Global Semiconductor Materials Market to Benefit from Rising Demand for Mobile Devices : PMR
Industry: Manufacturing
New York (PRUnderground) October 13th, 2015
The latest report, titled “Compound Semiconductor Materials Market: Global Industry Analysis and Forecast to 2015 to 2021”, from Persistence Market Research offers key insights into the market. According to the report, the global compound semiconductor materials market will witness good growth in the coming few years.
The global compound semiconductor materials market is primarily driven by the growing use of wireless technologies and optoelectronics devices. The global compound semiconductor materials market benefits from the high demand from the optoelectronic devices segment. In addition to this, the global compound semiconductor materials market will also be driven by the accelerating demand for mobile and wireless devices. The increasing number of applications of compound semiconductor materials in the industrial sector will further propel the global compound semiconductor materials market. Nevertheless, the global compound semiconductor materials market will be suppressed by the high manufacturing costs of compound semiconductor devices.
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On the basis of geography, the global compound semiconductor materials market is divided into Latin America, Asia Pacific, Europe, and North America. The APAC region dominates the global compound semiconductor materials market in terms of demand. This regional market is projected to show the fastest growth in the global compound semiconductor materials market due to the elevated demand from its optoelectronics and wireless technologies industries. North America is the second largest regional market in the global compound semiconductor materials market. High demand from the U.S. in North America will drive this regional market in the foreseeable future. The Europe compound semiconductor materials market is driven by the advancement in wireless technologies and the expanding solar cell industry.
The key players operating in the global compound semiconductor materials market are Nichia Corporation, Momentive, Galaxy Compound Semiconductors, Dow Corning Corporation, Cree Inc., and Air Products and Chemicals. Players in the global compound semiconductor materials market will benefit from the opportunity presented by the expanding solar cell industry.
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