Lucintel Forecasts Emerging Semiconductor Substrate Market to Grow at a CAGR of 29.1%
- August 16th, 2021
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Dallas, TX / CRWE PRESS RELEASE / Aug. 16, 2021 - According to the recent study the emerging semiconductor substrate market is projected to grow at a CAGR of 29.1% from 2020 to 2026. Growth in this market is primarily driven by growing demand of GaN substrate in LED application, increasing need of higher power density for electronic devices, and increasing usage in power electronics application.
Browse 71 figures / charts and 63 tables in this 141 -page report to understand trends, opportunities and forecast in emerging semiconductor substrate market by product type (GaSb, InSb, GaN, Ga2O3, AlN, Diamond, Engineered substrates, and others), application (photonics and electronics), end use industry (automotive, telecommunication, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/emerging-semiconductor-substrate-market.aspx
“GaN market is expected to remain the largest segment during the forecast period.”
Based on product type, the emerging semiconductor substrate market is segmented into GaSb, InSb, GaN, Ga2O3, AlN, Diamond, Engineered substrates, and others. Lucintel forecasts that the GaN market is expected to remain the largest segment during the forecast period due to its improved performance, efficiency and ubiquity of sophisticated power management and control functions.
“Within the emerging semiconductor substrate market, the consumer electronics segment is expected to remain the largest end use industry”
Based on end use industry, the consumer electronics segment is expected to witness the largest end use industry during the forecast period due to surge in the demand for substrates in the electronics devices.
“Asia pacific will dominate the emerging semiconductor substrate market in near future”
Asia Pacific is expected to be the largest region over the forecast period due to growth of the consumer electronics and automotive industries.
Download Brochure of this report by clicking on https://www.lucintel.com/emerging-semiconductor-substrate-market.aspx
Major players of emerging semiconductor substrate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sumitomo Electric Industries Ltd, Mitsubishi Chemicals, Adroit, 5N Plus, Hexatech, Dowa Electronics, Kyma Technologies, EasyGaN, II-VI Incorporated, and Soitec are among the major emerging semiconductor substrate providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/emerging-semiconductor-substrate-market.aspx or email@example.com
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