The Europe Indium Phosphide Compound Semiconductor Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027).
When compared to silicon and GaAs wafers, indium phosphide wafers have superior electrical and thermal characteristics. Because of features such as increased electron mobility, higher frequency, low power consumption, high thermal conductivity, and low noise performance, indium phosphide wafers are suitable for the manufacturing of optical fiber transmission windows used in lasers and photo detectors. The rise in demand for high-speed internet connectivity in a variety of telecom and data com applications, as well as advantages associated with the Indium Phosphide compound semiconductor and emerging trends toward compound semiconductor wafers in the automotive industry, are driving the growth of the Indium Phosphide compound semiconductor market.
Compound semiconductors are used in a variety of healthcare applications, including in-memory power management devices, discrete devices, microcontrollers, sensors, and motion micro-electromechanical systems. Furthermore, an increase in the number of data centers, strong federal regulations such as the solar investment tax credit, falling costs, and growing demand for a clean source of energy in the commercial and public sectors have all contributed to the expansion of solar projects around the world. There is a great demand for high-speed transducers in this region.
The Germany market dominated the Europe Indium Phosphide Compound Semiconductor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $483 million by 2027. The UK market is poised to grow at a CAGR of 8.5% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 10.1% during (2021 - 2027).
Based on End User, the market is segmented into Telecom & IT, Aerospace & Defence, Healthcare, Industrial, Energy & Power, Automotive, Consumer Electronics, Test & Measuring Instruments and Others. Based on Application, the market is segmented into Power Electronics, Sensing, Photonics, RF or Microwave and Quantum. Based on Product, the market is segmented into Power Semiconductors, Diodes & Rectifiers, Integrated Circuits, Transistors and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Indium Phosphide Compound Semiconductor Market Size will Hit $7.6 Billion by 2027, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT, Inc., Semiconductor Wafer, Inc., Wafer World, Inc., IQE plc, MACOM Technology Solutions Holdings, Inc., and Xiamen Powerway Advanced Material Co., Ltd.
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