Indium Gallium Arsenide (InGaAs) Market
Indium Gallium Arsenide (InGaAs) Market By Type (Avalanche, PIN, PN, Schottky), By Packaging (Ceramic, Metal, Plastic, Combination), By Application, By Regions - Global Insights 2020-2030
Analysis of Indium Gallium Arsenide (InGaAs) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Indium Gallium Arsenide (InGaAs) Market to Experience Downturn, Amid the Covid-19 Outbreak
Growing inclination for InGaAs over other compound semiconductors is the key factor giving boost to the market. Moreover, expanding interests in 5G infrastructure, combined with mounting customer demand and strategic communication frameworks, provide impetus to market growth over the forecast period. Indium gallium arsenide is used for manufacturing a number of semiconductor and optical transmission devices.
These include optical lens for digital cameras. Furthermore, shift from legacy to Long Term Evolution (LTE) network is seen as an important driver with respect to backbone infrastructure. Burgeoning demand for smartphones with high quality cameras has also resulted in increasing demand for InGaAs material.
With continuous advancement in telecom industry and increasing installation of optical fiber for numerous services, the market for indium gallium arsenide is expected to grow at a CAGR of 8.5% over forecast period (2020-2030). By type, schottky accounted for a significant share in 2020. With market making recovery post COVID -19, segment will continue to be a lucrative through 2030.
The outbreak of nCoV-19 has declined demand for InGaAs, as a consequence of nation-wide lockdowns and stalling production activity. These lockdowns have disrupted supply chains and impacted production of consumer electronic products. Market for InGaAs is expected to experience a decline in first three quarters of 2020 and poised to stabilize from the following quarter.
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Avalanche Photodiodes to Account for Half of Global Market Share
Avalanche Photodiodes dominated the global InGaAs market in terms of both value and volume in 2019. Superiority of avalanche over other photodiodes in terms of sensitivity, operating temperature and quantum efficiency are some of the primary reasons behind the dominance.
Furthermore, Avalanche photodiodes are used in applications where very sensitive light detection is needed. Furthermore, a PN junction diode is used for variety of applications such as voltage rectification, signal isolation and signal mixing across power, telecommunication and consumer electronics industry.
Introduction of Next Generation Network (NGN) to Boost Demand for InGaAs
Adoption of 5th Generation Network will introduce the concept of Multiple Input Multiple Output (MIMO) which requires connectivity through optical fiber media. These adoptions will result in surging demand for InGaAs at a global level.
Furthermore, the road to 5G infrastructure would also push Internet of Things (IoT) adoption, creating a positive atmosphere for InGaAs photodiodes and efficient communication systems. IoT is rapidly expanding its roots in major industries including automotive, manufacturing, consumer products etc. Therefore, determined focus towards 5G implementation along with Internet of Things (IoT) will generate noteworthy opportunities in the global InGaAs market till 2030.
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North America Accounts for the Lion’s Share in the Global InGaAs Market
North America captured over one third of the global InGaAs revenue in 2019. High demand of compound semiconductors, investments in 5G infrastructure, increasing smartphone penetration coupled with the presence of key players and escalating adoption of hyper-spectral imaging technology are the primary factors providing an uplift to the InGaAs market growth.
Furthermore, South Asia & Oceania are expected to show most attractive growth rate over the forecast period. The growing domestic demand and improvement in consumer spending is likely to create opportunities for the South Asian economies.
Acquisition and Geographical Expansion to remain Key Strategy of Global Players
The prominent players of InGaAs photodiode manufacturers are focusing on the acquisition of regional manufactures to increase their regional footprint and adopt a vertical integration strategy helping them to enjoy higher profits from the supply chain. For instance, Excelitas acquired Axsun Technologies Inc. to expand its production of MEMS – based optical engines. The company has also acquired Research Electro-Optics (REO), Inc. to expand its portfolio of optical components and have an access to a wide range of sectors across the globe.
About the Report
Fact.MR published an exclusive forecast report for InGaAs market between 2020 and 2030. The foremost objective of this report on InGaAs market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the InGaAs market. Also, the study on InGaAs market addresses key dynamics, which are expected to diversify the sales and future prominence of InGaAs market.
The report on InGaAs market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of InGaAs market elaborating on the key segments. Also, the report outlines visionary insights on dynamics InGaAs market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for zeolites.
Supply chain analysis and pricing analysis of InGaAs market along with the difference between InGaAs used as per applications have also been included in the report to help the readers clearly understand the product framework map in InGaAs market.
“Adoption of 5th Generation Network with supporting IoT and M2M applications shall upswing demand for InGaAs market for providing better backbone infrastructure tuned with telecom catalogue services”, says a Fact.MR Analyst.
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InGaAs Market Segmentation
Fact.MR has studied the InGaAs market with detailed segmentation on the basis of type, packaging, application and key regions.
By Type :
By Packaging :
By Application :
- Aerospace & Defense
- Analytical & Scientific
- Communication Systems
- Consumer Electronics
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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The market for indium gallium arsenide is expected to grow at a CAGR of 8.5% over forecast period (2020-2030
Fact.mr has studied the ingaas market with detailed segmentation on the basis of type, packaging, application and key regions.