How big is the Gallium Arsenide GaAs Wafer Market?

The Gallium Arsenide GaAs Wafer Market size is expected to reach USD 1.18 billion in 2024 and grow at a CAGR of 11.44% to reach USD 2.03 billion by 2029. Read More

What is the current Gallium Arsenide GaAs Wafer Market size?

In 2024, the Gallium Arsenide GaAs Wafer Market size is expected to reach USD 1.18 billion. Read More

Who are the key players in Gallium Arsenide GaAs Wafer Market?

Semiconductor Wafer Inc, AXT Inc., Sumitomo Electric Industries Ltd., Freiberger Compound Materials GmbH and Xiamen Powerway Advanced Material Co. Ltd. are the major companies operating in the Gallium Arsenide GaAs Wafer Market. Read More

Which is the fastest growing region in Gallium Arsenide GaAs Wafer Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gallium Arsenide GaAs Wafer Market?

In 2024, the Asia Pacific accounts for the largest market share in Gallium Arsenide GaAs Wafer Market. Read More

What years does this Gallium Arsenide GaAs Wafer Market cover, and what was the market size in 2023?

In 2023, the Gallium Arsenide GaAs Wafer Market size was estimated at USD 1.06 billion. The report covers the Gallium Arsenide GaAs Wafer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gallium Arsenide GaAs Wafer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gallium Arsenide GaAs Wafer Market Report | Industry Analysis, Size & Forecast

Gallium Arsenide (GaAs) Wafer Industry Overview

The Gallium Arsenide GaAs Wafer Market is competitive and highly concentrated with a few companies such as AXT Inc, Sumitomo Electric Industries Ltd., Semiconductor Wafer Inc, Freiberger Compound Materials GmbH, Xiamen Powerway Advanced Material Co. Ltd, holding a significant market share. Established companies focus on strengthening their position by investing heavily in R&D and providing customers with better and technologically advanced products.

In May 2023, QE, a semiconductor wafer specialist, introduced a new range of 200mm RGB epitaxial wafer products specifically designed for microLED display qualification. According to the company, GaN and GaAs epitaxy is anticipated to continue to play a crucial role in driving the rapid adoption of microLEDs.

In May 2022, The MOSIS Service of Information Sciences Institute, University of Southern California, and WIN Semiconductors Corp. signed a Memorandum of Understanding (MoU) to accelerate the development of GaAs and GaN monolithic microwave integrated circuits with WIN Semiconductors' GaAs and GaN process technologies. The partnership will support the reliable, innovative, and effective design and prototyping flow through the multi-project wafer (MPW) projects with the MOSIS Service and WIN Semiconductors.