According to the recent study the IV-IV compound semiconductor market is projected to reach an estimated $29.4 billion by 2028 from $21 billion in 2023, at a CAGR of 7.0% from 2023 to 2028. Growth in this market is primarily driven by increase in initiatives by governments in funding the semiconductor industry, along with growing demand for SiC semiconductors and higher usage of these compounds in the LED applications globally.
A more than 150-page
report is developed to Understand trends, opportunities and forecast in IV-IV
compound semiconductor market by material type (SiC, SiGe, and others), end use
industry (healthcare, automotive, aerospace & defense, telecommunication,
and consumer electronics), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Download sample report by clicking
on below link
https://www.lucintel.com/iv-iv-compound-semiconductor-market.aspx
“SiC market is expected to remain the largest segment during the
forecast period.”
Based on type, the IV-IV
compound semiconductor market is segmented into SiC, SiGe, and others. Lucintel
forecasts that the SiC market is expected to remain the largest segment due to growing
demand for optoelectronic devices that are utilized for detecting and controlling
light.
“Within the IV-IV compound semiconductor market, the telecommunication
segment is expected to remain the largest end use industry.”
Based on end use
industry the telecommunication segment is expected to witness the highest
growth over the forecast period due to an increase in demand of GaAs substrates
from wireless and mobile communication application on account of its high speed
and efficiency.
“Asia pacific will dominate the IV-IV compound semiconductor
market in near future.”
APAC is expected to
witness the highest growth during the forecast period due to increasing
adoption of semiconductors in various industries, such as automotive,
healthcare, telecommunication, and consumer electronics.
Download Brochure of this report by clicking on https://www.lucintel.com/iv-iv-compound-semiconductor-market.aspx.
Major players of IV-IV
compound semiconductor market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Nichia,
Samsung Electronic, Osram, Qorvo, Skyworks, ON Semiconductor, GAN Systems,
Mitsubishi Electric, Infineon, and NXP are among the major IV-IV compound
semiconductor providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/iv-iv-compound-semiconductor-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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