News Article

CS Market Growing At 11.24 Percent Driven By 5G


$40.452 billion market in 2017 predicted to grow to $68.915 billion by 2022

The compound semiconductor market is expected to grow at a CAGR of 11.24 percent to reach $68.915 billion by 2022, increasing from $40.452 billion in 2017, according to a new report written by the market research company Knowledge Sourcing Intelligence.

Growth will be driven by next-generation 5G technologies which would require greater speed and minimum latency.

Consumer electronics accounted for the major market share in 2016. Growth will be largely driven by the introduction of smartphones powered by GaAs-based solar cells coupled with an increase in the number of smartphones and other smart devices in the market. Moreover, increasing adoption of LEDs in consumer electronics segment is further expected to boost this segment's growth.

Geographically, Asia Pacific region is expected to grow at a high rate owing to rapid industrialization and urbaniaation, especially in emerging economies like India, China, and South Korea. The growing demand for power applications coupled with developing wireless infrastructure is expected to boost the compound semiconductor market growth over the forecast period. North America is expected to grow at a moderate rate, with high demand originating from the United States.

Major players discussed in the report, which is available from Researchandmarkets, are Cree, IQE, Skyworks Solution, Qorvo, Broadcom, NXP Semiconductors, Taiwan Semiconductor Manufacturing Company, Ericsson, and Analog Devices among others.

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