Gallium Arsenide Market Size Worth $570.3MBillion By 2030: IndustryARC

The Global Gallium Arsenide Market size is predicted to reach $570.3 Million by 2030, growing at a CAGR of 9.8% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Gallium Arsenide (GaAs) stands at the forefront of high-frequency and high-speed electronics, catering to the surging demand for wireless communication. Its exceptional electron mobility renders it ideal for applications in wireless communications, satellite communications, radar systems, and military technology., finds IndustryARC in its recent report, titled “Gallium Arsenide Market Size, Share & Trends Analysis Report- By Size (3’’, 4’’, 6’’ and Others), By Production Method (Liquid Encapsulated Czochralski (LEC), Vertical Gradient Freeze (VGF), MOVPE, MBE, and Others), By Device Type (Smartphones, Wireless Communication, Detectors, Transistors, Solar Cells, LEDs, Tablets, Laptops, Automotive Electronics, Computers, and Others) By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030’’

Gallium Arsenide Market in Asia-Pacific region held significant market share of 48.5% in 2023, owing to the growing consumption of smartphones and other high-performance electronics devices in the region. Countries such as India, China, Taiwan, South Korea and so on are a few of the prominent markets for Gallium Arsenide. And this is primarily attributed to the growing demand for advanced technologies across numerous end-user industries, high growth of the consumer electronics industry, rising support for the semiconductor devices industry in the region. Moreover, the emergence of new technologies in Asia-Pacific has boosted the demand for innovative and user-friendly smart devices. There has been a rising demand from South Korea and Taiwan for semiconductor wafers, due to the large production of consumer electronic devices such as televisions, smartphones, PCs and so on. Further, governments of several countries in this region are supporting the growth of semiconductor production by various initiatives.

 

 

 

The global push towards expanding telecommunication networks, particularly with the deployment of 5G technology, is a significant driver for the GaAs market. GaAs-based components are integral to 5G infrastructure, including power amplifiers, switches, and RF filters, due to their ability to operate at high frequencies and handle high-power signals, driving the demand for GaAs products in telecommunication infrastructure worldwide.

The increasing integration of advanced electronics in automobiles, such as ADAS (Advanced Driver Assistance Systems) and infotainment systems, is creating new avenues for GaAs market expansion. GaAs devices, known for their high-speed operation and low power consumption, are well-suited for automotive radar, LiDAR, and wireless connectivity applications, thereby driving their adoption in the automotive sector.

The rising focus on renewable energy sources like solar power is driving the demand for GaAs-based photovoltaic cells. GaAs solar cells exhibit higher efficiency compared to traditional silicon-based cells, making them attractive for use in space applications, concentrated photovoltaic systems, and portable solar panels, thereby expanding the GaAs market into the renewable energy sector.

The proliferation of data centers worldwide, driven by the increasing demand for cloud computing services and big data analytics, is creating a significant demand for GaAs-based components. GaAs devices offer high-speed data transmission, low power consumption, and enhanced reliability, making them suitable for use in data center infrastructure, including high-speed interconnects, switches, and optical transceivers, thereby driving the growth of the GaAs market in the data center segment.

A major challenge confronting the GaAs market is the limited manufacturing infrastructure compared to silicon-based semiconductor fabrication facilities. While silicon semiconductor manufacturing has benefited from decades of investment and refinement, GaAs fabrication facilities are fewer in number and often smaller in scale. This limited manufacturing capacity can lead to supply constraints and longer lead times for GaAs products, hindering the scalability and timely delivery of GaAs-based solutions to meet growing market demands. Addressing these challenges will be crucial for unlocking the full potential of GaAs technology across various industry sectors.

 

The rollout of 5G networks presents a significant opportunity for the Gallium Arsenide (GaAs) market. GaAs-based components, including power amplifiers, switches, and RF filters, are essential for enabling the high-frequency operation required by 5G technology. With the ongoing deployment of 5G infrastructure worldwide and the increasing demand for high-speed, low-latency communication, there is a growing opportunity for GaAs manufacturers to supply key components for 5G base stations, small cells, and other network equipment.

The emergence of quantum computing presents a futuristic opportunity for the Gallium Arsenide (GaAs) market. GaAs-based quantum dot technology shows promise for use in quantum computing applications, offering advantages such as long coherence times and controllable spin states. As research and development in quantum computing continue to advance, GaAs-based quantum devices could play a significant role in realizing practical quantum computing systems, opening up new opportunities for GaAs manufacturers to explore this cutting-edge field and contribute to the development of next-generation computing technology.

● Gallium Arsenide Market Size and Forecast 

● Gallium Arsenide Market Trends

● Gallium Arsenide Market Analysis by Type

● CAGR of the market during the forecast period 2024-2030

● Value Chain analysis of key stake holders

● Detailed analysis of market drivers and opportunities during the forecast period

● Gallium Arsenide Market size estimation and forecast

● Analysis and predictions on end users’ behavior and upcoming trends 

● Competitive landscape and Vendor market analysis including offerings, developments, and financials

● Comprehensive analysis of challenges and constraints in the Gallium Arsenide Market

The Gallium Arsenide (GaAs) market has experienced both challenges and opportunities amid the COVID-19 pandemic and the Ukrainian crisis. The pandemic disrupted global supply chains, leading to manufacturing delays and supply shortages across various industries, including semiconductor production. As a result, the GaAs market faced temporary setbacks in terms of production and distribution, impacting the availability of GaAs-based components for applications such as telecommunications, consumer electronics, and automotive systems.

Simultaneously, the pandemic accelerated the adoption of remote work, online education, and digital connectivity, driving the demand for high-speed communication infrastructure. GaAs technology, known for its high-frequency operation and efficiency, found increased utilization in 5G networks, data centers, and telecommunication systems, presenting opportunities for GaAs manufacturers to cater to the growing demand for advanced semiconductor solutions amidst the pandemic-induced digital transformation.

Additionally, the Ukrainian crisis introduced geopolitical uncertainties that reverberated across global markets, including the semiconductor industry. Concerns over the disruptions to the supply of critical materials, including gallium, heightened market volatility and prompted strategic reassessments of supply chain dependencies. GaAs manufacturers faced challenges in navigating geopolitical risks and ensuring a stable supply of raw materials, emphasizing the importance of diversification and resilience in supply chain management strategies.

The key companies profiled in the Gallium Arsenide Market Report are listed below:

• AXT Inc.

• Freiberger Compound Materials GmbH

• Sumitomo Electric Industries ltd

• Mitsubishi Electric Corporation

• DOWA Electronics Materials Co., Ltd

• Xiamen Powerway Advanced Material Co., Ltd

• Wafer Technology Ltd.

• Semiconductor Wafer Inc 

• Vital Materials

• Atecom Technology Co, Ltd

 

Gallium Nitride Substrates Market - The global market for GaN Substrates is estimated to grow from $7.2 million in 2021 to at a robust CAGR of 17.0% during the forecast period 2022-2027. Substrates are integral part of the electronics industry, which form the base of electronic products where field effect transistors, diodes, integrated circuits (ICs), and similar devices are fabricated. The substrates are formed from different semiconductor materials in different sizes and are also called wafers.

Power GaN Market - The global Power GaN Market size is estimated to reach $6.6 Billion by 2027, growing at a CAGR of 9.1% during the forecast period 2022-2027. Factors attributing to this market growth include the increasing adoption of efficient & compact semiconductor devices and rising applications of GaN in varied sectors like EV charging, telecommunications & consumer electronics and so on.

Gallium Oxide Semiconductor Market - Gallium Oxide in Semiconductor Market size is estimated to be $8.7M in 2020, growing at a CAGR of 66.9% during the forecast period 2021-2030. Gallium Oxide, also known as gallium sesquioxide has the molecular formula Ga2O3 and is slightly soluble in alkalies. This chemical compound, on the other hand, is thermally stable and insoluble in water.

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Mr. Venkat Reddy

IndustryARC

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