Lucintel's latest market report analyzed that IV-IV compound semiconductor provides attractive opportunities in the healthcare, automotive, aerospace & defense, telecommunication, and consumer electronic industries. The IV-IV compound semiconductor market is expected to reach $29.4 billion by 2028 with a CAGR of 7.0%. In this market, SiC is the largest segment by type, whereas telecommunication is largest by end use industry.
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Based on type, the IV-IV compound semiconductor market is segmented into SiC, SiGe, and others.. The SiC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand for optoelectronic devices that are utilized for detecting and controlling light.
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The IV-IV Compound Semiconductor Market is marked by the presence of several big and small players. Some of the prominent players offering IV-IV compound semiconductor include Nichia, Samsung Electronic, Osram, Qorvo, Skyworks, ON Semiconductor, GAN Systems, Mitsubishi Electric, Infineon, and NXP.
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