GaAs wafer market to grow at 54% a year

The overall GaAs bulk wafer market is projected to grow by 54% through to 2008, according to a report from Strategy Analytics. The market is expected to grow following major upgrades to 6'' wafers at some of the world's leading GaAs device companies. Japan and North America continue to host captive production of bulk wafers, which accounted for 13% of the total market in 2003. The total world merchant market for GaAs bulk wafers market increased in area by 33% in 2003