Report predicts 4.14 percent GaAs Devices Market growth
Research and Markets has released a new report that forecasts the GaAs devices market will grow at a CAGR of 4.14 percent during 2016-2020.
According to "˜Global Gallium Arsenide (GaAs) Devices Market 2016-2020', shipments of smartphones will reach more than 2 billion units by 2020 due to the availability of low-cost smartphones in emerging markets such as China and India and increasing internet penetration worldwide. This is a significant increase from around 1.4 billion units in 2015. The growth in the shipments of smartphones will drive the demand for GaAs devices used in mobile handsets, particularly GaAs power amplifiers.
Market vendors are expected to expand their business, improve their market share, and gain access to new technologies through strategic alliances, collaborations, mergers, and acquisitions.
Further, the report states that the availability of alternative devices is a major challenge faced by the market.
