Polycrystalline InP Ingot Market Market Surges Toward USD 485 million by 2031
Market Overview The Polycrystalline InP Ingot Market is steadily gaining traction as the demand for high-performance semiconductor materials continues to expand across telecommunications, photonics, and optoelectronics industries. Indium phosphide (InP) is a critical III-V compound semiconductor known for its superior electron velocity and excellent performance in high-frequency and high-power applications. Polycrystalline InP ingots serve as the foundational material for producing wafers used in laser diodes, photodetectors, high-speed integrated circuits, and fiber-optic communication systems. The global Polycrystalline InP Ingot market size is predicted to grow from US$ 57.7 million in 2025 to US$ 97 million in 2031; it is expected to grow at a CAGR of 9.1% from 2025 to 2031. With the rapid rollout of 5G networks, data centers, and advanced sensing technologies, the need for efficient optoelectronic components has intensified. Polycrystalline InP ingots play a crucial r...