India, March 5 -- The compound semiconductor device industry is expected to grow to approximately $25 billion by 2030. This industry remains a small part of the overall $1 trillion semiconductor device market. Behind these numbers lies a different reality. Compound semiconductors are enablers, driven by strong market dynamics.

Ezgi Dogmus, Activity Manager, Compound Semiconductors at Yole Group, said that the compound semiconductor device industry is on a rapid growth trajectory between 2024 and 2030, surging at an impressive CAGR of nearly 13%-outpacing the broader semiconductor market. This acceleration is fueled by the booming automotive and mobility sectors, with strong momentum also coming from telecom, infrastructure, and consumer ...