The most recent updates to global market reports by The Business Research Company include the latest market sizing data for 2023, projecting trends up to 2032.

According to The Business Research Company’s Indium Phosphide Compound Semiconductor Global Market Report 2023, the forecast period is expected to witness substantial growth in the indium phosphide compound semiconductor market.

Key insights from the indium phosphide compound semiconductor market forecast are as follows:

1. Market Size:

The global indium phosphide compound semiconductor market size is projected to increase from $5.18 billion in 2022 to $5.72 billion in 2023, with a compound annual growth rate (CAGR) of 10.46%. By 2027, the market size is expected to reach $8.64 billion, with a CAGR of 10.86%.

2. Major Driver:

The escalating demand in the aerospace and defense industries is set to drive the growth of the indium phosphide compound semiconductor market in the forthcoming period. For instance, in November 2022, the Aerospace Industries Association (AIA), a US-based trade association, reported an 11.2% increase in exports in the aerospace and defense industry, totaling $100.4 billion between 2020 and 2021. This upswing in demand within the aerospace and defense sectors is a pivotal factor fueling growth in the indium phosphide compound semiconductor market.

View More On The Indium Phosphide Compound Semiconductor Market Report 2023 – https://www.thebusinessresearchcompany.com/report/indium-phosphide-compound-semiconductor-global-market-report

3. Key Trend:

A prominent trend gaining traction in the indium phosphide compound semiconductor market is the embrace of technological advancements. Companies within this market are adopting new technologies to maintain their competitive positions. For example, in May 2023, Infinera, a US-based optical networking solutions company, successfully conducted industry-first testing of point-to-multipoint coherent pluggable transceiver technology in Japan, in collaboration with Sumitomo Electric. This testing showcased the role of XR optics technology in assisting network operators in Japan to effectively manage 5G bandwidth expansion. Indium phosphide, with its ability to handle high frequencies and power, is ideally suited for high-speed transmission in XR optics technology.

4. Major Players:

Key players in the indium phosphide compound semiconductor market include AXT Inc., Sumitomo Electric Industries Ltd., II-VI Incorporated, Wafer World Inc., IQE PLC., IntelliEPI, Xiamen Powerway Advanced Material Co. Ltd., Infinera, Keysight Technologies, Beijing Tongmei Xtal Technology Co., MACOM Technology Solutions, Logitech Ltd., Semiconductor Wafer Inc., CoorsTek, and Samsung Semiconductor Inc.

5. Top Market Segments

The global indium phosphide compound semiconductor market is segmented –

1) By Product: Power Semiconductors, Transistors, Integrated Circuits, Diodes And Rectifiers, Other Products

2) By Application: Power Electronics, Sensing, Photonics, Rf (Radio Frequency) And Microwave, Quantum

3) By End-User: IT And Telecom, Industrial And Energy And Power, Aerospace And Defense, Automotive, Consumer Electronics, Healthcare, Test And Measuring Instruments, Other End-Users

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The Indium Phosphide Compound Semiconductor Global Market Report 2023  provides a comprehensive analysis of the indium phosphide compound semiconductor market size, trends and drivers, opportunities, strategies, and company analysis. Covered countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The major seven regions featured are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Semiconductor And Related Devices Global Market Report 2023

Semiconductor And Other Electronic Component Global Market Report 2023

Semiconductor Machinery Global Market Report 2023

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