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

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

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 Wafer market finds that the global Gallium Arsenide Wafer market reached a value of USD 1032.2 million in 2022. It’s expected that the market will achieve USD 1930.62 million by 2028, exhibiting a CAGR of 11.0% during the forecast period.

COVID-19 Outbreak: Gallium Arsenide Wafer Industry Impact

In the short term, with the outbreak of COVID-19 in China, the global supply chain is gradually being affected. In February 2020 and the next few months, factories around the world were closed for a short period, and output dropped sharply. As the virus spread and other countries including South Korea, Japan, Italy, Germany, France, and the United States imposed strict blockade restrictions, the production of electronic products stopped again.

In the long term, as the virus is gradually controlled, the global Gallium Arsenide Wafer industry chain has gradually recovered. Moreover, people's pursuit of the 5G era will not be interrupted because of the epidemic. Thus, after the epidemic, the Gallium Arsenide Wafer industry has developed to a normal level. And affected by the rising demand from downstream, the Gallium Arsenide Wafer industry is developing better and better.

Region Overview:

From 2022-2027, East Asia is estimated to witness robust growth prospects.

Company Overview:

Sumitomo Electric Industries is one of the major players operating in the Gallium Arsenide Wafer market, holding a share of 32.89% in 2021.

Sumitomo Electric Industries

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.

Sumitomo Electric Industries

Freiberger Compound Materials GmbH is a manufacturer of compound semiconductor substrates for microelectronics and optoelectronics.

Segmentation Overview:

Among different product types, VGF Grown GaAs segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Wireless Communication segment occupied the biggest share from 2017 to 2022.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Gallium Arsenide Wafer market from 2018 to 2029 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 Wafer market from 2018 to 2029 covers:

Wireless Communication
Optoelectronic Devices

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)