Indium Phosphide Wafer Market Size Forecast to Reach $82.8 Million by 2026
Indium Phosphide Wafer Market Size is forecast to reach $82.8 million by 2026, at a CAGR of 8.12% during 2021-2026. The indium phosphide wafers offers a superior electron velocity as compared to other popular semiconductors such as silicon. Indium phosphide (InP) wafer is manufactured from indium iodide and white phosphorus at the temperature of 400 °C and it is manufactured by integrating the clean components at high pressure and high temperature. The InP wafers are finding their application in optoelectronics as they have higher electron mobility, lower power consumption, higher thermal conductivity, higher frequency, and low noise performance compared to other wafers. Indium phosphide emits and detects wavelengths above the range of 1000nm owing to which it is also extensively used in high-speed fiber optic communication and photonic integrated circuits. The InP wafer substrates are highly used in concentrator photovoltaics manufactured by smart cut layer transfer techno...