Middle East & Africa Compound Semiconductor Materials Market Size & Outlook
Middle East & Africa compound semiconductor materials market, 2016-2027 (US$M)
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MEA compound semiconductor materials market highlights
- The MEA compound semiconductor materials market generated a revenue of USD 0.5 million in 2019.
- The market is expected to grow at a CAGR of 2.6% 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.
MEA data book summary
| Market revenue in 2019 | USD 0.5 million |
| Market revenue in 2027 | USD 0.7 million |
| Growth rate | 2.6% (CAGR from 2019 to 2027) |
| Largest segment | Group iii-v |
| Fastest growing segment | Group IV-IV |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, MEA region accounted for 1.5% of the global compound semiconductor materials market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25.7 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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Middle East & Africa 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 60% in 2019. Horizon Databook has segmented the Middle East & Africa 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.
The consumer electronics market of the Middle East and Africa is anticipated to foresee a significant growth owing to the fast-growing population and the growing number of tourists. Furthermore, improving lifestyles and increasing purchasing power will fuel the demand for smart home appliances in the region.
South Africa, Saudi Arabia, and Egypt are expected to be three main countries driving the growth of smart home appliances market in the region. However, a majority of the electronic products are imported in the region, which limits the use of SMT carrier tapes in the Middle East & Africa.
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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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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 continent-level data and insights on the Middle East & Africa compound semiconductor materials market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa compound semiconductor materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Compound Semiconductor Materials Market Outlook Share, 2019 & 2027 (US$M)
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