GaAs Wafer Market Size Reach USD 1224.3 Million at a CAGR of 12% by 2030 | Rising 4G and 5G network adoption

The GaAs Wafer Market is anticipated to expand globally, at a CAGR of 12% over the forecast period, from USD 625 million in 2022 to USD 1224.3 million by 2030. The market for GaAs wafers is driven by the rising usage of 4G and 5G networks. The market’s expansion is being constrained by the high cost of manufacture.

The size of the worldwide GaAs wafer market is anticipated to rise significantly during the projected period, according to the latest recent research analysis. Gallium arsenide (GaAs), a compound semiconductor made of gallium and arsenic, is created by smelting metals like aluminium and zinc as well as arsenic. Arsenic is said to be dangerous, despite the fact that it is both rare and precious, whereas gallium is said to be more rare than gold.GaAs were previously mainly used in high-frequency applications like mobile phones and military equipment that required high efficiency and low noise. It is projected that the expansion of the GaAs wafer market will be fueled in the near future by the development of new communication technologies like 4G and 5G as well as continued sales of mobile internet. Even after the forecast period covered by this study is through, a factor that will have a substantial impact on the GaAs wafer industry is the rising number of mobile devices and storage. GaAs has the advantage of creating less noise when compared to other semiconductor components, which makes them particularly ideal for signal amplification applications. Today, among other things, gallium arsenide is used in integrated circuits, light-emitting diodes, field-effect transistors, and diodes. GaAs’s performance is advantageous for high-frequency radio frequency applications and applications requiring quick electronic switching. In comparison to other cell types, GaAs cells are more heat-insensitive. The growth in the size of the GaAs wafer, which in turn helps to reduce the wafers’ production costs, is another element fueling this industry’s progress. Universities, research institutions, and business laboratories all around the world are conducting a lot of research and development, and the results are being published. On the market, this is also anticipated to be advantageous.

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GaAs Wafer Market Key Players:

• WIN Semiconductor – based Corporation (China)
• Advanced Wireless Semiconductor Company (Taiwan)
• Century Epitech Co Ltd. (China)
• Powerway Advanced Material Co., Ltd. (Asia)
• Intelligent Epitaxy Technology, Inc. (United states of america)
• Sumitomo Electric Semiconductor Materials Inc. (United states)
• Global Communication Semiconductors
• LLC (United states of america)
• Ommic S.A. (Europe)
• Advanced Wireless Semiconductor Company (Shanghai)
• AXT Inc. (Germany)

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GaAs Wafer Market Regional Analysis

The global GaAs wafer market is reportedly segmented by geography into North America, Europe, Asia Pacific, and the rest of the world. Due to the region’s enormous population and rising smartphone adoption, Asia-Pacific is the world’s largest market for GaAs wafers. The rising demand for cutting-edge technology devices including smart devices, smartphones, computers, and laptops is one of the key driving forces in this region. The demand for GaAs wafers in the region is increasing at a promising rate as a result of the increased adoption of technologically advanced innovative gadgets such smart devices, cell phones, computer systems, and laptop computers. The international market for the electronics sector is controlled by China. Government support is significant in this field, aiding in the sector’s development. By offering financial support to business owners, the Chinese government is fostering the country’s domestic technology sector, for instance. The need for stable, secure, and environmentally friendly energy sources is predicted to increase demand for solar cells around the globe. As a result, the market share of GaAs wafers would increase.

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GaAs Wafer Market Segmentation Overview

GaAs wafer sales are divided into segments based on type, technology, application, and geography. The forecast term is expected to see a respectable increase in the worldwide GaAs wafer market.

The GaAs Wafer Market is divided by production method into Metal-Organic Vapor Phase Epitaxy (MOVPE), Liquid Encapsulated Czochralski (LEC), Vertical Gradient Freeze (VGF), and Molecular Beam Epitaxy (MBE) (MOVPE).

Mobile devices, photovoltaic devices, wireless communication, optoelectronic devices, aerospace & defence, and other devices make up the market’s application-based segments.

GaAs wafer sales are divided into four geographic segments: North America, Europe, Asia-Pacific, and the rest of the globe.

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