Gallium Arsenide (GaAs) Wafers Market: Key Drivers and Segmentation
Synopsis of Growth Drivers with Market Forecast 2021-2025
The Global Gallium Arsenide (GaAs) Wafers Market is projected to grow by 2.73 million t, decelerating at a CAGR of over 15.30% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Gallium Arsenide (GaAs) Wafers Market: What are the factors that will drive market growth?
A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is increasing adoption of smartphones. The rising awareness about power saving and energy management is driving the popularity of energy-efficient technologysuch as LED lighting technologies. The increasing penetration of LEDs in general lighting will drive market growth as GaAs is one of the most widely used semiconductors in the manufacture of LEDs. Gallium phosphide (GaP) and gallium arsenide phosphide (GaAsP) are some of the other semiconductors that are used for the manufacture of LEDs. For more insights on the impact of this and all the other drivers, request for our FREE Sample Report.
Gallium Arsenide (GaAs) Wafers Market: Segment List
This report provides a detailed analysis of the market by Type (SC GaAs and SI GaAs), Application (Mobile devices, Wireless communication, Aerospace and defense, and Others), and Geography (APAC, North America, Europe, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report
Gallium Arsenide (GaAs) Wafers Market: Advanced Wireless Semiconductor Co., AXT Inc., Freiberger Compound Materials GmbH, GCS Holdings Inc., IntelliEPI Inc., IQE Plc, OMMIC SAS, Qorvo Inc., WIN Semiconductors Corp., and Xiamen Powerway Advanced Material Co. Ltd. are some of the leading competitors
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advanced Wireless Semiconductor Co., AXT Inc., Freiberger Compound Materials GmbH, GCS Holdings Inc., IntelliEPI Inc., IQE Plc, OMMIC SAS, Qorvo Inc., WIN Semiconductors Corp., and Xiamen Powerway Advanced Material Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Gallium Arsenide (GaAs) Wafers Market Size to Grow by over 2.27 Million Tons through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the gallium arsenide (GaAs) wafers market and it is expected to grow by 2.27 million tons, accelerating at a CAGR of over 14% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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Gallium Arsenide (GaAs) Wafers Market: Emerging Trends to Impact Market Growth
The rising awareness about power saving and energy management is driving the popularity of energy-efficient technology. This is driving the adoption of light-emitting diodes (LED) lighting technologies. The increasing penetration of LEDs in general lighting will drive market growth as GaAs is one of the most widely used semiconductors in the manufacture of LEDs. Gallium phosphide (GaP) and gallium arsenide phosphide (GaAsP) are some of the other semiconductors that are used for the manufacture of LEDs.
Data consumption through mobile handsets is growing rapidly, globally. Today, consumers have access to a large set of data on their phones through different apps, which makes their mobile devices’ batteries drain faster. Mobile handset manufacturers require efficient GaAs-based power amplifiers to rectify this issue. Moreover, smartphones need more GaAs content these days as more frequency bands are required to accommodate 3G and 4G networks. These factors are expected to fuel the growth of the GaAs wafers market in the mobile devices segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the gallium arsenide wafers market size.
Gallium Arsenide (GaAs) Wafers Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advanced Wireless Semiconductor Co., AXT Inc., Freiberger Compound Materials GmbH, GCS Holdings Inc., IntelliEPI Inc., IQE Plc, OMMIC SAS, Qorvo Inc., WIN Semiconductors Corp., and Xiamen Powerway Advanced Material Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
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