[URL=https://www.industryarc.com/Research/Indium-Phosphide-Wafer-Market-Research-509500?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Indium Phosphide Wafer Market[/URL] Size is forecast to reach $82.8 million by 2026, at a CAGR of 8.12% during 2021-2026. The indium phosphide wafers offers a superior electron velocity as compared to other popular semiconductors such as silicon. Indium phosphide (InP) wafer is manufactured from indium iodide and white phosphorus at the temperature of 400 °C and it is manufactured by integrating the clean components at high pressure and high temperature. The InP wafers are finding their application in optoelectronics as they have higher electron mobility, lower power consumption, higher thermal conductivity, higher frequency, and low noise performance compared to other wafers.Key Takeaways
High adoption of advanced semiconductor devices such as transistors, MEMS and others in industries owing to emerging technologies and precision in telecommunications set to drive the market growth.
Telecommunications sector is expected to witness a highest CAGR of 9.01% during forecast period, owing to investments on wireless communication infrastructure in countries such as China and India. These investments have created the opportunities for Indium Phosphide Wafer Equipment.
APAC is witnessing a major growth in the market owing to the surge in automotive industry and Consumer electronics industry where these indium phosphide wafers are used for advanced communication systems and manufacturing of portable devices.
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Indium Phosphide Wafer Market Segment Analysis - By Geography
Indium Phosphide Wafer Market in Asia-Pacific region held significant market share of xx% in 2020. Growth of consumer electronics sector accompanied with wireless network infrastructure are set to drive the Indium Phosphide Wafer Market here. Rapid implementation of advanced technology to build efficient and cost-effective data storage infrastructure has helped businesses invest in data centres. 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.
Indium Phosphide Wafer Market Drivers
Growth of Telecommunication sector
Growth of InP wafers in the Medical sector
Indium Phosphide Wafer Market Landscape
Indium Phosphide Wafer Market top 10 companies include 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
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