The GaAs Wafer market is estimated to grow from USD 0.7 billion in 2019 to USD 1 billion by 2025, at a CAGR of approximately 6%. The future of the GaAs wafer market creates new prospects to the GaAs wafer suppliers in the radio frequency electronic and optoelectronic applications. The GaAs Wafer market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth drivers for this market are growth of smartphones and growing penetration of light emitting diode (LED).
APAC is the largest along with the fastest growing region in the global GaAs Wafer market due to increasing growth of the semiconductor industry seen in China, Japan, and Taiwan.
Optoelectronic is expected to remain the largest applications for GaAs wafer due to growth of LEDs and lasers.
GaAs Wafer market is consolidated and some of the major players of the market include Freiberger Compound Materials GmbH, Sumitomo Electric Industries, Ltd., AXT, Inc., Mitsubishi Chemical Corporation, DOWA Electronics Materials Co. and others.
The sample figures with some insights are shown below
The scope of the global GaAs Wafer market report is as follows:
- Key Features Description
- Base Year 2019
- Trend Period 2014-2019
- Forecast Period 2020-2025
- Units Considered Value ( $ Million)
Market Segments By substrate type (SI GaAs and SC GaAs), by manufacturing technology (VGF, LEC, and Others), by application (RF Electronics and Optoelectronics)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, and Rest of Europe), Asia Pacific (Taiwan, Japan, China, and Rest of APAC), and RoW
The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading GaAs Wafer manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, the report conducted more than 20 interviews, the same are mentioned below:
- By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
- By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
- By designation: Top level (40%), Operation level (20%), Mid-level (40%)
The report analyzed by substrate type, by manufacturing technology, application, and regional presence of all major GaAs Wafer manufacturers across the globe. Market size for global GaAs Wafer was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.