Gallium Arsenide Market

Gallium Arsenide Market is valued at USD  1036.61 Million in 2021 and is expected to reach USD 2327.66 Million by 2028 with a CAGR of 12.25% over the forecast period.

Global Gallium Arsenide Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for GaAs devices across various end-user industries, rising adoption of smartphones, and growing adoption of 4G &5G networks are some of the major factors driving the growth of the Global Gallium Arsenide Market. 

Scope of Global Gallium Arsenide Market Report- 

Gallium arsenide (GaAs) is an III-V direct band gap semiconductor with a zinc blend crystal structure. Gallium arsenide is utilized in the manufacture of devices like microwave frequency integrated circuits, infrared light-emitting diodes, monolithic microwave integrated circuits, solar cells, laser diodes, and optical windows. GaAs are often used as substrate material for the epitaxial growth of other III-V semiconductors, including indium gallium arsenide, aluminum gallium arsenide, and others. GaAs are used as substitutes for silicon because of their enhanced electronic properties and the selective growth of GaAs on substrates in the form of SiO2 by conventional molecular beam epitaxy. Gallium arsenide is used in the manufacture of infrared light-emitting diodes, monolithic microwave integrated circuits, infrared light-emitting diodes, integrated microwave circuits, solar cells, and optical windows. Gallium arsenide has a more direct bandgap than other semiconductors which is the main reason behind its high light emission and efficiency.  

The Covid-19 pandemic has also impacted the growth of the global gallium arsenide market. The gallium arsenide market is a fundamental piece of the semiconductor market, additionally relaxed in the early months of the pandemic. During the pandemic, the government imposed a limitation on traveling brought about supply chain disruption which eventually impacted the gallium arsenide market. However, the rising demand for electronic components during the lockdown and continued growth in 5G, Wi-Fi, LAN, etc. helped the gallium arsenide market to gain momentum at the earliest. 

The global gallium arsenide market is segmented on the basis of the type, application, and region & country level. On the basis of type, the global gallium arsenide market is segmented into VGF-grown GaAs, LEC-grown GaAs, and others. On the basis of application, the market is segmented into photonics, RF, photovoltaic, LED, and others.  

The regions covered in the global gallium arsenide market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. On the basis of country level, the market of global gallium arsenide is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc. 

Key Players of Global Gallium Arsenide Market Report- 

Some major key players for the global gallium arsenide market report cover prominent players like Freiberger Compound Materials, AWSC, Sumitomo Electric, WIN Semiconductors, GCSs, China Crystal Technologies, Yunnan Germanium, DOWA Electronics Materials, AXT, Century Epitech, and others.   

News- 

II-VI Announced Its High-Power Lasers Available on 6-Inch GaAs Platform 

On October 28th, 2020; the developer of Gallium Arsenide Optoelectronics announced that the full range of its high-power semiconductor laser is now available on its 6-inch GaAs platform. II-VI is presently in volume creation on its 6-inch GaAs platform for high-power edge-emitting diodes to meet what it calls """"developing interest"""" for fiber laser pump chips. The company has leveraged many years of ability in manufacturing highly dependable high-power GaAs edge-radiating siphon lasers, and by expanding on its momentum in deploying 6-inch GaAs optoelectronics platforms for 3D detecting and high-velocity datacom applications. 

Unique Spectrometer Developed at UAH Finds Ultrafast Aspect of Gallium Arsenide 

On May 11th, 2020; Scientists at The University of Alabama in Huntsville (UAH) had developed an extraordinary spectrometer to study ultrafast properties of photonic materials and gadgets and have utilized it to find an until recently never observed aspect of gallium arsenide (GaAs), one of the most significant photonic materials. 

Increasing Demand for GaAs Devices Across Various End-User Industries, Rising Adoption of Smartphones,  and Growing Adoption of 4G & 5G Networks are Some of the Major Factors Driving the Market Growth  

One of the major factors driving the growth of the gallium arsenide market is the increasing demand for GaAs devices across various end-user industries such as aerospace and defense, electronics, and communications. Although GaAs is certainly not a wide bandgap material, it has a more extensive bandgap than silicon, making them more impervious to radiation. These radiation resistances, and a high limit for heat, make GaAs wafers particularly viable in the defense and aerospace industries. Gallium arsenide devices are relatively insensitive to overheating, because of their broad energy band gaps, and they make less noise in electronic circuits than in silicon devices, particularly at higher frequencies. So, increasing demand for GaAs devices across various end-user industries is expected to increase the growth of the gallium arsenide market.  

In addition, the rising adoption of smartphones is also boosting the growth of the gallium arsenide market. Gallium Arsenide is a constantly favoured material for smartphones RF parts. It offers various benefits such as extremely high electron mobility, low noise, high thermal stability, and a broad temperature operating range. Therefore, the increasing adoption of smartphones is expected to fuel the market growth over the forecast period. For example; according to GSM Association; there will be approximately 7.5 billion smartphone connections by 2025, globally. Also, according to, the Cellular Telecommunications and Internet Association, the number of smartphone users in the U.S. is 262 million in 2018. 

Moreover, the growing adoption of 4G & 5G networks is also fostering the global gallium arsenide market. For instance; according to Benton Institute for Broadband and Society, India's 5G consumer broadband pricing tracker has projected 1.3 billion 5G connections by the end of 2022 for the fourth quarter of 2021. The company reports that in 2021, 303 million 5G connections were added worldwide, bringing the total to 521 million. However, the high production cost may hinder the growth of the global gallium arsenide market. In spite of that, advancements in broadband cellular network technology may create more opportunities for the further growth of the global gallium arsenide market. 

Asia Pacific is Expected to Witness a Fastest Growth in the Global Gallium Arsenide Market 

Geographically, Asia Pacific is expected to witness a fastest growth in the global gallium arsenide market within the forecast period due to the increasing internet penetration, rising use of gallium arsenide in electronics, and growing demand for advanced technological devices in this region. Increasing internet penetration is driving the growth of the market. For example; according to India Brand Equity Foundation (IBEF), India's internet users are expected to increase from 445.96 million in 2017 to 829 million by 2021. Therefore, increasing internet penetration is expected to fuel the market growth over the forecast period. The Asia Pacific is a largest manufacturer in the electronic industry. GaAs gadgets are moderately insensitive toward overheating, attributable to their more extensive energy band gap, and they additionally will generally make less noise in electronic circuits than silicon gadgets, particularly at high frequencies. Hence, the increasing use of gallium arsenide in electronics, gallium arsenide is expected to boost the market growth in this region.  

North America is the expected to show a significant growth in the global gallium arsenide market due to the increasing consumption of smartphones, rising numbers of Internet of Things (IoT) devices, and the presence of key players in this region. For instance; according to IEEE Xplore; on May 3rd, 2021; IoT has more than 8 billion connected devices and this number will continue to grow and reach 41 billion by 2027. 

Global Gallium Arsenide Market Segmentation: 

By Type

• VGF Grown GaAs  
• LEC Grown GaAs 
• others 

By Application 

• Photonics  
• RF  
• Photovoltaic  
• LED  
• Others 

By Region Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• China
• South Korea
• Japan
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Gallium Arsenide Market Key Players:

• Freiberger Compound Materials
• AWSC
• Sumitomo Electric
• WIN Semiconductors
• GCSs
• China Crystal Technologies
• Yunnan Germanium
• DOWA Electronics Materials
• AXT
• Century Epitech

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 1036.61 Million
Base year considered	2021
Forecast Period CAGR %:	12.25%
Market Size Expected in 2028:	USD 2327.66 Million
Tables, Charts & Figures:	175
Pages	300
Gallium Arsenide Companies	Freiberger Compound Materials, AWSC, Sumitomo Electric, WIN Semiconductors, GCSs, China Crystal Technologies, Yunnan Germanium, DOWA Electronics Materials, AXT, Century Epitech, and others.
Segments Covered	By Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Gallium Arsenide Market Report– 

• Global Gallium Arsenide Market report covers in-depth historical and forecast analysis 
• Global Gallium Arsenide Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level. 
• Global Gallium Arsenide Market report helps to identify opportunities in marketplace.
• Global Gallium Arsenide Market report covers extensive analysis of emerging trends and competitive landscape.