The Global Compound Semiconductor Market is expected to grow by $ 11.74 bn during 2020-2024 progressing at a CAGR of 6% during the forecast period

New York, Aug. 18, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Compound Semiconductor Market 2020-2024" -
Our reports on compound semiconductor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for enhanced power density, rising adoption of smartphones and growing demand for wide-bandgap power devices. In addition, increasing demand for enhanced power density is anticipated to boost the growth of the market as well.
The compound semiconductor market analysis includes end-user segment and geographic landscapes.

The compound semiconductor market is segmented as below:
By End-user
a?? Consumer Electronics
a?? Communications
a?? Defense And Aerospace
a?? Automotive
a?? Others

By Geographic Landscapes
a?? APAC
a?? North America
a?? Europe
a?? South America
a?? MEA

This study identifies the growing adoption of EVs and HEVs as one of the prime reasons driving the compound semiconductor market growth during the next few years. Also, rising adoption of renewable energy sources and increasing industry automation will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our compound semiconductor market covers the following areas:
a?? Compound semiconductor market sizing
a?? Compound semiconductor market forecast
a?? Compound semiconductor market industry analysis

Read the full report:

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