Gallium Arsenide Component Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?