REPORT HIGHLIGHT
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market size was valued at USD 520.7 Million in 2022, expanding at a CAGR of 9.3% from 2023 to 2030.
The semiconductor compound known as gallium arsenide, or simply GaAs, is used to make field-effect transistors (FETs), diodes, and integrated circuits (ICs). They are in charge of recharging the carriers, which are typically electrons. GaAs are now a crucial part of the current, technologically-driven world since they help create and produce ultra-high radio frequencies. They have furthermore demonstrated uses in quick electrical switching applications.
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market - Market Dynamics:
- High penetration of the smartphone industry across the globe drives market growth
- Over the projection period, it is anticipated that the market for radio frequency (RF) semiconductors made of gallium arsenide (GaAs) will grow considerably. The market is anticipated to grow as a result of the increasing demand for RF devices in smartphones. Additionally, the relevance of RF devices in electronic warfare and radar systems is growing as modern technologies like LTE become more widely adopted. GaAs are a common material for creating RF components for smartphones. Low noise, good thermal stability, and high electron mobility are only a few of its benefits. Radar, consumer electronics, and satellite communication all make use of these components. Thus, this is expected to drive the market growth during the forecast period.
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market - Key Insights:
- As per the analysis shared by our research analyst, the global Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor market is estimated to grow annually at a CAGR of around 9.3% over the forecast period (2023-2030)
- The Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor industry is projected to grow at a significant rate owing to the penetration of smartphones.
- Based on the frequency band, the ultra-high frequency (UHF) segment is expected to hold a significant market share over the forecast period.
- Based on region, the Asia Pacific is expected to dominate the market over the forecast period.
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market- Segmentation Analysis:
- The Global Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market is segmented based on device, frequency band, application and Region.
- Based on the frequency band, the global Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor market is segmented into ultra-high frequency (UHF) and very high frequency (VHF). The ultra-high frequency (UHF) segment is expected to hold a significant market share over the forecast period. They are employed in several wireless communication systems, such as UHF radios, walkie-talkies, and wireless microphones. In RF identification (RFID) systems, they are also utilized. Gate length GaAs RF semiconductors have an expanded frequency range of 20 GHz to 40 GHz and beyond.
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market over the forecast period. The growth in the region is attributed to the growing financial support for long-term evolution (LTE) technologies in networking and 5G network infrastructure. By forming strategic alliances with regional actors, nations like China, India, South Korea, and Japan are now seeking to improve their technology infrastructure. For instance, Japan stated in May 2022 that it would invest in India, where funds would be used to develop 5G infrastructure and smart cities. Thus, this is expected to positively influence the market growth in the region.
Gallium Arsenide (GaAs) Radio Frequency (RF) Semiconductor Market- Competitive Landscape:
The key players operating in the market are: NXP Semiconductors, WIN Semiconductors Corp., Skyworks Solutions, Broadcom Inc., RF Micro Devices (RFMD), MACOM Technology Solutions Holdings Inc., Qorvo, Murata Manufacturing Co. Ltd., Analog Devices Inc., TriQuint Semiconductor, NEC Corporation, Mitsubishi Electric Corporation, Microchip Technology Inc., OMMIC S.A.S., Texas Instruments Inc. and ON Semiconductor.
Recent Developments:
In December 2022, one of the largest conglomerates in India and a player in the information technology (IT) industry, Reliance Industries, revealed plans to invest close to INR 2 lakh crore in the Indian market to build out 5G network design by the end of 2023.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GALLIUM ARSENIDE (GAAS) RADIO FREQUENCY (RF) SEMICONDUCTOR MARKET KEY PLAYERS
- NXP Semiconductors
- WIN Semiconductors Corp.
- Skyworks Solutions
- Broadcom Inc.
- RF Micro Devices (RFMD)
- MACOM Technology Solutions Holdings Inc.
- Qorvo
- Murata Manufacturing Co. Ltd.
- Analog Devices Inc.
- TriQuint Semiconductor
- NEC Corporation
- Mitsubishi Electric Corporation
- Microchip Technology Inc.
- OMMIC S.A.S.
- Texas Instruments Inc.
- ON Semiconductor
GLOBAL GALLIUM ARSENIDE (GAAS) RADIO FREQUENCY (RF) SEMICONDUCTOR MARKET, BY DEVICE
- Power Amplifier
- Filter & Duplexer
- Low Noise Amplifier
- Others
GLOBAL GALLIUM ARSENIDE (GAAS) RADIO FREQUENCY (RF) SEMICONDUCTOR MARKET, BY FREQUENCY BAND
- Ultra-High Frequency (UHF)
- Very High Frequency (VHF)
GLOBAL GALLIUM ARSENIDE (GAAS) RADIO FREQUENCY (RF) SEMICONDUCTOR MARKET, BY APPLICATION
- Community Antenna Television (CATV) & Wired Broadband
- Telecommunication
- Aerospace
- Defense & SATCOM
- Consumer Devices
- Automotive
- Others
GLOBAL GALLIUM ARSENIDE (GAAS) RADIO FREQUENCY (RF) SEMICONDUCTOR MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA