Technavio, a tech-focused market research firm, has published a new report on the global GaAs (gallium arsenide) components market, which is expected to grow at a CAGR of more than 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global GaAs components market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Click here to request a free sample of this report
Top three contributors for the global GaAs components market are elaborated below
GaAs components market in APAC: The market for GaAs components in APAC is flourishing owing to increased demand from the communication device manufacturers in the region. During the forecast period, factors such as increasing smartphone penetration in developing countries and rising wireless infrastructure are expected to foster further growth of the GaAs components market in APAC.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “Companies such as Samsung, LG, HTC, and Sony are investing heavily in launching better smartphones compatible with 3G and 4G technologies. Countries such as China and India have the immense market potential for updated 3G and 4G compatible handsets owing to their large population.”
GaAs components market in the Americas: The market for GaAs components in the Americas is driven primarily by the expansion of 4G networks in the region. Apple and Skyworks Solutions are among the biggest consumers of GaAs components for their application in mobile power amplifiers. A projected surge in demand from the military sector is expected to boost the revenue generated from the GaAs components market in the Americas through 2021.
GaAs components market in EMEA: The market in EMEA has been registering slow growth as most semiconductor manufacturing companies are concentrated around APAC and the Americas. The anticipated rise in the adoption of LEDs for the general lighting and automotive sectors in the region is expected to reflect positively on the consumption of GaAs components in EMEA in the coming years.
Ask an analyst to know more about this report
Top vendors operating in the global GaAs components market are:
- Skyworks Solutions
- Qorvo
- Broadcom
The other prominent vendors in the market include Advanced Wireless Semiconductor, ANADIGICS, Analog Devices, MACOM, and Murata Manufacturing.
A more detailed analysis is available in the Technavio report titled, ‘Global GaAs Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Polyacrylamide Market 2017-2021
- Global Precipitated Silica Market 2017-2021
- Global Electronic Adhesives Market 2017-2021
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
