Global Compound Semiconductor Market Size, Share and Forecast Analysis to 2023
Global Compound Semiconductor Market Size and Growth Rate:
According to research cosmos recent report predicts that the global compound semiconductor market size is valued at USD $ 65,623 Million in 2016 and it is expected to reach USD $ 132,586 Million with a registered CAGR of 10.3 % by end of the year 2023.
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Global Compound Semiconductor Market Growth drivers:
The increasing penetration of internet and preference for m-commerce will increase the demand for smartphones, which will increase the growth of the compound semiconductor market. It is also expected that the increasing adoption of LED in consumer electronics will drive growth in this market.
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Geographical Insights of Global Compound Semiconductor Market:
Region Asia-Pacific is expected to grow rapidly due to industrial development and urbanization, particularly in emerging markets such as India, China and South Korea. Due to growing demand for energy applications and industrial automation, the compound semiconductor market is expected to experience strong growth.
Prominent Players Operating in Compound Semi – Conductor Market:
- Freescale Semiconductor (U.S)
- Taiwan Semi-Conductors Manufacturing Company Limited (Taiwan)
- LM Ericsson Telefon Ab (Sweden)
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