NEW
YORK, July 2, 2024 /PRNewswire/ -- The global
gallium arsenide components market size is estimated to grow by
USD 3.51 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 6.3% during the forecast period. Rising adoption of
smartphones and tablets is driving market growth, with a trend
towards increasing adoption of 4G and 5G networks. However,
availability of alternative devices poses a challenge. Key market
players include Analog Devices Inc., AXT Inc., Broadcom Inc., CMK
Ltd., DOWA Electronics Materials Co. Ltd., Edmund Optics Inc.,
Freiberger Compound Materials GmbH, Furukawa Denshi Co. Ltd.,
Hanergy Thin Film Power EME BV, II VI Inc., Logitech Ltd., MACOM
Technology Solutions Inc., Murata Manufacturing Co. Ltd., NXP
Semiconductors NV, Qorvo Inc., Reade International Corp., Skyworks
Solutions Inc., Sumitomo Electric Industries Ltd., Umicore SA, and
Western Minmetals SC Corp.
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Gallium Arsenide
Components Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.3%
|
Market growth
2024-2028
|
USD 3518.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.83
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 79%
|
Key
countries
|
South Korea, China, US,
India, and Taiwan
|
Key companies
profiled
|
Analog Devices Inc.,
AXT Inc., Broadcom Inc., CMK Ltd., DOWA Electronics Materials Co.
Ltd., Edmund Optics Inc., Freiberger Compound Materials GmbH,
Furukawa Denshi Co. Ltd., Hanergy Thin Film Power EME BV,
II VI Inc., Logitech Ltd., MACOM Technology Solutions Inc., Murata
Manufacturing Co. Ltd., NXP Semiconductors NV, Qorvo Inc., Reade
International Corp., Skyworks Solutions Inc., Sumitomo Electric
Industries Ltd., Umicore SA, and Western Minmetals SC
Corp.
|
Market Driver
The global market for Gallium Arsenide (GaAs) components is
poised for significant growth due to the widespread adoption of
high-speed Internet connectivity. With the phase-out of 2G and 3G
networks and the increasing focus on 4G and 5G technologies, the
demand for GaAs components in smartphones, tablets, and other
communication devices is expected to increase substantially. 5G
technology, which is currently in development, will offer faster
data speeds and improved performance, leading to higher sales
volumes for GaAs components. Major countries, including the US,
Japan, and South Korea, are expected to be early adopters
of 5G technology, further boosting the market growth.
The Gallium Arsenide components market is experiencing
significant growth, with technologies such as telecommunications,
optoelectronics, and military applications driving demand. The use
of GaAs in high-frequency applications, like radio frequency (RF)
and microwave technologies, is increasing due to its superior
performance. The semiconductor industry is also investing in GaAs
for its use in power electronics and solar cells. The increasing
demand for GaAs components is also due to their high efficiency,
excellent thermal conductivity, and high electron mobility. The
market for GaAs components is expected to continue its upward trend
in the coming years.
Research report provides comprehensive data on
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Report
Market Challenges
- The GaAs components market faces challenges from emerging
alternatives such as GaN, SiGe, LDMOS, and CMOS devices. GaN and
LDMOS are used in power amplifiers, while SiGe is preferred in
low-noise applications. CMOS is gaining popularity in entry-level
phones and is expected to expand into smartphones. High-power RF
semiconductor devices demand substrates with high thermal
conductivity, which GaAs cannot provide. GaN substrates are used
instead for high-voltage applications. These factors are expected
to limit the growth of the GaAs components market during the
forecast period.
- The Gallium Arsenide components market faces several challenges
in the semiconductor industry. The high cost of production and
complexity in manufacturing are major hurdles. The demand for these
components is increasing due to their superior properties in
telecommunications, optoelectronics, and radio frequency
applications. However, the competition from other semiconductor
materials, such as silicon, is intense. The need for advanced
technologies and processes to improve efficiency and reduce costs
is crucial. Defects and impurities in the raw materials and
manufacturing processes also pose challenges. The market requires
continuous research and development to address these issues and
maintain competitiveness.
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challenges - Request a sample report!
Segment Overview
This gallium arsenide components market report extensively
covers market segmentation by
- Type
- 1.1 LEC grown GaAs
- 1.2 VGF grown GaAs
- Application
- 2.1 Mobile devices
- 2.2 Wireless communication
- 2.3 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 LEC grown GaAs- The LEC-grown GaAs segment led the
gallium arsenide components market in 2023, driven by advancements
in wireless communication, satellite technology, and other wireless
networks. This segment's dominance is attributed to the
semiconductor industry's high usage of semi-insulating GaAs single
crystals. Benefits such as scalability, effectiveness, temperature
reduction, carbon content control, and good insulation properties
make LEC-grown GaAs an attractive choice. These advantages, coupled
with the expanding semiconductor sector, are expected to boost
demand for LEC-grown GaAs and fuel market growth throughout the
forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Gallium Arsenide (GaAs) components market encompasses the
production and supply of various optoelectronic devices and
semiconductor ICs, including Laser Diodes, Light Emitting Diodes,
and Microwave Integrated Circuits. These components find extensive
applications in the Aerospace Industry, Electronics Industry, and
Communications Industry, particularly in the development of 5G
Networks and 5G Wireless Communication systems. GaAs is a preferred
semiconductor material due to its superior electrical and optical
properties, making it ideal for Power Amplifiers, Low Noise
Amplifiers, Filters and Duplexers, RF Mixers, Switches, and other
frequency-related components. Operating at various frequencies and
with different voltage requirements, these components are
manufactured using advanced technologies like Plasma Etching and
VGF Technology. The wafer size used in the production process
varies depending on the specific application and component
design.
Learn and explore more about Technavio's in-depth research
reports
The global Front End of the Line Semiconductor Equipment Market
is experiencing robust growth due to the increasing demand for
advanced semiconductors in various industries. Concurrently, the
global Semiconductor IP Market is expanding, driven by the need for
efficient and cost-effective semiconductor design solutions.
Additionally, the Magneto Resistive RAM (MRAM) Market is gaining
traction as MRAM technology offers significant advantages in terms
of speed, endurance, and power efficiency. These trends highlight
the dynamic nature of the semiconductor industry, underscoring the
critical role of innovative technologies in shaping the future of
electronics.
Market Research Overview
The Gallium Arsenide (GaAs) components market encompasses the
production and supply of semiconductor devices and related products
based on Gallium Arsenide. These components are utilized in various
applications such as radio frequency (RF) and power electronics,
optoelectronics, and sensor technology. GaAs materials offer
advantages like high electron mobility, high saturation velocity,
and high electron velocity, making them suitable for high-frequency
and high-power applications. The GaAs components market is driven
by the increasing demand for wireless communication systems, solar
energy conversion systems, and other advanced technologies. The
market is expected to grow significantly due to the continuous
research and development in the field of GaAs technology and the
increasing adoption of GaAs-based devices in various
industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- LEC Grown GaAs
- VGF Grown GaAs
- Application
-
- Mobile Devices
- Wireless Communication
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio