The global GaAs Devices market was valued at US$ 11110 million in 2022 and is projected to reach US$ 18960 million by 2029, at a CAGR of 7.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
This report aims to provide a comprehensive presentation of the global market for GaAs Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding GaAs Devices.
This report contains market size and forecasts of GaAs Devices in global, including the following market information:
Global GaAs Devices Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global GaAs Devices Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five GaAs Devices companies in 2022 (%)
Global key players of GaAs devices include Skyworks, Qorvo, Broadcom, WIN Semi, etc. Global top five manufacturers hold a share over 76%. North America is the largest producer of GaAs devices holds a share over 72%. In terms of product, power amplifier is the largest segment, with a share over 52%. And in terms of application, the largest application is mobile devices, with a share over 53%.
We surveyed the GaAs Devices manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
|Report Attributes||Report Details|
GaAs Devices Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032
|Market size in 2022||US$ 11110 million|
|Forecast Market size by 2029||US$ 18960 million|
|Growth Rate||CAGR of 7.9%|
|Historical Year||2018 to 2022 (Data from 2010 can be provided as per availability)|
|Number of Pages||100+ Pages|
|Customization Available||Yes, the report can be customized as per your need.|
Total Market by Segment:
Global GaAs Devices Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global GaAs Devices Market Segment Percentages, by Type, 2022 (%)
- Power Amplifiers
- RF Switches
- Low Noise Amplifiers
Global GaAs Devices Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global GaAs Devices Market Segment Percentages, by Application, 2022 (%)
- Wireless Communication
- Mobile Devices
- Vehicle Electronics
Global GaAs Devices Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Factors Driving GaAs Devices Market Growth in Different Regions:
- The Rise of 5G: The emergence of 5G technology, which utilizes higher frequencies, is expected to drive the demand for GaAs devices.
- Growth of the Internet of Things (IoT): GaAs devices play a vital role in various IoT applications like sensors, actuators, and gateways.
- Development of New Applications: GaAs devices are being explored for new applications like quantum computing and artificial intelligence, contributing to market growth.
- Growth of Telecommunications and Electronics Industries: These industries, being major consumers of GaAs devices, will propel the market’s growth.
- Advancements in Technologies: The advancements in technologies such as 5G and IoT will further boost the GaAs devices market in Europe.
- Rapid Expansion of Telecommunications and Electronics Industries: The significant growth of these industries in Asia Pacific will drive the demand for GaAs devices.
- Increasing Demand from Emerging Markets: Emerging markets like China and India will play a crucial role in the growth of the GaAs devices market in this region.
Rest of the World:
- Increasing Demand from Emerging Markets: Emerging markets, particularly China and India, will contribute to the growth of the GaAs devices market.
- Development of New Technologies: Advancements in technologies like 5G and IoT will also impact the market’s growth in the Rest of the World region.
Global GaAs Devices Market Segment Percentages, By Region and Country, 2022 (%)
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
The report also provides analysis of leading market participants including:
Key companies GaAs Devices revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies GaAs Devices revenues share in global market, 2022 (%)
Key companies GaAs Devices sales in global market, 2018-2023 (Estimated), (M Units)
Key companies GaAs Devices sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- WIN Semi
- Sumitomo Electric Industries
- Analog Devices
- Mitsubishi Electric
- Infineon Technologies
- TriQuint Semiconductor
Factors Driving Growth in GaAs Devices Market:
- Increasing demand for GaAs devices across various industries: GaAs devices are witnessing a rise in demand from industries like aerospace and defense, electronics, and communications. This can be attributed to the growing adoption of GaAs devices within these sectors.
- Escalating need for high-speed data transmission: The demand for high-speed data transmission is on the rise, which is directly fueling the demand for GaAs devices. These devices are extensively used in applications involving high-speed data transmission, such as 5G networks and fiber optic networks.
- Government initiatives promoting GaAs device usage: Governments worldwide are actively encouraging the use of GaAs devices. This initiative aims to reduce dependence on imported semiconductors and enhance the security of the supply chain.
Challenges in GaAs Devices Market:
- High cost of GaAs devices: The market growth is hindered by the relatively high cost associated with GaAs devices. This cost factor poses a restraint on the overall expansion of the market.
- Competition from alternative semiconductor materials: GaAs devices face tough competition from alternative semiconductor materials like silicon and indium phosphide. These materials are less expensive than GaAs and are available in larger quantities, thereby posing a competitive challenge to GaAs devices.
Recent developments in the GaAs devices market:
- In February 2023, Qorvo announced the expansion of its GaAs foundry capacity in Japan. The expansion will allow Qorvo to meet the growing demand for GaAs devices in the automotive, industrial, and defense markets.
- In March 2023, Infineon Technologies announced the development of a new GaAs power amplifier for 5G networks. The amplifier is designed to meet the power and performance requirements of 5G networks.
- In April 2023, Broadcom acquired 5G semiconductor company RaDaRIQ. The acquisition will allow Broadcom to expand its portfolio of GaAs devices for 5G networks.