Trends and Forecast for the Global Gallium Arsenide Wafer MarketTrends, opportunities and forecast in gallium arsenide wafer market to 2025 by substrate type (SI GaAs and SC GaAs), by manufacturing technology (VGF, LEC, and Others), by application (RF Electronics and Optoelectronics), and by region (North America, Europe, Asia Pacific, and the Rest of the World)Lucintel's latest market report analyzed that gallium arsenide wafer provides attractive opportunities in radio frequency (RF) electronics and optoelectronics. The gallium arsenide wafer market is expected to reach $0.9 billion by 2025 with a CAGR of 6.4%. In this market, Vertical Gradient Freeze (VGF) is the largest segment by manufacturing technology, whereas optoelectronics is largest by application. The growing demand for larger size GaAs wafers and reusing gallium arsenide wafers for higher performance devices provides strategic growth path in this market.
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Based on manufacturing technology, the gallium arsenide wafer market is segmented into Vertical Gradient Freeze (VGF), Liquid Encapsulated Czochralski (LEC), and others. The Vertical Gradient Freeze (VGF) segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period as it produces substrates with relatively low defect densities and higher mechanical strength.
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The gallium arsenide wafer market is marked by the presence of several big and small players. Some of the prominent players offering gallium arsenide wafer include Freiberger Compound Materials GmbH, Sumitomo Electric Industries, Ltd., AXT, Inc., Mitsubishi Chemical Corporation, DOWA Electronics Materials Co., Ltd. and others.
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