Compound Semiconductors: Enabling the Future of High-Speed Communication
The compound semiconductor market size is estimated to be USD 40.5 billion in 2022 and is projected to reach 55.8 billion by 2027, at a CAGR of 6.6% during the forecast period. Continuous emergence of technologies in GaN ecosystem and rise in demand and implementation of GaN and SiC in semiconductor industry have fostered the growth of the compound semiconductor market. Nichia Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), ams OSRAM AG (Austria), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems (Japan), Canon Inc. (Canada), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor market. To retain their presence in the compound semiconductor market, these players have adopted various growth strategies, such as product launches, partnerships, acquisitions, collaborations, and expansions. Product launches has been the most dominating strategy adopted by the ...