Compound Semiconductor Market Grows at a CAGR of 48.4%

2023-01-13 16:30:24 By : Ms. Cherry Feng

January 12, 2023 07:00 ET | Source: MarketsandMarkets Research Pvt. Ltd. MarketsandMarkets Research Pvt. Ltd.

Chicago, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Compound Semiconductor Market by Type (GaN, GaAs, SiC, InP), Product (LED, Optoelectronics, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Consumer Devices, Power Supply) & Region - Global Forecast to 2027", Continuous emergence of technologies in GaN ecosystem and rise in demand and implementation of GaN and SiC in semiconductor industry have fostered the growth of the compound semiconductor market. To retain their presence in the compound semiconductor market, these players have adopted various growth strategies, such as product launches, partnerships, acquisitions, collaborations, and expansions. Product launches has been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base. Led Grow Strip

Compound Semiconductor Market Grows at a CAGR of 48.4%

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Nichia Corporation is involved in the development, manufacturing, and sale of fine chemicals, particularly inorganic luminescent materials (phosphors). It was the first company to invent and commercialize blue LEDs in 1993 and then developed the world’s first white LED by combining yellow phosphor and blue LED, followed by the successful development of a blue-violet semiconductor laser. Further, the invention of nitride-based LED and laser diodes led to the technological innovation of light sources in display, general lighting, automotive, industrial equipment, and medical care and measurement.

Samsung Electronics Co., Ltd. is an end-to-end technology solution provider for consumer electronics, display solutions, and other technologies. The major business for the compound semiconductor market for Samsung Electronics Co., Ltd. is the LED business. The LED business caters to applications such as lighting, automotive, and displays. The company offers LEDs using CSP technology and Phosphor-on-Wafer (PoW) technology. The company provides lighting systems, including modules for various uses in displays, mobile devices, automotive, and smart lighting solutions.

Ams OSRAM AG is a world leader in optical solutions. The firm provides a unique product and technology portfolio for sensing, lighting, and visualization, ranging from high-quality light emitters and optical components to micro-modules, light sensors, Integrated Circuits (ICs), and related software. The firm has a wide range of products for consumer, automotive, industrial, and healthcare applications. The company offers a broad portfolio of LEDs that addresses LEDs for various applications from automotive lighting to UV-C treatment

Qorvo, Inc. is one of the leading providers of core technologies and RF solutions for mobile, infrastructure, and aerospace/defense applications. Qorvo, Inc. provides a broad product portfolio of RF solutions, highly differentiated semiconductor technologies, deep-system level expertise, and scale manufacturing. It operates through two segments: Mobile Products (MP) and Infrastructure and Defense Products (IDP). MP supplies cellular RF and Wi-Fi solutions to various mobile devices, including smartphones, notebook computers, wearable devices, tablets, and cellular-based applications for IoT. IDP is a leading global supplier of RF solutions with a diverse portfolio of solutions that connect and protect spanning communication and network infrastructure.

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Compound Semiconductor Market Grows at a CAGR of 48.4%

Cob Led Grow Light Full Spectrum These companies cater to the requirements of their customers by providing technological advanced compound semiconductors. Moreover, these companies have vast geographical presence and various strategic developments. Such advantages give these companies an edge over other compound semiconductor ecosystem players.