India, Feb. 25 -- Yole Group announced its annual market & technology report, Status of the Compound Semiconductor Industry 2026 - Focus on Substrates and Epiwafers, highlighting sustained structural growth through 2031.

Despite short-term pricing pressure in certain segments, electrification, AI infrastructure expansion, and next-generation connectivity are reinforcing long-term demand for compound semiconductor materials, including SiC, GaN, GaAs, and InP. The combined compound semiconductor substrate and open epiwafer markets are projected to grow to more than $5 billion in 2031, reflecting a ~14% CAGR between 2025 and 2031.

Ahmad Abbas, Technology & Market Analyst, Compound Semiconductor at Yole Group, said: "Power SiC continues to ...