LOS ANGELES, BEIJING, LONDON and PUNE, India, October 4, 2018 /PRNewswire/ --
QY Research has lately published a new report on "Global GaAs and Compound Semiconductor Technologies Service Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025," for the forecasted period 8-years, i.e. between 2017 and 2025.
According to this report in the year 2017, the global market for GaAs and compound semiconductors market was valued at US$ 260 Mn and is expected to reach at more than US$ 430 Mn by 2025 end, exhibiting the healthy CAGR of 6.5% during the period of assessment.
Most of the industrial applications prefer Gallium Arsenide (GaAs) and compound semiconductors because of some unique and exceptional features provided by them. Several industrial players and technical experts have been focusing on generating numerous advancements in the films and wafers of GaAs and compound semiconductor.
In past few years, the global GaAs and compound semiconductors technologies service market have been witnessing a huge demand for different types of compound semiconductor and its related deposition technologies. The key reason behind the huge demand for GaAs and compound semiconductor is the development of high power semiconductor products and devices.
Global GaAs and Compound Semiconductor Technologies Service Market: Driving Factors
Increasing demand of some of the important products driving the growth of the worldwide market for GaAs and compound semiconductor are photovoltaic cells, wireless and modules communication products and optical devices. Growing adoption of penetration of internet and smartphone is contributing in the constant growth of the global market for GaAs and compound semiconductor technologies services market. Along with it, rising adoption of LED in consumer electronics is likely to create a positive impact on the worldwide GaAs and compound semiconductor technologies service market.
Apart from these drivers, some important trends can be seen in this market and these trends are- the growing number of mobile devices and an acute increase in industrial automation. Both the factors are responsible for driving the growth of gallium arsenide components that is eventually expected to boost the global market.
The global market for GaAs and compound semiconductor technologies is mainly classified into four segments, such as raw material and supplies, Gallium Arsenide (GaAs) wafer, device manufacturing and epitaxy of Ternary compound.
Global GaAs and Compound Semiconductor Technologies Service Market: Gallium Arsenide (GaAs) wafer
This segment is further segmented into by type and by the application. By application, the segment is sub-segmented into optoelectronic devices and wireless communication. In 2017, wireless communication segment captured the largest market share and is continuing to do so in the year 2025. On the basis of type, Gallium Arsenide wafer segment is segmented into VGF Grown GaAs, LEC Grown GaAs, and others.
Global GaAs and Compound Semiconductor Technologies Service Market: Raw Material & Supplies
On the basis of raw material and supplies, the global market for GaAs and compound semiconductor technologies services is segmented in to by type and by application. Type segment is sub-segmented into crucibles, gallium, chemicals, Arsenide, and others, on the other hand, application segment is further segmented into industrial and semiconductor.
Global GaAs and Compound Semiconductor Technologies Service Market: Device Manufacturing
Based on device manufacturing, the global GaAs and compound semiconductor technologies service market is segmented into by type that is further segmented into optoelectronic devices and RF-electronic devices. Among these two segments, RF Electronic device segment is expected to lead the market in terms of revenue growth during the forecasted period.
Global GaAs and Compound Semiconductor Technologies Service Market: Epitaxy of Ternary Compounds
Based on the epitaxy of ternary, the global GaAs and compound semiconductor technologies service market is segmented into by type that is further segmented into SC type and SI type. Among these two segments, SC type segment is expected to lead the market in terms of revenue growth during the forecasted period.
Global GaAs and Compound Semiconductor Technologies Service Market: Regional Analysis
Due to rising urbanization and industrial development, Asia Pacific region particularly some emerging countries such as South Korea, India and China are likely to grow rapidly in the global market for GaAs and compound semiconductor technologies services market. Increasing demand for consumer electronics is one the factors which is creating a positive impact on the global GaAs and compound semiconductor technologies service market.
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Global GaAs and Compound Semiconductor Technologies Service Market: Key Players
Avago Technologies, Molycorp, RFMD, CMK, TriQuit, Haichen, Skyworks, Emeisha Jiamei, Visual Photonics, Freiberger Compound Materials, Emcore, AXT, IQE, Sumitomo Electric, Tianjin Jingming Electronic Materials, China Crystal Technologies, Shenzhou Crystal Technology and Visual Photonics Epitaxy are some of key players operating in the global GaAs and compound semiconductor technologies service market.
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