The future of the IV-IV compound semiconductor market looks promising with opportunities in the healthcare, automotive, aerospace & defense, telecommunication, and consumer electronics industries. The global IV-IV compound semiconductor market is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increase in initiatives by government in funding the semiconductor industry, rise in demand for silicon & germanium, and growth in the usage of IV-IV compound semiconductor in led applications.
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Growth in various segments of the IV-IV compound semiconductor market are given below:
The study includes trends and forecast for the global IV-IV compound semiconductor market by material type, end use industry, and region as follows:
By Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:
- SiC
- SiGe
- Others
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
- Healthcare
- Automotive
- Aerospace & Defense
- Telecommunication
- Consumer Electronics
- Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Spain
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- The Rest of the World
- Brazil
Some of the IV-IV compound semiconductor manufacturers profiled in this report include, Nichia, Samsung Electronic, Osram, Qorvo, Skyworks, Cree, on Semiconductor, GAN Systems, Mitsubishi Electric, Infineon and NXP.
In this market, SiC and SiGe are the major materials used.
Within this market, healthcare, automotive, aerospace & defense, telecommunication, and consumer electronics are the major end use industries.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the growth of the semiconductor industry.