor Market by Application
6.4.3 Rest of North America Indium Phosphide Compound Semiconductor Market by Product
Chapter 7. Company Profiles
7.1 Sumitomo Electric Industries, Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.2 II-VI Incorporated
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent Strategies and developments:
7.2.5.1 Acquisitions and Mergers:
7.3 AXT, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent Strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 Semiconductor Wafer, Inc.
7.4.1 Company Overview
7.5 Wafer World, Inc.
7.5.1 Company Overview
7.6 IQE plc
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.7 MACOM Technology Solutions Holdings, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent Strategies and developments:
7.7.5.1 Partnerships, Collaborations and Agreements:
7.8 Xiamen Powerway Advanced Material Co., Ltd.
7.8.1 Company Overview
TABLE 1 North America Indium Phosphide Compound Semiconductor Market, 2017 - 2020, USD Million
TABLE 2 North America Indium Phosphide Compound Semiconductor Market, 2021 - 2027, USD Million
TABLE 3 North America Indium Phosphide Compound Semiconductor Market by End User, 2017 - 2020, USD Million
TABLE 4 North America Indium Phosphide Compound Semiconductor Market by End User, 2021 - 2027, USD Million
TABLE 5 North America Telecom & IT Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Telecom & IT Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Industrial, Energy & Power Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Industrial, Energy & Power Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Automotive Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Automotive Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Consumer Electronics Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Consumer Electronics Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Test & Measuring Instruments Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Test & Measuring Instruments Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Other End User Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Other End User Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Indium Phosphide Compound Semiconductor Market by Application, 2017 - 2020, USD Million
TABLE 22 North America Indium Phosphide Compound Semiconductor Market by Application, 2021 - 2027, USD Million
TABLE 23 North America Power Electronics Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Power Electronics Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Sensing Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Sensing Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Photonics Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Photonics Market by Country, 2021 - 2027, USD Million
TABLE 29 North America RF or Microwave Market by Country, 2017 - 2020, USD Million
TABLE 30 North America RF or Microwave Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Quantum Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Quantum Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Indium Phosphide Compound Semiconductor Market by Product, 2017 - 2020, USD Million
TABLE 34 North America Indium Phosphide Compound Semiconductor Market by Product, 2021 - 2027, USD Million
TABLE 35 North America Power Semiconductors Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Power Semiconductors Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Diodes & Rectifiers Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Diodes & Rectifiers Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Integrated Circuits Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Integrated Circuits Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Transistors Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Transistors Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Other Products Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Other Products Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Indium Phosphide Compound Semiconductor Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Indium Phosphide Compound Semiconductor Market by Country, 2021 - 2027, USD Million
TABLE 47 US Indium Phosphide Compound Semiconductor Market, 2017 - 2020, USD Million
TABLE 48 US Indium Phosphide Compound Semiconductor Market, 2021 - 2027, USD Million
TABLE 49 US Indium Phosphide Compound Semiconductor Market by End User, 2017 - 2020, USD Million
TABLE 50 US Indium Phosphide Compound Semiconductor Market by End User, 2021 - 2027, USD Million
TABLE 51 US Indium Phosphide Compound Semiconductor Market by Application, 2017 - 2020, USD Million
TABLE 52 US Indium Phosphide Compound Semiconductor Market by Application, 2021 - 2027, USD Million
TABLE 53 US Indium Phosphide Compound Semiconductor Market by Product, 2017 - 2020, USD Million
TABLE 54 US Indium Phosphide Compound Semiconductor Market by Product, 2021 - 2027, USD Million
TABLE 55 Canada Indium Phosphide Compound Semiconductor Market, 2017 - 2020, USD Million
TABLE 56 Canada Indium Phosphide Compound Semiconductor Market, 2021 - 2027, USD Million
TABLE 57 Canada Indium Phosphide Compound Semiconductor Market by End User, 2017 - 2020, USD Million
TABLE 58 Canada Indium Phosphide Compound Semiconductor Market by End User, 2021 - 2027, USD Million
TABLE 59 Canada Indium Phosphide Compound Semiconductor Market by Application, 2017 - 2020, USD Million
TABLE 60 Canada Indium Phosphide Compound Semiconductor Market by Application, 2021 - 2027, USD Million
TABLE 61 Canada Indium Phosphide Compound Semiconductor Market by Product, 2017 - 2020, USD Million
TABLE 62 Canada Indium Phosphide Compound Semiconductor Market by Product, 2021 - 2027, USD Million
TABLE 63 Mexico Indium Phosphide Compound Semiconductor Market, 2017 - 2020, USD Million
TABLE 64 Mexico Indium Phosphide Compound Semiconductor Market, 2021 - 2027, USD Million
TABLE 65 Mexico Indium Phosphide Compound Semiconductor Market by End User, 2017 - 2020, USD Million
TABLE 66 Mexico Indium Phosphide Compound Semiconductor Market by End User, 2021 - 2027, USD Million
TABLE 67 Mexico Indium Phosphide Compound Semiconductor Market by Application, 2017 - 2020, USD Million
TABLE 68 Mexico Indium Phosphide Compound Semiconductor Market by Application, 2021 - 2027, USD Million
TABLE 69 Mexico Indium Phosphide Compound Semiconductor Market by Product, 2017 - 2020, USD Million
TABLE 70 Mexico Indium Phosphide Compound Semiconductor Market by Product, 2021 - 2027, USD Million
TABLE 71 Rest of North America Indium Phosphide Compound Semiconductor Market, 2017 - 2020, USD Million
TABLE 72 Rest of North America Indium Phosphide Compound Semiconductor Market, 2021 - 2027, USD Million
TABLE 73 Rest of North America Indium Phosphide Compound Semiconductor Market by End User, 2017 - 2020, USD Million
TABLE 74 Rest of North America Indium Phosphide Compound Semiconductor Market by End User, 2021 - 2027, USD Million
TABLE 75 Rest of North America Indium Phosphide Compound Semiconductor Market by Application, 2017 - 2020, USD Million
TABLE 76 Rest of North America Indium Phosphide Compound Semiconductor Market by Application, 2021 - 2027, USD Million
TABLE 77 Rest of North America Indium Phosphide Compound Semiconductor Market by Product, 2017 - 2020, USD Million
TABLE 78 Rest of North America Indium Phosphide Compound Semiconductor Market by Product, 2021 - 2027, USD Million
TABLE 79 Key information – SUMITOMO ELECTRIC INDUSTRIES, Ltd.
TABLE 80 Key Information – II-VI Incorporated
TABLE 81 Key information – AXT, Inc.
TABLE 82 Key information – Semiconductor Wafer, Inc. (SWI)
TABLE 83 Key Information – Wafer World, Inc.
TABLE 84 Key Information – IQE plc
TABLE 85 Key information – MACOM TECHNOLOGY SOLUTIONS Holdings, inc.
TABLE 86 Key Information – Xiamen Powerway Advanced Material Co., Ltd.
List of Figures
FIG 1 Methodology for the research