Gallium Arsenide (GaAS) Wafer Market Size, Share, Growth & Industry Analysis, By Product Type (LEC Grown GaAS, VGF Grown GaAS, and Others), By Product Application (RF, LED, VCSEL, Photovoltaic), Regional Forecast To 2032

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Gallium Arsenide (GaAS) Wafer Market REPORT OVERVIEW

The global gallium arsenide (gaas) wafer market size was USD 0.35 billion in 2024 and market is projected to touch USD 0.72 billion by 2032, at a CAGR of 9.5% during the forecast period.

Asia-Pacific is dominating the gallium arsenide (gaas) wafer market share in 2024.

Gallium arsenide (GaAS) wafer possess superior electronic properties over silicone. They provide better compatibility, scalability, and functionality with the IoT network. Gallium arsenide (GaAS) wafers are extensively used in the manufacturing of various electronic devices such as infrared light-emitting diodes (LEDs), monolithic microwave integrated circuits, solar cells, laser diodes, optical windows, and others. The product offers better network connectivity through enhanced data transmission and also possesses higher quality than semiconductor devices. The product can be manufactured on large scales with high yield rates and help businesses achieve economies of scale. The globally increasing internet penetration and 4G & 5G networks, and the expansion of the electronics industry are expected to fuel the growth of the global and China gallium arsenide (GaAS) wafer market.

COVID-19 IMPACT

"Swift Internet Penetration Amidst Pandemic to Limit the Pandemic’s Impact"

The humanitarian crisis has inflicted unparalleled challenges on the global economic structure and stagnated the growth of several industries and markets. However, the global and China gallium arsenide (GaAS) wafer market has witnessed a moderate impact of the COVID-19 pandemic. The shutdown of manufacturing facilities and production plants has affected the market growth. The low production of GaAS wafers due to the low available workforce has negatively impacted the market's growth. However, the number of internet users has dramatically surged during the pandemic. The demand for high-speed and WiFi networks has risen immensely amidst the pandemic. The high adoption of IoT and the high growth rate of mobile data have benefited the market. The market is expected to gain steep growth in the coming years due to rapid digitization across developing and developed countries.

LATEST TRENDS

"Wireless Communication & Radio Frequency Electronics to Witness the Highest Growth"

The work-from-home regime induced by the pandemic has surged the demand for wireless communication networks and devices. The number of internet users has dramatically increased during the pandemic and has surged the demand for high-speed data transmission and low latency. Similarly, the demand for WiFi networks (WLAN) has boosted during the pandemic. Gallium arsenide (GaAS) wafers offer exemplary performance in rapid electronic switching and high radio frequency applications. The radio frequency electronics have also witnessed a spike in demand amidst the pandemic due to digitization expanding exponentially, especially in countries such as India and Brazil, where the internet and mobile users pool is continuously increasing. The growing digitization is expected to influence the market growth strongly.

Gallium Arsenide (GaAS) Wafer Market SEGMENTATION

• Type

Based on product type, the market segments into VGF grown GaAS, LEC grown GaAS, and others.

• Application

Based on product application, the market fragments into optoelectronic devices, wireless communication, and others.

The wireless communication and VGF grown GaAS segments are expected to witness the highest growth. The VGF grown GaAS segment holds more than 60% share in the global gallium arsenide (GaAS) wafer market. Geographically, the market is classified into five major regions- North America, Asia Pacific, Europe, the Middle East & Africa.

DRIVIING FACTORS

"Increasing Demand for Smartphones, Tablets, and Computers to Bolster Market Growth"

Gallium arsenide (gaAS) wafers are highly used in signal amplification as they produce lower noise than other semiconductor parts. Gallium arsenide is used in LEDs, diodes, integrated circuits, and field-effect transistors. The development of 4G and 5G networks have increased mobile data traffic in recent years and has also boosted the demand for consumer electronics such as tablets, smartphones, and computers. With the rapid digitization observed during the pandemic, the growing demand for tablets, smartphones, and computers is anticipated to drive the market growth significantly. Additionally, the demand for signal boosters and wireless communication devices in dead spots, and areas with low network coverage are likely to fuel the global and China gallium arsenide (GaAS) wafer market growth.

"Growing Adoption of Solar Cells & Extensive R&D Activities to Accumulate Market Growth"

In recent years, the emphasis on renewable energy sources adoption has increased. Gallium arsenide wafers are used to manufacture solar cells. Governments of several nations are heavily investing in the development of solar farms to harness electricity. Similarly, the residential and commercial sectors have witnessed increased adoption of solar cells due to the rising need for alternative energy sources. The growing adoption of solar cells is anticipated to foster the market growth in the upcoming years. Additionally, extensive research and developments activities are being carried out by key players, research institutes, and universities to develop efficient production technology for gallium arsenide (GaAS). This is likely to stimulate market growth in the coming years.

RESTRAINING FACTORS

"High Product Costs to Hinder Market Growth"

Gallium arsenide (GaAS) costs higher than silicon, which is a much cheaper alternative and widely available in the market. Also, gallium arsenide can be used for limited applications. These factors are likely to restrain the market growth.

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Gallium Arsenide (GaAS) Wafer Market REGIONAL INSIGHTS

"Growing Internet Penetration to Amplify Growth in Asia Pacific"

The Asia Pacific is projected to dominate the global and China gallium arsenide (GaAS) wafer market share. The growing internet penetration in countries such as India, Japan, Korea, and China is anticipated to fuel the market growth. The rising penetration of 4G and 5G networks in these countries, coupled with the expanding pool of smartphone users, is likely to propel the market growth. Escalating adoption of IoT is boosting the demand for WiFi and other wireless communications. Additionally, the development of ultra-compact, high-performance RF chipsets used in 4G and 5G smartphones and other devices are used to foster market growth. China is projected to be the leading growth region in the market, being the largest manufacturing hub of smartphones, laptops, and other devices in the world.

North America is expected to gain substantial growth in the global market. The rising penetration of 4G and 5G networks and the growing demand for smartphones, laptops, and other smart devices are estimated to boost the market growth. Moreover, the expanding adoption of solar cells is anticipated to bolster market growth in the forthcoming years.

Europe is anticipated to witness significant growth in the forthcoming years. Europe occupies about 20% share in the global market. The increasing demand for clean energy sources is expected to augment the market growth significantly. Additionally, the growing 5G network is likely to offer lucrative growth opportunities for the market.

The Middle East & Africa, and Latin America are likely to exhibit considerable growth in the global market. The growing digitization and urbanization across the two regions is anticipated to fuel the growth of the market.

KEY INDUSTRY PLAYERS

"Key Players Bolster R&D Activities to Develop Efficient Production Technologies"

The key players in the global and China gallium arsenide (GaAS) wafer market are extensively invested in R&D activities to develop efficient production technologies for gallium arsenide. The highly competitive market comprises several key players such as Sumitomo Electric, AXT, and Freiberger Compound Materials. These three players occupy about 70% market share and are the top three players in the market. The key players focus on various organic growth strategies such as new product launches, technological advancements, patents, and others. They also adopt inorganic growth strategies such as mergers, acquisitions, partnerships, collaborations, and others to strengthen their market positions and generate greater revenues.

LIST OF TOP Gallium Arsenide (GaAS) Wafer COMPANIES

• Freiberger Compound Materials
• AXT, Inc.
• Sumitomo Electric Industries, Ltd.
• Vital Materials
• China Crystal Technologies Co., Ltd.
• H3C SecPath Series
• DOWA Electronics Materials Co., Ltd.

KEY INDUSTRY DEVELOPMENTS:

April 2020: NASA announced that its upcoming NG-11 mission would carry 60 small satellites powered by gallium arsenide solar cells manufactured by Alta Devices.

REPORT COVERAGE

The market is highly competitive and comprises several key players operating domestically and internationally. The global and China gallium arsenide (GaAS) wafer market report provides a comprehensive market assessment and focuses on several critical factors such as applications, end-users, types, and leading companies. Other than this, the report provides valuable insights into the regulatory scenarios of the market and current market trends. It also features the latest industry developments. In addition to the factors mentioned above, the report incorporates significant factors contributing to the market’s growth in recent years.