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Gallium Arsenide (GaAS) wafer provides superior electronic properties compared to silicone. It enhances scalability, functionality, and compatibility. The wafer possesses the ability to generate laser light from electricity directly. GaAS wafer consists of two types, single crystal and polycrystalline. The wafer is utilized in opto and micro-electronics and offers excellent network connectivity by enhanced data transmission. Rising internet penetration and 5G and 4G networks are expected to enhance GaAS wafer adoption.
Moreover, companies launch innovative products to enhance their offerings. For example, NASA declared that its upcoming NG-11 mission would carry 60 satellites powered by gallium arsenide solar cells developed by Alta Devices. This development may allow the company to enhance its brand image.
Business Research Insights estimates that the Gallium Arsenide (GaAS) wafer market size may reach USD 499.4 million by 2027, exhibiting a CAGR of 9.5% during the forecast period.
Post COVID-19 Outlook: Despite Resumption of Activities, the Industry May Face Slow Growth
The global semiconductor shortage disrupted the production of electronics. The strong demand for smartphones, laptops, televisions, and others resulted in a stock shortage. The closure of several manufacturing companies, lockdown restrictions, and lack of mining activities were responsible for the lack of chipsets. However, the demand for high-speed internet and smart devices is increasing rapidly, leading to favorable government policies for the industry's revival. These factors are likely to enhance the adoption of GaAS wafers.
Business Research Insights highlights some of the top 8 companies profiled in the industry:
1. Freiberger Compound Materials (Germany)
Freiberger Compound Materials is a German company that was founded in 2000. The company has been a global compound semiconductor substrate supplier for more than 50 years in this industry. It has an excellent reputation as a supplier of Liquid Encapsulated Czochralski (LEC) and Vertical Gradient Freeze (VGF) GaAS wafers.
2. AXT (U.S.)
AXT is an American company that was founded in 1986. AXT manufactures and develops superior quality single and compound element semiconductor wafer substrates. It provides effective wafer solutions for 5G and 4G applications.
3. Sumitomo Electric (Japan)
Sumitomo Electric is headquartered in Osaka, Japan and was founded in 1897. Sumitomo is a provider of a wide range of products and is the world’s largest producer of Gallium Arsenide (GaAS) wafers. The company offers high-quality, cost-effective manufacturing solutions.
4. Shenzhou Crystal Technology (China)
Shenzhou Crystal Technology was founded in 1970. The company manufactures Gallium Arsenide (GaAS) wafers for display and communication, aerospace, illumination, and others. It is a highly reputed company in China and offers excellent semiconductor wafer substrates.
5. Yunnan Chihong Zinc and Germanium Ltd. (China)
Yunnan Germanium is headquartered in China and was founded in 1998. The organization engages in mineral exploration and mining. It is a developer of zinc, copper, gold, silver, and other non-ferrous metals. The company offers high-quality GaAS solutions for several applications.
6. DOWA Electronics Materials (Japan)
DOWA Electronics Materials is headquartered in Japan and was founded in 2006. The company provides superior quality Gallium Arsenide (GaAS) wafers for electronic devices, LED, mobile phones, and others.
7. II-VI Incorporated (U.S.)
II-VI Incorporated is headquartered in the U.S. and was founded in 1971. The company offers durable and tough GaAS solutions while using laser vacuum calorimetry capabilities to screen materials with defects, inclusions, and voids.
8. IQE Corporation (U.K.)
IQE Corporation is headquartered in the U.K. and was founded in 1988. The company is a provider of gallium arsenide solutions for numerous applications such as electronic, optoelectronic, solar, and wireless devices.
Rapidly Inclining Demand for Electronics and the Dependence on Internet are Driving the Industry
The demand for smartphones, tablets, laptops, PCs, and other electronics is increasing rapidly. Electronics use semiconductor chipsets, which are responsible for ultra-fast response and internet speeds of devices. Furthermore, more and more organizations rely on the internet for carrying out their businesses, thereby enhancing the demand for electronics and servers. Moreover, the increasing dependence on the Internet of Things (IoT) and rapidly developing digital infrastructures may encourage the manufacturing of effective hardware components. In addition, the rising dependence on servers by several organizations is expected to enhance the demand for the chemical from the electronics industry. These factors may propel the Gallium Arsenide (GaAS) wafer business significantly.