Gallium Arsenide Wafer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Gallium Arsenide Wafer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
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
- IQE Corporation and Wafer Technology, a global leader in advanced semiconductor products and gallium arsenide wafer market, announced in September 2018 that it has entered an the Option, Licence and Assignment Agreement with Translucent Inc. to purchase cREO™ – its unique and innovative ‘Rare Earth Oxide’ semiconductor technology. The company aims to leverage the cREO™ technology to adopt a unique approach while manufacturing innovative semiconductor products, including gallium arsenide wafer, gallium nitride (GaN) on silicon (Si), in order to gain momentum in RF technologies and power switching markets.
- United Monolithic Semiconductors, a European providers of RF MMIC products and foundry services for the aerospace and defense industry, announced in April 2018 that the PPH15X-20 gallium arsenide pHEMT technology has become part of the European Space Agency’s (ESA) European Preferred Part List (EPPL).
- WIN Semiconductors Corp., a pure-play compound semiconductor foundry and a leading player in the gallium arsenide wafer market, announced September 2018 that the company is incorporating its innovative gallium arsenide technologies, such as PIH1-10, as the front-end semiconductor technology for the development and deployment of 5G network infrastructure and user equipment in the sub-6GHz and mmWave frequency bands.
Some of the most prominent competitors operating in the competitive landscape of global gallium arsenide wafer market include –
- Freiberger Compound Materials
- China Crystal Technologies
- Sumitomo Electric
- AXT
- Shenzhou Crystal Technology
- Powerway Advanced Material Co. Ltd
- Intelligent Epitaxy Technology, Inc.
- Yunnan Germanium
- Tianjin Jingming Electronic II-VI Incorporated
- Ommic S.A.
- Qorvo, Inc.
- WIN Semiconductors Corp.
- IQE Corporation and Wafer Technology
- DOWA Electronics Materials
- United Monolithic Semiconductors
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,
- Liquid Encapsulated Czochralski (LEC)
- Molecular Beam Epitaxy (MBE)
- Vertical Gradient Freeze (VGF)
- Metal-Organic Vapor Phase Epitaxy (MOVPE)
- Others
Based on the types of substrates, the gallium arsenide wafer market is segmented into,
- Semi-Insulating Gallium Arsenide Wafer (SI GaAs Wafer)
- Semi-Conducting Gallium Arsenide Wafer (SC GaAs Wafer)
Based on its end-use, the gallium arsenide wafer market is segmented into,
- RF Electronics
- Optoelectronics
Based on its industrial applications, the gallium arsenide wafer market is segmented into,
- Mobile Devices
- Wireless Communication Network
- Aerospace And Defense
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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