Market analysts, Technavio, have released a new report on the Gallium Arsenide (GaAs) Wafers market, offering an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. According to the report, the global GaAs wafers market is poised to grow by 2.27 million tonnes during 2020-2024, progressing at a CAGR of 14% during the forecast period.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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.
Increased Adoption of Smartphones to Strengthen Global GaAs Wafers Market
The report provides a detailed analysis of around 25 vendors operating in the Gallium Arsenide (GaAs) Wafers Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Gallium Arsenide (GaAs) Wafers Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Although the increasing adoption of smartphones will offer immense growth opportunities, the high production cost of GaAs wafers will challenge the growth of the 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 positions in the slow-growing segments.
Increased adoption of smartphones has been instrumental in driving the growth of the market. However, the high production cost of GaAs wafers might hamper the market growth, according to the report.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our gallium arsenide (GaAs) wafers market report covers the following areas:
- Gallium Arsenide (GaAs) Wafers Market size
- Gallium Arsenide (GaAs) Wafers Market trends
- Gallium Arsenide (GaAs) Wafers Market industry analysis
This study identifies the rising penetration of LEDs in general lighting as one of the prime reasons driving the gallium arsenide (GaAs) wafers market growth during the next few years.
The report also segments the Gallium Arsenide (GaAs) Wafers Market based on, Application (Mobile Devices, Wireless Communication, Aerospace And Defense, Others), Geography (APAC, North America, Europe, MEA, South America).
Click here to read/download the full report.
