The analysts forecast the Global Gallium and Arsenic (GaAs) Device market to grow at a CAGR of 3.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing global adoption of smartphones. The Global GaAs Device market has also been witnessing an increasing number of collaborations among GaAs device manufacturers. However, increasing threat from alternate technologies could pose a challenge to the growth of this market.
Mr Willetts was in Oxfordshire to launch a major initiative promoting the county as a centre for scientific excellence and innovative technology, and took the opportunity to visit one of the UK’s leading businesses that is supporting the growth in nanotechnology based research and product manufacture. Oxford Instruments was the first commercial spin-out from Oxford University in 1959 and has a worldwide reputation for its innovative, high-technology tools and systems.
Veeco Instruments announced today that the University of Nottingham, United Kingdom, purchased two GENxplor™ R&D Molecular Beam Epitaxy (MBE) Systems for its School of Physics and Astronomy. The systems will enable the growth of high quality, large area layers of graphene and boron nitride for advanced electronic and optoelectronic applications.
The market research firm says 2012 gallium arsenide device revenues hit $5.3 billion with additional growth anticipated in the immediate future. On the down side, a weak demand for MBE, and particularly MOCVD grown GaAs epitaxial substrates will adversely affect the device market in the longer term