PUBLISHER: Grand View Research | PRODUCT CODE: 1575275
PUBLISHER: Grand View Research | PRODUCT CODE: 1575275
"2030 gallium market value to reach USD 40.4 million."
The global gallium market size was estimated at USD 25.2 million in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030. The growing use of gallium (Ga)-based products is anticipated to increase owing to the rapid growth in popularity of electronic devices such as mobile phones and laptops, television transmission, light-emitting diodes (LEDs) and lighting applications, wireless infrastructure, power electronics, and satellite markets.
The growth of the market is anticipated to be largely driven by Ga usage in integrated circuits (ICs). The digital revolution in recent years, the expansion of the telecommunications industry, increasing innovations in automotive electronics, and the Internet of Things (IoT) are anticipated to drive IC demand.
Global Gallium Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global gallium market report based on product, application, and region.