Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Indium Phosphide Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.7% during the review period (2022 to 2027).
Indium phosphide is a chemical compound comprising indium and phosphorus. It has several applications in electronics, optics, semiconductors as well as machinery manufacturing. Indium phosphide can be used to make solid-state devices such as transistors which are also known as diodes or rectifiers. These find application in high-frequency circuits coupled with low power consumption for switching of the signal flow among diverse electrical components. This compound is available both in amorphous form and crystalline phase depending on its preparation method.
Telecommunications is anticipated to witness a highest CAGR of 9% during the forecast period 2022-2027, owing to the demand for optical fibers in wireless network. Telecommunication systems offer higher order of magnitude along with energy productivities, and lower environmental impact, compared with incumbent systems, e.g. copper. Due to which the InP wafers are used. With the growing requirement of more data transfer at higher speeds, transceiver technology is migrating to the technology offering better rates (100GbE and 400GbE), for which InP is more promising and the ability to support the continued explosion of storage requirements and growth of data transmission over the coming years is becoming paramount.
Industry Developments:
2021, AXT, Inc. launched 6-inch diameter indium phosphide compound semiconductor substrate. It has high uniformity and low defect density used in communication system.
2019, a new lab of INP laser fab facility in China was opened up by source photonics to double the production capacity of photonic components and lasers. The company will be able to double its production of semiconductor lasers and related components for optical transceivers.
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Logitech Ltd., JX Nippon Mining and Metals Corporation, Sumitomo Electric Industries Ltd., Ding Ten Industries Inc., Wafer World Inc., Semiconductor Wafer Inc., Western Minmetals (SC) Corporation, AXT, Inc., Powerway Advanced Materials Co. Ltd., Century Goldray Semiconductor Co. Ltd. Among others and others.
Indium Phosphide Market is segmented based on the Types, applications, End users, companies and regions.
Global Indium Phosphide Market, by Types
Global Indium Phosphide Market, by Application
Development of consumer electronics sector accompanied with wireless network infrastructure is set to drive the Indium Phosphide Wafer Market here. Fast implementation of advanced technology to build effective and cost-effective data storage infrastructure has helped businesses invest in data centers. This in turn has influenced the development of optics in the in the countries such as China, India, Japan and others where InP wafers ensures faster interconnects between data centers. In Australia, investment by the Federal Government in the roll-out of the national broadband network (NBN) has underpinned the rapid growth of the optical fiber industry in the area over the past five years.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 24.7% during the review period (2022 to 2027). |
By Types
|
|
By Application |
|
By Companies | Logitech Ltd., JX Nippon Mining and Metals Corporation, Sumitomo Electric Industries Ltd., Ding Ten Industries Inc., Wafer World Inc., Semiconductor Wafer Inc., Western Minmetals (SC) Corporation, AXT, Inc., Powerway Advanced Materials Co. Ltd., Century Goldray Semiconductor Co. Ltd. Among others |
Regions Covered |
|
Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 90 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Indium Phosphide Market is studied from 2017 - 2027.
What is the growth rate of Indium Phosphide Market?
The Indium Phosphide Market is growing at a CAGR of 3.7% over the next 5 years.
Who are the leading key players in Indium Phosphide Market?
Logitech Ltd., JX Nippon Mining and Metals Corporation, Sumitomo Electric Industries Ltd., Ding Ten Industries Inc., Wafer World Inc., Semiconductor Wafer Inc., Western Minmetals (SC) Corporation, AXT, Inc., Powerway Advanced Materials Co. Ltd., Century Goldray Semiconductor Co. Ltd. Among others
What regions regions does this Indium Phosphide Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Indium Phosphide Market?
Industrial Grade, Electronic Grade
What are the significant applications of Indium Phosphide Market?
Wireless Communication, Optoelectronic Devices
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.