LONDON--(BUSINESS WIRE)--Sep 6, 2018--The global GaAs wafers market is expected to post a CAGR of about 12% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global GaAs wafers market from 2018-2022. (Graphic: Business Wire)

A key factor driving the demand for GaAs wafers is the growth of the solar power industry. The demand for solar cells has been increasing because of the growth of the solar power industry in different regions. As solar cells are made up of GaAs wafers, the growth of the solar power industry is expected to contribute to an increased demand for GaAs wafers. The launch of several solar-backed schemes in countries such as China, the US, Japan, India, France, and Australia are promoting the sales of solar cells.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the emerging concept of the Internet of Things (IoT) as one of the key emerging trends in the global GaAs wafers market:

Global GaAs wafers market: Emerging concept of the Internet of Things (IoT)

Several industries are concentrating on the expansion of communication infrastructure. The demand for high-frequency communication devices has been increasing, particularly due to the advent of the IoT concept. Therefore, the demand for Ga-As based ICs has also been rising as Ga-As-based devices are particularly compatible with the IoT network.

“GaAs devices offer better functionality in IoT devices as compared with silicon and other compound semiconductor devices. GaAs devices permit better data transmission when used in IoT devices, which enables better network connectivity. GaAs devices allow high-speed data transfer when integrated into mobile devices,” says a senior analyst at Technavio for research on embedded systems.

Global GaAs wafers market: Segmentation analysis

This market research report segments the global GaAs wafers market by application (wireless communication network, mobile devices, and aerospace and defense) and geography (the Americas, APAC, and EMEA).

The mobile devices segment held the largest market share in 2017, accounting for nearly 62% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with close to 79% of the market share, followed by the Americas and EMEA respectively. APAC is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 09/06/2018 09:16 AM/DISC: 09/06/2018 09:16 AM