GaAs Semiconductor Material Market overview:
GaAs is an lll-V direct band gap GaAs semiconductor material that has a zinc blend crystal structure. GaAs cells are relatively insensitive to heat. It has superior electronic properties to silicon with higher saturated electron mobility and velocity. It is also used to emit light efficiently as it has a direct band gap.
The market is projected to grow at a significant pace reaching a CAGR of approximately XX %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
By region, North American and European markets are growing at a significant rate due to the rising demand from end-user industries, especially the automotive industry, in US and UK. Furthermore, the emergence of artificial intelligence and electrification of vehicles are driving the market growth in the region. Moreover, favorable government policies and investment in semiconductor manufacturing are for large-scale applications in electronics and telecommunication.
The type segment is bifurcated into single crystal, polycrystalline. single crystal is growing at a significant rate due to its high-efficiency results. Single crystal is the effective and low-cost alternative substrate for GaAs solar cells.
The study is consolidated into major segments and further into sub-segments, such as by Type (Single Crystal, Polycrystalline), by Application (Integrated Circuits, MEMS Microelectromechanical Systems, Photoelectric Device, Others), to forecast the GaAs semiconductor material market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including CMK, DOWA Electronics Materials, AXT, BWT, Advanced Wireless Semiconductor, China Crystal Technologies, Cree, Freiberger Compound Materials, (Alta Devices)Hanergy Holdings, Hittite Microwave, IQE, MACOM, Qorvo, Sumitomo Electric, Avago Technologies.
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