The global gallium arsenide (GaAs) device market will rise at a compound annual growth rate (CAGR) of 4.14% over 2016-2020, forecasts a report by TechNavio (issued by the firm Research and Markets).
The GaAs device market largely comprises applications in mobile devices (smartphones and tablets) and wireless communications. These two segments collectively accounted for more than 80% of the market in 2015, according to the report 'Global Gallium Arsenide (GaAs) Devices Market 2016-2020'.
Smartphone shipments will grow significantly from about 1.4 billion units in 2015 to more than 2 billion units by 2020 due to the availability of low-cost smartphones in emerging markets such as China and India as well as increasing Internet penetration worldwide. The growth in smartphones shipments will drive demand for GaAs devices used in mobile handsets, particularly GaAs power amplifiers. Further, the report states that the availability of alternative devices is a major challenge faced by the market.
Vendors are expected to expand their business, improve their market share, and gain access to new technologies through strategic alliances, collaborations, mergers, and acquisitions, offering better solutions based on the latest technologies.
The report lists key vendors as: Skyworks Solutions, Qorvo (formed by the merger of RF Micro Devices and TriQuint Semiconductor in January 2015), Avago Technologies, Advanced Wireless Semiconductor, Anadigics, Hittite Microwave, M/A-COM Technology Solutions, and Murata Manufacturing.
