Taiwan Compound Semiconductor Materials Market Size & Outlook
Taiwan compound semiconductor materials market, 2016-2027 (US$M)
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Taiwan compound semiconductor materials market highlights
- The Taiwan compound semiconductor materials market generated a revenue of USD 3.9 million in 2019 and is expected to reach USD 6.4 million by 2027.
- The Taiwan market is expected to grow at a CAGR of 6.3% 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.
Compound semiconductor materials market data book summary
| Market revenue in 2019 | USD 3.9 million |
| Market revenue in 2027 | USD 6.4 million |
| Growth rate | 6.3% (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, Taiwan accounted for 11.3% 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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Taiwan 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 51.28% in 2019. Horizon Databook has segmented the Taiwan 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.
Electronics industry plays a crucial role in Taiwan’s GDP. The country is a manufacturing hub of numerous electronic components, gadgets, and equipment. The region is one of the largest IC manufacturers in the world and caters to key markets including electronics, automotive and telecommunication.
The country is a key exporter of electronic components in the international market. The huge production volume, coupled with relatively low product pricing offered by the country, has resulted in demand for Taiwanese electronic products in the major markets such as the U.S., Germany, and India.
Furthermore rising domestic demand for consumer electronics products owing to shrinking home sizes and healthier lifestyle is expected drive electronic product manufacturing sector, thereby impacting the compound semiconductor market on a positive note.
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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 country-level data and insights on the Taiwan compound semiconductor materials market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan compound semiconductor materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Taiwan compound semiconductor materials market size, by product, 2016-2027 (US$M)
Taiwan Compound Semiconductor Materials Market Outlook Share, 2019 & 2027 (US$M)
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