Gallium Arsenide (GaAs) Wafer Industry Outlook 2025-2029: Market Set to Cross $2.17 Billion Milestone

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How Large Will the Gallium Arsenide (GaAs) Wafer Market Size By 2025?
The market size of gallium arsenide (GaAs) wafer has experienced significant expansion in recent years. It is projected to swell from $1.2 billion in 2024 to $1.35 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. The historical growth can be linked to the growth of the LED industry, the escalated utilization of GaAs wafers in optoelectronic applications such as displays and lighting, and the incorporation of GaAs wafers into automotive radar and driver support systems increasing market potential. Innovations in photovoltaics have led to the application of GaAs wafers in high-efficiency solar cells, while its early use in telecommunications and satellite communications for high-frequency RF applications has spurred GaAs wafer demand.

How Big Is the Gallium Arsenide (GaAs) Wafer Market Size Expected to Grow by 2029?
In the coming years, the gallium arsenide (GaAs) wafer market is predicted to experience swift expansion. By 2029, it is projected to expand to a market value of $2.17 billion, with a compound annual growth rate (CAGR) of 12.6%. Its advancement over the forecast period can be linked to factors such as the expanding utilization of VCSELs in systems like facial recognition and LiDAR, the expansion of satellite communication networks, and the heightened demand for GaAs wafers in industrial automation and medical devices. Upcoming trends over the forecast span incorporate the development of GaAs-on-insulator (GaAsOI) technology, which enhances device performance and energy efficiency. Additionally, the rise of hybrid integration technologies that fuse GaAs with other materials for compact and multifunctional electronic systems, increasing investments in R&D for next-gen GaAs materials and device designs to discover new possibilities, and the incorporation of GaAs wafers with silicon substrates to decrease manufacturing costs and enhance performance in semiconductors are also anticipated.

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Which Key Market Drivers Powering Gallium Arsenide (GaAs) Wafer Market Expansion and Growth?
The escalation in the utilization of 5G facilities is anticipated to fuel the expansion of the gallium arsenide (GaAs) wafer market. 5G facilities include the necessary equipment and technology for the fifth-gen mobile networks, offering quicker data transfer rates, reduced latency, and the capacity to connect many devices at once. The increase in the uptake of 5G facilities springs from the need for high-speed internet, a flood of connected devices, and the requirement for more reliable and effective communication networks. GaAs wafers are central to 5G facilities by allowing high-frequency signal handling, crucial for the quick data transfer rates and improved performance of 5G networks. For instance, in September 2023, as mentioned by 5G Americas, a US industry trade organization, the 5G penetration rate in North America hit an outstanding 40 percent, growing at a rate of 25.5% during the first half of 2023. Furthermore, estimates suggest that North America's 5G connections will achieve a formidable 669 million by 2028. Consequently, the increase in the usage of 5G facilities is promoting the advancement of the gallium arsenide (GaAs) wafer market.

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Which Fast-Growing Trends Are Poised to Disrupt the Gallium Arsenide (GaAs) Wafer Market?
In an attempt to improve the functionality and proficiency of electronic and optoelectronic devices, key players in the gallium arsenide (GaAs) wafer industry are turning to sophisticated technologies like epitaxial gallium nitride (GaN) and gallium arsenide (GaAs) wafers. These are slim semiconductor layers instrumental in electronic and optical apparatuses. For illustration, IQE, an epiwafer foundry enterprise based in the UK, introduced a 200mm RGB epi for micro-LED display verification in May 2023. These wafers, constructed with gallium nitride (GaN) and gallium arsenide (GaAs), are purpose-built for micro-LED displays and deeply significant for evolving display technologies in wearables, augmented reality (AR), virtual reality (VR) headsets, and broad screens.

What Are the Emerging Segments in the Gallium Arsenide (GaAs) Wafer Market?
The gallium arsenide (GaAs) wafer market covered in this report is segmented -

1) By Type: Vertical Gradient Freeze Gallium Arsenide (GaAs), Liquid-Encapsulated Czochralski 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

Subsegments:
1) By Vertical Gradient Freeze Gallium Arsenide (GaAs): High Purity Gaas Wafer, Low Defect Density Gaas Wafer, High-Performance Gaas For Optoelectronic Applications
2) By Liquid-Encapsulated Czochralsky Gallium Arsenide (GaAs): Czochralsky Gaas Wafers For Semiconductor Devices, Gaas For High-Speed Electronics, Gaas For Microwave And Rf Applications
3) By Other Types: Horizontal Gradient Freeze Gaas, Epitaxial Gaas Wafers, Gaas For Photovoltaic Applications, Gaas For Photonics And Laser Technology

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Who Are the Global Leaders in the 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

Which are the Top Profitable Regional Markets for the Gallium Arsenide (GaAs) Wafer Industry?
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.

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