Compound Semiconductor Market Booming: GaN Leads the Charge
The compound semiconductor market is on a growth trajectory, expected to reach $55.8 billion by 2027. This surge is driven by two key factors: Rising Adoption in LEDs and Datacom: LED applications are a major growth engine, with GaN being increasingly used in general lighting, signage, and automotive applications. Additionally, the demand for high-speed and advanced devices in data communication is fueling the market. GaN: The Star Material Gallium Nitride (GaN) is the star player in the compound semiconductor market. Its unique properties make it ideal for various applications: Power electronics Radio frequency (RF) devices Lighting Lasers This versatility has led to GaN’s adoption across diverse industries, including automotive, telecommunications, consumer electronics, and defense. Notably, the RF industry’s need for high power amplification at high frequencies has been a major driver for GaN’s growth. Telecom Drives the Market The telecommunication segment reigns supreme in the c