GaAs Semiconductor Materials Market Size, Share & Trends Analysis, By Type (Single Crystal, Polycrystalline and Others), By Application (Integrated Circuits, MEMS Microelectromechanical Systems, Photoelectric Device), Region and Forecast Period 2022 – 2030 (Updated Version Available)

Key Market Overview:

GaAs semiconductor materials market size is anticipated to reach around USD 9.1 Billion by 2030 from the market value of USD 5.3 Billion in 2021, growing at a CAGR of 6.2% during the forecast period (2022-2030).

The large demand for GaAs Semiconductor Materials for the production of laser diodes, photovoltaic cells, and LEDs is estimated to witness positive growth during the forecast period owing to the rising government initiatives in terms of energy saving. For instance, as per the U.S Department of Energy, the extensive numbers of lighting installations are expected to utilize LED technology for contributing to annual energy savings of over 569 TWh (terawatt hour) by 2035. The resultant saved energy sums up to the annual energy output of over 92 numbers of 1,000 MW (Megawatt) power plants. Thus, the growing interventional expenditures by authoritative bodies in favor of energy-saving alternatives such as LED is anticipated to drive market growth.

Furthermore, the growing usage of GaAs semiconductors in production of the solar or photovoltaic panels due to the high sunlight absorptivity and multi-junction properties is also expected to witness significant growth. For instance, according to the Solar Energy Industries Association, the solar industry has experienced a sudden growth of over 33.2% with around 130.9 gigawatts (GW) of solar capacity panels installed in the U.S., which is sufficient to power a maximum of 23 million homes. Thus, the increasing adoption of clean and environment-friendly energy production alternatives such as solar power is estimated to fuel the industry’s growth. In the context of the region, Asia Pacific is expected to contribute to the GaAs semiconductor materials market share owing to the increased government expenditures on the production of electronics for rising consumer demand combined with the rising disposable income among the population in terms of favorable purchases of LEDs as the residential lighting source is estimated to support the market growth in the Asia Pacific region.

Market Dynamics:

Gallium arsenide (with the chemical formula as GaAs) is the type III/V semiconductor composite utilized in the production of multiple field-effect transistors (FETs), diodes, and integrated circuits (ICs) due to the properties such as high electron mobility and saturated electron velocity as compared to the silicon. The integration of these transistors made of gallium arsenide aids in the proper functioning of devices that operate at frequencies over 250 GHz owing to the high heat resistance of the GaAs compound.

Driver:

The growing infrastructural usage of GaAs semiconductors in manufacturing the products such as laser diodes, photovoltaic cells, integrated circuits at microwave frequencies, and infrared emitting diodes is the major driver that accelerates the growth of the GaAs semiconductor materials market statistics. Additionally, the augmented government expenditure on the creation of solar farms combined with the relevant compensatory initiatives also fuels the increased demand for semiconductors in the production of photovoltaic panels to support the industry growth during the forecast period.

Restraint:

The rising emphasis on health risks associated with the inhalation or ingestion of the chemical compound hampers market growth due to the presence of multiple research studies in terms of the carcinogenic effect of the compound on living beings. Additionally, the mandatory guidelines by the government-based authoritative bodies ECHA and OSHA also limits the growth of the GaAs semiconductor materials industry due to the uncontrolled management of volatile substance like GaAs in the production of multiple related products.

COVID-19 Impact:

The GaAs semiconductor materials market has been negatively impacted during the COVID-19 pandemic period. The factors such as the temporary closure of the manufacturing hubs which caused an economic slowdown combined with the disrupted supply chains and instability in the electronic devices business owing to the fluctuating prices of compound raw materials are the major effects of COVID-19 which hindered the market growth. Additionally, the strict government lockdown protocols and unpredictability of the disease spread also affected the market growth, especially in the initial phases of the pandemic. However, the conditions have stabilized and it is ascertained that the overall impact of COVID-19 on the industry is moderate. Post COVID-19 circumstances, the market growth witnessed significant growth owing to the increased development and establishments in terms of the large usage of photovoltaic cells in solar farms.

GaAs Semiconductor Materials Report Coverage:

Report Attributes	Report Details
Study Timeline	2016-2030
Market Size in 2030 (USD Billion)	9.1 Billion
CAGR (2022-2030)	6.2%
By Type	Single Crystal, and Polycrystalline
By Application	Integrated Circuits, Photoelectric Devices, MEMS Microelectromechanical Systems, and Others
By Geography	North America– (U.S., Canada, Mexico) Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)
Key Players	DOWA Electronics Materials, AXT, Cree, CMK, BWT, Advanced Wireless Semiconductor, Freiberger Compound Materials, China Crystal Technologies, (Alta Devices)Hanergy Holdings, Hittite Microwave, MACOM, IQE

Market Segmentation:

By Type

The type segment is bifurcated into a single crystal, and polycrystalline. The single crystal segment is estimated to contribute the largest revenue share during the forecast period. The factors such as excellent machinability and mechanical stability owing to the large diameter of the single crystals, high resistance, and semi-insulating properties are expected to support the growth of the single crystal segment during the projected period. Moreover, the polycrystalline segment is also anticipated to register the fastest CAGR growth in terms of value and volume owing to the easy maintenance and operability, high resistance to abrasive physical usage, and increased usage in large-scale solar panels installations due to the environment-friendly production of the polycrystalline GaAs semiconductors.

By Application

The application segment is separated into integrated circuits, photoelectric devices, MEMS microelectromechanical systems, and others. The integrated circuits segment is anticipated to contribute the largest share of over 33.2% during the projected period. The factors such as reduced consumption of voltaic power, compressed product design, and easy reinstallation or replacement in case of failures are expected to support the growth of the integrated circuits segment. Further, the MEMS microelectromechanical systems segment is also projected to contribute a significant share to the growth of GaAs semiconductor materials market statistics owing to the fast processing speed, high functionality/ complexity, and robustness of the device by using the small-sized sensors such as  Inertial Measurement Unit (IMU), Attitude and Heading Reference System (AHRS),  inertial navigation system (INS).

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Asia Pacific is expected to account for the fastest CAGR growth of over 14.5% during the forecast period. The factors such as the large presence of electronic manufacturing facilities combined with the increased rate of subsidies allotment in terms of large-scale production capacity of LEDs are estimated to accelerate the GaAs semiconductor materials industry growth in the region.

North America is also expected to contribute to the GaAs semiconductor materials market share owing to the huge investments in the electronics sector, growing emphasis on launching new product innovations, and early adoption of 5G technology owing to the huge demand for GaAs wafers are anticipated to fuel the industry presence in the North American region.

GaAs Semiconductor Materials Market Competitive Landscape:

The report comprises the evaluation of each major pointer which describes the competitive landscape of the market with the detailed company profiles of key market players. Additionally, the growth in product innovations, combined with improved research and development and improved adoption of multiple business strategies in terms of product launches have accelerated the progress of the sample preparation market. The list of major players operating in the industry includes-

• DOWA Electronics Materials
• AXT
• Cree
• CMK
• BWT
• Advanced Wireless Semiconductor
• China Crystal Technologies
• Freiberger Compound Materials
• (Alta Devices)Hanergy Holdings
• Hittite Microwave
• IQE
• MACOM

Table of Content

1. Introduction
   • Market Introduction
   • Market Research Methodology
     • Research Process
     • Primary Research
     • Secondary Research
     • Data Collection Technique
     • Data Sources
   • Market Estimation Methodology
     • Limitations of the Study
   • Product Picture of GaAs Semiconductor Materials
   • Global GaAs Semiconductor Materials Market: Classification
   • Geographic Scope
   • Years Considered for the Study
   • Research Methodology in brief
   • Parent Market Overview
   • Overall GaAs Semiconductor Materials Market Regional Demand
   • Research Programs/Design
   • Market Breakdown and Data Triangulation Approach
   • Data Source
   • Secondary Sources
   • Primary Sources
   • Primary Interviews
   • Average primary breakdown ratio
2. Market Dynamics
   • Drivers
     • Drivers
   • Restraints
     • Restraints
   • Opportunity
     • Impact forces on market dynamics
     • Impact forces during the forecast years
   • Industry Value Chain
     • Upstream analysis
     • Downstream analysis
     • Distribution Channel
     • Direct Channel
     • Indirect Channel
   • Potential Customers
   • Manufacturing/Operational Cost Analysis
   • Pricing Analysis by Region
   • Key Technology Landscape
   • Regulatory Analysis
   • Porter’s Analysis
     • Supplier Power
     • Buyer Power
     • Substitution Threat
     • Threat from New Entry
     • Competitive Rivalry
   • PESTEL Analysis
   • Political Factors
   • Economic Factor
   • Social Factors
   • Technological Factor
   • Environmental Factors
   • Legal Factor
   • Covid-19 impact on Global Economy
   • Covid-19 impact on GaAs Semiconductor Materials demand
   • Post-Covid Impact on GaAs Semiconductor Materials Market Demand
   • Impact Analysis of the Russia-Ukraine Conflict
3. Global GaAs Semiconductor Materials Market Segmentation, by Volume (Units) & Revenue (USD Billion), (2022-2030)
   • By Type
     • Single Crystal
     • Polycrystalline
   • By Application
     • Integrated Circuits
     • MEMS Microelectromechanical Systems
     • Photoelectric Devices
     • Others

4. Global GaAs Semiconductor Materials Market Overview, By Region
   • North America GaAs Semiconductor Materials Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
     • US
       • By Type
       • By Application
     • Canada
     • Mexico
   • Europe GaAs Semiconductor Materials Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
     • France
     • UK
     • Spain
     • Russia
     • Italy
     • BENELUX
   • Asia Pacific GaAs Semiconductor Materials Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
     • China
     • Japan
     • Australia
     • South Korea
     • India
     • ASEAN

5. Latin America GaAs Semiconductor Materials Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
   • Brazil
   • Argentina
   • Chile
6. Middle East and Africa GaAs Semiconductor Materials Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
   • GCC
   • Turkey
   • South Africa
7. Global GaAs Semiconductor Materials Market Revenue: Competitive Analysis, 2021
   • Key strategies by players
   • Revenue (USD Billion and %), By manufacturers, 2021
   • Player Positioning by Market Players, 2021
8. Competitive Analysis
   • DOWA Electronics Materials
     • Business Overview
     • Business Financials (USD Billion)
     • Product Category, Type, and Specification
     • Main Business/Business Overview
     • Geographical Analysis
     • Recent Development
     • Swot Analysis
   • AXT
   • Cree
   • CMK
   • BWT
   • Advanced Wireless Semiconductor
   • China Crystal Technologies
   • Freiberger Compound Materials
   • (Alta Devices)Hanergy Holdings
   • Hittite Microwave
   • IQE
   • MACOM
9. Market Research Findings & Conclusion

Disclaimer

Research Methodology

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