Stratview Research has launched a new report, titled Gallium Arsenide Wafer Market, By Type (SC GaAs, SI GaAs), By Application (Mobile Devices, Wireless Communications, Radio Frequency Electronics, Aerospace and Defense, Others), and Region.

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, The Gallium Arsenide Wafer Market is estimated to grow from USD 912.8 million in 2020 to USD 1,805.5 million by 2026 at a healthy CAGR of 12.3% during the forecast period.

Market Segments’ Analysis

Based on application, the gallium arsenide wafer market has been classified into mobile devices, wireless communications, radio frequency electronics, aerospace and defense, and others. The radiofrequency electronics segment accounted for the largest market share in 2020. The radio-frequency devices developed with GaAs substrates are most commonly used in wireless communication applications, such as mobile communication, wireless networks (WLAN), satellite communications, 4G/5G base stations, and Wi-Fi communications, thus bolstering the segment growth.

By region, the Asia-Pacific Gallium Arsenide Wafer market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The gallium arsenide wafer market growth is mainly propelled by a dense population coupled with the rising smartphone penetration in the region. Also, China, Japan, and India have surging demand for advanced technological devices such as smart devices, smartphones, computers, and laptops, further augmenting the regional market growth.

The North America Gallium Arsenide Wafer market is expected to grow at a healthy CAGR during the review period. The regional growth is ascribed to a large presence of key industry players in the region, high disposable income, strong product innovation, and increasing sales of consumer electronic devices.

Key Players

The following are the key players in the Gallium Arsenide Wafer market-

  • Semiconductor Wafer Inc (Taiwan)
  • AXT Inc. (US)
  • Freiberger Compound Materials GmbH (Germany)
  • Xiamen Powerway Advanced Material Co. Ltd. (China)
  • Sumitomo Electric Industries Ltd. (Japan)
  • Wafer Technology Ltd. (UK)
  • MTI Corporation (US)
  • Vital Materials Co Limited (US)
  • Advanced Wireless Semiconductor Co. (Taiwan)
  • GCS Holdings Inc. (US)

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Gallium Arsenide Wafer market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Gallium Arsenide Wafer market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

Read the full report:

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