According to a new report Global Indium Phosphide Compound Semiconductor Market, published by KBV research, The Global Indium Phosphide Compound Semiconductor Market size is expected to reach $7.6 billion by 2027, rising at a market growth of 9.7% CAGR during the forecast period.
The Telecom & IT market is leading the Global Indium Phosphide Compound Semiconductor Market by End User 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.8 billion by 2027. Because of the growing use of smartphones and the rapid implementation of LTE and 5G networks, the telecommunications industry will see an increase in demand for compound semiconductors.
The Power Electronics market is generating higher revenue in the Global Indium Phosphide Compound Semiconductor Market by Application 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.5 billion by 2027. This is owing to rising demand for SiC and GaN power semiconductors in hybrid and electric vehicles, power supplies, and photovoltaic (PV) inverters.
The Power Semiconductors market acquired maximum revenue share in the Global Indium Phosphide Compound Semiconductor Market by Product 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.0 billion by 2027. The demand for effective energy management in high-voltage power electronics, such as solar inverters and hybrid automobiles, has increased.
The Asia Pacific market is the leading region in the Global Indium Phosphide Compound Semiconductor Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.09 billion by 2027. The Europe market is estimated to witness a CAGR of 9.3% during (2021 - 2027). Additionally, The North America market would showcase a CAGR of 9.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/indium-phosphide-compound-semiconductor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By End User
By Application
By Product
By Geography
Companies Profiled
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