Compound semiconductor market: A technology for high electron mobility

A compound semiconductor is composed of chemical elements belonging to two or more different groups in the periodic table, for instance, III-V. Compound semiconductors have distinctive material properties such as direct energy bandgap, high breakdown electric fields, and high electron mobility. Unlike silicon, it enables photonic, high-speed, and high-power device technologies. In the compound semiconductor market, electrons in compound semiconductor move much faster than those in silicon, enabling processing that is more than 100 times faster.

According to Polaris Market Research & Consulting, Inc. , the global compound semiconductor market was valued at USD 39.53 billion in 2022 and is expected to reach USD 73.71 Billion By 2032, growing at a CAGR of 6.4% during the forecast period.

How are compound semiconductors made?

Compound semiconductors are made using a complex manufacturing process known as "epitaxy," whereby crystalline layers of the aforementioned compound semiconductor material are deposited onto a substrate to create a wafer which is then subsequently used by chip makers to produce semiconductor devices. By determining the composition and sequence of the layers in epitaxial growth, the optical and electrical properties of the wafer can be finely tuned to deliver very specific performance characteristics.

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The benefits of compound semiconductor

Compound semiconductors are making an impact across many applications. For instance, they are critical in several wireless applications where they achieve broad bandwidth and low latency while maximizing power and efficiency. In the compound semiconductor market, they also form a key component in photonics applications such as 3D sensing and facial recognition. ?

Despite being more intricate to manufacture and needing a high level of expertise, these III-V compound semiconductor materials outperform silicon. They enable operations at higher frequencies, provide more efficient emission and detection of light, offer a higher breakdown voltage, present better thermal performance, and can withstand higher temperatures.

Expansion of the market in the Asia Pacific

The growth of the regional market is mainly driven by escalating demand and the proliferation of wireless communication technologies, along with the adoption of consumer electronics in countries such as China and India. The region has encountered significant growth potential for several new and advanced technologies and a shift in consumer trends toward innovative and smart solutions, which is expected to contribute positively to market growth.

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Key players

Some of the major players operating in the global market include Nichia Corporation, Samsung Electronics, Qorvo Inc., Wolfspeed Inc., GaN Systems, Canon Inc., Infineon Technologies, Mitsubishi Electric Corporation, Skyworks Solutions, Analog Devices, Renesas Electronics Corporation, Taiwan Semiconductor Manufacturing, Cree Inc., and Texas Instruments.

Final thoughts

Looking ahead, many exciting advances in electronic products will be enabled by compound semiconductors. For instance, IQE, a company at the forefront of long-wavelength photonics, is developing advanced products based on InP material. These products are especially suitable for applications such as environmental gas sensing, health monitoring, and advanced 3D sensing. In the compound semiconductor market, an important focus will be placed on integrating compound semiconductors with leading-edge CMOS technology to fuse the advantages of both of these approaches and raise the bar on semiconductor technologies and the amazing products they enable.