Press release
Gallium Arsenide (GaAs) Wafer Market Outlook 2024: Semiconductor Innovations and Market Trends
Gallium Arsenide (GaAs) Wafer Market Outlook
The new report published by The Business Research Company, titled Gallium Arsenide (GaAs) Wafer Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, 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 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%.
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What Is Driving The Growth Of The Global Gallium Arsenide (GaAs) Wafer Market?
Growth In 5G Adoption Fuels Gallium Arsenide (GaAs) Wafer Market Expansion
The rise in the adoption of 5G infrastructure is expected to propel the growth of the gallium arsenide (GaAs) wafer market going forward. 5G infrastructure encompasses the hardware and technology required for the fifth generation of mobile networks, providing faster data speeds, low latency, and connectivity for many devices simultaneously. The surge in 5G infrastructure adoption is driven by the demand for faster internet, the proliferation of connected devices, and the need for more dependable and efficient communication networks. GaAs wafers play a key role in 5G infrastructure by enabling high-frequency signal processing, which is necessary for the fast data speeds and enhanced performance of 5G networks. For instance, in September 2023, according to 5G Americas, a US-based industry trade organization, North America's 5G penetration rate reached an exceptional 40 percent, with a growth rate of 25.5% in the first half of 2023. Moreover, projections indicate North America's 5G connections will reach a remarkable 669 million by 2028. Therefore, the rise in the adoption of 5G infrastructure is driving the growth of the gallium arsenide (GaAs) wafer market going forward.
What Is The Key Trend In The Global Gallium Arsenide (GaAs) Wafer Market?
Advanced GaN And GaAs Epitaxial Wafers Enhance Electronic And Optoelectronic Devices
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.
How Is The Global Gallium Arsenide (GaAs) Wafer Market Segmented?
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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How Is The Competitive Landscape Of The Global Gallium Arsenide (GaAs) Wafer Market?
Major companies operating in the gallium arsenide (GaAs) wafer 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
Contents Of The Global Gallium Arsenide (GaAs) Wafer Market
1. Executive Summary
2. Gallium Arsenide (GaAs) Wafer Market Report Structure
3. Gallium Arsenide (GaAs) Wafer Market Trends And Strategies
4. Gallium Arsenide (GaAs) Wafer Market - Macro Economic Scenario
5. Gallium Arsenide (GaAs) Wafer Market Size And Growth
…..
27. Gallium Arsenide (GaAs) Wafer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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