Growth Opportiunities in the Global Gallium Arsenide Wafer Market 2018-2023

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Dublin, July 12, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.

The future of the gallium arsenide wafer market looks attractive with opportunities in radio frequency (RF) electronics and optoelectronics.

The global gallium arsenide wafer market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 11.5% from 2018 to 2023. The major drivers of growth for this market are increasing adoption of smartphones and growing penetration of light emitting diode (LED) in general lighting. Emerging trends, which have a direct impact on the dynamics of the gallium arsenide wafer industry, include growing demand for larger size GaAs wafers and reusing gallium arsenide wafers for higher performance devices.Gallium Arsenide Wafer Market by Substrate Type [$M shipment analysis from 2012 to 2023]:

Gallium Arsenide Wafer Market by Manufacturing Technology [$M shipment analysis from 2012 to 2023]:

Gallium Arsenide Wafer Market by Application [$M shipment analysis from 2012 to 2023]:

Gallium Arsenide Wafer Market by Region [$M shipment analysis for 2012-2023]:

VGF will remain the largest manufacturing technology, and it is expected to witness highest growth during the forecast period as it produces substrates with relatively low defect densities and higher mechanical strength.In the GaAs wafer market, optoelectronics will remain the largest application segment, and this segment is also expected to grow at highest rate during the forecast period supported by the increasing demand for LEDs and lasers.Asia Pacific is expected to be the largest region by value and will experience the highest growth over the forecast period supported by increasing demand for smartphones and LEDs in China, Japan, Taiwan, and India.

Laura Wood, Senior Manager
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Globe Newswire: 09:50 GMT Thursday 12th July 2018

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