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Composite Semiconductor Market – Growth, Trends, Impact of COVID-19, and Forecast (2022)

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The compound semiconductor market is expected to register a compound annual growth rate of 11% over the forecast period. The COVID-19 pandemic has halted the manufacturing of many products in the composite semiconductor production industry due to continued lockdowns in critical global regions.

NEW YORK, Dec. 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of report “Composite Semiconductor Market – Growth, Trends, Impact of COVID-19, and Forecast (2022 – 2027)” – https://www.reportlinker.com/ p06317787/?utm_source=GNW
In addition, nationwide lockdowns imposed by governments around the world have hit sectors and disrupted supply chains and manufacturing operations across the globe. Most manufacturing operations, including factory floor work, were significantly affected, resulting in lower productivity.

the main points
A compound semiconductor is composed of two or more elements from different or the same group of the periodic table. They are manufactured using different types of deposition techniques, such as chemical vapor deposition, atomic layer deposition, and others. They have unique properties like high temperature and heat resistance, enhanced frequency, higher sensitivity to magnetism, faster operation and optoelectronic features are some of the major advantages that increase their demand. Moreover, the decrease in the manufacturing cost of composite semiconductors has led to an increase in their application in electronic and mobile devices.
The ability of composite semiconductors to emit and sense light in the form of general illumination (LEDs), lasers and fiber optic receivers is driving demand. The decrease in the cost of manufacturing and installing LED lights has led to an increase in their application in lamps and fixtures in all sectors. Megacities focus investment in infrastructure development to meet the needs of a growing population, and governments help customers install energy-efficient lighting sources to reduce electricity consumption costs.
For example, during the pandemic, EESL (Energy Efficiency Services Limited) celebrated the completion of its one-year government project called the Unnat Jyoti Program (UJALA). Under this program, it has replaced more than 10.6 million streetlights with LED lights to reduce carbon dioxide emissions by 20 million tons and the cost of electricity. Such initiatives promote a well-thought-out market.
In 2020, Taiwan Semiconductor Manufacturing Company (TSMC) sourced about 31% of parts domestically in China, which increased to 31% in 2021.
According to the US Department of Energy (DOE), LED lights use about 75-80% less energy than traditional incandescent bulbs and about 65% less energy than halogen bulbs. Commercial organizations need lighting for a long time, whether for long working hours, safety and security in a warehouse or manufacturing facility, or other uses. Thus, switching to LED lights can save millions of dollars annually. For example, energy recovery customers in the United States can save about 20-55% on their electric utility bills by replacing outdated lighting systems with more modern LED lighting. Therefore, the shift towards LED adoption is driving measured market growth.
The smartphone is the main consumer of composite semiconductors. The smartphone market has been very competitive in recent years. The increasing use of mobile phones is expected to drive the global market. For example, according to Ericsson Mobility Report 2022, by the end of 2027 there will be 4.4 billion 5G subscriptions globally, accounting for 48% of all mobile subscriptions.
IoT applications are increasing, and it is expected to boost composite semiconductor sales. Moreover, the wireless sector is expected to grow with the growth in 5G networks. 5G also points to the potential for consumers to upgrade their mobile devices or devices to drive the global adoption of composite semiconductors.
The composite semiconductor industry is one of the most complex industries, not only because of the more than 500 processing steps involved in manufacturing and various products but also because of the harsh environment it faces, for example, the volatile electronic market and unpredictable demand.

Major market trends

Optoelectronics achieves significant growth during the forecast period

The photovoltaic products covered in the scope of the study include photodiodes, phototransistors, optical spectrum analyzers, solar panels and other optoelectronic devices, except for LED products.
GaN-based transistors are breaking new ground, particularly in optoelectronics, compared to SiC-based transistors, because they are faster and more efficient. GaN has 1,000 times the electron mobility of silicon, along with relatively stable workability at higher temperatures. ?
Recent advances in optoelectronics such as plasmonic nanostructures, perovskite transistors, photoactive quantum dots, microscopic light bulbs, low-cost 3D imaging, laser-driven 3D display technology, and Li-Fi lasers are expected to cause a shift in application fields. Dynamic optoelectronic devices.
In September 2021, the National Science Foundation (NSF) announced that it would support a new project that seeks to give atomic-level resolution to the devices and technologies that underlie much of modern life and will revolutionize industries such as information technology in the years to come. The Center for Integration of Modern Optoelectronic Materials on Demand, or IMOD, is a partnership of scientists and engineers from 11 universities headed by the University of Washington. These initiatives will further drive the studied market.
In June 2022, researchers in the United States (University of Central Florida) and South Korea created multi-length photoelectronic synapses that enable detection, storage, and processing of optical data in the same device. The resulting artificial optical system in the sensor, which greatly improves the processing efficiency and image identification accuracy, may be used by robots, self-driving cars, and machine vision in the future. Like the human eye, where the retina carries optical data through synapses, an optoelectronic synapse allows optical data sensing, memory, and processing to be integrated into the same device.
Furthermore, in August 2022, Yokogawa launched two new Optical Spectrum Analyzers (OSAs) to meet market demand for an instrument capable of measuring a wide range of wavelengths to meet unique needs in optical product expansion and manufacturing. The Yokogawa AQ6375E and AQ6376E are the only grid-based OSA that covers SWIR (Short Wavelength InfraRed) above 2 microns and MWIR (Medium Wavelength Infrared) over 3 microns, with advanced optical performance.

The Middle East and Africa are experiencing significant growth

Prominent countries in the Middle East and Africa, such as Saudi Arabia, Egypt and the United Arab Emirates, have some of the largest renewable energy programs in the region. Composite semiconductor devices play an important role in controlling generation and network connectivity of renewable energy sources.
Moreover, the semiconductor industry is slowly gaining momentum in the Middle East and Africa, which creates great opportunities for market growth.
For example, in March 2022, King Abdulaziz City for Science and Technology (KACST) announced the launch of the Saudi Semiconductor Program, the first of its kind in the region, which aims to support research and development and qualify specialists in this field. The field of design and localization of electronic chips.?
Also, in April 2021, Kenya became the first country in Africa to launch a nanotechnology and semiconductor manufacturing plant. The facility is being constructed in Nyeri County, Central Kenya, by Semiconductor Technologies Limited (STL) on 177 acres in the Science and Technology Park of the DedanKimathi University of Technology in a public-private partnership arrangement. The increasing initiatives taken to boost the overall semiconductor industry in these regions creates a positive outlook for the growth of the studied market.
Moreover, Dubai is expected to spend millions of dirhams on incentives to get 42,000 electric cars on its streets by 2030. GM expects to increase sales in the Middle East and Africa with the launch of the Chevrolet EV. The number of green charging stations for electric vehicles in Dubai could be doubled as part of the “Smart Dubai” initiative, which aims to make Dubai the smartest and happiest city in the world. Dubai Electricity and Water Authority announced the completion of the second phase of the “Green Charger” initiative, which included the installation of 100 additional green charger stations across Dubai.
According to the Real Climate Project, the world’s largest concentrated solar power plant is scheduled to be completed by the end of 2021 near Dubai, and is expected to have a capacity of 1,000 megawatts. Dubai aims to produce 75% of its energy from clean sources by 2050, and the target energy mix for 2030 is 25% from solar energy. These initiatives are driving market intelligence in the region.

Competitive scene

The Composite Semiconductor Market is highly competitive and dominated by several major players such as Broadcom, Skyworks Solutions, Cree, Qorvo, Analog Devices, OSRAM, GaN Systems, Skyworks Solution, and Infineon Technologies. These major players with prominent market share are focusing on expanding their client base across foreign countries. These companies take advantage of strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advances and product innovations, medium to smaller sized companies are increasing their market presence by securing new contracts and tapping into new markets.

June 2022 – AMS OSRAM announces that Taiwan-based Ledtech has selected OSLON UV 3636 UV-C LEDs for the sterilization function of its new BioLED smart air purifier. BioLED’s OSLON UV 3636 LEDs can inactivate up to 99.99% of viruses, including SARS-CoV-2, at a dose rate of 3.6 mJ/cm2.
June 2022 – Vitesco signs an agreement with Infineon Technologies to supply silicon carbide power semiconductors. The new partnership with Infineon also includes the targeted development of SiC devices specifically for Vitesco’s e-mobility applications.
May 2022 – Qorvo introduced a new generation of 1200V SiCFETs. The new UF4C/SC series of 1200V Gen 4 SiCFETs (from recently purchased UnitedSiC Corporation) are designed for 800V bus engineering in electric vehicle compact chargers, industrial battery chargers, industrial power supplies, DC/DC solar inverters, welding machines, uninterruptible power supplies, and induction heating applications.
May 2022 – ON Semi announces that NIO Inc. , a global automaker, has selected the company’s latest VE-Trac Direct SiC power units for its next-generation electric vehicles. Silicon carbide (SiC)-based power units enable longer range, higher efficiency and faster acceleration for electric vehicles.

Additional benefits:

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