Lucintel Forecasts the Global Gallium Arsenide Wafer Market to Grow with a CAGR of 11% from 2023 to 2030
According to a market report by Lucintel, the future of the global gallium arsenide wafer market looks promising with opportunities in the rf electronics, and optoelectronics markets. The global gallium arsenide wafer market is expected to grow with a CAGR of 11% from 2023 to 2030. The major drivers for this market are increasing adoption of smartphones, growing penetration of light emitting diode (led) in general lighting, and superior electrical and optical properties compared to silicon, making it essential for high-frequency and high-speed applications in telecommunications and aerospace.
A more than 150-page report to understand trends, opportunity and forecast in global gallium arsenide wafer market to 2030 by substrate type (semi-insulating gallium arsenide (si gaas) and semi-conducting gallium arsenide (sc gaas)), manufacturing technology (liquid encapsulated czochralski (lec) and vertical gradient freeze (vgf)), application (rf electronics and optoelectronics), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that vertical gradient freeze will remain the largest segment over the forecast period.
Within this market, optoelectronics will remain the largest segment.
Freiberger Compound Materials GmbH, Sumitomo Electric Industries Ltd., AXT Inc., Mitsubishi Chemical Corporation, DOWA Electronics Materials Co.Ltd. are the major suppliers in the gallium arsenide wafer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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