Abstract
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RF electronics currently fuels the GaAs wafer market...
But LEDs will rapidly lead the growth GaAs
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DESCRIPTION
GaAs wafer market should represent a business of $650M+ by 2017
After the large recovery growth from 2009, GaAs substrate market has slowed
sharply in 2011 due to weak demand in RF circuits (handsets and WLANs) and in
optoelectronics (LEDs and laser diodes).
From a growth rate of +22% achieved in 2010, the GaAs substrate market has
only increased by +4% in 2011, reaching a value of nearly $360M.
However, the market is expected to recover in 2012, driven by:
- The sheer volume of the handset market;
- The consolidation of the LED industry (balance of capacity).
Hence, GaAs substrate market should reach a business of $650M+ by 2017 at a
CAGR of nearly +11% (Figure 1), fuelled primarily by:
- Increasing GaAs content in handsets;
- Increasing penetration of LEDs in General Lighting and Automotive
applications.
GaAs Wafer Market (Volume) - Split by Type of Substrate
Figure 1: GaAs Wafer Market Volume (2009-2017)
Initially, RF electronics (power amplifiers, switches...) represented the main
market for GaAs wafer and will continue to feed the business for the next
years with the development of sophisticated smartphones, the development of
3G/4G networks and the increased demand for data communication.
But recently, the development of new GaAs based devices is enlarging the
market with associated high volume applications. LEDs represent such devices
and are currently booming due to advantages offered over traditional light
sources. Other devices such as solar cells for High Concentration PhotoVoltaic
(HCPV) will also add to the development of the GaAs substrate market, but to a
lesser degree.
The report presents all applications of GaAs wafer and associated market
metrics, detailing:
- GaAs based devices, specific requirements (type of substrate,
characteristics, performance), associated market drivers & challenges...
- GaAs wafer market size (M$) & volume (Msi and wafer units) with split by
type of substrate (SI GaAs vs. SC GaAs), split by wafer size, split by
geography, split by application, revenues by actors, trends until 2017 (ASP,
wafer size, volume & market size)...
Boosted by LEDs, SC GaAs substrate should lead growth of the GaAs for the next years
In 2011, the Semi-Insulating (SI) GaAs substrate market represented ~56% (M$)
of the overall GaAs substrate market whereas Semi-Conductive (SC) GaAs counted
for ~44% (M$). This trend is likely to reverse at short term as GaAs substrate
demand for LEDs should rapidly surpass demand for RF electronics devices
(Figure 1).
In 2011, the Semi-Insulating (SI) GaAs substrate market represented ~56% (M$)
of the overall GaAs substrate market whereas Semi-Conductive (SC) GaAs counted
for ~44% (M$). This trend is likely to reverse at short term as GaAs substrate
demand for LEDs should rapidly surpass demand for RF electronics devices
(Figure 2).
Figure 2: Market share (M$) of SI GaAs and SC GaAs (2011 & 2017)
Globally, LED penetration rate is increasing in several applications such as
TV, Signs & Displays (...). General Lighting is the next killer application
for LEDs and should boost the SC GaAs substrate market by 2012- 2013 if
fundamental technology improvements are achieved to improve LED efficiency and
increase the total amount of light generated per package. Moreover, the
automotive industry is also shifting from the use of traditional light sources
to LEDs for products such as headlamps and interior lights.
In that context, SC GaAs substrate volumes are likely to equal SI GaAs
substrate volumes by 2013 due to steady growth of the RF electronics market
compared to booming growth of optoelectronic market.
The 2011 Japan earthquake has shifted part of revenues of some Japanese players to their competitors
The 2011 earthquake/tsunami have damaged several Japanese manufacturing plants
and strongly impacted production capacity of some key GaAs substrate suppliers
who lost market shares to the profit of some competitors (Figure 3).
Figure 3: GaAs wafer market (M$) - Split by players (2010 & 2011)
Whether these companies will invest to recover operations, reduce operations
or exit the business is still unclear... But the GaAs wafer industry is
evolving and some players have already announced plant expansion in order to
gain market share and prepare future growth of the market. At this level, due
to its lower labor cost, China seems the new “El Dorado” of GaAs
wafer manufacturing: all expansions plans announced will be localized in the
country.
The report details GaAs wafer industry, detailing: profile of main players &
associated strategies, industrial value chain in 2011, revenues & market
shares of key players...
Index of companies mentioned in the report :
Anadigic, Avago, AWSC, AXT, CCT, Century Epitech, Dowa, Epiworks, Freiberger
Compound Materials, GCS, Hitachi Cable, Hittite Microwave, IntelliEPI, Kopin,
M/A-Com, Mimix Broadband, Mitsubishi Chemical, Mitsubishi Electric,
NeoSemitech, OMMIC, QE, RFMD, Skyworks, Soitec, Sumika, Sumitomo, Electric
Device Innovation, Sumitomo Electric Industries, TriQuint, UMS, VPEC, Win
Semi, Xiamen Powerway...
BENEFITS
Who should buy the report:
- GaAs wafer manufacturer
- Detailed analysis of 2011 GaAs wafer market (revenues of key players,
market shares, key facts...).
- Complete forecast of GaAs wafer market size (M$) and volume (Msi/wafer
unit) until 2017 with split by type of substrate (SI vs.SC), by geography,
by wafer size, by application...
- Analysis of key applications that will lead GaAs wafer market growth
until 2017.
- GaAs epiwafer manufacturer / GaAs device & component manufacturer:
- Analysis of GaAs wafer market trends until 2017 (potential wafer
market...) with leading suppliers...
- New players / New entrants:
- Detailed analysis of GaAs wafer market and future trends.
BIO
Pars MUKISH holds a master degree in Materials Science & Polymers and a
master degree in Innovation & Technology Management (EM Lyon - France). He
works at Yole Devéloppement as Market and Technology Analyst in the fields of
LED, Lighting Technologies and Compound Semiconductors to carry out technical,
economic and marketing analysis. Previously, he has worked as Marketing &
Techno-Economic Analyst at the CEA (French Research Center).
Brad SMITH has 30 years industry experience in both optical and
semiconductors in marketing, business development and market research. He was
president and cofounder of 3 semiconductor companies; Nexgen, sold to AMD and
is now the microprocessor line and LuxSonar Semiconductors sold to Cirrus
Logic for $65M. Market research experience at LightCounting, RHK, Gartner and
Dataquest.
ABOUT YOLE DEVÉLOPPEMENT
Beginning in 1998 with Yole Devéloppement, we have grown to become a
group of companies providing market research, technology analysis, strategy
consulting, media in addition to finance services. With a solid focus on
emerging applications using silicon and/or micro manufacturing Yole
Devéloppement group has expanded to include more than 50 associates
worldwide covering MEMS, Microfluidics & Medical, Advanced Packaging, Compound
Semiconductors, Power Electronics, LED, and Photovoltaic.
Table of Contents
Table of Content
Objectives of the Report
Glossary
Executive Summary
GaAs Overview
- GaAs In the Spectrum of Compound Semiconductors
- GaAs Compound Semiconductor Material - Introduction
- Why GaAs Technology Important?
- Properties of GaAs - Main Advantages of GaAs
- Properties of GaAs - Silicon Advantages Over GaAs
- GaAs Wafer Types - Semi-Insulating (SI) vs. Semi-Conducting (SC)
- Main Applications of GaAs Based Devices
- GaAs Value Chain & Position of Key Players
GaAs Substrate Market
- Overall GaAs Substrate Market
- 2009-2011 GaAs Substrate Market (M$)- Overall Market Size
- 2009-2011 GaAs Substrate Market (M$) - Split by Type of GaAs Substrate
- 2011 GaAs Substrate Market (M$) - Split by Actors
- Analysis of GaAs Substrate Suppliers - 2009-2011 Revenues & Ranking
- 2011 GaAs Substrate Market (M$) - Split by Origin of Actors
- Conclusion
- Semi-Insulating GaAs Substrate Market
- 2009-2011 SI GaAs Substrate Market (M$) - Overall Market Size
- 2009-2011 SI GaAs Substrate Market (M$) - Split by Application
- 2011 SI GaAs Substrate Market (M$) - Split by Actors
- Analysis of SI GaAs Substrate Suppliers - 2009-2011 Revenues &
- 2009-2011 SI GaAs Substrate Market (M$) - Split by Origin of Actors
- Conclusion
- Semi-Conductive GaAs Substrate Market
- 2009-2011 SC GaAs Substrate Market (M$) - Overall Market Size
- 2009-2011 SC GaAs Substrate Market (M$) - Split by Application
- 2011 SI GaAs Substrate Market (M$) - Split by Actors
- Analysis of SC GaAs Substrate Suppliers - 2009-2011 Revenues & Ranking
- 2009-2011 SC GaAs Substrate Market (M$) - Split by Origin of Actors
- Conclusion
- Analysis of GaAs Substrate Applications
- Analysis of SI GaAs Substrate Applications
- Analysis of SC GaAs Substrate Applications
- GaAs Substrate Market Trends (2012-2017)
- 2012-2017 GaAs Substrate Market (M$) - Overall GaAs Market
- 2012-2017 GaAs Substrate Market (M$) - Split by Type of GaAs Substrate
- 2012-2017 GaAs Substrate Market (M$) - Split by Application
- 2012-2017 SI GaAs Substrate Market (M$) - Split by Application
- 2012-2017 SC GaAs Substrate Market (M$) - Split by Application
- 2012-2017 GaAs Substrate Market (Msi) - Overall GaAs Market
- 2012-2017 GaAs Substrate Market (Msi) - Split by Type of GaAs Substrate
- 2012-2017 GaAs Substrate Market (Msi) - Split by Application
- 2012-2017 SI GaAs Substrate Market (Msi) - Split by Application
- 2012-2017 SC GaAs Substrate Market (Msi) - Split by Application
- 2012-2017 GaAs Substrate Market (Wafer Units) - Overall GaAs Market
- 2012-2017 GaAs Substrate Market (Wafer Units) - Split by Type of
Substrate
- 2012-2017 GaAs Substrate Market (Wafer Units) - Split by Application
- 2012-2017 GaAs Substrate Market (Wafer Units) - Split by Wafer Size
- 2012-2017 SI GaAs Substrate Market (Wafer Units) - Split by Application
- 2012-2017 SI GaAs Substrate Market (Wafer Units) - Split by Wafer Size
- 2012-2017 SI GaAs Substrate ASP ($) - Split by Wafer Size
- 2012-2017 SC GaAs Substrate Market (Wafer Units) - Split by Application
- 2012-2017 SC GaAs Substrate Market (Wafer Units) - Split by Wafer Size
- 2012-2017 SC GaAs Substrate ASP ($) - Split by Wafer Size
- Conclusion
GaAs Substrate Manufacturing
- Introduction - The “Black Arts” of GaAs Manufacturing
- GaAs Manufacturing Process Flow - From Raw Materials to Epiready Wafers
- Raw Materials - Gallium (Ga), Arsenic (As)...
- GaAs Ingot Manufacturing Methods
- Bridgeman Method - Vertical Growth Freeze (VGF)
- Czochralski Method - Liquid Encapsulated Czochralski (LEC)
- Bridgeman (VGF) vs. Czochralski (LEC) - Comparison
- Poly-Crystalline Ingot Manufacturing
- Mono-Crystalline Ingot Manufacturing - Using VGF
- Finished Wafer Manufacturing
- Wafer Backside Thinning - RF Circuits Requirement (SC GaAs)
- GaAs Wafer Defects
- Epitaxy Growth
- REACH - Threat making European GaAs Manufacturing Industry Dead
- GaAs Wafer Suppliers Overview - The Move to China
- Conclusion
Semi-Insulating GaAs Applications
- What is Semi-Insulating GaAs?
- Why Use Semi-Insulating GaAs?
- SI GaAs Applications - Introduction (1/2)
- SI GaAs Applications - Overview
- SI GaAs vs. Other Semiconductor Materials - Key advantages of GaAs-based
devices
- SI GaAs vs. Other Semiconductor Materials - Main Technical Challenges of
SI GaAs
- SI GaAs vs. Other Semiconductor Materials - Potential Threats
- 2011 SI GaAs Market Breakdown by Application
- RF & Wireless - Applications by Frequency Range and Devices
- Cellular RF Trends
- WiFi & Wireless LAN Trends
- Other Applications Trends: CATV, Radar...
- Global Trends: Wireless Everything! - All need GaAs Radios
- RF Applications & Wafer Sizes
- Increasing GaAs Content: Legacy + New Radios
- >40 Different Radio Bands Needed for LTE 4G
- 5 Major Transistor Types with 50+ Variants
- HEMT Transistors
- HEMT & FET Transistors
- Antenna Switches - Introduction
- Antenna Switches - Comparison of Switch Technologies
- Packaging Issues
- SI GaAs Content in Smartphones - Focus on “older” Apple iPhone
3GS (3G + WiFi)
- SI GaAs Content in Smartphones - Focus on Apple iPhone 4S (3G + WiFi)
- SI GaAs Content in Smartphones - iPhone 3GS vs. iPhone 4S
- SI GaAs Content in Tablets - Focus on Apple iPad2 (3G + WiFi)
- SI GaAs Content in Smartphones & Tablets - Converging Radios and
Architectures for Apple iPad & iPhone
- SI GaAs Content in Smartphones & Tablets - Cost Analysis
- Example of Smartphone Radio sections
- Wafer Defects - Why are they so Important?
- Wafer Defects - Focus on RF Transistors
- Wafer Defects - Comparison of SI & SC Devices
- Market Drivers for RF applications - Cellular
- Market Drivers for RF applications - WiFi
- Emerging Applications - Smart Grid
- Typical GaAs Opportunity - SI GaAs Content in Handsets
- Typical GaAs Opportunity - SI GaAs Content in WLAN
- Specificities of RF Wafer Business
- Threats to GaAs SI for RF Applications
- RF Device Makers - Recent Consolidation Activities
Semi-Conductive GaAs Applications
- SC GaAs Applications: Overview
- SC GaAs Application: LEDs
- LED Market Segments - Overview
- The different types of LEDs
- LEDs Revenues by Application
- Substrate Surface by Material Type
- LED Device Segmentation
- LED Manufacturing -Overall Value Chain
- LED Manufacturing - Substrate Level
- LED Manufacturing - Yields
- GaAs based LEDs - Type of Devices & Associated Applications
- Signals/Emergency Lights
- Automotive - Interior
- Automotive - Exterior
- Automotive - LEDs Adoption Rate
- General Lighting - Market Segments & Technical Requirements
- General Lighting - Benefits & Promises of LEDs
- General Lighting - LEDs Adoption - Drivers & Stoppers
- GaAs based LEDs - Main Technical Challenges
- GaAs based LEDs - Substrate Removal
- Conclusions
- SC GaAs Application: Laser Diodes
- Introduction
- Applications & Type of Devices
- GaAs Laser Applications - VCSEL, Pump, Seed, Cutting and Welding Lasers
- Applications as Function of the Power
- Main Technical Challenges
- Devices Structure & Manufacturing
- Composition & Wavelengths - Application determines the Epitaxial Layer
- GaAs Laser Applications - Details on Consumer & Optical Storage
- GaAs Laser Applications - Details on Telecom & Datacom Lasers
- GaAs Laser Applications - Details on Medical & Industrial Lasers
- GaAs Laser Applications - Details on Cutting & Processing Applications
- GaAs Laser Applications - Details on Telecom/Datacom Optical
Communications Applications
- GaAs Laser Applications - Details on Power Electronic Application -
Market Opportunities
- Conclusions
- SC GaAs Application: HCPV
- Introduction
- Market Barriers
- Ge/GaAs Solar Market Landscape
- GaAs vs. Si
- Overview HCPV System Components & Construction
- Focus on Germanium wafers
- GaAs wafer as future alternative to Ge wafer ?
- Conclusions
General Conclusion
Company Profiles
- AXT, CCT, Dowa, Freiberger (FCM), Hitachi Cable, Mitsubishi, NeosemiTech,
Sumitomo (SEI), Xiamen Powerway
Appendix
