Compound Semiconductor Market Size: Global Key Players, Trends, Share, Growth, Opportunities, Forecast To 2027

Market Analysis The global compound semiconductor market is likely to touch USD 4,465.2 million at a 6.53% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. A compound semiconductor, simply put, is a semiconductor that is composed of elements from two or more different groups of the periodic table, and is synthesized through deposition technologies. Various factors are fuelling the global compound semiconductor market share. As per the recent MRFR market estimates, such factors include the growing investments in the development of electric cars, rising government initiatives for adoption of 5G, growing need for high-speed transceivers in the data center, increasing demand and implementation of SiC and GaN in the semiconductor industry, high use of compound semiconductors in LED applications, and growing demand in aerospace, defense, and military. On the contrary, design complexity and high fabrication and material costs may li...