2012-09-07 14:58:13 - Compound Semiconductor Market to be Valued at US$47.5Bn by 2017
The global compound semiconductor market is forecast to surpass US$27 billion by the end of 2012 with this rapidly expanding compound semiconductor industry attaining sales of US$47.5 billion by 2017. In 2011, the compound semiconductor market was valued at US$25.5 billion.
Growth in the compound semiconductor industry has been driven by the increased application of these semiconductors in the manufacture of lasers, optical components, light-emitting diodes (LEDs), filters, mixers, power amplifiers, solar panels and other devices. Compound semiconductros are far better conductors than their silicon counterparts and so their adoption is being accelerated over recent years.
Compound semiconductors have superior physical and chemical attributes to silicon and offer higher operating speeds combined with lower power consumption. In addition, they have superior photovoltaic
properties compared to silicon semiconductors. Compound semiconductors offer manufacturers greater design flexibility.
Key players dominating the global compound semiconductor market include Li-Vi Inc, Aerotech Inc., Air Products and Chemicals Inc., Alcatel-Lucent Bell Labs, Anadigics, Applied Optronics, Blue Sky Research, Cree Inc., Fairchild Semiconductors, First Solar, Frankfurt Lasers, Freescale, Ge, Hitachi Cable, Hrl Laboratories, Ibm, Infineon Technologies, Jds Uniphase Corp., Nichia, Nxp Semiconductor, Oclaro, Optogan, Osram, Qpc Lasers, Radio Frequency Micro Devices (Rfmd), Raytheon, Sharp, Showa Denko, Skyworks, Spectrolab (A Subsidiary of Boeing), Sumitomo Electric Device Innovations (Sedi), Toyoda Gosei, Triquint, Tsmc and Xerox Palo Alto Research Center (Parc).
The Americas compound semiconductor market is estimated to be worth US$5.2 billion in 2012 and forecast to grow by a CAGR of 11.9% between the period 2012 to 2017 to be valued at US$8.8 billion. Stronger growth in demand for compound semiconductors is forecast within the EMEA with the market forecast to expand by a CAGR of 14% during the period 2012 to 2017 to total US$16.4 billion by 2017.
The price of compound semiconductors is higher than silicon varieties with the availability of silicon as a source significantly more favourable for manufacturing semiconductors at a relatively low and stable cost. Silicon semiconductors lower price point is still acknowledged as a key competitive advantage over the adoption of compound semiconductors.
Key developments within the compound semiconductor industry include Kyma Technologies recent entrance into the market for GaN crystal growth equipment in support of the growing demand for energy efficient lighting and power electronics.
The market for nitride semiconductor devices was around $9 billion in 2011 and is expected to surpass $60B over the long term, including $30B in visible lighting applications and $30B in power electonics applications.
Kyma Technologies GaN crystal growth system is based on the hydride vapour phase epitaxy (HVPE) growth process which is a proven high growth rate approach for producing high purity crystalline compound semiconductor materials including GaN, GaAs, InP, and CdS.
For more information on the global compound semiconductor market, see the latest research: Global Compound Semiconductor Market Report
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