Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 112 Million | USD 167 Million | 4.1% | 2024 |
FrequentlyAsked Questions
Many devices, including laser diodes, infrared emitting diodes, and microwave frequency integrated circuits, make use of Gallium Arsenide (GaAs), a well-known type III-V direct bandgap semiconductor.
The Gallium Arsenide (GaAs) Wafer market is being driven by several factors, including growing demand for 5G and wireless communication, expansion of the optoelectronics market, increasing use in aerospace and defense, rising demand for GaAs solar cells, and many others.
According to the report, the global Gallium Arsenide (GaAs) Wafer market size was worth around USD 112 million in 2024 and is predicted to grow to around USD 167 million by 2034.
The global Gallium Arsenide (GaAs) Wafer market is expected to grow at a CAGR of 4.1% during the forecast period.
The global Gallium Arsenide (GaAs) Wafer market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing consumer electronics industry and rising emphasis on solar energy.
The global Gallium Arsenide (GaAs) Wafer market is dominated by players like ALB Materials Inc., American Elements, Atecom Technology Co., Ltd., AXT Inc., Azelis Group, CMC Microsystems, CrysTec GmbH, DOWA Holdings Co., Ltd., Freiberger Compound Materials GmbH, Intelligent Epitaxy Technology, Inc. (IntelliEPI), IQE PLC, Logitech Limited, Nanografi Nano Technology by Ahlatci Holding, nanoPHAB B.V., PlutoSemi Co., Ltd., Precision Micro-Optics Inc., Sanan Optoelectronics, Sumitomo Electric Group, Vital Materials Co., Limited, Wafer Technology Ltd., Wafer World, Inc., Western Minmetals (SC) Corporation, and Xiamen Powerway Advanced Material Co., Limited., among others.
- The Gallium Arsenide (GaAs) Wafer market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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