Global Gallium Arsenide Market Size will Reach $1145.31 Million in 2023

Global Gallium Arsenide Market Overview

According to Global Market Monitor, the global gallium arsenidemarket size will reach $1145.31 million in 2023 and is expected to grow to $2731.23 million by 2028. Gallium arsenide is a compound of gallium and arsenic. It is also an important IIIA and VA compound semiconductor material and is applied in wireless communication and optoelectronic devices.

The innovation of gallium arsenide products is mainly reflected in the optimization of the production process and the improvement of product quality. At present, there are still some technical problems in the production of gallium arsenide, which lead to high production costs and low production efficiency. With the development of technology, manufacturers need to improve the manufacturing process of products.The optimization of the production process and the improvement of product quality will be conducive to the wider application of gallium arsenide products. With the popularity of LED and smartphones, gallium arsenide substrate has entered the stage of large-scale application. In 2017, the iPhone X introduced VCSEL for face recognition for the first time, and gallium arsenide substrate application scenarios have been broadened again. In 2021, Apple, Samsung, LG, and TCL joined the Mini LED market, and the market demand for gallium arsenide substrates ushered in explosive growth.

The Wireless Communication Segment Occupies the Biggest Share.

Wireless communication refers to long-distance transmission and communication between multiple nodes that do not propagate through conductors or cables. Gallium arsenide is used in wireless communication equipment because of its good linearity and high efficiency. Increasing Internet penetration, especially in developing countries such as India and Brazil, has stimulated the demand for gallium arsenide. Growth in mobile data consumption rates and widespread adoption of IoT devices are also driving the demand for Wi-Fi and other wireless communication devices, promoting the adoption of gallium arsenide wafers. According to estimates, the number of mobile 5G subscribers worldwide is expected to grow from 1.9 million in 2023 to 5.9 million in 2027.

Due to strong government support, China is the major country that dominates the electronics industry market. China is also one of the leading countries in 5G infrastructure development and adoption of other consumer electronics and e-mobility solutions. For example, China had about 2.31 million 5G base stations by the end of 2022 according to the Ministry of Industry and Information Technology. The expansion of 5G networks and the development of the electronics industry are also expected to drive the gallium arsenide market.

By type	LEC Grown GaAs
	VGF Grown GaAs
	Others
	The grown GaAs segment accounted for the largest share of the market in 2022.
By application	Wireless Communication
	Optoelectronic Devices
	Others
	The wireless communication segment occupied the biggest share.
By region	North America
	Europe
	East Asia
	Africa
	South Asia
	Southeast Asia
	Middle East
	South America