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,
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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