Gallium Arsenide (GaAs) Wafer Market 2024: Competitive Landscape and Forecast

The gallium arsenide (gaas) wafer global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Gallium Arsenide (GaAs) Wafer Market, 2024The gallium arsenide (gaas) wafer global market report 2024
Market Size – The gallium arsenide (GaAs) wafer market size has grown rapidly in recent years. It will grow from $1.06 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%.  The growth in the historic period can be attributed to the growth of the LED industry increased use of GaAs wafers in optoelectronic applications such as displays and lighting, Integration of GaAs wafers in automotive radar and driver assistance systems expanded market opportunities, Innovation in photovoltaics led to the use of GaAs wafers in high-efficiency solar cells, Early adoption in telecommunications and satellite communications for high-frequency RF applications drove demand for GaAs wafers.
The gallium arsenide (GaAs) wafer market size is expected to see rapid growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.  The growth in the forecast period can be attributed to the increasing adoption of VCSELs in facial recognition and LiDAR systems, growth in satellite communication networks, demand for GaAs wafers in medical devices and industrial automation. Major trends in the forecast period include development of GaAs-on-insulator (GaAsOI) technology for enhanced device performance and energy efficiency, Rise of hybrid integration technologies combining GaAs with other materials for multifunctional and compact electronic systems, growing investment in research and development for next-generation GaAs materials and device architectures to unlock new capabilities, integration of GaAs wafers with silicon substrates to enhance performance and reduce costs in semiconductor manufacturing.

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Scope Of Gallium Arsenide (GaAs) Wafer MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Gallium Arsenide (GaAs) Wafer Market Overview
Market Drivers -The rise in the adoption of 5G infrastructure is expected to propel the growth of the gallium arsenide (GaAs) wafer market. The 5G infrastructure comprises the hardware and technology necessary for the fifth generation of mobile networks, which provide faster data speeds, low latency, and the ability to connect numerous devices simultaneously. The growing adoption of 5G infrastructure is driven by the demand for quicker internet access, the proliferation of connected devices, and the need for reliable and efficient communication networks. GaAs wafers play a crucial role in this infrastructure, facilitating high-frequency signal processing essential for the rapid data speeds and improved performance of 5G networks. As reported by 5G Americas in September 2023, North America’s 5G penetration rate reached 40%, with a growth rate of 25.5% in the first half of 2023, and projections suggest that North America’s 5G connections will reach 669 million by 2028. Thus, the increasing adoption of 5G infrastructure will significantly drive the growth of the gallium arsenide (GaAs) wafer market.

Market Trends – Major companies operating in the gallium arsenide (GaAs) wafer market are focusing on advanced technologies, such as epitaxial gallium nitride (GaN) and gallium arsenide (GaAs) wafers, to enhance the performance and efficiency of electronic and optoelectronic devices. Epitaxial GaN and GaAs wafers are thin semiconductor layers used in electronic and optical devices. For instance, in May 2023, IQE, a UK-based epiwafer foundry company, launched a 200mm RGB epi for micro-LED display qualification. These wafers use gallium nitride (GaN) and gallium arsenide (GaAs) and are designed for micro-LED displays. It is crucial for new display technologies in wearables, augmented reality (AR) or virtual reality (VR) headsets, and large screens.

The gallium arsenide (GaAs) wafer market covered in this report is segmented –
1) By Type: Vertical Gradient Freeze Gallium Arsenide (GaAs), Liquid-Encapsulated Czochralsky Gallium Arsenide (GaAs), Other Types
2) By Application: Radio Frequency, Light Emitting Diode, Vertical-Cavity Surface-Emitting Laser (VCSEL), Photovoltaic
3) By End-Use: Telecommunication, Consumer Devices, Aerospace, Defense And Satcom, Automotive, Community Antenna Television (CATV) And Wired Broadband, Other End-Users

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Regional Insights – North America was the largest region in the gallium arsenide (GaAs) wafer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gallium arsenide (GaAs) wafer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies – Major companies in the market are Sumitomo Electric Industries Ltd., Shin-Etsu Chemical Co. Ltd., Hitachi Metals Ltd., Skyworks Solutions Inc., Umicore, Siltronic AG, Win Semiconductor Corp, IQE PLC, AXT Inc., Yunnan Germanium Co., Ltd., Advanced Wireless Semiconductor Company, Anadigics Inc., Kopin Corporation, Xiamen Powerway Advanced Material Co., Ltd., IntelliEPI Inc., Nichia America Corporation, Wafer Technology Ltd., Freiberger Compound Materials, Vital Materials Co. Ltd., Xinxiang Shenzhou Crystal Technology Co. Ltd

Table of Contents 1. Executive Summary2. Gallium Arsenide (GaAs) Wafer Market Report Structure3. Gallium Arsenide (GaAs) Wafer Market Trends And Strategies4. Gallium Arsenide (GaAs) Wafer Market – Macro Economic Scenario5. Gallium Arsenide (GaAs) Wafer Market Size And Growth…..27. Gallium Arsenide (GaAs) Wafer Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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