Gallium Market Growing at 4.30% CAGR Will Hit 360 Million US$ in 2025
Los Angeles, CA -- (SBWire) -- 04/26/2019 --Gallium Arsenide (GaAs) is a compound semiconductor: a mixture of two elements, Gallium (Ga) and Arsenic (As). Gallium is a byproduct of the melting of other metals, notably aluminum and zinc, and is rarer than gold. Arsenic is not rare, but it is poisonous.
Gallium arsenide (GaAs) is a compound of the elements gallium and arsenic. It is a III-V direct bandgap semiconductor with a zinc blende crystal structure. Gallium arsenide is used in the manufacture of devices such as microwave frequency integrated circuits, monolithic microwave integrated circuits, infrared light-emitting diodes, laser diodes, solar cells and optical windows. In 2016, the global consumption volume of GaAs reached 48171K Square Inches.
For industry structure analysis, the GaAs industry is highly concentrated. A variety of manufacturers ranging from large multinational corporations to small privately-owned companies compete in this industry, but the top six producers account for more than 70% of the market. Regionally, China is the biggest production and consumption area of GaAs, also the leader in the whole industry. Europe, Japan and USA also produce large amount of GaAs per year.
Regionally, GaAs suppliers are concentrated in Europe, USA, China, Japan and Taiwan. Leading suppliers in this industry are Freiberger Compound Materials, AXT, Sumitomo Electric, China Crystal Technologies, and Shenzhou Crystal Technology.
GaAs can be classified based on its production method. In 2016, VGF Grown GaAs takes 62.93% share of global market, while LEC Grown GaAs takes share of 26.97%.
The global Gallium market was 270 million US$ in 2018 and is expected to 360 million US$ by the end of 2025, growing at a CAGR of 4.3% between 2019 and 2025.
This report studies the Gallium market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Gallium in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Freiberger Compound Materials
AXT
Sumitomo Electric
China Crystal Technologies
Shenzhou Crystal Technology
Tianjin Jingming Electronic Materials
Yunnan Germanium
DOWA Electronics Materials
II-VI Incorporated
IQE Corporation
Wafer Technology
By the product type, the market is primarily split into
LEC Grown GaAs
VGF Grown GaAs
By the end users/application, this report covers the following segments
Wireless Communication
Optoelectronic Devices
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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