LONDON – The global market for GaAs devices was $4.9 billion in 2010, up 32 percent on 2009, according to market research firm Strategy Analytics.
Strategy Analytics believes the adoption of smartphones and data-centric networks will also drive growth in the GaAs market in 2011 and 2012 and on to reach nearly $6.1 billion in 2014.
That translates in to 5.5 percent annual compound growth rate that, if followed consistently would put the 2011 market at about $5.2 billion and 2012 at about $5.45 billion.
In 2010 revenue at leading GaAs suppliers RFMD, Skyworks, TriQuint, Avago Technologies, Hittite and Anadigics grew at between 24 to 52 percent. The companies saw a strong upward trend in quarterly revenues throughout the year.
"The rapid adoption of sophisticated multi-band, multi-mode smartphones is increasing the demand for GaAs power amplifiers, which is driving the entire GaAs device market," noted Eric Higham, director of compound semiconductor research at Strategy Analytics, in a statement.