Compound Semiconductor Market Monitor

MODULE I

About the authors

Compound Semiconductor Monitor timeline and scope

• Definition of estimated market.
• Open and captive market
• Applicative power electronics market segments
  

Changes since previous quarter and what to look out for

Compound semiconductor-based power market comparative analysis

• Power devices as a function of power and frequency
• Power device market revenues : SiC vs. GaN vs Silicon

Module I: power SiC and GaN markets

Power SiC market overview

• Power SiC device market dynamics
• Open power SiC epiwafer market dynamics
• Power SiC wafer market dynamics
• Power SiC device revenue
• Power SiC wafer shipments
• Power SiC wafer revenue
• Power SiC wafer pricing
• Power SiC epiwafer pricing
• Quarterly power SiC device revenue: Short term
• Quarterly power SiC device revenue: Long term
• Quarterly open power SiC epiwafer revenue: Short term
• Quarterly open power SiC epiwafer revenue: Long term
• Quarterly power SiC wafer revenue: Short term
• Quarterly power SiC wafer revenue: Long term

Power SiC market forecasts

• Power SiC device market by segment
• Power SiC device market shares by segment
• Open power SiC epiwafer market by segment
• Open power SiC epiwafer market shares
• Power SiC wafer market by segment
• Power SiC wafer market shares by segment

Power SiC technology

• Power SiC device market by device type ($M)
• Power SiC bare die device market by device type ($M)
• Power SiC device market forecast by operating voltage ($M)
• SiC wafer development timeline
• Power SiC wafer market by wafer size ($M)
• Power SiC wafer market by wafer size (Units)
• Open power SiC epiwafer market by wafer size ($M)
• Open power SiC epiwafer market by wafer size (Units)

Power SiC market players

• Supply chain and business model
• Suppliers' capacity
• STMicroelectronics  - Power SiC device revenue
• Wolfspeed - Power SiC device revenue
• ROHM  - Power SiC device revenue
• Infineon  - Power SiC device revenue
• onsemi  - Power SiC device revenue
• Mitsubishi Electric  - Power SiC device revenue
• Wolfspeed  - Power SiC epiwafer revenue
• Showa Denko  - Power SiC epiwafer revenue
• Wolfspeed – Power SiC wafer revenue
• Coherent  - Power SiC wafer revenue

Power GaN market overview

• Power GaN market dynamics
• Open power GaN epiwafer market dynamics
• Power GaN device revenue
• Open power GaN epiwafer market dynamics
• Open and captive power GaN epiwafer shipments
• Open power GaN epiwafer revenue
• Open power GaN epiwafer shipments
• Power GaN epiwafer pricing
• Quarterly power GaN device revenue: Short term
• Quarterly power GaN device revenue: Long term
• Quarterly power GaN epiwafer revenue: Short term
• Quarterly power GaN epiwafer revenue: Long term

Power GaN market Forecasts

• Power GaN device market by segment
• Power GaN device market shares
• Open power GaN epiwafer market by segment
• Open power GaN epiwafer market shares

Power GaN technology

• Power GaN device market by device type
• Power GaN bare die device market by device type
• Power GaN device market forecast by rated voltage ($M)
• Power GaN device market by technology platform ($M)
• Open power GaN epiwafer shipments by wafer type (in units)
• Open power GaN epiwafer shipments by wafer size (in units)
• Power GaN wafer shipments by wafer size (in units)

Power GaN market players

• Supply chain and business model
• Suppliers' capacity
• Power Integration- Power GaN device revenue
• Navitas - Power GaN device revenue
• Innoscience - Power GaN device revenue
• EPC - Power GaN device revenue
• Transphorm - Power GaN device revenue
• GaN Systems - Power GaN device revenue
• Infineon  - Power GaN device revenue
• IQE - Power GaN epiwafer revenue
• Others – Power GaN activities

Terminology and definitions

• Acronyms
• Explanation and methodology
• Formulas used
• Terminology at substrate, epitaxy and device level

Yole Group presentation

MODULE II

About the authors

Compound Semiconductor Monitor timeline and scope

• Definition of estimated market
• Open and captive market
• Applicative RF electronics market segments

Module II: changes since the previous quarter and what to look out for in the coming quarters

Compound semiconductor-based RF market comparative analysis

• RF devices as a function of power and frequency
• Technological requirements by application
• Device revenue market shares: GaN vs. Silicon

RF GaN market overview

• RF GaN market dynamics
• Open RF GaN epiwafer market dynamics
• RF GaN S.I. SiC wafer market dynamics
• RF GaN device revenue
• Open RF GaN epiwafer revenue
• Open + captive RF GaN epiwafer shipments
• Open RF GaN epiwafer shipments
• RF GaN S.I. SiC substrate revenue
• RF GaN S.I. SiC substrate shipments
• RF GaN epiwafer pricing
• RF GaN S.I. SiC substrate pricing
• Quarterly RF GaN device revenue: Short term
• Quarterly RF GaN device revenue: Long term
• Quarterly RF GaN epiwafer revenue: Short term
• Quarterly RF GaN epiwafer revenue: Long term
• Quarterly RF GaN S.I. SiC substrate revenue: Short term
• Quarterly RF GaN S.I. SiC substrate revenue: Long term

RF GaN market forecasts

• RF GaN device revenue by segment
• RF GaN device market shares by segment
• Open RF GaN epiwafer revenue by segment
• Open RF GaN epiwafer market shares by segment
• RF GaN S.I. SiC substrate revenue by segment
• RF GaN S.I. SiC substrate market shares by segment

RF GaN technology

• RF GaN device market by device type
• RF GaN bare die market shares by device type
•  RF GaN device revenue by technology platform ($M)
• S.I. SiC substrate development timeline
• RF GaN S.I. SiC substrate revenue by substrate size (by value)
• RF GaN S.I. SiC substrate volume by substrate size
• Open RF GaN epiwafer volume by substrate type
• Open RF GaN epiwafer revenue by substrate size

RF GaN market players

• Supply chain and business model
• Suppliers' capacity
• Sumitomo Electric Device Innovations (SEDI)  - RF GaN device revenue
• Qorvo - RF GaN device revenue
• Wolfspeed - RF GaN device revenue
• RF GaN: Fab locations
• IQE  - RF GaN epiwafer revenue
• Wolfspeed - RF GaN epiwafer revenue
• Wolfspeed – RF GaN S.I. SiC substrate revenue
• Coherent (renamed from II-VI) – RF GaN S.I. SiC substrate revenue
• SICC– RF GaN S.I. SiC substrate revenue
• Others – RF GaN activities

Terminology and definitions

• Acronyms
• Explanation and methodology
• Formulas used
• Terminology at substrate, epitaxy and device level

Yole Group Presentation

MODULE III

Context

• Definition of estimated market, terminology at substrate, epitaxy and device level
• Photonics application market segments

Three-page summary

GaAs photonics module III: changes since the previous quarter and what to look out for in the coming quarters

GaAs photonics market overview

• GaAs Photonic die market dynamics
• Open GaAs Photonic epiwafer market dynamics
• GaAs Photonic wafer market dynamics
• GaAs Photonic die revenue
• GaAs Photonic epiwafer shipments
• Open GaAs Photonic epiwafer revenue
• GaAs Photonic epiwafer pricing
• GaAs Photonic wafer shipments
• GaAs Photonic wafer revenue
• GaAs Photonic wafer pricing
• Quarterly GaAs Photonic die revenue: Short term
• Quarterly GaAs Photonic die revenue: Long term
• Quarterly open GaAs Photonic epiwafer revenue: Short term
• Quarterly open GaAs Photonic epiwafer revenue: Long term
• Quarterly GaAs Photonic wafer revenue: Short term
• Quarterly GaAs Photonic wafer revenue: Long term

GaAs photonics market forecasts

• GaAs Photonic die market by segment
• GaAs Photonic die market shares by segment
• Open GaAs Photonic epiwafer market by segment
• Open GaAs Photonic epiwafer market shares by segment
• GaAs Photonic wafer market by segment
• GaAs Photonic wafer market share by segment

GaAs photonics technology

• GaAs Photonic die market by device type
• Open GaAs Photonic epiwafer market by device type
• GaAs Photonic wafer market by device type

GaAs photonics market players

• Supply chain and business models
• Fab capacity estimation
• Chinese Photonics Industry
• Lumentum - GaAs Photonic die revenue
• Coherent - GaAs Photonic die revenue
• Ams OSRAM - GaAs Photonic die revenue
• IQE - GaAs Photonic epiwafer revenue
• VPEC - GaAs Photonic epiwafer revenue
• Sumitomo Electric - GaAs Photonic wafer revenue
• Freiberger Compound Materials - GaAs Photonic wafer revenue
• Trumpf - GaAs Photonic device
• Win Semiconductor - GaAs Photonic foundry

InP photonics module III: changes since the previous quarter and what to look out for in the coming quarters

InP photonics market overview

• InP Photonic die market dynamics
• InP Photonic open epiwafer market dynamics
• InP Photonic wafer market dynamics
• InP Photonic die market revenue
• InP Photonic open epiwafer market shipments
• InP Photonic open epiwafer market revenue
• InP Photonic epiwafer pricing
• InP Photonic wafer shipments
• InP Photonic wafer market revenue
• InP Photonic wafer pricing
• Quarterly InP Photonic die revenue: Short term
• Quarterly InP Photonic die revenue: Long term
• Quarterly InP Photonic open epiwafer revenue: Short term
• Quarterly InP Photonic open epiwafer revenue: Long term
• Quarterly InP Photonic wafer revenue: Short term
• Quarterly InP Photonic wafer revenue: Long term

InP photonics market forecasts

• InP Photonic die market by segment
• InP Photonic die market by application
• Open InP Photonic epiwafer market by application
• InP Photonic wafer market by application
• InP Photonic wafer volume by application

InP photonics technology

• InP Photonic die market by device type
• InP Photonic wafer market by device type
• InP Photonic wafer volume by device type
• InP Photonic wafer volume by wafer size

InP photonics market players

• Supply chain and business models
• Fab capacity estimation
• Chinese Photonics Industry
• Coherent - InP Photonic bare die revenue
• Lumentum - InP Photonic bare die revenue
• LandMark - InP Photonic epiwafer revenue
• IQE - InP Photonic epiwafer revenue
• AXT- InP Photonic wafer revenue
• Sumitomo Electric - InP Photonic wafer revenue

Conclusions

• Device revenue market shares: GaAs vs. InP
• GaAs Photonics - Long term business outlooks
• InP Photonics - Long term business outlooks

Annex: terminology and definitions

• Acronyms
• Explanation and methodology
• Open and Captive market
• Formulas used
• Laser diodes – Comparison of DFB and FP EELS and VCELS
• Technological requirements by application

SiC and GaN compound semiconductors have become key segments in the power semiconductor industry

SiC and GaN are continuing the rapid market evolution started in 2018-2019, but now have different drivers behind their growth. At first, disruptive car maker Tesla adopted SiC in its inverters. But now, another trend is reshaping the electric vehicle (EV) market, namely fast 800V EV charging, allowing shorter charging stops. SiC is the enabler, with promising performance and a growing supply chain. As of 2022, high-volume EVs, including BYD’s Han and Hyundai’s Ioniq5, using SiC are being shipped. Leading device players, such as STMicroelectronics, Infineon, Wolfspeed, onsemi, and ROHM, generated record revenues in 2021. They will each move forward to $1B SiC revenue in the 2023-2025 timeframe, with the total market exceeding $6B in 2027. Beyond automotive, now industrial, energy, and rail applications provide extra growth momentum. Capacity build-up, business integration, and new business models will lift SiC to another level in years to come.

Meanwhile, GaN is still progressing in consumer applications, mainly fast chargers for smartphones. Power Integrations and Navitas lead the market with multiple design wins with phone makers. Innoscience also announced shipments of over 30M devices by 2021. Navitas and GaN Systems recently announced they were shipping to Samsung for GaN-based 45W accessory mobile fast chargers. In Q1-22, Navitas has achieved two design wins for in-box chargers. In Q4-21, Apple adopted GaN in the MacBook Pro charger for the first time, featuring GaN Systems’ devices. In the long term, telecom and datacom applications will need high-efficiency power conversion to meet CO₂ emission objectives. On-board chargers and DC-DC converters in EVs are opportunities for GaN to grow to a $2B business in 2027. Several players, such as EPC, Transphorm, and Texas Instruments, already have automotive-qualified products and are actively working on EV designs.

A different story for GaN and SiC in RF applications

For many years, Radio Frequency (RF) GaN has been used for 4G base stations because of its outstanding performance in the power amplifier stage. Meanwhile, defense applications consistently stretch the demand for RF GaN in military radar and electronic warfare systems. However, with the US ban on Huawei, the impact of Covid, and the slowdown in base station deployment, RF GaN faced an adjustment period in 2021. As of 2022, various manufacturers are also accelerating GaN adoption in their systems for the resurgence in 5G deployment starting in 2023. And GaN-on-Si is becoming more mature as illustrated in the partnerships formed and prototypes announced. This will directly influence the supply chain from 2022 onward.

The InP industry expands from traditional datacom and telecom applications to consumer applications

The main market drivers for InP remain datacom and telecom, thanks to the unique ability of InP photonic devices to reach high bandwidth and data rates and long reach in optical transceivers. According to Yole’s analysis, the InP market will grow from $2.5B in 2021 to $5.7B in 2027. However, there is growing interest in emission and detection at wavelengths around 1300nm and 1500nm for sensing applications. We have spotted major consumer product manufacturers adopting InP for proximity sensors in wearable earbuds and in smartphones. Apple, being a key innovative player in the handset business, has reduced the notch size in the iPhone 14 Pro family to a pill shape, positioning some sensors below the OLED screen. Such a move means replacing GaAs Vertical Cavity Surface Emitting Lasers (VCSELs) with InP Edge Emitting Lasers (EELs). This could pave the road for major GaAs players to move into InP, as both materials share the same processing tools. For Light Detection and Ranging (LiDAR) applications, InP could be promising, enabling eye safety at higher wavelengths.

Apple’s 3D sensing drives the GaAs photonics market with three major suppliers

Long driven by datacom applications, VCSELs for 3D-sensing become the biggest application for GaAs photonics following Apple’s adoption in iPhone X in 2017. The total die market is worth $1.83B in 2022 and it will double in value by 2027 in Yole’s estimation. Manufacturers now use 6-inch GaAs wafer platform to achieve cost competitive high-volume production.

The competition of two business models in GaAs photonics directly reshapes the supply chain. Apple’s supplier Lumentum built partnerships with epitaxy houses and foundries in the past years, while Coherent, formerly known as II-VI, implemented vertical integration through mergers and acquisitions. Also, a new company has recently entered smartphone manufacturers’ 3D sensing ecosystem. In the epiwafer market, IQE is the major supplier. What will the competition between main players look like? And how will the return of Android cellphone manufacturers change the GaAs photonics market in the future?

InP vs GaAs: Will fierce competition lead one to dominate?

After years of speculation, InP adoption in consumer applications has happened in 2022. Does this imply a complete transformation in the sensing material platform from GaAs to InP in smartphones in coming years? According to industry feedback, GaAs will not be limited to the near infra-red wavelength range. We have seen the development of long wavelength dilute nitride GaAs lasers that emit light with wavelength around 1300nm by IQE. Will this technology be able to satisfy cellphone manufacturers’ needs? When can it be adopted? The competition between GaAs and InP could also extend to LiDAR. High power GaAs based time-of-light LiDARs that can reach up to 200m detection range are currently entering the production phase. Will GaAs and InP compete in 3D sensing for handsets and LiDAR for automotive? What are the device players’ strategies in GaAs and InP photonics? Can InP leverage GaAs processes?

Yole Intelligence provides answers to these questions and gives detailed profiles and analyses of the main suppliers on a quarterly basis. This monitor addresses all the dynamic markets in the compound semiconductor industry from SiC and GaN power, GaN RF to GaAs and InP Photonics, covering wafer and epiwafer as well as bare die and device market sizes, updated on a quarterly basis.

Key Features 

• Quarterly data update
• Market forecast through 2027 in M$US for devices, wafers and epiwafers and units for wafers and epiwafers for Power SiC, Power GaN, RF GaN, GaAs photonics and InP photonics applications
• Market forecast through 2027 by market segment including automotive, consumer, telecom, and energy in M$US revenue
• Market forecast breakdown by technology including discrete, module and wafer size
• Market players at device, epiwafer and wafer level for Power SiC and Power GaN including STMicroelectronics, Wolfspeed, ROHM, Infineon, Onsemi, Mitsubishi Electric, Showa Denko and Coherent for SiC and Infineon, EPC, Power Integrations, Transphorm, GaN Systems, Navitas, Innoscience and IQE for GaN, from 2019 to present by M$US revenue
• Market players at device, epiwafer and wafer level for RF GaN including Sumitomo Electric Device Innovations, Qorvo, Wolfspeed, IQE, Coherent and SICC for GaN from 2019 to present by M$US revenue
• Market players at device, epiwafer and wafer level for photonic GaAs, including Lumentum, Coherent, ams OSRAM, IQE, VPEC, Sumitomo Electric and Freiberger from 2019 to present by M$US revenue
• Market players at device, epiwafer and wafer level for photonic InP including Coherent, Lumentum, Landmark, IQE, Sumitomo Electric and AXT from 2019 to present by M$US revenue

Ams OSRAM, AXT, Coherent, EPC, Freiberger Compound Materials, GaN systems, Infineon, Innoscience, IQE, Landmark, Lumentum, Mitsubishi Electric, Navitas, Onsemi, Power Integrations, Qorvo, ROHM, Showa Denko, SICC, STMicroelectronics, Sumitomo Electric, Sumitomo Electric Device Innovations (SEDI), Transphorm, VPEC, Wolfspeed, and more