GaAs Wafer Market Report: Trends, Forecast and Competitive Analysis to 2030

GaAs Wafer Market Report: Trends, Forecast and Competitive Analysis to 2030

GaAs Wafer Trends and Forecast

The future of the global GaAs wafer market looks promising with opportunities in the mobile device, photovoltaic devices, wireless communication, optoelectronic device, and aerospace & defense markets. The global GaAs wafer market is expected to reach an estimated $1.0 billion by 2030 with a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are rising demand in emerging markets for decentralized energy generation systems, increase in the public's awareness of the negative environmental effects of nonrenewable energy sources, and rising demand solar system installation.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

GaAs Wafer by Segment

The study includes a forecast for the global GaAs wafer by production method, application, and region.

GaAs Wafer Market by Production Method [Shipment Analysis by Value from 2018 to 2030]:

• Vertical Gradient Freeze
• Liquid Encapsulated Czochralski
• Molecular Beam Epitaxy
• Metal Organic Vapor Phase Epitaxy

GaAs Wafer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Mobile Device
• Photovoltaic Devices
• Wireless Communication
• Optoelectronic Device
• Aerospace & Defense
• Others

GaAs Wafer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of GaAs Wafer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies GaAs wafer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the GaAs wafer companies profiled in this report include-

• Semiconductor Wafer
• AXT
• Freiberger Compound Materials
• Xiamen Powerway Advanced Material
• Sumitomo Electric Industries
• Wafer Technology
• MTI
• Vital Materials
• DOWA Electronics Materials
• II-VI

GaAs Wafer Market Insights

Lucintel forecasts that vertical gradient freeze will remain the largest segment over the forecast period because it creates substrates that are stronger mechanically and have relatively low defect concentrations.

North America will remain the largest region over the forecast period due to the region's expanding support for the semiconductor devices sector, the rapid expansion of the consumer electronics industry, and the growing demand for GaAs wafer across various end-user industries.

Features of the Global GaAs Wafer Market

Market Size Estimates: GaAs wafer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: GaAs wafer market size by production method, application, and region in terms of value ($B).

Regional Analysis: GaAs wafer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different production method, application, and regions for the GaAs wafer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the GaAs wafer market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the GaAs wafer market size?

Answer: The global GaAs wafer market is expected to reach an estimated $1.0 billion by 2030.

Q2. What is the growth forecast for GaAs wafer market?

Answer: The global GaAs wafer market is expected to grow with a CAGR of 11.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the GaAs wafer market?

Answer: The major drivers for this market are rising demand in emerging markets for decentralized energy generation systems, increase in the public's awareness of the negative environmental effects of nonrenewable energy sources, and rising demand solar system installation.

Q4. What are the major segments for GaAs wafer market?

Answer: The future of the global GaAs wafer market looks promising with opportunities in the mobile device, photovoltaic devices, wireless communication, optoelectronic device, and aerospace & defense markets.

Q5. Who are the key GaAs wafer market companies?

Answer: Some of the key GaAs wafer companies are as follows:

• Semiconductor Wafer
• AXT
• Freiberger Compound Materials
• Xiamen Powerway Advanced Material
• Sumitomo Electric Industries
• Wafer Technology
• MTI
• Vital Materials
• DOWA Electronics Materials
• II-VI

Q6. Which GaAs wafer market segment will be the largest in future?

Answer: Lucintel forecasts that vertical gradient freeze will remain the largest segment over the forecast period because it creates substrates that are stronger mechanically and have relatively low defect concentrations.

Q7. In GaAs wafer market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the region's expanding support for the semiconductor devices sector, the rapid expansion of the consumer electronics industry, and the growing demand for GaAs wafer across various end-user industries.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the GaAs wafer market by production method (vertical gradient freeze, liquid encapsulated czochralski, molecular beam epitaxy, and metal organic vapor phase epitaxy), application (mobile device, photovoltaic devices, wireless communication, optoelectronic device, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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