PUBLISHER: The Business Research Company | PRODUCT CODE: 1578711
PUBLISHER: The Business Research Company | PRODUCT CODE: 1578711
A gallium arsenide (GaAs) wafer is a thin slice of semiconductor material made from gallium and arsenic, primarily used in the production of electronic and optoelectronic devices due to its high performance in high-frequency and light-emitting applications.
The main types of GaAs wafers include vertical gradient freeze GaAs (VGF), liquid-encapsulated Czochralsky GaAs, and others. VGF GaAs wafers are produced by slowly freezing molten gallium arsenide from the bottom to the top, resulting in high-purity crystals with minimal defects. These wafers are utilized in various applications such as radio frequency, light-emitting diodes (LEDs), vertical-cavity surface-emitting lasers (VCSELs), and photovoltaic devices, serving end-uses in telecommunication, consumer electronics, aerospace, defense, satellite communications, automotive, community antenna television (CATV), wired broadband, and more.
The gallium arsenide (GaAs) wafer market research report is one of a series of new reports from The Business Research Company that provides gallium arsenide (GaAs) wafer market statistics, including gallium arsenide (GaAs) wafer industry global market size, regional shares, competitors with a gallium arsenide (GaAs) wafer market share, detailed gallium arsenide (GaAs) wafer market segments, market trends and opportunities, and any further data you may need to thrive in the gallium arsenide (GaAs) wafer industry. This gallium arsenide (GaAs) wafer market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historic period can be attributed to the expansion of the LED industry, the increased utilization of GaAs wafers in optoelectronic applications such as displays and lighting, the integration of GaAs wafers in automotive radar and driver assistance systems which expanded market opportunities, innovations in photovoltaics leading to the use of GaAs wafers in high-efficiency solar cells, and the early adoption in telecommunications and satellite communications for high-frequency RF applications which 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 projected growth can be attributed to the increasing adoption of VCSELs in facial recognition and LiDAR systems, expansion in satellite communication networks, and the demand for GaAs wafers in medical devices and industrial automation. Major trends include the development of GaAs-on-insulator (GaAsOI) technology for improved device performance and energy efficiency, the rise of hybrid integration technologies combining GaAs with other materials for multifunctional and compact electronic systems, increased investment in research and development for next-generation GaAs materials and device architectures to unlock new capabilities, and the integration of GaAs wafers with silicon substrates to enhance performance and reduce costs in semiconductor manufacturing.
The increasing adoption of 5G infrastructure is anticipated to drive the growth of the gallium arsenide (GaAs) wafer market in the future. 5G infrastructure includes the essential hardware and technology for the fifth generation of mobile networks, offering faster data speeds, low latency, and the ability to connect multiple devices simultaneously. The growth in 5G infrastructure is fueled by the demand for faster internet, the expansion of connected devices, and the need for reliable and efficient communication networks. GaAs wafers are crucial in 5G infrastructure as they enable high-frequency signal processing, which is essential for the high-speed data transmission and improved performance of 5G networks. For example, in September 2023, 5G Americas, a U.S.-based industry trade organization, reported that North America's 5G penetration rate reached an impressive 40%, with a growth rate of 25.5% in the first half of 2023. Additionally, projections suggest that North America's 5G connections will reach an estimated 669 million by 2028. Consequently, the increasing adoption of 5G infrastructure is expected to propel the GaAs wafer market's growth going forward.
Leading companies in the gallium arsenide (GaAs) wafer market are prioritizing 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 consist of thin semiconductor layers used in electronic and optical devices. For instance, in May 2023, IQE, a UK-based epiwafer foundry company, introduced a 200mm RGB epitaxial wafer for micro-LED display qualification. These wafers, utilizing gallium nitride (GaN) and gallium arsenide (GaAs), are designed for use in micro-LED displays, which are crucial for new display technologies in wearables, augmented reality (AR), virtual reality (VR) headsets, and large screens.
In April 2024, IQE, a UK-based semiconductor company, entered into a partnership with Advanced Wireless Semiconductor Company (AWSC). As part of this collaboration, IQE will supply AWSC with gallium arsenide (GaAs) wafers, which will be utilized in the production of smartphone power amplifier devices for Lansus, a Chinese RF technology provider. Advanced Wireless Semiconductor Company (AWSC) is a Taiwan-based manufacturer specializing in high-frequency and high-power semiconductor components, including GaAs wafers.
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
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.
The countries covered in the gallium arsenide (GaAs) wafer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gallium arsenide (GaAs) wafer market consists of sales of semi-insulating gallium arsenide (GaAs) wafer, semi-conducting gallium arsenide (GaAs) wafer, and epitaxial gallium arsenide (GaAs) wafer. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Gallium Arsenide (GaAs) Wafer Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gallium arsenide (GaAs) wafer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for gallium arsenide (GaAs) wafer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gallium arsenide (GaAs) wafer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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