LONDON--(BUSINESS WIRE)--Technavio has been monitoring the gallium arsenide (GaAs) wafers market and it is poised to grow by 2.27 mn t during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Rising penetration of LEDs in general lighting is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 13.62% and the incremental growth of the market is anticipated to be 2.27 million tons.
Who are the top players in the market?
Advanced Wireless Semiconductor Co., AXT Inc., Freiberger Compound Materials GmbH, GCS Holdings Inc., IntelliEPI Inc., IQE Plc, OMMIC SAS, Qorvo Inc., WIN Semiconductors Corp., and Xiamen Powerway Advanced Material Co. Ltd., are some of the major market participants.
What is the key market driver?
The increasing adoption of smartphones is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 69% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced Wireless Semiconductor Co., AXT Inc., Freiberger Compound Materials GmbH, GCS Holdings Inc., IntelliEPI Inc., IQE Plc, OMMIC SAS, Qorvo Inc., WIN Semiconductors Corp., and Xiamen Powerway Advanced Material Co. Ltd. are some of the major market participants. The increasing adoption of smartphones will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Gallium Arsenide (GaAs) Wafers Market 2020-2024: Segmentation
Gallium Arsenide (GaAs) Wafers Market is segmented as below:
- Mobile Devices
- Wireless Communication
- Aerospace And Defense
- North America
- South America
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Gallium Arsenide (GaAs) Wafers Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gallium arsenide (GaAs) wafers market report covers the following areas:
- Gallium Arsenide (GaAs) Wafers Market Size
- Gallium Arsenide (GaAs) Wafers Market Trends
- Gallium Arsenide (GaAs) Wafers Market Industry Analysis
This study identifies rising penetration of LEDs in general lighting as one of the prime reasons driving the gallium arsenide (GaAs) wafers market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gallium Arsenide (GaAs) Wafers Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist gallium arsenide (GaAs) wafers market growth during the next five years
- Estimation of the gallium arsenide (GaAs) wafers market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the gallium arsenide (GaAs) wafers market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of gallium arsenide (GaAs) wafers market, vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application by Volume
- Market segments
- Comparison by Application by volume
- Mobile devices - Market size and forecast 2019-2024
- Wireless communication - Market size and forecast 2019-2024
- Aerospace and defense - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application by volume
Market Segmentation by Type by Volume
- Market segments
- Comparison by Type volume chart
- SC GaAs - Market size and forecast 2019-2024
- SI GaAs - Market size and forecast 2019-2024
- Market opportunity by Type volume chart
Geographic Landscape by Volume
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024 (million t)
- North America - Market size and forecast 2019-2024 (million t)
- Europe - Market size and forecast 2019-2024 (million t)
- MEA - Market size and forecast 2019-2024 (million t)
- South America - Market size and forecast 2019-2024 (million t)
- Key leading countries
- Market opportunity by geography
- Volume driver-Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Advanced Wireless Semiconductor Co.
- AXT Inc.
- Freiberger Compound Materials GmbH
- GCS Holdings Inc.
- IntelliEPI Inc.
- IQE Plc
- OMMIC SAS
- Qorvo Inc.
- WIN Semiconductors Corp.
- Xiamen Powerway Advanced Material Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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