Market and Technology Trends

Status of the Compound Semiconductor Industry 2024

By Yole Intelligence

The compound semiconductor substrate and epiwafer market is projected to reach $5.8B by 2029, driven by robust expansion in power and photonics applications. As MicroLED advances, RF explores new market opportunities.


Key Features

  • 2019-2029 forecast for CS substrates and epiwafers for power, RF, photonics, LEDs and displays (Units, $M).
  • 2019-2029 forecast for InP photonic substrates and epiwafer market split by application (Datacom, Telecom, - Consumer sensing, Consumer wearable sensing, Automotive LiDAR, Medical sensing, and others (Units, $M).
  • Mega market trends in automotive and mobility, defense and aerospace, Industrial Medical , Mobile and consumer, telecom and infrastructures applications.
  • Overview of the technology trends in CS related devices with a special focus on InP trends.
  • Analysis of the game changing news in the CS industry that happened in 2023.
  • Focus on epitaxy equipment for CS industry with a 2019-2029 forecast split by technology and CS material.
  • Overview of CS substrate and epiwafer supply chain and business synergies including a specific focus on China.

What's new?

  • 2019-2029 forecast for all the CS substrates and epiwafers with a special focus on the InP photonics market, split by application.
  • Raw materials for CS substrates with a focus on Ga, InP and SiC powder.
  • New chapter on epitaxy equipment for CS substrates including 2019-2029 forecast split by technology and CS substrate materials.
  • Overview of the CS epitaxy equipment supply chain and technology trends.

Product Objectives

  • To provide context on the Compound Semiconductor (CS) markets in RF, Power, Photonics, and Display applications and forecasts for the 2019-2029 timeframe
    • What has been the game-changing news in the CS industry over the last few years?
    • What are the key drivers growing the CS market?
    • What are the CS substrate and epiwafer market values and volumes by application and technology?
    • What is the status of the InP photonics market?
  • To analyze the industry trends for each CS substrate
    • What are the opportunities for CS in different market verticals, and how well have they been adopted?
    • What about the competition between the various Compound Semiconductors and mature Si technology?
  • To review the CS ecosystems
    • Players and strategies at different levels of the supply chain
    • Synergies between industries and players
    • Special focus on capacity expansion of players in the CS industry
    • Special focus on epitaxy equipment
    • Significant events and latest trends of market players
    • The developmental focus in different regions
  • Technology trends for GaAs, InP, GaN-on-Si, GaN-on-SiC, GaN-on-sapphire, and SiC substrates as well as emerging substrates
    • What are the latest technological developments?
    • What are the benefits and challenges?
    • Technology maturity and market status of emerging substrates: bulk GaN, Ga2O3, AlN, Single crystal diamond, engineered substrates, Antimonides.


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