GaAs ICs Market Report: Trends, Forecast and Competitive Analysis to 2030

GaAs ICs Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

GaAs ICs by Segment

The study includes a forecast for the global GaAs ICs by product, application, and region

GaAs ICs Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Ultra-high Speed IC
• Microwave Monolithic IC
• Optical IC

GaAs ICs Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Communications Satellites
• Mobile Communications
• High-definition Television
• Optical Communication
• Microwave Sensor
• Other

GaAs ICs Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of GaAs ICs 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 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-

• Canon
• Sk Hynix
• Galaxycore
• LG Electronics
• Newsight Imaging
• Hanamatsu
• Pixelplus
• On Semiconductor
• Samsung Electronics
• Omnivision

GaAs ICs Market Insights

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.

Features of the Global GaAs ICs Market

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.

FAQ

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.

• Canon
• SK Hynix
• Galaxycore
• LG Electronics
• Newsight Imaging
• Hanamatsu
• Pixelplus
• ON Semiconductor
• Samsung Electronics
• Omnivision

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.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the GaAs ICs market by product (ultra-high speed IC, microwave monolithic IC, and optical IC), application (communications satellites, mobile communications, high-definition television, optical communication, microwave sensor, and other), 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?