Compound Semiconductor Market Size, Share, Trends, Industry Analysis Report: By Product, Application, Type, and Region

Description

List of Tables

The global compound semiconductor market size is expected to reach USD 87.61 billion by 2034, according to a new study by Polaris Market Research. The report "Compound Semiconductor Market Size, Share, Trends, Industry Analysis Report: By Product (LED, Optoelectronics, Power Electronics, Diode, Bare Die, Module, and Others), Application, Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

A compound semiconductor is a material composed of two or more elements, typically from groups III and V (such as gallium arsenide and gallium nitride) or groups II and VI (such as zinc selenide). These materials offer superior electrical, thermal, and optical properties compared to traditional silicon-based semiconductors, making them essential for high-performance applications. Compound semiconductors are widely used in optoelectronics, power electronics, RF devices, and high-speed communication systems, enabling advancements in industries such as telecommunications, automotive, aerospace, and consumer electronics. The compound semiconductor market is experiencing significant growth due to the increasing demand for high-speed communication, energy-efficient electronics, and advanced automotive technologies.

Key drivers include the rapid deployment of 5G networks, rising adoption of electric vehicles (EVs), and advancements in renewable energy systems. Governments worldwide are investing in semiconductor manufacturing and research to strengthen domestic production and reduce supply chain dependencies. Emerging trends, such as the shift toward wide-bandgap materials such as silicon carbide (SiC) and gallium nitride (GaN), are further propelling compound semiconductor market expansion. Additionally, growing applications in data centers, industrial automation, and defense sectors present new opportunities for innovation and investment.

Compound Semiconductor Market Report Highlights

By product, power electronics hold the largest compound semiconductor market share due to their widespread use in electric vehicles, renewable energy systems, and industrial applications.
By application, telecommunication leads the market, fueled by 5G network expansion, RF components, and fiber optic communication.
Asia Pacific holds the largest compound semiconductor market share, primarily due to its robust electronics manufacturing industry and the rapid expansion of 5G infrastructure.
The market in Europe is experiencing growth driven by the region's strong industrial base and technological advancements.
Key players include Nichia Corporation, Samsung Electronics Co., Ltd., ams OSRAM AG, Qorvo, Inc., Skyworks Solutions, Inc., Wolfspeed, Inc., GaN Systems, Canon Inc., Infineon Technologies AG, Mitsubishi Electric Corporation, ON Semiconductor Corporation, NXP Semiconductors N.V., Broadcom Inc., Texas Instruments Incorporated, and Analog Devices, Inc.

Polaris Market Research has segmented compound semiconductor market report based on product, application, type, and region:

By Product Outlook (Revenue-USD Billion, 2020-2034)

LED
Optoelectronics
Power Electronics
Diode
Bare Die
Module
Others

By Application Outlook (Revenue-USD Billion, 2020-2034)

General Lighting
Telecommunication
Military/ Defense & Aerospace
Automotive
Power Supply
Datacom
Consumer Display
Commercial
Consumer Devices
Others

By Type Outlook (Revenue-USD Billion, 2020-2034)

GaN
GaAs
SiC
INP
SIGE
GAP
Others

By Regional Outlook (Revenue-USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest f Europe
Asia Pacific
China
Japan
India
Malaysia
Suth Korea
Indnesia
Australia
Vietnam
Rest f Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
Suth Africa
Rest f Middle East & Africa
Latin America
Mexic
Brazil
Argentina
Rest f Latin America

Product Code: PM2989

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Compound Semiconductor Market Insights

4.1. Compound Semiconductor Market - Market Snapshot
4.2. Compound Semiconductor Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Government Initiatives and Funding
  - 4.2.1.2. Technological Advancements in Telecommunications
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High production costs
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Compound Semiconductor Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Compound Semiconductor Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
5.3. LED
- 5.3.1. Global Compound Semiconductor Market, by LED, by Region, 2020-2034 (USD Billion)
5.4. Optoelectronics
- 5.4.1. Global Compound Semiconductor Market, by Optoelectronics, by Region, 2020-2034 (USD Billion)
5.5. Power Electronics
- 5.5.1. Global Compound Semiconductor Market, by Power Electronics, by Region, 2020-2034 (USD Billion)
5.6. Diode
- 5.6.1. Global Compound Semiconductor Market, by Diode, by Region, 2020-2034 (USD Billion)
5.7. Bare Die
- 5.7.1. Global Compound Semiconductor Market, by Bare Die, by Region, 2020-2034 (USD Billion)
5.8. Module
- 5.8.1. Global Compound Semiconductor Market, by Module, by Region, 2020-2034 (USD Billion)
5.9. Others
- 5.9.1. Global Compound Semiconductor Market, by Others, by Region, 2020-2034 (USD Billion)

6. Global Compound Semiconductor Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
6.3. General Lighting
- 6.3.1. Global Compound Semiconductor Market, by General Lighting, by Region, 2020-2034 (USD Billion)
6.4. Telecommunication
- 6.4.1. Global Compound Semiconductor Market, by Telecommunication, by Region, 2020-2034 (USD Billion)
6.5. Military/ Defense & Aerospace
- 6.5.1. Global Compound Semiconductor Market, by Military/ Defense & Aerospace, by Region, 2020-2034 (USD Billion)
6.6. Automotive
- 6.6.1. Global Compound Semiconductor Market, by Automotive, by Region, 2020-2034 (USD Billion)
6.7. Power Supply
- 6.7.1. Global Compound Semiconductor Market, by Power Supply, by Region, 2020-2034 (USD Billion)
6.8. Datacom
- 6.8.1. Global Compound Semiconductor Market, by Datacom, by Region, 2020-2034 (USD Billion)
6.9. Consumer Display
- 6.9.1. Global Compound Semiconductor Market, by Consumer Display, by Region, 2020-2034 (USD Billion)
6.10. Commercial
- 6.10.1. Global Compound Semiconductor Market, by Commercial, by Region, 2020-2034 (USD Billion)
6.11. Consumer Devices
- 6.11.1. Global Compound Semiconductor Market, by Consumer Devices, by Region, 2020-2034 (USD Billion)
6.12. Others
- 6.12.1. Global Compound Semiconductor Market, by Others, by Region, 2020-2034 (USD Billion)

7. Global Compound Semiconductor Market, by Type

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
7.3. GaN
- 7.3.1. Global Compound Semiconductor Market, by GaN, by Region, 2020-2034 (USD Billion)
7.4. GaAs
- 7.4.1. Global Compound Semiconductor Market, by GaAs, by Region, 2020-2034 (USD Billion)
7.5. SiC
- 7.5.1. Global Compound Semiconductor Market, by SiC, by Region, 2020-2034 (USD Billion)
7.6. INP
- 7.6.1. Global Compound Semiconductor Market, by INP, by Region, 2020-2034 (USD Billion)
7.7. SIGE
- 7.7.1. Global Compound Semiconductor Market, by SIGE, by Region, 2020-2034 (USD Billion)
7.8. GAP
- 7.8.1. Global Compound Semiconductor Market, by GAP, by Region, 2020-2034 (USD Billion)
7.9. Others
- 7.9.1. Global Compound Semiconductor Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Compound Semiconductor Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Compound Semiconductor Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Compound Semiconductor Market - North America
- 8.3.1. North America: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
- 8.3.2. North America: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
- 8.3.3. North America: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.3.4. Compound Semiconductor Market - U.S.
  - 8.3.4.1. U.S.: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.3.5. Compound Semiconductor Market - Canada
  - 8.3.5.1. Canada: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
8.4. Compound Semiconductor Market - Europe
- 8.4.1. Europe: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
- 8.4.2. Europe: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
- 8.4.3. Europe: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.4. Compound Semiconductor Market - UK
  - 8.4.4.1. UK: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.5. Compound Semiconductor Market - France
  - 8.4.5.1. France: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.6. Compound Semiconductor Market - Germany
  - 8.4.6.1. Germany: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.7. Compound Semiconductor Market - Italy
  - 8.4.7.1. Italy: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.8. Compound Semiconductor Market - Spain
  - 8.4.8.1. Spain: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.9. Compound Semiconductor Market - Netherlands
  - 8.4.9.1. Netherlands: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.10. Compound Semiconductor Market - Russia
  - 8.4.10.1. Russia: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.4.11. Compound Semiconductor Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
8.5. Compound Semiconductor Market - Asia Pacific
- 8.5.1. Asia Pacific: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.4. Compound Semiconductor Market - China
  - 8.5.4.1. China: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.5. Compound Semiconductor Market - India
  - 8.5.5.1. India: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.6. Compound Semiconductor Market - Malaysia
  - 8.5.6.1. Malaysia: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.7. Compound Semiconductor Market - Japan
  - 8.5.7.1. Japan: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.8. Compound Semiconductor Market - Indonesia
  - 8.5.8.1. Indonesia: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.9. Compound Semiconductor Market - South Korea
  - 8.5.9.1. South Korea: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.10. Compound Semiconductor Market - Australia
  - 8.5.10.1. Australia: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.5.11. Compound Semiconductor Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
8.6. Compound Semiconductor Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.6.4. Compound Semiconductor Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.6.5. Compound Semiconductor Market - UAE
  - 8.6.5.1. UAE: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.6.6. Compound Semiconductor Market - Israel
  - 8.6.6.1. Israel: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.6.7. Compound Semiconductor Market - South Africa
  - 8.6.7.1. South Africa: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.6.8. Compound Semiconductor Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
8.7. Compound Semiconductor Market - Latin America
- 8.7.1. Latin America: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.7.4. Compound Semiconductor Market - Mexico
  - 8.7.4.1. Mexico: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.7.5. Compound Semiconductor Market - Brazil
  - 8.7.5.1. Brazil: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.7.6. Compound Semiconductor Market - Argentina
  - 8.7.6.1. Argentina: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)
- 8.7.7. Compound Semiconductor Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Compound Semiconductor Market, by Product, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Compound Semiconductor Market, by Application, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Compound Semiconductor Market, by Type, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Analog Devices, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. ams OSRAM AG
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Broadcom Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Canon Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. GaN Systems
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Infineon Technologies AG
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Mitsubishi Electric Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Nichia Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. NXP Semiconductors N.V.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. ON Semiconductor Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development