Indium Phosphide Compound Semiconductor Market: Introduction
- Indium Phosphide is a binary semiconductor made from indium and phosphorus. This type of compound semiconductor is similar to Gallium arsenide (GaAs) and other IIIV semiconductors.
- Indium phosphide (InP) is utilized in high-frequency and high-power electronics because of its higher electron speed as compared to that of the more common semiconductors gallium arsenide and silicon
- Expansion of the indium phosphide compound semiconductor industry is driven by factors such as increasing demand for high-speed Internet connections in various telecommunication and data transmission applications. Significant rise in the use of indium phosphide wafers in semiconductor and photonic applications is boosting the developing trend toward use of compound semiconductor wafers in the automotive industry.
- Rising demand and adoption of indium phosphide (InP) and Gallium arsenide (GaAs) in semiconductor industries is a key factor driving the market
- Extensive utilization of indium phosphide (InP) semiconductors in LED devices is estimated to further propel the demand in the near future
- Indium phosphide (InP) is utilized in diverse applications such as power electronics, RF or microwave, photonics, consumer devices, opto-electronic, quantum, RF devices, RF power, RF switching, Laser diode, modulator diver, etc.
Rising Demand for Indium Phosphide Compound Semiconductor in Aerospace and Defense Industries
- Based on end-use industry, the market can be segmented into consumer electronics, information technology and telecommunication, healthcare, aerospace and defense, automotive, energy and utilities, industrial, and others
- The aerospace and defense segment of the global Indium phosphide compound semiconductor market is estimated to expand at a rapid pace during the forecast period because of increasing use of RF power in aerospace and defense, military applications
- Usage of RF power devices in fields such as radar systems and avionics is projected to fuel the use of indium phosphide compound semiconductors in military, aerospace and defense applications
- Utilization of Indium Phosphide (InP) to develop innovative and advanced products would further boost the military, aerospace and defense applications. Indium Phosphide (InP) and Gallium arsenide (GaA) based switches are used in military RF-based power devices in the MWIR band, which in turn is also propelling the market.
Asia Pacific to Lead Global Indium Phosphide Compound Semiconductor Market
- In terms of region, the global indium phosphide compound semiconductor market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Asia Pacific offers significant opportunities for the indium phosphide compound semiconductor devices market due to an increase in demand for devices in numerous sectors including aerospace and defense, telecommunication, automotive, military in countries, such as China, Japan, Taiwan and India, in Asia. Moreover, demand for indium phosphide compound semiconductors is expected to rise during the forecast period as 5G services are likely to be commercialized in countries such as China, Japan, and South Korea.
- The indium phosphide compound semiconductor market in Asia Pacific is expected to expand at a high growth rate due to the presence of major players in the region and increased competition among them. The market in North America and Europe is likely to expand at a steady pace during the forecast period because of the presence of less number of manufacturers in these regions.
Key Players Operating in Global Indium Phosphide Compound Semiconductor Market
Major players operating in global indium phosphide compound semiconductor market are focusing on technological advancements and expansions to cater to the rising demand for indium phosphide compound semiconductor. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative and advanced technologies.
Key players operating in the global indium phosphide compound semiconductor market include:
- MACOM
- Logitech Limited
- IntelliEPI
- Sumitomo Electric Industries, Ltd.
- II-VI Incorporated
- AXT Inc.
- IQE PLC
- Xiamen Powerway Advanced Material Co., Ltd.
- Semiconductor Wafer, Inc.
- Wafer World Inc.
Global Indium Phosphide Compound Semiconductor Market: Research Scope
Global Indium Phosphide Compound Semiconductor Market, by Product
- Power Semiconductors
- Transistors
- Others (Diodes and Rectifiers, Integrated Circuits etc.)
Global Indium Phosphide Compound Semiconductor Market, by Application
- Power Electronics
- Microwave
- Photonics
- Optical sensing
- Opto-electronic
- Quantum
- RF devices (RF power and RF switching)
- Others (Laser diode, modulator diver etc.)
Global Indium Phosphide Compound Semiconductor Market, by End-use Industry
- Consumer Electronic
- Information Technology and Telecommunication
- Industrial
- Aerospace and Defense
- Automotive
- Others (Energy and Utilities, Healthcare etc.)
Global Indium Phosphide Compound Semiconductor Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
