Global Gallium Arsenide (GaAs) RF Devices Market Size, Share, and COVID-19 Impact Analysis, By Device (Filter, Power Amplifier, Low Noise Amplifier, Switch & Others), By Application (Consumer Devices, Automotive, Telecommunications, Aerospace & Defence, Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2030

Key Market Insights

Gallium Arsenide (GaAs) RF Devices Market was valued at US$ 11.3 billion in 2021 and is projected to reach US$ 18.8 billion by 2030, at a CAGR of 6.1%. Technological advancements in emerging economies, as well as growing applications in the automotive and energy industries, will generate attractive prospects for the gallium arsenide (GaAs) radio frequency (RF) semiconductor market over the projection period.

Some of the major and impactful factors will likely create positive growth in the gallium arsenide (GaAs) radio frequency (RF) semiconductor market in the forecast period. Growing demand for wireless devices in various industries, advancement as well as growth in the semiconductor industry, the introduction of 5G network, and the increasing importance of advanced RF devices in radar and electronic warfare systems.

COVID-19 ANALYSIS

The global gallium arsenide (GaAs) RF devices market share is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of a few countries are considering national-level lockdowns as a viable means of controlling viral transmission.

The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of gallium arsenide (GaAs) RF devices, influencing the management of the gallium arsenide (GaAs) RF devices supply chain.

The Airports Council International (ACI) has cautioned that the COVID-19 outbreak's protracted length will have a substantial impact on the region's airport connectivity and economic sustainability, limiting the region's ability to achieve previously estimated growth possibilities. This chain of occurrences is expected to have a negative influence on the growth of the gallium arsenide (GaAs) RF devices market in the future years.

Technological Advancements in Developing Economies Along with Growing Applications in Energy and Automotive Industry

Rising technological advancements of high-performance devices is fueling the gallium arsenide RF devices market revenue. The growing applications in energy and automotive sector is increasing by the usage of RF devices. The emergence of electric vehicles and autonomous driving is trending the global market.

Rising Demand for Higher Data Rate in Telecommunications

Higher data rates in telecommunications and higher resolution in industrial systems are increasing the frequency of operation for the electronics that enable them. Many of these systems work throughout a broad frequency spectrum, and higher bandwidth is a common request for new designs. There is a drive in many of these systems to employ a single signal chain for all frequency bands.

Growing Emergence of Advance Technologies like 5G/LTE

The surging demand of smartphones in developing countries will likely to fuel the gallium arsenide RF devices market growth. Furthermore, as modern technologies such as LTE become more widely adopted, RF devices are becoming increasingly important in electronic warfare and radar systems.

Gallium Arsenide (GaAs) is a popular material for making RF components for smartphones. Low noise, good thermal stability, and fast electron mobility are few of the advantages. These devices are also used in consumer electronics, satellite communication, and radar.

Concerns Pertaining to Increasing Costs of High Performance Devices

One of the main problems limiting market growth is rising costs of high performance devices. Despite these constraints, growing economies offer gallium arsenide RF devices market players a plethora of fresh sales opportunities for future expansion is limiting the business growth.

SEGMENTATION

The gallium arsenide (GaAs) RF devices market is segmented by Device (Filter, Power Amplifier, Low Noise Amplifier. Switch & Others), by Application (Consumer Devices, Automotive, Telecommunications, Aerospace & Defence, & Others) and region. Based on the type, the market is categorized into filter, power amplifier, low noise amplifier, switch & others. Based on application, the market is categorized into consumer devices, automotive, telecommunications, aerospace & defence & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Device Insights

Based on the type segment, the gallium arsenide RF devices market report is categorized into filter, power amplifier, low noise amplifier, switch & others. The filter segment accounted largest market share in 2020 due to the growing demand for commercial applications and rugged military across the world. The filter has multiple benefits coupled with robustness, lightweight, high density, and shock resistance.

Application Insights

Based on the application segment, the global gallium arsenide (GaAs) RF devices market is categorized into consumer devices, automotive, telecommunications, aerospace & defence & others. The automotive segment accounted largest market share in 2020 due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global gallium arsenide (GaAs) RF devices market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.

The telecommunications segment is anticipated to register a significant growth rate over the forecast period. According to Airbus' Worldwide Market Forecast data, global air traffic is expected to grow at a rate of 4.4 percent per year over the next 20 years, necessitating the purchase of 37,400 additional aircraft costing US$ 5.8 trillion.

REGIONAL INSIGHTS

The global gallium arsenide RF devices market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific is expected to dominate the market share of global gallium arsenide (GaAs) RF devices market owing to the market is growing due to the increasing penetration of 5G and LTE networks across the region.

In addition, rising demand from consumer electronics and semiconductor applications is fueling market expansion. Due to an increase in the demand for wearable devices, smartphones, and other devices is likely to grow in this region. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for gallium arsenide (GaAs) RF devices. Increasing digitalization and huge population is creating the demand of gallium arsenide (GaAs) RF devices in the region. North America is anticipated to emerge as the fastest-growing region over the forecast period. Due to the presence of major key players and advanced technologies is propelling the growth of the global gallium arsenide (GaAs) RF devices market.

LIST OF COMPANIES PROFILED: 

• Qorvo
• Skyworks Solutions, Inc.
• Qualcomm
• NXP Semiconductors
• MACOM
• Murata Manufacturing Co., Ltd.
• onsemi
• RFHIC
• STMicroelectronics
• Mitsubishi Electric
• Toshiba
• Others

KEY INDUSTRY DEVELOPMENTS:

• February 2021- Qorvo launched Quadrature IF Mixers which offer wideband and high-frequency applications such as phased array radar, satellite communications and electronic warfare (EW).
• June 2019- Qorvo amplifiers have been selected by Syrlinks for space applications for the usage of telemetry tracking and control modules.

SEGMENTATION

By Device

• Filter
• Power Amplifier
• Low Noise Amplifier
• Switch
• Others

By Application

• Consumer Devices
• Automotive
• Telecommunications
• Aerospace & Defence
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia