London, 14 March 2016: Technavio, the independent tech-focused global research firm, has published a report on the global gallium arsenide (GaAs) devices market, which is expected to grow at a moderate CAGR of over 4% by 2020.
Global GaAs devices market by end user 2015
Source: Technavio
A major factor propelling growth in this market is the faster product replacement cycle and increased design complexity of smart devices. Currently, products such as smartphones are rapidly becoming obsolete within a short span of time due to quick launches of new and advanced versions of products by vendors. During the forecast period, this reduction in the replacement cycle of smart devices will, in turn, foster the demand for GaAs devices.
“Market vendors are anticipated to expand their business, improve their market share, and gain access to new technologies through strategic alliances, collaborations, mergers, and acquisitions. These collaborations offer better solutions based on the latest technologies to customers. The formation of new partnerships between vendors is expected to have a positive impact on the growth of the market,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
“Another significant trend in the global GaAs devices market is the development of 3G and 4G networks. As the world is experiencing rapid technological advances, developed and emerging nations are focusing on the deployment of 3G and 4G networks. With the higher adoption of 3G and 4G networks, the demand for GaAs devices will increase exponentially until the end of 2020.”
Market drivers –
- Rising adoption of smartphones and tablets
- Ever-increasing demand for data
- Faster product replacement cycle and increased design complexity
Market trends –
- Increasing collaborations among vendors
- Fast-growing 3G and 4G networks
- Rising demand for communication devices
Key market vendors –
- Skyworks Solutions
- Qorvo
- Avago Technologies
- Advanced Wireless Semiconductor
- ANADIGICS
- Hittite Microwave
- M/A-COM Technology Solutions
- Murata Manufacturing
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Gallium Arsenide (GaAs) Devices Market 2016-2020, please send an e-mail to media@TechNavio.com.
