The global compound semiconductor market is expected to grow at a CAGR of 6.33% during the 2021 to 2025 period.
The global compound semiconductor market is expected to grow by $11.53 billion, progressing a compound annual growth rate (CAGR) of 6.33% during the 2021 to 2025 period, according to Technavio. Based on the analyst firm’s research, the semiconductors sector witnessed a mixed impact due to the widespread growth of the COVID-19 pandemic.
The compound semiconductor market share growth by the consumer electronics segment has been significant.
About 72% of the market’s growth will originate from the Asia Pacific (APAC) region during the forecast period. China, Japan, and South Korea are the key markets for compound semiconductors in APAC.
APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period, mainly driven by the rising adoption of smartphones in the region, and increasing demand for enhanced power density and wide-bandgap power devices.