Gallium Arsenide (GaAs) Market
Gallium Arsenide (GaAs) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Gallium Arsenide (GaAs) Market Size and Growth
The Gallium Arsenide (GaAs) market is experiencing steady growth, driven by increasing demand in telecommunications, electronics, and renewable energy sectors. The market size is projected to reach approximately $1.25 billion by 2025, influenced by advancements in semiconductor technologies and rising adoption of high-performance devices. Competitive dynamics emphasize innovation and collaboration.
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Companies Covered
(Covid 19 Impact Covered)
◍ Freiberger Compound Materials
◍ AXT
◍ Sumitomo Electric
◍ Vital Advanced Material
◍ China Crystal Technologies
◍ Jiachang Technology
◍ Yunnan Germanium
◍ DOWA Electronics Materials
The Gallium Arsenide (GaAs) market is driven by demand in electronics and solar applications. Companies like Freiberger Compound Materials, AXT, and Sumitomo Electric produce high-quality GaAs substrates. They enhance market growth through innovation and expanding production capacity. Selected companies’ sales revenues include:
- AXT: $70 million
- Sumitomo Electric: $500 million
- Vital Advanced Material: $20 million
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Market Segmentation
By Application
RF
LED
Photonics
Photovoltaic
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By Product
LEC Grown GaAs
VGF Grown GaAs
Others
Market Growth
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$ X Billion USD
