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Dublin, July 12, 2018 (GLOBE NEWSWIRE) -- The "Gallium Arsenide Wafer Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the gallium arsenide wafer market looks attractive with opportunities in radio frequency (RF) electronics and optoelectronics.
The global gallium arsenide wafer market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 11.5% from 2018 to 2023. The major drivers of growth for this market are increasing adoption of smartphones and growing penetration of light emitting diode (LED) in general lighting. Emerging trends, which have a direct impact on the dynamics of the gallium arsenide wafer industry, include growing demand for larger size GaAs wafers and reusing gallium arsenide wafers for higher performance devices.