• Blog
  • Gallium Arsenide Wafer Market Report

    Gallium Arsenide Wafer Market Report

    Gallium Arsenide Wafer Market Report
    Report code - SR1600 Delivery - 2 Weeks
    Get Free Sample |
    Gallium Arsenide Wafer Market Size, Share, Trend, Forecast, & Industry Analysis: 2021- See more...

    Impact of COVID-19 on Gallium Arsenide Wafer Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Gallium Arsenide Wafer Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    What is Gallium Arsenide Wafer?

    Gallium Arsenide (GaAs) wafer is produced as a combination of gallium and arsenic. It is synthesized by melting metals such as aluminum and zinc, as well as Arsenic. It is highly preferred over silicon and other compound semiconductor devices owing to its better scalability, functionality, and compatibility with the IoT network. Also, it offers better network connectivity by allowing better data transmission and superior quality when compared to other semiconductor-based devices and can be manufactured on a commercial scale with a high yield rate.

    The Gallium Arsenide Wafer Market is estimated to grow from USD 912.8 million in 2020 to USD 1,805.5 million by 2026 at a healthy CAGR of 12.3% during the forecast period.

    Gallium Arsenide Wafer Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 912.8 million

    Market Size in 2026

    US$ 1,805.5 million

    Market Growth (2021-2026)

    12.3% CAGR

     

    Gallium Arsenide Wafer Market Size, 2020-2026 (USD Million)

    Gallium-Arsenide-Wafer-Market-Forecast

    Wish to get a free sample? Register Here

    Market Drivers

    The gallium arsenide wafer market is mainly driven by rising internet penetration across the globe, specifically in developing countries such as Brazil and India. In addition, the demand for base stations, backhaul, and fiber-optic networks in wireless communication infrastructure & Wi-Fi connectivity products have accelerated and thus promote the increasing penetration of the internet. The strong growth rates for such technologies and other products about wireless communications are augmenting the adoption of GaAs wafers in the coming years.

    Covid-19 Impact Analysis

    The outbreak of COVID-19 has negatively impacted the gallium arsenide wafer industry mainly due to lockdowns imposed by the governments around the world to prevent the spread of COVID-19. The manufacturing activities have been affected significantly due to limited workforce and lockdown measures coupled with supply chain disruption further affected the industry growth in the coming years.

    Segments' Analysis

    Application Trends

    Based on application, the gallium arsenide wafer market has been classified into mobile devices, wireless communications, radio frequency electronics, aerospace and defense, and others. The radiofrequency electronics segment accounted for the largest market share in 2020. The radio-frequency devices developed with GaAs substrates are most commonly used in wireless communication applications, such as mobile communication, wireless networks (WLAN), satellite communications, 4G/5G base stations, and Wi-Fi communications, thus bolstering the segment growth.

    Regional Trends

    By region, the Asia-Pacific Gallium Arsenide Wafer market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The gallium arsenide wafer market growth is mainly propelled by a dense population coupled with the rising smartphone penetration in the region. Also, China, Japan, and India have surging demand for advanced technological devices such as smart devices, smartphones, computers, and laptops, further augmenting the regional market growth.

    The North America Gallium Arsenide Wafer market is expected to grow at a healthy CAGR during the review period. The regional growth is ascribed to a large presence of key industry players in the region, high disposable income, strong product innovation, and increasing sales of consumer electronic devices.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global gallium arsenide wafer market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the gallium arsenide wafer market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on gallium arsenide wafer market?
    • What are the key strategies adopted by the major vendors to lead in the gallium arsenide wafer market?
    • What is the market share of the top vendors?

    Get the full scope of the report. Register Here

    Key Players

    Key players operating in the Gallium Arsenide Wafer Market are-

    • Semiconductor Wafer Inc (Taiwan)
    • AXT Inc. (US)
    • Freiberger Compound Materials GmbH (Germany)
    • Xiamen Powerway Advanced Material Co. Ltd. (China)
    • Sumitomo Electric Industries Ltd. (Japan)
    • Wafer Technology Ltd. (UK)
    • MTI Corporation (US)
    • Vital Materials Co Limited (US)
    • Advanced Wireless Semiconductor Co. (Taiwan)
    • GCS Holdings Inc. (US)

    Target Audience

    The target audience of Gallium Arsenide Wafer Market includes-

    • Gallium Arsenide Wafer Vendors
    • Gallium Arsenide Wafer Manufacturers
    • Gallium Arsenide Wafer Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The gallium arsenide wafer market is expected to witness an impressive growth of 12.3% CAGR in the coming years.

    Semiconductor Wafer Inc (Taiwan), AXT Inc. (US), Freiberger Compound Materials GmbH (Germany), Xiamen Powerway Advanced Material Co. Ltd. (China), Sumitomo Electric Industries Ltd. (Japan), Wafer Technology Ltd. (UK), MTI Corporation (US), Vital Materials Co Limited (US), Advanced Wireless Semiconductor Co. (Taiwan), GCS Holdings Inc. (US) are among the key players in the gallium arsenide wafer market.

    The gallium arsenide wafer market size is expected to reach USD 1,805.5 million in the foreseeable future.

    The radiofrequency electronics segment accounted for the largest share in the gallium arsenide wafer market in 2020.

    Asia-pacific is expected to grow at a significant CAGR in the gallium arsenide wafer market in the next five years.

    Gallium Arsenide Wafer Vendors, Gallium Arsenide Wafer Manufacturers, Gallium Arsenide Wafer Distributors, Organizations, Government Bodies are the target audience in the gallium arsenide wafer market.

    //