Gallium Arsenide Wafer Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that 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.

The gallium arsenide wafer market is mainly driven by rising internet penetration across the globe, specifically in developing countries such as Brazil and India. In addition, the demand for base stations, backhaul, and fiber-optic networks in wireless communication infrastructure & Wi-Fi connectivity products have accelerated and thus promote the increasing penetration of the internet. The strong growth rates for such technologies and other products about wireless communications are augmenting the adoption of GaAs wafers in the coming years.

Market Segments' Analysis

According to Stratview Research, the Gallium Arsenide Wafer Market is segmented By Type (SC GaAs, SI GaAs), By Application (Mobile Devices, Wireless Communications, Radio Frequency Electronics, Aerospace and Defense, Others), and Region.

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.

Top key vendors in the market:

The report mentions a list of key players in the Gallium Arsenide Wafer Market. Some of them are mentioned below –

·         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)

Before investing, get a free sample report here : https://www.stratviewresearch.com/Request-Sample/2457/Gallium-Arsenide-Wafer-Market.html#form

About Us –

Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.

Stratview Research

Call Us:  +1-313-307-4176

Mail Us:  sales@stratviewresearch.com