From Globe Newswire: 2024-09-14 07:00:00

The Global Gallium Arsenide (GaAs) Wafer Market is projected to grow from USD 0.67 Billion in 2023 to USD 1.62 Billion by 2033, with a CAGR of 9.23%. GaAs wafers are essential to advanced electronics due to their unique properties, enabling faster signal processing and applications in radio, microwave, LEDs, laser diodes, aerospace, and defense.
The single-crystal segment is expected to dominate the GaAs wafer market, driven by high-performance electronic applications, 5G networks, and solar applications. The wireless communication segment is projected to experience the fastest growth, meeting the demand for high-performance RF components in 5G networks.
Asia Pacific is projected to lead the GaAs wafer market, benefiting from a strong manufacturing industry, rapid 5G expansion, high-frequency RF components demand, and advanced technologies. North America is expected to have the fastest growth, driven by demand for advanced technologies in wireless communications, airspace, defense, and innovation in RF components.
Top vendors in the Global GaAs Wafer Market include Freiberger Compound Materials GmbH, Nanografi Nano Technology, American Elements, and others, with a focus on product development, partnerships, and M&A. Recent developments involve collaborations to accelerate GaAs wafer and GaN microwave ICs development.
The Global GaAs Wafer Market is segmented by type (polycrystalline, single crystal) and application (photovoltaic devices, wireless communication, mobile devices, aerospace & defense). Regional segmentation covers North America, Europe, Asia Pacific, South America, Middle East, and Africa, offering insights into market trends and growth opportunities.



Read more at Globe Newswire: Global Gallium Arsenide (GaAs) Wafer Market Size To Worth