Gallium Arsenide Wafer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Gallium Arsenide Wafer Market Introduction
A semiconductor compound of gallium (Ga) and arsenic (As) is known as gallium arsenide. Gallium is a rare earth material and a bi-product manufactured during the smelting of aluminum and zinc, and arsenic is known to have poisonous properties. Gallium arsenide wafers can be manufactured using a number of manufacturing technologies, such as Liquid Encapsulated Czochralski (LEC) and Vertical Gradient Freeze (VGF).
Gallium arsenide wafers are commonly used in a wide range of industrial applications such as solar cells, laser diodes, wireless communication, light emitting diodes (LEDs), and monolithic microwave integrated circuit (MMIC). Owing to its extraordinary material properties, such as wide temperature operating range, high electron mobility, high thermal stability, and moisture resistance, gallium arsenide wafers are well suited for applications with fast electronic and switching ultra-high radio frequency.
Gallium Arsenide Wafer Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global gallium arsenide wafer market include –
Gallium Arsenide Wafer Market Dynamics
Advantages of Gallium Arsenide over Silicon Bolster Applications of Gallium Arsenide Wafer across Industries
Silicon is one of the most popular choice of material for manufacturing wafers and it finds numerous applications across a wide range of industrial sectors. However, the demand for gallium arsenide wafers are likely to supersede the demand for silicon wafers owing to the extraordinary material properties of gallium arsenide. Gallium arsenide is a lightweight and more flexible material than silicon, which improve the characteristics of gallium arsenide wafers in comparison with silicon wafers.
Also, gallium arsenide wafers are highly resistant to external factors, such as radiation, moisture, and ultraviolet light, which is another important factor to boost applications of gallium arsenide wafers across industries. As a result, gallium arsenide wafers are becoming a popular choice for aerospace applications, where resistance to ultraviolet rays and radiation is a must. Thereby, extraordinary material properties of gallium arsenide wafers are bolstering its demand over silicon wafers in various end-use applications.
Increasing Demand for Gallium Arsenide Wafers in Solar Applications will Boost Market Growth
Gallium arsenide wafers are gaining immense popularity as one of the most efficient solar material, as it helps end-users to produce more power for a given surface area than silicon wafers. Furthermore, material properties of gallium arsenide to perform well despite the low availability of sunlight leads to boosting demand for gallium arsenide wafers in solar power applications.
A mounting number of end-users are adopting strategies to grow a thin gallium arsenide layer on a crystal gallium arsenide wafer and then remove it to manufacture a flexible and lightweight solar cell. Thereby, growing needs for manufacturing lightweight, flexible, and highly efficient solar cells are triggering growth of the gallium arsenide wafer market across the world.
Increasing Applications of Gallium Arsenide Wafers in Communication Devices Mark an Important Market Trend
Despite the high demand for gallium phosphide (GaP) and indium phosphide (InP) in communication devices owing to their high data transmission speed, gallium arsenide wafers are being used vastly in communication devices as they enable manufacturers in the communication devices market to offer better production scalability of their products. Gallium arsenide wafer-based communication devices exhibit superior properties compared to communication devices manufacturing using other semiconductor wafers as they can be produced on a large scale with an excellent yield rate.
Furthermore, with the emerging concept of the Internet of Things (IoT), the demand for gallium arsenide wafer-based, high-frequency communication devices has increased rapidly. Improved scalability, functionality, and compatibility of communication devices made of gallium arsenide wafer with the IoT network is complementing growth of the gallium arsenide wafer market. A majority of companies in the communication devices market are adopting strategies to expand their communication infrastructure, and this may boost adoption of gallium arsenide wafer-based devices. Thereby, this is likely to become one of the most popular trends in the gallium arsenide wafer market in the forthcoming years.
Gallium Arsenide Wafer Market Segmentation
Based on the manufacturing technologies, the gallium arsenide wafer market is segmented into,
Based on the types of substrates, the gallium arsenide wafer market is segmented into,
Based on its end-use, the gallium arsenide wafer market is segmented into,
Based on its industrial applications, the gallium arsenide wafer market is segmented into,
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report