Semiconductors and Electronics

Image

Global Gallium Arsenide Germanium Solar Cell (Gaas) Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jan 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Gallium Arsenide Germanium Solar Cell (Gaas) Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 14.54 Billion
Diagram Market Size (Forecast Year) USD 27.73 Billion
Diagram CAGR %

Global Gallium Arsenide Germanium Solar Cell (Gaas) Market, ByType (LEC Grown GaAs, VGF Grown GaAs), Application (Radio Frequency Electronics, Light Emitting Diodes, Photovoltaic Devices, Phototonic Devices, Wireless Communication, Optoelectronic Devices, Other Applications) – Industry Trends and Forecast to 2030.

 Gallium Arsenide Germanium Solar Cell (Gaas) Market Analysis and Size

The demand for electricity in the world is rising daily and as the manufacture continue to generate this good using finite resources. Fossil fuels are expensive and will eventually run out, which is a well-known truth. As a result of this, there has to be a movement to encourage, develop, and sustain ecologically friendly, efficient, and renewable energy such as gallium arsenide germanium solar cell (Gaas). These solar cell (Gaas) are extensively preferred over other compound semiconductor devices because they possess enhanced compatibility, scalability and functionality with the internet of things (IoT) network. These provide improved network connectivity because they allowbetter data transmission, which enhanced the demand for the gallium arsenide germanium solar cell (Gaas) in the market

Data Bridge Market Research analyses that the gallium arsenide germanium solar cell (Gaas) market is expected to reach USD 27.73 billion by 2030, which is USD 14.54 billion in 2022, at a CAGR of 8.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Gallium Arsenide Germanium Solar Cell (Gaas) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (LEC Grown GaAs, VGF Grown GaAs), Application (Radio Frequency Electronics, Light Emitting Diodes, Photovoltaic Devices, Phototonic Devices, Wireless Communication, Optoelectronic Devices, Other Applications)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Semiconductor Wafer Inc (Taiwan), AXT, Inc. (U.S.), Freiberger Compound Materials GmbH (Germany), Xiamen Powerway Advanced Material Co., Ltd. (China), Sumitomo Electric Industries, Ltd. (Japan), Wafer Technology Ltd. (U.K.), MTI Corporation (U.S.), Vital Materials Co., Limited. (China), DOWA Electronics Materials Co., Ltd. (Japan), II-VI Incorporated (U.S.), IQE PLC (U.K.), Wafer Technology (U.S.), Advanced Wireless Semiconductor Company (Taiwan), Hanergy Mobile Energy Holding Group Limited. (Beijing), Qorvo, Inc. (U.S.)

Market Opportunities

  • Surge in the modern energy services
  • Rise in awareness regarding adverse environmental impacts of non-renewable source among buyers
  • Increasing demand for decentralized energy generation systems

Market Definition

Gallium arsenide germanium solar cell (Gaas) comprise of Arsenide (As) and Gallium (Ga), and a zinc blende crystal structure. These elements are mainly used as a substrate material for the growth of the other semiconductors. Gallium arsenide (GaAs) is considered as ideal elements for use in high-efficiency and multijunction solar cells.

Gallium Arsenide Germanium Solar Cell (Gaas) Market Dynamics

Drivers

  • Surge in awareness regarding adverse impact on environmental

The demand for gallium arsenide germanium solar cell (Gaas) has increased since they are based on sustainable sources of energy and there is a greater awareness among market participants and consumers of the negative environmental effects of other solar cells. Additionally, the market benefits from the growing reliance on unconventional energy sources, which are anticipated to fuel the growth of the gallium arsenide germanium solar cell (Gaas) market.

  • Rise in the installation of solar system

The market for gallium arsenide germanium solar cell (Gaas) is expanding as a result of the increase in solar system installations. The desire to lower the cost of solar cell modules is predicted to increase demand for gallium arsenide germanium solar cell (Gaas) which will fuel the growth of the market during thr forecast period.

Opportunities

  • Increasing demand for decentralized energy generation systems

Growing demand for decentralized energy generation systems in emerging countries will increase the penetration toward solar energy such as gallium arsenide germanium solar cell (Gaas) in upcoming period. Over one billion of global population have poor or zero access to electricity. Initiatives towards off-grid electrification integrated with solar systems will increase the demand for the gallium arsenide germanium solar cell (Gaas) based product.

  • Surge in the modern energy services

The increase in economic growth and growth in the energy security are some of the major factors that accelerate the demand for the gallium arsenide germanium solar cell (Gaas) and create numerous opportunities for market growth. Furthermore, increase in the requirement for improving the quality of life and reducing poverty with the help of modern energy services such as gallium arsenide germanium solar cell (Gaas) has assisted in the market's growth in upcoming years.

Restraints

  • Environmental concern associated with gallium arsenide germanium solar cell

As a result of negative impact of gallium, arsenide and germanium on the environment, the government has implemented some stringent rule and regulations which are expected to obstruct the demand of the gallium arsenide germanium solar cell (Gaas) in the market.

  • Lower productivity of gallium arsenide germanium solar cell

The lower productivity of the gallium arsenide germanium solar cell (Gaas) as compared to other alternatives might be hamper the growth of the gallium arsenide germanium solar cell (Gaas) market globally during the forecast period of 2023-2030.

This gallium arsenide germanium solar cell (Gaas) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gallium arsenide germanium solar cell (Gaas) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Gallium Arsenide Germanium Solar Cell (Gaas) Market Scope

The gallium arsenide germanium solar cell (Gaas) market is segmented based on type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • LEC grown GaAs
  • VGF grown GaAs

Application

  • Radio Frequency Electronics
  • Light Emitting Diodes
  • Photovoltaic Devices
  • Phototonic Devices
  • Wireless Communication
  • Optoelectronic Devices
  • Other Applications

 Gallium Arsenide Germanium Solar Cell (Gaas) Market Regional Analysis/Insights

The gallium arsenide germanium solar cell (Gaas) market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the gallium arsenide germanium solar cell (Gaas) market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the gallium arsenide germanium solar cell (Gaas) market in revenue growth owing to the increasing population coupled with increasing demand for smartphones in this region. 

North America is projected to be the fastest developing region during the forecast period of 2023-2030 owing to the surge in investments in this aregion.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Gallium Arsenide Germanium Solar Cell (Gaas) Market Share Analysis

The gallium arsenide germanium solar cell (Gaas) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to gallium arsenide germanium solar cell (Gaas) market.

Some of the major players operating in the gallium arsenide germanium solar cell (Gaas) market are:

  • Semiconductor Wafer Inc (Taiwan)
  • AXT, Inc. (U.S.)
  • Freiberger Compound Materials GmbH (Germany)
  • Xiamen Powerway Advanced Material Co., Ltd. (China)
  • Sumitomo Electric Industries, Ltd. (Japan)
  • Wafer Technology Ltd. (U.K.)
  • MTI Corporation (U.S.)
  • Vital Materials Co., Limited. (China)
  • DOWA Electronics Materials Co., Ltd. (Japan)
  • II-VI Incorporated (U.S.)
  • IQE PLC (U.K.)
  • Wafer Technology (U.S.)
  • Advanced Wireless Semiconductor Company (Taiwan)
  • Hanergy Mobile Energy Holding Group Limited. (Beijing)
  • Qorvo, Inc. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Gallium Arsenide Germanium Solar Cell (Gaas) Market is projected to grow at a CAGR of 8.40% during the forecast period by 2030.
The future market value of the Gallium Arsenide Germanium Solar Cell (Gaas) Market is expected to reach USD 27.73 billion by 2030.
The major players in the Gallium Arsenide Germanium Solar Cell (Gaas) Market are Semiconductor Wafer Inc (Taiwan), AXT, Inc. (U.S.), Freiberger Compound Materials GmbH (Germany), Xiamen Powerway Advanced Material Co., Ltd. (China), Sumitomo Electric Industries, Ltd. (Japan), etc.
The countries covered in the Gallium Arsenide Germanium Solar Cell (Gaas) Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, etc.
Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials