News Article

Compound Semiconductor Market Growing At Over 8 Percent CAGR


Rising adoption of smartphones and penetration of internet is driving growth

In a new report covering 2017 to 2021, market research analysts at Technavio predict that the global compound semiconductor market will grow at a CAGR of over 8 percent by 2021.

This market research identifies the rising global adoption of smartphones as one of the primary growth factors, driven by the availability of low-cost smartphones and the increased penetration of the Internet.

An increase in mobile devices drives the market for components such as GaAs amplifiers and switches. Additionally, says Technavio, smartphone manufacturers are trying to develop solar-powered smartphones by using GaAs. This will drive the production of smartphones powered by GaAs-based solar cells, which will subsequently drive the growth of the compound semiconductor market.

Growth in industry automation will also drive the market in the coming years, according to the report, because compound semiconductors (such as GaN and SiC) are playing a key role in increasing the efficiency of power consumption.

The report identifies leading vendors in the market as Broadcom, Skyworks Solutions, Cree, and Qorvo. Other prominent vendors include Analog Devices, Osram Opto Semiconductors, GaN Systems, Infineon Technologies, NXP Semiconductors, Advanced Wireless Semiconductor, STMicroelectronics, Microsemi, Texas Instruments, WIN Semiconductors, and AXT.

APAC will be the major revenue contributor to the market by 2021. This is due to the increased demand for power applications and the economic growth in developing countries such as South Korea, China, India, Taiwan, and Malaysia. Additionally, the increasing demand for wireless infrastructure will also boost the growth of the compound semiconductor market in this region.

The report also considers the growth of similar markets such as epi wafers and semiconductor chip packaging, which are expected to grow at a CAGR of 12 percent and 31 percent, respectively, for the forecast period of 2017 to 2021.

SiC growing at 14 percent CAGR

In another new report, Technavio predicts that the SiC market will grow steadily at a CAGR of over 14 percent between 2017 and 2021, driven by the growing demand for power inverters for electric vehicles.

Automotive inverters and advanced semiconductor devices based on SiC FETs can save low energy losses and result in improved electric vehicle performance, says Technavio.

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.



Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
Live Event