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Gallium Arsenide Component Trends and Forecast
The future of the global gallium arsenide component market looks promising with opportunities in the mobile device and wireless communication markets. The global gallium arsenide component market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing adoption of smartphones and tablets, increasing demand for data, as well as, increasing acceptance of GaAs components for internet infrastructure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Gallium Arsenide Component by Segment
The study includes a forecast for the global gallium arsenide component by type, application, and region.
Gallium Arsenide Component Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• LEC-Grown GaAs
• VGF-Grown GaAs
Gallium Arsenide Component Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Mobile Devices
• Wireless Communication
• Others
Gallium Arsenide Component Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Gallium Arsenide Component 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 gallium arsenide component companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gallium arsenide component companies profiled in this report include-
• Analog Devices
• AXT
• Broadcom
• CMK
• DOWA
• Edmund Optics
• Freiberger Compound Materials
• MACOM Technology Solutions
• Murata Manufacturing
• Skyworks Solutions
Gallium Arsenide Component Market Insights
Lucintel forecasts that LEC-grown GAAS will remain the larger segment over the forecast period due to increasing advancements in satellite technology, wireless networks, and wireless communication, as well as, the semiconductor industry makes extensive use of semi-insulating GaAs single crystals.
APAC is expected to witness highest growth over the forecast period because of high demand from makers of communication devices for gallium arsenide components, as well as, power applications are in greater demand owing to the existence of high-growth economies.
Features of the Global Gallium Arsenide Component Market
Market Size Estimates: Gallium arsenide component market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Gallium arsenide component market size by type, application, and region in terms of value ($B).
Regional Analysis: Gallium arsenide component market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the gallium arsenide component market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gallium arsenide component market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for gallium arsenide component market?
Answer: The global gallium arsenide component market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the gallium arsenide component market?
Answer: The major drivers for this market are growing adoption of smartphones and tablets, increasing demand for data, as well as, increasing acceptance of GaAs components for internet infrastructure.
Q3. What are the major segments for gallium arsenide component market?
Answer: The future of the global gallium arsenide component market looks promising with opportunities in the mobile device and wireless communication markets.
Q4. Who are the key gallium arsenide component market companies?
Answer: Some of the key gallium arsenide component companies are as follows:
• Analog Devices
• AXT
• Broadcom
• CMK
• DOWA
• Edmund Optics
• Freiberger Compound Materials
• MACOM Technology Solutions
• Murata Manufacturing
• Skyworks Solutions
Q5. Which gallium arsenide component market segment will be the largest in future?
Answer: Lucintel forecasts that LEC-grown GAAS will remain the larger segment over the forecast period due to increasing advancements in satellite technology, wireless networks, and wireless communication, as well as, the semiconductor industry makes extensive use of semi-insulating GaAs single crystals.
Q6. In gallium arsenide component market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because of high demand from makers of communication devices for gallium arsenide components, as well as, power applications are in greater demand owing to the existence of high-growth economies.
Q7. 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 gallium arsenide component market by type (LEC-grown GAAS and VGF-grown GAAS), application (mobile devices, wireless communication, 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?
For any questions related to Gallium Arsenide Component Market, Gallium Arsenide Component Market Size, Gallium Arsenide Component Market Growth, Gallium Arsenide Component Market Analysis, Gallium Arsenide Component Market Report, Gallium Arsenide Component Market Share, Gallium Arsenide Component Market Trends, Gallium Arsenide Component Market Forecast, Gallium Arsenide Component Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Gallium Arsenide Component Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Gallium Arsenide Component Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Gallium Arsenide Component Market by Type
3.3.1: LEC-Grown GaAs
3.3.2: VGF-Grown GaAs
3.4: Global Gallium Arsenide Component Market by Application
3.4.1: Mobile Devices
3.4.2: Wireless Communication
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Gallium Arsenide Component Market by Region
4.2: North American Gallium Arsenide Component Market
4.2.2: North American Gallium Arsenide Component Market by Application: Mobile Devices, Wireless Communication, and Others
4.3: European Gallium Arsenide Component Market
4.3.1: European Gallium Arsenide Component Market by Type: LEC-Grown GaAs and VGF-Grown GaAs
4.3.2: European Gallium Arsenide Component Market by Application: Mobile Devices, Wireless Communication, and Others
4.4: APAC Gallium Arsenide Component Market
4.4.1: APAC Gallium Arsenide Component Market by Type: LEC-Grown GaAs and VGF-Grown GaAs
4.4.2: APAC Gallium Arsenide Component Market by Application: Mobile Devices, Wireless Communication, and Others
4.5: ROW Gallium Arsenide Component Market
4.5.1: ROW Gallium Arsenide Component Market by Type: LEC-Grown GaAs and VGF-Grown GaAs
4.5.2: ROW Gallium Arsenide Component Market by Application: Mobile Devices, Wireless Communication, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Gallium Arsenide Component Market by Type
6.1.2: Growth Opportunities for the Global Gallium Arsenide Component Market by Application
6.1.3: Growth Opportunities for the Global Gallium Arsenide Component Market by Region
6.2: Emerging Trends in the Global Gallium Arsenide Component Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Gallium Arsenide Component Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Gallium Arsenide Component Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Analog Devices
7.2: AXT
7.3: Broadcom
7.4: CMK
7.5: DOWA
7.6: Edmund Optics
7.7: Freiberger Compound Materials
7.8: MACOM Technology Solutions
7.9: Murata Manufacturing
7.10: Skyworks Solutions
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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