The global compound semiconductor market is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a CAGR of 7.3%. Major factors driving the growth of the compound semiconductor market are rise in demand and implementation of GaN and SiC in semiconductor industry, high use of compond semiconductors in LED applications, and increase in government and stakeholder funding.
Nichia (Japan)-
Nichia (Japan) was ranked first in the compound semiconductor market in 2018. Nichia was founded in 1956 and is headquartered in Tokushima, Japan. Nichia is involved in the development, manufacturing, and sale of fine chemicals, particularly inorganic luminescent materials (phosphors). It was the first company to invent and commercialize blue LEDs in 1993 and then developed the world’s first white LED by combining yellow phosphor and blue LED, followed by the successful development of blue–violet semiconductor laser. Further, the invention of nitride-based LED and laser diodes led to the technological innovation of light source in the field of display, general lighting, automotive, industrial equipment, and medical care and measurement. In November 2018, Nichia launched color tunable Chip-on-Board (COB) series general lighting LEDs—NJCWL024Z-V1MT and NVCWJ024Z-V1MT.
Samsung Electronics-
It held the second position in the compound semiconductor market in 2018. The company launched the LED business in 1995 through its subsidiary Samsung Electro-Mechanics. In 2006, Samsung Electronics developed 1 W high power LED package for lighting applications. In 2011, the LED business was merged with Samsung Electronics. The major business for the compound semiconductor market for Samsung is through the LED business. The LED business mainly caters to applications such as lighting, automotive, and display and mobile. The company mainly offers LEDs using CSP technology and phosphor-on-wafer (PoW) technology. The company provides lighting systems including modules for various uses in displays, mobile devices, automotive, and smart lighting solutions. The company operates in 4 business divisions: Consumer Electronics (CE), Information Technology & Mobile communications (IM), Device Solutions (DS), and Harman. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (Semiconductor), and LCD and OLED panels in the display business (DP). In March 2018, Samsung Electronics launched LM101B, LH181B, and LH231B using CSP technology.
Related Reports:
Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography - Global Forecast to 2024