Research Reports
Compound Semiconductor Material Sales to Climb at 7.2% CAGR through 2030
Published by mark itwired
Posted on October 8, 2021
5 min readLast updated: January 30, 2026
Global Banking & Finance Review®
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Published by mark itwired
Posted on October 8, 2021
5 min readLast updated: January 30, 2026
The compound semiconductor materials market is projected to grow at a 7.2% CAGR through 2030, driven by advancements in nanotechnology and demand for GaN and SiC materials.
Compound semiconductor materials are critical building blocks for next-gen electrification technologies, and are slated to be at the core of nearly every prominent industrial sector of the 21st century. Recent analysis by Future Market Insights (FMI) reveals that global compound semiconductor material market will grow at 7.2% CAGR through 2030.
The semiconductor manufacturing space has been progressing considerably over the past decade, owing to advancements in nanotechnology. At present, nanoparticles are utilized in doping process to develop semiconductor sensors accenting substantially high scales of accuracy.
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COVID-19 Impact on Compound Semiconductor Materials Market
As the COVID-19 pandemic rages across continents, market players are swiftly changing their manufacturing practices and focusing on priorities to fulfil the demand of pandemic that has capped the need for market-centric semiconductor materials.
Export-reliant regions are already at the wrong end of the COVID-19 curve, amid uncertainties in global economy. While various manufacturers of compound semiconductor materials are either shutting down or reducing their production due to inadequate downstream demand, some have suspended their production units as a preventive measure by the governments of respective countries to battle the COVID-19 contagion.
“Nanotechnology is broadly used in production of compound semiconductor materials with significantly huge surface area to volume ratio, leading to materials with greater surface area depending aspects, which are leveraged for manufacturing electronic devices. In addition, the technology is commonplace in manufacturing of semiconductor devices for smartphones and automotive industry,” says analyst at FMI.
The global compound semiconductor materials market is highly fragmented, given presence of tech-driven players emphasizing on product differentiation. Majority of players are zeroing in on capacity expansions and product launches in order to cater to rising demand, for instance,
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A new market research report published by Future Market Insights (FMI) on the global compound semiconductor materials market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the compound semiconductor materials market through three different segments – material type, application and region. The compound semiconductor materials market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of compound semiconductor materials and product adoption across several end-use industries.
Material Type
Application
Region
The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
The post Compound Semiconductor Material Sales to Climb at 7.2% CAGR through 2030 appeared first on Industry News Analsis.
The article discusses the growth of the compound semiconductor materials market, projected to expand at a 7.2% CAGR through 2030.
COVID-19 has led to production shutdowns and reduced demand, affecting the semiconductor materials market.
Silicon carbide (SiC) and gallium nitride (GaN) are key materials driving market growth.
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