Japan Compound Semiconductor Materials Market Size & Outlook
Japan compound semiconductor materials market, 2016-2027 (US$M)
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Japan compound semiconductor materials market highlights
- The Japan compound semiconductor materials market generated a revenue of USD 1.7 million in 2019 and is expected to reach USD 2.0 million by 2027.
- The Japan market is expected to grow at a CAGR of 2.2% from 2020 to 2027.
- In terms of segment, group iii-v was the largest revenue generating product in 2019.
- Group IV-IV is the most lucrative product segment registering the fastest growth during the forecast period.
Compound semiconductor materials market data book summary
| Market revenue in 2019 | USD 1.7 million |
| Market revenue in 2027 | USD 2.0 million |
| Growth rate | 2.2% (CAGR from 2019 to 2027) |
| Largest segment | Group iii-v |
| Fastest growing segment | Group IV-IV |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Group IV-IV, Group III-V, Group II-VI |
| Key market players worldwide | Sumitomo Corp, ENEOS Holdings Inc, Furukawa Electric Co Ltd, Shin-Etsu Chemical Co Ltd, IQE PLC |
Other key industry trends
- In terms of revenue, Japan accounted for 4.9% of the global compound semiconductor materials market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China compound semiconductor materials market is projected to lead the regional market in terms of revenue in 2027.
- Taiwan is the fastest growing regional market in Asia Pacific and is projected to reach USD 6.4 million by 2027.
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Compound Semiconductor Materials Market Scope
Compound Semiconductor Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan compound semiconductor materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compound semiconductor materials market will help companies and investors design strategic landscapes.
Group iii-v was the largest segment with a revenue share of 52.94% in 2019. Horizon Databook has segmented the Japan compound semiconductor materials market based on group iv-iv, group iii-v, group ii-vi covering the revenue growth of each sub-segment from 2016 to 2027.
Automotive industry and consumer electronics are the core industrial sectors of Japan. Japan is recognized as a prominent player in e-vehicle development. The electric vehicle market in Japan is one of the mature markets in the world, owing to the highest number of electric vehicles in Asia.
As per the insights, as of 2018, Japan had the third-largest fleet after the U.S. and China in the electric vehicles sector. The aforementioned factors are expected to propel the demand for ICs, which in turn is likely to have a positive impact on the market growth over the projected period.
Favorable government policies are supporting manufacturers in Japan. For instance, under Green Vehicle Purchasing Promotion Measure 2009, the government offer tax relaxation and exemptions to encourage early adoption of electric vehicles.
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Our clientele includes a mix of compound semiconductor materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan compound semiconductor materials market , including forecasts for subscribers. This country databook contains high-level insights into Japan compound semiconductor materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan compound semiconductor materials market size, by product, 2016-2027 (US$M)
Japan Compound Semiconductor Materials Market Outlook Share, 2019 & 2027 (US$M)
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