PUBLISHER: Lucintel | PRODUCT CODE: 1417125
PUBLISHER: Lucintel | PRODUCT CODE: 1417125
The future of the global GaAs ICs market looks promising with opportunities in the communications satellites, mobile communications, high-definition television, optical communication, and microwave sensor markets. The global GaAs ICs market is expected to grow with a CAGR of 11% from 2024 to 2030. The major drivers for this market are its increasing adoption in 5G, fiber optic communication, and radar applications and rising investment in research and development activities.
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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 GaAs ICs companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the GaAs ICs companies profiled in this report include-
Lucintel forecasts that ultra-high speed IC is expected to witness highest growth over the forecast period due to its higher bandwidth and lower noise.
Within this market, communications satellites will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to presence of GaAs ICs manufacturers in the region.
Market Size Estimates: GaAs ICs market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: GaAs ICs market size by product, application, and region in terms of value ($B).
Regional Analysis: GaAs ICs Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the GaAs ICs market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the GaAs ICs market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q.1 What is the growth forecast for GaAs ICs market?
Answer: The global GaAs ICs market is expected to grow with a CAGR of 11% from 2024 to 2030.
Q.2 What are the major drivers influencing the growth of the GaAs ICs market?
Answer: The major drivers for this market are its increasing adoption in 5G, fiber optic communication, and radar applications and rising investment in research and development activities.
Q3. What are the major segments for GaAs ICs market?
Answer: The future of the GaAs ICs market looks promising with opportunities in the communications satellites, mobile communications, high-definition television, optical communication, and microwave sensor markets.
Q4. Who are the key GaAs ICs market companies?
Answer: Some of the key GaAs ICs companies are as follows.
Q5. Which GaAs ICs market segment will be the largest in future?
Answer: Lucintel forecasts that ultra-high speed IC is expected to witness highest growth over the forecast period due to its higher bandwidth and lower noise.
Q6. In GaAs ICs 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 due to presence of GaAs ICs manufacturers in the region.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.