Compound Semiconductor Market
                     Compound 
Semiconductor 
Market
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The total value of the compound semiconductor market was USD 38,552 million in 2022, and it 
will rise at a growth rate of above 6.10% shortly, reaching USD 61,911 million by 2030, 
according to P&S Intelligence.
The development can be mainly credited to the increasing demand for SiC devices in power 
electronics. Moreover, the growing need for consumer electronics boosts the sale of 
semiconductors throughout the globe. As per the Semiconductor Industry Association, 
semiconductor sales stood at USD 152.5 billion in quarter two of 2022, which was a surge of 
13.3% from 2021.
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In 2022, the GaN category held the largest compound semiconductor market share, of above 
30%, and the category is projected to remain dominant in the future as well. GaN upholds a low 
conduction resistance and high breakdown voltage, which enable them for high-speed switching 
and the reduction of equipment. Furthermore, GaN devices can effortlessly aid high electron 
mobility and densities due to their small size.
In 2022, the telecommunications category held the largest revenue share, at 44%, and it is 
projected to be in the top spot throughout the projection period. The growing utilization of GaN, 
GaAs, SiGe, and InP compound semiconductors in phones and other wireless communication 
channels is driving the growth of the market.
This is mainly because of the rising requirement for 5G connectivity, which will renovate the 
© P&wS Initreleligleences. Asll Rcighotsm Resmerveud nication industry. The need for better bandwidths is growing due to the thriving 2
mobile data utilization, which creates superior stress on networks for the obtainability of the 
wireless spectrum. Mobile data circulation is projected to touch 160 Exabytes each month by 
2025.
Web-combined wireless healthcare devices, wearables, and the three-dimensional printing of human organs 
and medicinal devices, which rely on semiconductors, will guarantee innovative and new methods of 
delivering healthcare in the future.
Likewise, auto manufacturers need energy diodes and voltage regulators of brilliant dependability for 
several vehicle components. ICs with diverse functionalities are utilized in several automotive systems, like 
collision detection, navigation control, and infotainment systems. Hence, a progressive, connected, and 
autonomous vehicle can have above 3,000 chips.
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In 2022, North America dominated the compound semiconductor market with an industry share of above 
22%, and the region is projected to be in the top spot in the future as well. The need for such instruments is 
largely increasing in the U.S. and Canada mainly because of the government measures to advance 
communications infrastructure and military abilities.
Hence, the increasing demand for SiC devices in power electronics. Moreover, the growing need for 
consumer electronics boosts the sale of semiconductors throughout the globe.
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