North America Compound Semiconductor Materials Market Size & Outlook
North America compound semiconductor materials market, 2016-2027 (US$M)
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North America compound semiconductor materials market highlights
- The North America compound semiconductor materials market generated a revenue of USD 7.0 million in 2019.
- The market is expected to grow at a CAGR of 3.3% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 7.0 million |
| Market revenue in 2027 | USD 9.1 million |
| Growth rate | 3.3% (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, North America region accounted for 20.2% 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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North America 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 48.57% in 2019. Horizon Databook has segmented the North America 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 growth in the end-use industries of U.S., Canada, and Mexico are propelling the demand for compound semiconductor materials in the region. Foreign manufacturers are compelled to increase their target market by coming in close proximity of the region, which is leading towards capacity expansion and acquisitions.
For instance, in September 2018, Huada Semiconductor, a Chinese leader in industrial semiconductor solutions acquired Canada-based Solantro Semiconductor. Solantro Semiconductor is engaged in development of advanced integrated circuits in silicon and compound semiconductor materials.
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Target buyers of North America compound semiconductor materials market databook
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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 North America compound semiconductor materials market , including forecasts for subscribers. This continent databook contains high-level insights into North America compound semiconductor materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America compound semiconductor materials market size, by country, 2016-2027 (US$M)
North America Compound Semiconductor Materials Market Outlook Share, 2019 & 2027 (US$M)
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