BOSTON, Oct. 1, 2013 /PRNewswire/ -- A strong close to 2012 allowed the GaAs device market to eke out a small gain and post record revenue for the year. This growth was primarily the result of the cellular segment, as most other segments for GaAs devices were flat or declining for the year. The recently released Strategy Analytics GaAs and Compound Semiconductor Technologies Service (GaAs) Forecast and Outlook, "GaAs Industry Forecast: 2012-2017", reports the overall GaAs device market grew by roughly 2 percent to close 2012 with slightly more than $5.3 billion of revenue. The report also forecasts above average growth for the GaAs device market in the next two years, followed by slowing cellular demand that will pull the growth rate below historical averages. The result of these trends will be revenues slightly less than $6.1 billion in 2017.
"The GaAs market closed 2012 with strong growth and we have seen a continuation of that trend so far in 2013," noted Eric Higham, Director of the Strategy Analytics GaAs and Compound Semiconductor Technologies Service (GaAs). "We anticipate 2013 and 2014 will see growth above historical averages as demand for cellular applications, particularly power amplifiers picks up. Unfortunately, we believe this will be short-lived as competitive technologies and new architectures combine to capture market share and slow the growth of GaAs devices."
Asif Anwar, Director in the Strategy Analytics Strategic Technologies Practice (STP) added, "Silicon-based technologies, particularly CMOS and the trend toward multi-band power amplifiers will put a damper on the growth of GaAs device revenue."
The Strategy Analytics forecast segments the GaAs device market by application, device type, process, geography and frequency. The report also addresses results, trends and forecasts for the semi-insulating GaAs bulk substrate and semi-insulating GaAs epitaxial substrate markets that make up starting point for the GaAs device supply chain.
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SOURCE Strategy Analytics