The Global Gallium Arsenide (GaAs) Wafer Market is growing rapidly; mainly due to the booming mobile phone industry and wireless communication devices. Owing to the technological development and the advancement in the GaAs wafer technology used in the electronics industry, the market has grown immensely.
According to an eminent market research firm – Market Research Future (MRFR), the global Gallium Arsenide (GaAs) Wafer Market had valued at $625 Million in 2017 and expected to gain further prominence in the coming years. MRFR, in its recently published study report, further asserts that the global Gallium Arsenide (GaAs) Wafer Market will be reaching $1.2 Billion by 2023, registering a CAGR of 12% during the forecast period (2018-2023).
GaAs wafer provides data processing capabilities and is majorly used in integrated circuits that are used in various devices like computers, smartphones, military weapons, and others.
Owing to the technological development and the advancement in the GaAs wafer technology used in the electronics industry, the market has grown immensely.
Moreover, the market penetration of 4G and 5G networks drives the Gallium Arsenide (GaAs) Wafer Market.
Growing demand for the solar energy will boost the growth of the solar panel and solar cells which in turn will upsurge the Gallium Arsenide (GaAs) Wafer Market owing to extensive use to GaAs in the manufacturing of the solar cells.
The GaAs technology is also used in Field Effect Transistors (FET) and integrated circuits (ICs), which make it ideal for high velocity and high electric field applications.
On the other hand, the high production cost of GaAs wafers is impeding the market growth.
Nevertheless, growing usages of GaAs wafers in power amplifiers for transmitting high-speed signals, ultra-high radio frequency, and fast electronic switching applications is expected to support the market growth during the forecast period.
The sub-segment – Mobile devices is expected to dominate the application segment during the assessment period.
The emergence of 4G and 5G networks has proved as a game changer in the market growth, bringing a rapid change in new Smartphone technologies and encouraging Smartphone manufacturers to replace existing semiconductor wafers with GaAs.
The analysis has been segmented into three key dynamics for the better scope: –
By Production Method: Vertical Gradient Freeze (VGF), Liquid Encapsulated Czochralski (LEC), and Molecular Beam Epitaxy (MBE) among others.
By Application: Mobiles, Photovoltaic Devices, Optoelectronic Devices, Aerospace & Defense, and Wireless Communication among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
Fervent players driving the Gallium Arsenide (GaAs) Wafer Market include Global Communication Semiconductors, LLC (US), Advanced Wireless Semiconductor Company (Taiwan), Ommic S.A. (France), AXT Inc. (US), WIN Semiconductors Corporation (Taiwan), Century Epitech Co Ltd. (China), Intelligent Epitaxy Technology, Inc. (US), Powerway Advanced Material Co., Ltd. (China), Sumitomo Electric Semiconductor Materials Inc. (US), Qorvo, Inc. (US), IQE plc (UK), United Monolithic Semiconductors (France), Visual Photonics Epitaxy Co, Ltd. (Taiwan), and Freiberger Compound Materials GmbH (Germany).
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The Asia Pacific region dominates the global Gallium Arsenide (GaAs) Wafer Market owing to the increasing number of Smartphone users.
Owing to the rising demand of advanced technological gadgets such as computers, laptops, and smartphones the region is forecasted to grow at a promising rate in the forthcoming years. Countries such as China, Japan, and India account for the leading markets.
China is said to have among one of the largest markets for the electronics. Semiconductor makers of China are still behind the international rivals.
Hence, to support the market, China government is promoting its domestic technology market by funding the industry players.
The North American region is another lucrative market for GaAs wafer which is growing owing to the proliferation of photovoltaic, optoelectronic, and wireless communication devices.
The region is expected to demonstrate moderate growth due to the growing market of solar cells.
The European region is expected to demonstrate a steady growth in the Gallium Arsenide (GaAs) Wafer Market as the automotive, electronics and aerospace & defense sector which extensively use the GaAs wafer are already established in the region.
The need for safe, reliable, and clean energy source in various countries is likely to increase the demand for the solar cell, which in turn help the market of GaAs wafer to develop.
Highly competitive by nature, the global Gallium Arsenide (GaAs) Wafer Market appears to be fragmented due to the presence of many players.
Key strategies of market players traced during the analysis include agreement & partnership, acquisition expansion, and product launch.
These key players strive to deliver comprehensive safety solutions with adept technology and features. Growing innovations in technologies are also expected to create strong investment opportunities for global players.
Industry/ Innovation/Related News
November 28, 2018 — Sanan Integrated Circuit Co Ltd (Sanan IC – China), a largest LED epiwafer and chip maker, based on GaN and GaAs technologies announced that it has attained IATF 16949:2016 Automotive Quality Management System (QMS) certification for its manufacturing management systems.
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