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.
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.
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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.
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.
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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.
- Aerospace & Defense
- Analytical & Scientific
- Communication Systems
- Consumer Electronics
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Indium Gallium Arsenide (InGaAs) Market- Scope of the Report
The recent study by Fact.MR on InGaAs market offers a 10-year forecast between 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of InGaAs market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of InGaAs. The study also provides dynamics that are responsible for influencing the future status of the InGaAs market over the forecast period.
A detailed assessment of InGaAs value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the InGaAs market along with their exhaustive analysis enhances the reliability of this comprehensive research study.
InGaAs Market: Report Summary
The study offers a comprehensive analysis on diverse features including product portfolio, demand, product developments, revenue generation and sales in InGaAs market across the globe.
A comprehensive estimate on InGaAs market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of InGaAs during the forecast period. Price point comparison by region with global average price is also considered in the study.
InGaAs Market: Analysis on Market Size Evaluation
InGaAs market has been analyzed for each market segment, in terms of volume (Mn Units) and value (US $ Mn).
Market estimates at global and regional levels for InGaAs is available in terms of “US$ Mn” for value and in “Mn Units” for volume. A Y-o-Y growth contrast on prominent InGaAs market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global InGaAs market.
InGaAs Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the InGaAs report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of InGaAs market during the forecast period.
Country-specific valuation on demand for InGaAs has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
InGaAs Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the InGaAs along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of the InGaAs, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.
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