/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow UsWELLESLEY, USA: According to a new technical market research report, COMPOUND SEMIDONDUCTOR MATERIALS: TECHNOLOGY, DEVELOPMENTS AND MARKETS from BCC Research, the global market for compound semiconductors was worth $16 billion in 2007. This is likely to increase to $33.7 billion in 2012, for a CAGR of 17.3 percent.
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 percent 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 percent.
The illumination segment generated revenues of just under $2 billion in 2007, expected to increase to $2.3 billion in 2012, for a CAGR of 4.2 percent.
Optical data storage and fiber optics communication both had sales exceeding $1 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 percent to reach $3.4 billion in 2012, while fiber optics communication should grow at a CAGR of 39.5 percent 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 billion in 2012 for a CAGR of 34.8 percent. Solar cells have the smallest market share with $90 million in 2007, although this is expected to grow at a CAGR of 85 percent to reach almost $2 billion in 2012.
Although the compound semiconductor industry currently represents about 6 percent of the total semiconductor revenues worldwide, it is also growing about 50 percent faster than the semiconductor industry overall, and is expected to almost double its share in semiconductor revenues by 2012.