Electronics.ca Publications, the electronics industry market research and knowledge network, announces the availability of a new report entitled “Compound Semiconductor Materials: Technology, Developments and Markets.” According to a new market research report available at Electronics.ca Publications, Compound Semiconductor Materials: Technology, Developments and Markets, the global market for compound semiconductors was worth $16.0 billion in 2007. This is expected to increase to $33.7 billion in 2012, for a compound annual growth rate (CAGR) of 17.3%.
The compound semiconductors market includes wireless electronic devices, optical data storage, Fiber optics communication, illumination, solar cells, new markets, and other compound semiconductors. Wireless electronic devices have the largest market share, generating revenues of $5.7 billion in 2007. This is expected to increase at a CAGR of 10.8% to reach $9.6 billion in 2012.
Other compound semiconductors have the second largest share of the market with $4.6 billion in revenues in 2007 and an expected $6.4 billion in 2012, representing a CAGR of 6.7%.
The illumination segment generated revenues of just under $2.0 billion in 2007, expected to increase to $2.3 billion in 2012, for a CAGR of 4.2%.
Optical data storage and fiber optics communication both had sales exceeding $1.0 billion in 2007 with expectations for high growth in the next five years. Optical data storage is expected to grow at a CAGR of 15.8% to reach $3.4 billion in 2012, while fiber optics communication should grow at a CAGR of 39.5% to reach $6.1 billion in revenues in 2012.
New markets for compound semiconductors generated revenues just under $1.0 billion in 2007, expected to increase to $4.0 billion in 2012 for a CAGR of 34.8%. Solar cells have the smallest market share with $9.0 million in 2007, although this is expected to grow at a CAGR of 85.0% to reach almost $2.0 billion in 2012.
Although the compound semiconductor industry currently represents about 6% of the total semiconductor revenues world-wide, it is also growing about 50% faster than the semiconductor industry overall, and is expected to almost double its share in semiconductor revenues by 2012.
More information: Electronics.ca Publications