Global Gallium Arsenide Components Market- By Type (LEC Grown GaAs, VGF Grown GaAs), By Application (Mobile Devices, Wireless Communications, Other) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Construction Paints and Coatings Industry held USD XXX million in 2020 and is expected to grow at a CAGR of XXX from 2020-2030. GaAs semiconductors of the next generation aim to offer a big gallium arsenide components market share, not fully eliminating the current semiconductor industry, but eventually making a huge dent in it. Intense competition for GaAs components for the manufacturing of communication equipment such as smartphone is the main growth driver for gallium arsenide components market. In addition, the rise in data use has also led to increased use of GaAs components resulting in the increase of overall gallium arsenide components market share. Such growing use of GaAs components in the mobile device industry is mainly due to improved performance and longer battery life compared to a CMOS power amplifier for smartphones and tablets.

Market Dynamics and Factors:

One of the major factors driving the gallium arsenide components market growth is the growing demand for data. In many countries, data consumption amongst customers and data usage through cell phones is rising dramatically increasing the gallium arsenide components market size. As customers view on-the-go data in large quantities, their mobile device batteries drain more rapidly. Therefore, manufacturers of mobile handsets need powerful power amplifiers that contain GaAs material. Furthermore, an increase in the gallium arsenide components market trends is witnessed because of the network providers designing the advanced wired and wireless networks, infrastructure, and tools to ensure proper quality of service. The growing number of mobile phone handsets coupled with the growing acceptance of GaAs components for internet infrastructure would drive growth in the demand for gallium arsenide components market over the forecast period. Added to this, the increase in adoption of 3 G and 4 G networks, the demand for GaAs components is predicted to increase since the use of GaAs content is very important to be compatible communication devices with such kind of networks.

Market Segmentation:

Based on type, the gallium arsenide components industry is segmented into LEC grown GaAs, VGF grown GaAs. On the basis of application, the gallium arsenide components market is classified into mobile devices, wireless communications, other. Geographic breakdown of gallium arsenide components market includes regions comprising North America, Europe, Asia-Pacific, and Rest of the world.

Geographic Analysis:

Throughout the forecast period APAC would give business vendors many growth opportunities and increasing the overall gallium arsenide components market size. The rising demand for power applications, together with high-growth economies, will have a major impact on the growth of this region's gallium arsenide components market share. During the forecast period, 81 per cent of the demand growth of gallium arsenide components industry would come from APAC. The main gallium arsenide market is for the components in Asia Pacific-are China, Japan and India. In this region growth in demand for gallium arsenide components market would be higher than business growth in other regions.

Competitive Scenario:

The major players of global gallium arsenide components market include, MACOM, Broadcom, Qorvo, Avago Technologies, Murata Manufacturing, Renesas Electronics, Anadigics, Skyworks Solutions, RF Micro Devices, Advanced Wireless Semiconductor, others contributing to the major gallium arsenide components market share globally.

Gallium Arsenide Components Market Report Scope