Global Gallium Arsenide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Gallium Arsenide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Gallium arsenide is a compound of gallium and arsenic. It is also an important IIIA and VA compound semiconductor material. It is used to make microwave integrated circuits, infrared light-emitting diodes, semiconductor lasers and solar cells.

Market Overview:

The latest research study on the global Gallium Arsenide market finds that the global Gallium Arsenide market reached a value of USD 781.89 million in 2022. It’s expected that the market will achieve USD 2770.5 million by 2028, exhibiting a CAGR of 23.47% during the forecast period.

Product potential toxicity

The toxicity of gallium arsenide has not yet been fully studied. The health hazard effects of GaAs are controversial, especially its carcinogenicity. The International Agency for Research on Cancer classifies arsenic and its inorganic compounds as class I carcinogens. The respiratory tract is the main effector of gallium arsenide's toxic effects, mainly manifested as inflammatory reactions and proliferative lesions. The potential toxicity of gallium arsenide products may pose a health threat to product producers, which may limit market expansion.

High production costs

The raw material cost of gallium arsenide is high, the production process is complicated, and the high cost restricts the application of the product. And due to cost and technical constraints, GaAs manufacturers must have a certain level of investment scale and long-term process technology development, so such enterprises have extremely high entry barriers. Higher technology thresholds and capital thresholds restrict more companies from entering the gallium arsenide market.

Product innovation and updates

The innovation of GaAs products is mainly reflected in the optimization of production processes and the improvement of product quality. At present, there are still some technical problems in the production of gallium arsenide, resulting in high production costs and low production efficiency. With the development of technology, manufacturers need to improve the manufacturing process of products. The optimization of product manufacturing processes and the improvement of product quality will benefit the wider application of gallium arsenide products.

Region Overview:

North America is projected to account for a considerable share of the Gallium Arsenide market and is expected to become the largest region by 2028.

Company Overview:

Sumitomo Electric is one of the major players operating in the Gallium Arsenide market, holding a share of 47.6% in 2023.

Sumitomo Electric

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 board.

AXT

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge).

Segmentation Overview:

By type, VGF Grown GaAs segment accounted for the largest share of market in 2022.

LEC Grown GaAs

The LEC method uses a graphite heater and a PBN crucible, uses B2O3 as a liquid sealant, and performs gallium arsenide crystal growth under an argon atmosphere of 2MPa.

VGF Grown GaAs

In the VGF process, the synthesized gallium arsenide polycrystal, B2O3, and seed crystal are packed into a PBN crucible and sealed in an evacuated quartz bottle. The furnace body is vertically placed and heated by resistance wires. The quartz bottle is vertically placed in the middle of the furnace body. After melting the gallium arsenide polycrystal at high temperature and welding the seed crystal, the thermal field is precisely controlled by the computer to slowly cool down, and the growth interface is gradually moved upward from the lower end of the melt to complete the crystal growth.

Application Overview:

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

Wireless Communication

Wireless communication refers to long-distance transmission and communication between multiple nodes without propagation through conductors or cables. Radio communications can be used for radio communication. GaAs is used in wireless communication equipment due to its good linearity and high efficiency.

Optoelectronic Devices

Optoelectronic devices are electro-optical or photoelectric converters, or instruments that use such devices in operation.

Key Companies in the global Gallium Arsenide market covered in Chapter 3:

II-VI Incorporated
China Crystal Technologies
Sumitomo Electric
AXT
Freiberger Compound Materials
Yunnan Germanium
DOWA Electronics Materials

In Chapter 4 and Chapter 14.2, on the basis of types, the Gallium Arsenide market from 2018 to 2029 is primarily split into:

LEC Grown GaAs
VGF Grown GaAs
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gallium Arsenide market from 2018 to 2029 covers:

Wireless Communication
Optoelectronic Devices
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)