According to the recent study the compound semiconductor market is projected to reach an estimated $98.1 billion by 2028 from $70 billion in 2023, at a CAGR of 7% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for SiC devices in power electronics, and growing usage of compound semiconductors in light-emitting diodes (LED) applications, along with rising demand for high-speed and advanced devices in datacom applications.
A more than 150-page report is developed to Understand trends, opportunities and forecast in compound semiconductor market by deposition technology (chemical vapor deposition (CVD), molecular beam epitaxy, etc.), type (gallium nitride (GaN), gallium arsenide (GaAs), silicon carbide (SiC), etc.), product (LED, optoelectronics, RF devices, and power electronics), application (general lighting, telecommunication, military, defense, and aerospace, automotive, etc.), and region.
Download sample report by clicking on below link https://www.lucintel.com/compound-semiconductor-market.aspx

“Gallium nitride (GAN) market is expected to remain the largest segment during the forecast period.”
Based on type, the compound semiconductor market is segmented into gallium nitride (GaN), gallium arsenide (GaAs), silicon carbide (SiC), etc. Lucintel forecasts that the gallium nitride (GAN) market is expected to remain the largest segment due to its ability to deliver improved performance across variety of applications, while requiring lesser physical space and energy as compared to silicon technologies.
“Within the compound semiconductor market, the telecommunication segment is expected to remain the largest type”
Based on type the telecommunication segment is expected to witness the highest growth over the forecast period due to growing demand of radio frequency semiconductor device and increasing penetration of semiconductor elements in wireless and mobile communications.
“Asia pacific will dominate the compound semiconductor market in near future”
Asia Pacific region is expected to witness the highest growth during the forecast period due to rapid industrialization, increasing demand for consumer electronics and rising adoption of wireless communication technologies in this region.
Download Brochure of this report by clicking on https://www.lucintel.com/compound-semiconductor-market.aspx
Major players of compound semiconductor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. LM Ericsson, Sumitomo Electric Industries, Taiwan Semiconductor Manufacturing Company, Broadcom, NXP Semiconductors, Skyworks Solutions, Qorvo, and IQE PLC are among the major compound semiconductor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/compound-semiconductor-market.aspx or [email protected]