The Global Gallium Arsenide Wafer Market Is Expected to Reach $1.3 Billion by 2023
According to a new market report published by Lucintel, the future of the gallium arsenide wafer market looks attractive with opportunities in radio frequency (RF) electronics and optoelectronics. The global gallium arsenide wafer market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 11.5% from 2018 to 2023. The major drivers of growth for this market are increasing adoption of smartphones and growing penetration of light emitting diode (LED) in general lighting.
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