Gallium Arsenide (GaAs) Market Size is forecast to reach $2.2 billion by 2027, growing at a CAGR of 11.1% during 2022-2027.
GaAs is increasingly used as a replacement for silicon because of its enhanced electronic properties and was selectively grown on GaAs substrates patterned with SiO2 by conventional molecular beam semiconductor device epitaxy. Moreover growing demand for GaAs solutions such as laser diodes, light emitting diodes, optoelectronic devices and Monolithic Microwave Integrated Circuits across various end-user industries such as aerospace & defense, electronics, and communications is analyzed to drive the GaAs Wafer Market share. In addition, owing to a wide direct band gap material that resists radiation damage, GaAs is an excellent option for outer space electronics and optical windows in high power applications.
