Compound Semiconductor Materials Gain Traction in EVs and IoT Applications: Market Expansion Fueled by Increased Industry Demand

The compound semiconductor materials market size is predicted to be worth USD 24.31 billion in 2023 and rise to USD 69.02 billion by 2033. Initially, the global market was expanding at a CAGR of 9.1% from 2018 to 2022. Data transactions have increased due to growing industrialization, which is fueling the expansion of the semiconductor market …

Compound Semiconductor Materials Industry Surges, Propelled by Electric Vehicle Advancements, Forecasting a Whopping US$ 69.02 Billion Valuation by 2033

The compound semiconductor materials market size is predicted to be worth US$ 24.31 billion in 2023 and rise to US$ 69.02 billion by 2033. Initially, the global market was expanding at a CAGR of 9.1% from 2018 to 2022. Data transactions have increased due to growing industrialization, which is fueling the expansion of the semiconductor market globally. …