Aluminum Gallium Indium Phosphide Semiconductor Market - Forecast 2021 - 2026

• Aluminum gallium indium phosphide semiconductor market size is forecast to reach US$584.8 million by 2026, after growing at a CAGR of 2.5% during 2021-2026.

• owing to the increasing usage of aluminum gallium indium phosphide semiconductor in various end-use industries such as electrical & electronics, aerospace, and solar energy for applications such as light emitting diodes, optoelectronic devices, photovoltaics.

• Due to its large bandgap, the aluminum gallium indium phosphide (AlGaInP) semiconductor offers a forum for the production of photo optics applications.

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Key Takeaways

• Asia-Pacific dominates the aluminum gallium indium phosphide semiconductor market, owing to the increasing electrical & electronics industry in the region. According to the Electronic Industries Association of India (ELCINA), the total production of the electronics sector in India exhibited a growth of about 22%.

• The end-Use industries such as electrical & electronics, aerospace, and solar energy are flourishing in various regions, which is projected to drive the aluminum gallium indium phosphide semiconductor market growth.

• Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the production.

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Aluminum Gallium Indium Phosphide Semiconductor Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the aluminum gallium indium phosphide semiconductor market in 2020 up to 35% and is growing at a CAGR of 8.1% during 2021-2026, owing to the increasing demand for aluminum gallium indium phosphide semiconductor from the electrical and electronics industry in the region to manufacture products such as light emitting diodes,