North American Dominating Compound Semiconductor Market The total value of the compound semiconductor market was USD 38,552 million in 2022, and it will rise at a growth rate of above 6.10% shortly, reaching USD 61,911 million by 2030, according to P&S Intelligence. The development can be mainly credited to the increasing demand for SiC devices in power electronics. Moreover, the growing need for consumer electronics boosts the sale of semiconductors throughout the globe. As per the Semiconductor Industry Association, semiconductor sales stood at USD 152.5 billion in quarter two of 2022, which was a surge of 13.3% from 2021. In 2022, the GaN category held the largest compound semiconductor market share, of above 30%, and the category is projected to remain dominant in the future as well. GaN upholds a low conduction resistance and high breakdown voltage, which enable them for high-speed switching and the reduction of equipment. Furthermore, GaN devices can effortlessly aid high electron mobility and densities due to their small size. In 2022, the telecommunications category held the largest revenue share, at 44%, and it is projected to be in the top spot throughout the projection period. The growing utilization of GaN, GaAs, SiGe, and InP compound semiconductors in phones and other wireless communication channels is driving the growth of the market. Read More: https://www.psmarketresearch.com/market-analysis/compound-semiconductor-market