The global market for GaAs wafers is estimated to grow significantly during the forecast period of 2018-2023. Opportunities that support the growth of the GaAs Wafer market include the increasing demand for smartphones, tablets, personal computers, solar cells, detectors, light-emission devices, spin-charge converters, and fiber optic applications. In this article, we will discuss to you the GaAs wafer market highlight and competitive analysis.
GaAs is a major component in several electrical devices, including diodes, field-effect transistors, and integrated circuits. Globally, the GaAs wafer market is predicted to expand from $625 million in 2017 to $1.22 billion by 2023. The increasing demand for smartphones, cameras, and other digital devices are also helping towards the growth of the GaAs market. It is the preferred semiconductor material for such applications because of how it’s more economical and efficient compared to silicon. It also extends battery life at a significant rate. A GaAs wafer can also meet the specific demands of cellular terminals like multiple inputs, carrier aggregation, and more.
The wafer and semiconductor industry have witnessed major GaAs wafer trends. This includes the growing demand for larger size GaAs wafer and its reuse for high-power devices. Larger GaAs wafers mean a reduction in the production costs by about 25-30%. Thus, more and more silicon wafer manufacturers are moving towards developing 200mm GaAs wafers.
A GaAs wafer can be used for a variety of applications including infrared emitting diodes, integrated circuits at microwave frequencies, solar cells, optoelectronic communication devices, computers, transistors. GaAs wafers are also used in defense and aerospace applications and high-frequency technologies, such as WLAN, PCS, DBS, GPS, and mobile communications.