Global Gallium Arsenide (GaAs) Wafer Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Gallium Arsenide (GaAs) Wafer Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Gallium arsenide (GaAs) is a compound of the element’s gallium and arsenic. It is an III-V direct bandgap semiconductor with a zinc blend crystal structure. Gallium arsenide is used in the manufacture of devices such as microwave frequency integrated circuits, monolithic microwave integrated circuits, infrared light-emitting diodes, laser diodes, solar cells, and optical windows.

Market Overview:

The latest research study on the global Gallium Arsenide (GaAs) Wafer market finds that the global Gallium Arsenide (GaAs) Wafer market reached a value of USD 355.0 million in 2023. It’s expected that the market will achieve USD 1385.06 million by 2029, exhibiting a CAGR of 25.47% during the forecast period.

Advantages of gallium arsenide wafer products in semiconductor industry

Gallium arsenide wafers belong to the semiconductor material industry, is an important part of the upstream semiconductor industry chain, and plays a key role in the production and manufacturing of semiconductor products such as integrated circuits and discrete devices. Gallium arsenide wafer is mainly used as substrate, substrate is the most core material in the field of semiconductor materials. Gallium arsenide has excellent properties as a semiconductor material. Gallium arsenide substrate is used to manufacture semiconductor devices, with high power density, low energy consumption, high temperature resistance, high luminous efficiency, radiation resistance, high breakdown voltage and other characteristics, so gallium arsenide substrate is widely used in the production of LED, RF devices, lasers and other device products. Therefore, the downstream applications of gallium arsenide wafer industry chain mainly involve 5G communication, a new generation of display (Mini LED, Micro LED), unmanned driving, artificial intelligence, wearable devices and other fields. Thanks to the continuous strong demand of downstream applications, the market size of gallium arsenide substrate will continue to expand.

The growth of market demand in downstream industries

Gallium arsenide wafers are one of the mainstream compound semiconductor materials today, originally used in LED and solar cells. With the popularity of mobile devices, gallium arsenide substrates began to be used in the production of RF devices for mobile devices. Gallium arsenide wafers have significant advantages of high electron mobility and high saturated electron rate, so gallium arsenide has been one of the mainstream substrate materials for the manufacture of RF power amplifiers. After entering the 5G era, 5G communication has put forward higher requirements for power, frequency and transmission speed, and RF devices made of gallium arsenide substrate are very suitable for application in high-frequency circuits with long distance and long communication time. Therefore, the material advantages of gallium arsenide are more significant in RF devices in the 5G era. In addition, with the popularity of smart phones and LED, gallium arsenide substrate has entered the stage of large-scale application. For example, in 2017, iPhone X introduced VCSEL for face recognition for the first time. The production of VCSEL requires the use of gallium arsenide substrate, and the application scenario of gallium arsenide substrate has been expanded again. In 2021, with Apple, Samsung, LG, TCL and other manufacturers joining the Mini LED market, the market demand for gallium arsenide substrates will usher in explosive growth.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Gallium Arsenide (GaAs) Wafer market and is expected to become the largest region by 2028.

Company Overview:

Sumitomo Electric Industries is one of the major players operating in the Gallium Arsenide (GaAs) Wafer market, holding a share of 28.83% in 2023.

Sumitomo Electric Industries, Ltd. manufactures electric wires, cables, and their related equipment. The Company's products include optical fibers, wire harnesses, antennas for broadcasting stations, and electric monitoring systems. Sumitomo Electric also produces disc brakes and antilock braking systems for automobiles and printed circuit boards.

Segmentation Overview:

Among different product types, VGF Grown GaAs segment is anticipated to contribute the largest market share in 2028.

Gallium arsenide wafers are manufactured in two different ways, and the LEC technology is used to grow single crystals of materials, especially semiconductors such as gallium arsenide. The crystals are extracted from the melt, which is contained in a suitable crucible and protected from contamination by being encapsulated by the liquid. The VGF process involves carefully controlling the temperature in the furnace to gradually solidify the melt, resulting in the formation of single crystals. The advantage of this method is that the crystals produced are usually of high quality and have a low defect density.

Application Overview:

By application, the LED segment occupied the biggest share from 2018 to 2022.

Gallium arsenide (GaAs) wafers are a key component in the manufacture of various electronic devices and can be used in RF, LED, photonics and photovoltaic. Gallium arsenide is a III-V compound semiconductor with a direct band gap that can efficiently emit and absorb light in the infrared and visible spectrum, so it has unique electrical and optical properties that can be used in a variety of devices such as infrared emitting diodes, laser diodes, and microwave frequency integrated circuits. It is also used to produce photovoltaic cells. Gallium arsenide wafers have high electron mobility that surpasses silicon, making them suitable for high-speed applications such as microwave devices, high-speed transistors, and integrated circuits (IC).

Key Companies in the global Gallium Arsenide (GaAs) Wafer market covered in Chapter 3:

DOWA Electronics Materials
Atecom Technology Co. Ltd.
Yunnan Germanium
Freiberger Compound Materials GmbH
Powerway Advanced Mateiral
Sumitomo Electric Industries
Wafer Technology
AXT Inc.
China Crystal Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Gallium Arsenide (GaAs) Wafer market from 2019 to 2030 is primarily split into:

LEC Grown GaAs
VGF Grown GaAs

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gallium Arsenide (GaAs) Wafer market from 2019 to 2030 covers:

RF
LED
Photonics
Photovoltaic

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)