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Subject: MRR

Global Compound Semiconductor Market Growth Analysis in Semiconductors Industry | Discover Company Insights in Technavio


NEW YORK, July 23, 2021 /PRNewswire/ -- The global compound semiconductor market is expected to grow by USD 11.53 billion, progressing a CAGR of 6.33% during 2021-2025, according to Technavio's latest market report. Based on our research, the Semiconductors sector witnessed a Mixed impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.

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The compound semiconductor market share growth by the consumer electronics segment has been significant. 

72% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for compound semiconductors in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising adoption of smartphones has been identified as one of the chief factors that will drive the compound semiconductor market growth in APAC over the forecast period. 

Compound Semiconductor Market: Major Growth Drivers
The compound semiconductor market reports the following factors as major growth drivers during the forecast period:

The report will help businesses to build resilience by making effective resource and investment choices.

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Compound Semiconductor Market: Key Vendor Offerings

Broadcom Inc.
Broadcom Inc. operates its business under segments- Semiconductor solutions and Infrastructure software. The company offers Gallium Arsenide (GaAs) lasers and photo detectors for optical communication systems and it is the lead supplier of 4-, 10- and 12-channel VCSEL and PIN arrays.

Cree Inc.
Cree Inc. operates its business under segments- Wolfspeed and LED Product. The company offers GaN, AlxGa1-xN and Al1-y InyN epitaxial layers on SiC substrates. The company is driving innovation with the industrys broadest range of SiC and GaN materials.

Infineon Technologies AG
Infineon Technologies AG operates its business under segments- Automotive, Industrial Power Control, Power and Sensor Systems, Connected Secure Systems, and Other. The company offers n-channel and p-channel power MOSFETs which are designed in a unique way to bring more efficiency, power density and cost-effectiveness.

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Related Reports on Information Technology Include:
Carbon Nanotube Market by Product, Application, and Geography - Forecast and Analysis 2021-2025: The carbon nanotube market size will grow up to USD 6.51 billion at a CAGR of 25.11% during 2021-2025.
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Application Specific IC Market by Product, Type, and Geography - Forecast and Analysis 2021-2025: The application specific IC (ASIC) market value is projected to grow by USD 9.15 billion at a CAGR of 8.32% during 2021-2025.
Download Exclusive Free Sample Report

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report: https://www.technavio.com/talk-to-us?report=IRTNTR44692

SOURCE Technavio


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News published on 23 july 2021 at 23:00 and distributed by: