U.S. Compound Semiconductor Materials Market Size & Outlook
U.S. compound semiconductor materials market, 2016-2027 (US$M)
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U.S. compound semiconductor materials market highlights
- The U.S. compound semiconductor materials market generated a revenue of USD 5.4 million in 2019 and is expected to reach USD 6.9 million by 2027.
- The U.S. market is expected to grow at a CAGR of 3.1% 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 5.4 million |
| Market revenue in 2027 | USD 6.9 million |
| Growth rate | 3.1% (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, U.S. accounted for 15.4% 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 North America, U.S. compound semiconductor materials market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1.3 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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U.S. 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 48.15% in 2019. Horizon Databook has segmented the U.S. 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.
U.S. is the key market in the North America compound semiconductor materials market accounting for a share of over 76% as of 2019. The growth in the country is attributed to the rise in the manufacturing sector and growing demand from application industries.
In order to cater to the increasing demand for compound semiconductor materials, the manufacturers are compelled to increase their production capacities for maintaining their competitive edge in the market.
For instance, in September 2018, X-Fab, a leading foundry group for analog/mixed-signal semiconductor applications announced it plans to double its 6-inch SiC process capacity in Texas, U.S. The capacity expansion is aimed towards demonstrating company’s commitment towards the SiC technology and foundry business model.
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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 U.S. compound semiconductor materials market , including forecasts for subscribers. This country databook contains high-level insights into U.S. compound semiconductor materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. compound semiconductor materials market size, by product, 2016-2027 (US$M)
U.S. Compound Semiconductor Materials Market Outlook Share, 2019 & 2027 (US$M)
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