Gallium Arsenide Market - Forecast 2021 - 2026
Gallium Arsenide Market Overview Gallium Arsenide (GaAs) Market Size is forecast to reach $632.2 billion by 2026, growing at a CAGR of 7.1% during 2021-2026. 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 epitaxy. Moreover growing demand for GaAs across various end-user industries such as aerospace & defense, electronics, and communications is analyzed to drive the Gallium Arsenide 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. Further, other key factors driving the growth of the GaAs market include increase in adoption of 5G networks across the world and the advent of IoT has been one of the major reasons responsible for the growing trend of the Gallium Arsenide market size. The ...