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Global Gallium Arsenide (GaAs) Wafer Market is Projected to Reach 430 million US$ by the end of 2025

Author: QYResearch | Publish date: 2018-08-17 | Views: 23
New report published by QY Research which offers insights on the global Gallium Arsenide (GaAs) Wafer market. The Gallium Arsenide (GaAs) Wafer market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Gallium Arsenide (GaAs) Wafer is expected to reflect a 1.7x increase in the revenue growth. In 2017 the global Gallium Arsenide (GaAs) Wafer market was valued at US$ 260 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 430 Mn growing at a value CAGR of 6.5% throughout the period of forecast.

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Global Gallium Arsenide (GaAs) Wafer Market: Market Driver and Restraint

Applications of Gallium Arsenide (GaAs) Wafer are anticipated to create new business segments in the market. Gallium Arsenide (GaAs) Wafer is in use for a broad range of Wireless Communication products such as infrared light-emitting diodes, laser diodes, microwave frequency integrated circuits, monolithic microwave integrated circuits, solar cells, optical windows & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Gallium Arsenide (GaAs) Wafer application is developed towards a more active mode.


Manufacturers are exploring the potential of Gallium Arsenide (GaAs) Wafer in Optoelectronic Devices. Application of Gallium Arsenide (GaAs) Wafer in manufacture of LD(Laser Diode), LED(Light Emitting Diode), OEIC(opto-electronic integrated circuit) and photovoltaic devices are gaining traction in the recent years. Recently, manufacturers have started using Gallium Arsenide (GaAs) Wafer in the area. Further, there are also potential uses in the areas of MESFET(metal semiconductor field-effect transistor), HEMT(High Electron Mobility Transistor), HBT(Heterojunction Bipolar Transistor), IC, Hall element.


Global Gallium Arsenide (GaAs) Wafer Market: Key Takeaways

·        The Gallium Arsenide (GaAs) Wafer industry has high technical barrier. the products require stable and outstanding technical performance. Consequently, price and product quality are crucial to downstream customers.

·        to Gallium Arsenide (GaAs) Wafer manufacturers, the core of brand building is in quality control and technological innovation.

·        Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service.


Global Gallium Arsenide (GaAs) Wafer Market: Forecast by Form

This segment includes LEC Grown GaAs, VGF Grown GaAs, etc. In terms of volume, LEC Grown GaAs segment is expected to remain dominant in the global Gallium Arsenide (GaAs) Wafer market.


Global Gallium Arsenide (GaAs) Wafer Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global Gallium Arsenide (GaAs) Wafer market in terms of value. The China Gallium Arsenide (GaAs) Wafer market was estimated to be valued at US$ 68.86 Mn in 2017 and is expected to expand at a value CAGR of 7.2% over the forecast period. The Europe market is expected to expand at a robust rate of 6.5% in terms of revenue over the forecast period due to the steadily increasing production capacity for infrared light-emitting diodes, laser diodes, microwave frequency integrated circuits, monolithic microwave integrated circuits, solar cells products in this region.


Global Gallium Arsenide (GaAs) Wafer Market: Key Players

Freiberger Compound Materials, AXT, Sumitomo Electric, China Crystal Technologies, Shenzhou Crystal Technology, Tianjin Jingming Electronic Materials, Yunnan Germanium, DOWA Electronics Materials, II-VI Incorporated, IQE Corporation, etc. are the key vendors included in this report.


Global Gallium Arsenide (GaAs) Wafer market is highly concentrated, with several company dominated the global market. Freiberger Compound Materials Chemical is by far the leader, followed by AXT, Sumitomo Electric and China Crystal Technologies. Entrance of the market is anticipated to be difficult in the coming years.

Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/223194/global-gallium-arsenide-gaas-wafers-sales-market

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