Connect with us

Technology

Gallium Arsenide Components Market size is set to grow by USD 3.51 billion from 2024-2028, Rising adoption of smartphones and tablets boost the market, Technavio

Published

on

NEW YORK, July 2, 2024 /PRNewswire/ — The global gallium arsenide components market size is estimated to grow by USD 3.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.3% during the forecast period. Rising adoption of smartphones and tablets is driving market growth, with a trend towards increasing adoption of 4G and 5G networks. However, availability of alternative devices poses a challenge. Key market players include Analog Devices Inc., AXT Inc., Broadcom Inc., CMK Ltd., DOWA Electronics Materials Co. Ltd., Edmund Optics Inc., Freiberger Compound Materials GmbH, Furukawa Denshi Co. Ltd., Hanergy Thin Film Power EME BV, II VI Inc., Logitech Ltd., MACOM Technology Solutions Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Qorvo Inc., Reade International Corp., Skyworks Solutions Inc., Sumitomo Electric Industries Ltd., Umicore SA, and Western Minmetals SC Corp.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Gallium Arsenide Components Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.3%

Market growth 2024-2028

USD 3518.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.83

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 79%

Key countries

South Korea, China, US, India, and Taiwan

Key companies profiled

Analog Devices Inc., AXT Inc., Broadcom Inc., CMK Ltd., DOWA Electronics Materials Co. Ltd., Edmund Optics Inc., Freiberger Compound Materials GmbH, Furukawa Denshi Co. Ltd., Hanergy Thin Film Power EME BV, II VI Inc., Logitech Ltd., MACOM Technology Solutions Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Qorvo Inc., Reade International Corp., Skyworks Solutions Inc., Sumitomo Electric Industries Ltd., Umicore SA, and Western Minmetals SC Corp.

Market Driver

The global market for Gallium Arsenide (GaAs) components is poised for significant growth due to the widespread adoption of high-speed Internet connectivity. With the phase-out of 2G and 3G networks and the increasing focus on 4G and 5G technologies, the demand for GaAs components in smartphones, tablets, and other communication devices is expected to increase substantially. 5G technology, which is currently in development, will offer faster data speeds and improved performance, leading to higher sales volumes for GaAs components. Major countries, including the US, Japan, and South Korea, are expected to be early adopters of 5G technology, further boosting the market growth. 

The Gallium Arsenide components market is experiencing significant growth, with technologies such as telecommunications, optoelectronics, and military applications driving demand. The use of GaAs in high-frequency applications, like radio frequency (RF) and microwave technologies, is increasing due to its superior performance. The semiconductor industry is also investing in GaAs for its use in power electronics and solar cells. The increasing demand for GaAs components is also due to their high efficiency, excellent thermal conductivity, and high electron mobility. The market for GaAs components is expected to continue its upward trend in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The GaAs components market faces challenges from emerging alternatives such as GaN, SiGe, LDMOS, and CMOS devices. GaN and LDMOS are used in power amplifiers, while SiGe is preferred in low-noise applications. CMOS is gaining popularity in entry-level phones and is expected to expand into smartphones. High-power RF semiconductor devices demand substrates with high thermal conductivity, which GaAs cannot provide. GaN substrates are used instead for high-voltage applications. These factors are expected to limit the growth of the GaAs components market during the forecast period.The Gallium Arsenide components market faces several challenges in the semiconductor industry. The high cost of production and complexity in manufacturing are major hurdles. The demand for these components is increasing due to their superior properties in telecommunications, optoelectronics, and radio frequency applications. However, the competition from other semiconductor materials, such as silicon, is intense. The need for advanced technologies and processes to improve efficiency and reduce costs is crucial. Defects and impurities in the raw materials and manufacturing processes also pose challenges. The market requires continuous research and development to address these issues and maintain competitiveness.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This gallium arsenide components market report extensively covers market segmentation by

Type 1.1 LEC grown GaAs1.2 VGF grown GaAsApplication 2.1 Mobile devices2.2 Wireless communication2.3 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 LEC grown GaAs- The LEC-grown GaAs segment led the gallium arsenide components market in 2023, driven by advancements in wireless communication, satellite technology, and other wireless networks. This segment’s dominance is attributed to the semiconductor industry’s high usage of semi-insulating GaAs single crystals. Benefits such as scalability, effectiveness, temperature reduction, carbon content control, and good insulation properties make LEC-grown GaAs an attractive choice. These advantages, coupled with the expanding semiconductor sector, are expected to boost demand for LEC-grown GaAs and fuel market growth throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Gallium Arsenide (GaAs) components market encompasses the production and supply of various optoelectronic devices and semiconductor ICs, including Laser Diodes, Light Emitting Diodes, and Microwave Integrated Circuits. These components find extensive applications in the Aerospace Industry, Electronics Industry, and Communications Industry, particularly in the development of 5G Networks and 5G Wireless Communication systems. GaAs is a preferred semiconductor material due to its superior electrical and optical properties, making it ideal for Power Amplifiers, Low Noise Amplifiers, Filters and Duplexers, RF Mixers, Switches, and other frequency-related components. Operating at various frequencies and with different voltage requirements, these components are manufactured using advanced technologies like Plasma Etching and VGF Technology. The wafer size used in the production process varies depending on the specific application and component design.

Learn and explore more about Technavio’s in-depth research reports

The global Front End of the Line Semiconductor Equipment Market is experiencing robust growth due to the increasing demand for advanced semiconductors in various industries. Concurrently, the global Semiconductor IP Market is expanding, driven by the need for efficient and cost-effective semiconductor design solutions. Additionally, the Magneto Resistive RAM (MRAM) Market is gaining traction as MRAM technology offers significant advantages in terms of speed, endurance, and power efficiency. These trends highlight the dynamic nature of the semiconductor industry, underscoring the critical role of innovative technologies in shaping the future of electronics.

Market Research Overview

The Gallium Arsenide (GaAs) components market encompasses the production and supply of semiconductor devices and related products based on Gallium Arsenide. These components are utilized in various applications such as radio frequency (RF) and power electronics, optoelectronics, and sensor technology. GaAs materials offer advantages like high electron mobility, high saturation velocity, and high electron velocity, making them suitable for high-frequency and high-power applications. The GaAs components market is driven by the increasing demand for wireless communication systems, solar energy conversion systems, and other advanced technologies. The market is expected to grow significantly due to the continuous research and development in the field of GaAs technology and the increasing adoption of GaAs-based devices in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeLEC Grown GaAsVGF Grown GaAsApplicationMobile DevicesWireless CommunicationOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/gallium-arsenide-components-market-size-is-set-to-grow-by-usd-3-51-billion-from-2024-2028–rising-adoption-of-smartphones-and-tablets-boost-the-market-technavio-302187302.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Heidrick & Struggles Strengthens Board with Appointment of AI and Talent Leaders Aseem Datar and Leanne Wood

Published

on

By

New Appointments Bring Strategic Expertise to Support Firm’s Next Chapter of Growth

CHICAGO, June 22, 2026 /PRNewswire/ — Heidrick & Struggles today announced the appointments of Aseem Datar, Corporate Vice President, AI Platform and Quantum at Microsoft, and Leanne Wood, former Chief Human Resources Officer at Vodafone, to the firm’s Board of Managers, the company’s governing body. The appointments follow the recent designation of Tom Monahan, who continues to serve as Chief Executive Officer of Heidrick & Struggles, as Vice Chairman of the Board, alongside the appointment of Tom Murray, President of Heidrick & Struggles, to the Board. Together, these appointments further strengthen the Board’s expertise across technology, leadership, talent, and organizational transformation as the firm enters its next phase of growth as a private company.

Datar and Wood bring significant expertise across technology innovation, leadership, organizational transformation, and global business strategy as Heidrick & Struggles continues advancing its long-term growth strategy and leadership advisory capabilities worldwide.

“We are delighted to welcome Aseem and Leanne to our Board of Managers,” said Tom Monahan, Chief Executive Officer and Vice Chairman of the Board of Heidrick & Struggles. “Our Board’s expertise reflects some of the most consequential forces shaping the future of leadership and business today. Aseem’s experience at the forefront of AI innovation and enterprise technology, combined with Leanne’s distinguished leadership across talent, culture, and organizational transformation, will provide invaluable perspectives as we continue investing in innovation and helping clients navigate increasingly complex leadership challenges around the world.”

Datar is Corporate Vice President, AI Platform and Quantum at Microsoft, where he leads the company’s strategy and execution across advanced AI and next-generation computing. Over more than two decades at Microsoft, he has scaled some of its most significant businesses, holding senior leadership roles in business and product strategy, operations, and cloud and AI platform growth — including as Chief Operating Officer for Microsoft Azure. He also brings experience working with emerging technology and venture-backed companies through his time at Madrona Venture Group.

Wood is an accomplished global business and board leader with extensive experience across talent strategy, organizational transformation, and corporate governance. Most recently, she served as Chief Human Resources Officer at Vodafone, where she led global people and organizational transformation initiatives across more than 100,000 employees and operations spanning Europe and Africa. Her experience also includes global senior leadership roles at Burberry and Diageo, where she helped guide complex business transformation, leadership succession, and culture initiatives. She also brings prior board experience, having served as Chair of Vodafone Shared Operations Limited and as a Non-Executive Director at Compass Group and Vodacom Africa.

“As Heidrick & Struggles continues building on its strong market position following the recent transition to private ownership, attracting world-class leaders to our Board remains a critical priority,” said Carmine Di Sibio, Chairman of the Board of Heidrick & Struggles. “Aseem and Leanne each bring highly relevant experience across technology innovation, talent leadership, and organizational transformation that will help guide the firm as it continues investing in innovation and delivering exceptional value for clients globally.”

Following the company’s take-private transaction led by Advent International, Corvex Private Equity, and a global network of strategic investors in late 2025, Heidrick’s Board of Managers reflects a combination of firm leadership and investor representation alongside independent business leaders. The Board is chaired by Carmine Di Sibio, Operating Partner at Advent International and Former Global Chair and CEO of EY. Tom Monahan, Chief Executive Officer of Heidrick & Struggles, was recently appointed Vice Chairman of the Board, and Tom Murray, President of Heidrick & Struggles, was recently appointed to the Board. Additional Board members include Joe Costa, Managing Partner of Corvex Private Equity; John DiCola, Managing Director at Advent; Mark Dirzulaitis, Director at Advent; and Chris Satti, President of Salem Capital Management. Chris Egan, Managing Partner at Advent, and Paul Yun, Managing Director at Mousse Partners, serve as Board observers.

About Heidrick & Struggles 
Heidrick & Struggles is the world’s foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we have delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at www.heidrick.com.

Media Contact
Bianca Wilson
Global Director, Public Relations
Heidrick & Struggles 
bwilson@heidrick.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/heidrick–struggles-strengthens-board-with-appointment-of-ai-and-talent-leaders-aseem-datar-and-leanne-wood-302806502.html

Continue Reading

Technology

Chainguard Named a Leader in Inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security

Published

on

By

Chainguard positioned furthest right for Completeness of Vision among all vendors evaluated

KIRKLAND, Wash., June 22, 2026 /PRNewswire/ — Chainguard, the trusted source for open source, today announced it has been named a Leader in the inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security. Chainguard is positioned furthest right for Completeness of Vision among all vendors evaluated. Chainguard has made secure-by-default the standard for software supply chain security, delivering open source that’s secure and ready for production.

As AI-assisted development accelerates and attackers exploit new vulnerabilities in a matter of minutes, organizations can no longer rely on scanning artifacts after the fact. Prevention is the only solution. Chainguard’s platform has grown to cover more than 2,500 container projects and millions of language library versions, as well as virtual machines, CI/CD workflows, agent skills, and OS packages. Chainguard Factory, which has processed more than 1 billion unique build manifests to date, is the agentic engine that enables the company to scale to tens of thousands of packages, remediate CVEs within hours rather than days, and deliver security at industry-leading velocity.

“The software supply chain threat landscape is changing faster than traditional security tools were designed to handle. AI is only widening that gap, giving attackers new ways to find and exploit vulnerabilities before most teams even know they exist. We believe the Gartner recognition of Software Supply Chain Security as a category is a critical step in helping organizations understand the threat they’re up against, and what it takes to stay ahead of it,” said Patrick Donahue, Senior Vice President of Product, Chainguard. “Chainguard builds your supply chain from the ground up, with trusted source, hardened artifacts, secured pipelines, and clean provenance by default. Prevention is the only viable strategy for this new AI era, and Chainguard was built for this moment.”

Securing the software supply chain from source to production

The software supply chain has become the most consequential attack surface in modern infrastructure. Malware campaigns have targeted language libraries, CI/CD pipelines, and AI coding tools, while AI models are accelerating the discovery and exploitation of vulnerabilities faster than traditional remediation workflows can respond. Chainguard addresses this across every layer of the stack.

Chainguard’s catalog of trusted open source is continuously rebuilt from verified source code in an isolated environment through the Chainguard Factory. Chainguard Libraries are malware-resistant, Chainguard Containers ship with zero known CVEs, and Chainguard Actions and Agent Skills leverage hardening rulesets to continuously assess the security posture of critical AI and CI/CD open source artifacts. All artifacts come with cryptographic signatures, signed SBOMs, and SLSA L3-aligned provenance, so engineers have confidence in what they are running in production, and security teams have the compliance evidence to match.

By delivering container images with near-zero known CVEs, Chainguard eliminates vulnerability noise before it ever reaches customer pipelines, so security teams spend less time triaging alerts and more time mitigating risks that actually matter. Chainguard’s preventive foundation helps organizations meet regulatory mandates such as FedRAMP, the NIS2 Directive, and the EU CRA without relying on reactive security management.

To learn more about Chainguard’s recognition as a Leader in the 2026 Gartner Magic Quadrant for Software Supply Chain Security report and read a complimentary copy, visit https://get.chainguard.dev/gartnermq2026.

Gartner Disclaimer
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are a trademark of Gartner, Inc., and/or its affiliates.

About Chainguard
Chainguard is the trust layer for open source software. Its solutions provide engineers and AI agents with the hardened, trusted, and production-ready artifacts they rely on, so organizations can build fast while staying compliant and protecting against AI supply chain attacks. Customers include Fortune 500 enterprises and global industry leaders, including Anduril, Canva, Fortinet, Hewlett Packard Enterprise, OpenAI, Snap Inc., and Snowflake. Chainguard is venture-backed by leading investors, including Amplify, IVP, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Redpoint Ventures, Sequoia Capital, and Spark Capital. For more information, visit: https://www.chainguard.dev/

View original content to download multimedia:https://www.prnewswire.com/news-releases/chainguard-named-a-leader-in-inaugural-gartner-magic-quadrant-for-software-supply-chain-security-302806535.html

SOURCE Chainguard

Continue Reading

Technology

In HelloNation, Wealth Advisor Matt Cuplin Explains How Taxes Affect Retirement Income

Published

on

By

The article examines how taxes can affect retirement income from multiple sources long after employment ends.

MADISON, Wis., June 22, 2026 /PRNewswire/ — How can taxes affect the retirement income you’ve worked years to build?

HelloNation has published an article that provides the answer by explaining how different income sources may be taxed during retirement and why those tax consequences deserve careful attention.

The article features insights from Matt Cuplin of Midwest Financial Group and explains why taxation is often an overlooked part of retirement planning. While many people spend decades building savings and investments, the article notes that understanding how retirement income is taxed can be just as important as accumulating assets.

The HelloNation article explains that one of the most common sources of retirement income comes from retirement accounts. Traditional retirement accounts often provide tax advantages during working years, but retirement account withdrawals may be subject to ordinary income taxes after retirement. According to the article, many retirees are surprised by how retirement account withdrawals can influence their overall taxable income and spending power.

Another important source of retirement income discussed in the article is Social Security benefits. While some retirees assume Social Security benefits are always tax-free, the article explains that a portion of Social Security benefits may be taxable depending on income levels and individual circumstances. Because Social Security benefits often work alongside other income sources, understanding their role within a broader tax strategy is essential.

The article also highlights the importance of investment income. Retirement income may include interest, dividends, capital gains, and earnings generated from taxable accounts. Unlike retirement account withdrawals, investment income may be taxed under different rules. Understanding how investment income affects taxable income can help retirees gain a more complete view of their financial situation.

According to the article, the challenge for many retirees is that multiple income sources often work together. A retiree may receive Social Security benefits, take distributions from retirement accounts, and generate investment income simultaneously. Each source can affect taxable income differently, making tax planning an important component of effective retirement planning.

The article emphasizes that tax planning does not end when employment income stops. In many cases, retirement introduces new tax considerations that did not exist during working years. Required distributions, evolving financial goals, and changing income streams can all influence retirement income and future tax obligations.

Another key point discussed in the article is the importance of evaluating long-term outcomes. Retirement often lasts for decades, and decisions made early can affect future retirement income and tax consequences. Incorporating tax planning into retirement planning allows individuals to better understand how current decisions may influence future financial flexibility.

The article also notes that many retirees focus primarily on how much income they expect to receive rather than how much may remain after taxes. A retirement income strategy that appears sufficient before taxes can look very different once taxable income and tax liabilities are considered. Evaluating these factors together can provide a more realistic understanding of available spending power.

According to the article, every retiree’s situation is unique. Account balances, filing status, retirement accounts, investment holdings, and income sources can all affect taxable income differently. Understanding how each component contributes to retirement income helps support more informed decision-making.

The article concludes that careful attention to retirement income, retirement account withdrawals, Social Security benefits, and investment income can help retirees avoid unexpected tax surprises. By making tax planning a consistent part of retirement planning, individuals can gain greater clarity about taxable income and build a stronger foundation for long-term financial confidence.

The Hidden Tax Risks of Retirement Income features insights from Matt Cuplin, Wealth Advisor of Madison, WI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-wealth-advisor-matt-cuplin-explains-how-taxes-affect-retirement-income-302806557.html

SOURCE HelloNation

Continue Reading

Trending