LAMEA Indium Phosphide Compound Semiconductor Market By End User, By Application, By Product, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

The Latin America, Middle East and Africa Indium Phosphide Compound Semiconductor Market is expected to witness market growth of 13.1% CAGR during the forecast period (2021-2027).

Compound semiconductors are made up of two or more elements from the same or distinct periodic table groups. Various deposition processes, including chemical vapour deposition, atomic layer deposition, and others, are used to make them. There are many manufacturers that are introducing advanced and innovative compound semiconductors. Furthermore, compound semiconductors' lower manufacturing costs have enhanced their use in electronic and mobile devices. High-frequency and high-power electrical devices frequently use indium oxide wafers. Because indium phosphide emits and detects wavelengths above 1000nm, it is widely employed in high-speed fibre optic communication.

The increasing adoption of electric vehicles across various nations of this region for better and sustainable development is expected to boost the demand for indium phosphide compound semiconductor in this region in the coming years. Compound semiconductors are in high demand in the electric car business. They have a great heat resistance, which contributes to increased adoption. Along with that, since various governments across the Middle East region are heavily investing in the defense sector, manufacturers is expected to utilize these semiconductor devices in military products.

The Brazil market dominated the LAMEA Indium Phosphide Compound Semiconductor Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $113.5 million by 2027. The Argentina market is anticipated to grow at a CAGR of 13.7% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 12.8% during (2021 - 2027).

Based on End User, the market is segmented into Telecom & IT, Aerospace & Defence, Healthcare, Industrial, Energy & Power, Automotive, Consumer Electronics, Test & Measuring Instruments and Others. Based on Application, the market is segmented into Power Electronics, Sensing, Photonics, RF or Microwave and Quantum. Based on Product, the market is segmented into Power Semiconductors, Diodes & Rectifiers, Integrated Circuits, Transistors and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., II-VI Incorporated, AXT, Inc., Semiconductor Wafer, Inc., Wafer World, Inc., IQE plc, MACOM Technology Solutions Holdings, Inc., and Xiamen Powerway Advanced Material Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By End User

• Telecom & IT
• Aerospace & Defense
• Healthcare
• Industrial
• Energy & Power
• Automotive
• Consumer Electronics
• Test & Measuring Instruments
• Others

By Application

• Power Electronics
• Sensing
• Photonics
• RF or Microwave
• Quantum

By Product

• Power Semiconductors
• Diodes & Rectifiers
• Integrated Circuits
• Transistors
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Sumitomo Electric Industries, Ltd.
• II-VI Incorporated
• AXT, Inc.
• Semiconductor Wafer, Inc.
• Wafer World, Inc.
• IQE plc
• MACOM Technology Solutions Holdings, Inc.
• Xiamen Powerway Advanced Material Co., Ltd.

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