The gallium market is poised for rapid growth, driven by demand for GaAs & GaN in 5G, defense, EVs, and renewable energy, expanding at a 24.5% CAGR

Gallium Market Report is Segmented by Product Type (Transistors, Diodes, Rectifiers, Power ICs, Others), End-Use Industry (Automotive, Consumer Electronics, Defense and Aerospace, Industrial and Power, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Volume (Tons) for all the Above Segments.

The Gallium Market is projected to grow at 22.7% CAGR, reaching $6.6 Billion by 2029. Where is the industry heading next? Get the sample report now!

The size of the Gallium Market was valued at USD 26.9 million in 2023 and is projected to reach USD 43.20 million by 2032, with an expected CAGR of 7.0 % during the forecast period. Gallium market is experiencing significant growth because of its critical applications in many high-tech applications. Among those, the most notable is in electronics, renewable energy, and advanced technologies. This metal is soft, and yet it is used for semiconductor production, solar cells, and LEDs (light-emitting diodes) because gallium is used as compounds such as gallium arsenide (GaAs). The increasing demand for energy-efficient lighting and the development of the solar power industry are substantially driving the market. The growth in electric vehicles further supports the market, since gallium-based semiconductors are used in the power electronics and charging systems. Gallium is critical in 5G technology, as it is used to develop components for high-frequency devices. Despite challenges such as limited natural resources and supply chain constraints, the gallium market is poised for growth because of technological advancements, increased demand for electronic devices, and the shift to renewable energy sources. Recent developments include: In May 2024, U.S.-based Guerrilla RF finalized the acquisition of Singapore-based Gallium Semiconductor to own assets of the latter’s GaN power amplifiers and front-end modules. Hence, Guerilla aims to strengthen its presence in areas of wireless infrastructure, military, and satellite communications applications. , In March 2023, Germany-based Infineon Technologies AG announced that they would acquire Canada-based GaN Systems for a transaction value of USD 830 million. This deal will significantly strengthen the former’s presence in the GaN end-use market. .

Gallium decreased 250 CNY/Kg or 12.05% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Gallium.

The China gallium price for Q4 2023 in December was 415169 USD/MT. It encompasses an in-depth review of spot price of gallium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of gallium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The size and share of the market is categorized based on Type (Trimethyl Gallium (TMGa), Trimethyl Aluminum (TMA), Trimethyl Indium (TMIn), Triethyl Gallium (TEGa), C2Mg2) and Application (illumination, Display technology, Photonics, Inspection/Spectroscopy, Pathogen) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Gallium Nitride Semiconductor Devices Market size & share estimated to surpass USD 12,187.4 million by 2032, to grow at a CAGR of 23.7% during the forecast period.

The price of gallium increased drastically as of January 2024 compared to January prices in previous years, at 755.80 U.S. dollars per kilogram, compared to 640.80 U.S. dollars per kilogram in January 2023. During the period of consideration, the lowest gallium price was in January 2018, at 274 U.S. dollars per kilogram.

The size and share of the market is categorized based on Type (4N Gallium (99.99% purity), 5N Gallium (99.999% purity), 6N Gallium (99.9999% purity)) and Application (Semiconductor manufacturing, LED production, Solar cells) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Gallium market size 2025 was XX Million. Gallium Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The market value of gallium nitride substrates worldwide are expected to increase considerably between 2018 and 2029. The substrate gallium nitride on silicon (GaN-on-Si) is forecast to increase from 21 million U.S. dollars in 2018 to 186 million U.S. dollars in 2029 at a compound annual growth rate of 22.09 percent during that timeframe.

Power devices and power electronics in the semiconductor industry are the primary applications for these materials.

The gallium nitride (GaN) powder market is experiencing robust growth, driven by the increasing demand for high-performance semiconductors and advanced lighting applications. The market, valued at approximately $250 million in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key factors. The burgeoning semiconductor industry, particularly in power electronics and 5G infrastructure, is a major driver, as GaN's superior performance characteristics—high electron mobility and breakdown voltage—make it ideal for high-frequency, high-power applications. Furthermore, the growing adoption of GaN-based LEDs in lighting solutions contributes to market growth. The market is segmented by purity level (3N, 4N, 5N, and others) and application (semiconductor materials, phosphor raw materials, and others). The higher purity grades (4N and 5N) command premium prices due to their enhanced performance in sophisticated applications. Geographically, Asia-Pacific, particularly China and Japan, currently holds the largest market share due to strong manufacturing bases and technological advancements in the electronics industry; however, North America and Europe are expected to experience substantial growth driven by increasing investments in R&D and the adoption of advanced technologies. Despite the positive growth outlook, the GaN powder market faces some challenges. The relatively high cost of production compared to alternative materials remains a restraint. Furthermore, the market is characterized by a high degree of technological complexity, requiring significant investment in research and development. The availability of raw materials and skilled labor also influences market dynamics. However, ongoing technological advancements, increasing government support for research and development, and the rising adoption of GaN in various applications are likely to mitigate these challenges in the coming years. Key players in the market, including Stanford Advanced Materials, Nippon Rare Metal, and Tanki New Materials, are actively investing in expanding production capacity and developing new technologies to meet the growing demand. The competitive landscape is dynamic, characterized by both established players and emerging companies, fostering innovation and driving further market expansion.

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Gallium Arsenide Components Market Size 2024-2028

The gallium arsenide components market size is forecast to increase by USD 3.52 billion at a CAGR of 6.3% between 2023 and 2028. The market's expansion hinges on several factors, including the escalating adoption of smartphones and tablets, heightened data demand, and accelerated product replacement cycles alongside increased design intricacies. Challenges like the availability of alternative devices, a slowdown in smartphone sector growth, and high production costs impede growth. These dynamics underscore the market's reliance on technological advancements and consumer preferences, driving innovation and competition among manufacturers. However, the industry grapples with the need to address consumer affordability concerns amidst rising production expenses and shifting market dynamics. Balancing these factors is crucial for sustained growth and market resilience, necessitating agile strategies to navigate challenges and capitalize on emerging opportunities in the rapidly evolving landscape of mobile technology. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018-2022.

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The Gallium Arsenide (GaAs) components market encompasses a range of optoelectronic devices and semiconductor ICs, including Laser Diodes, Light Emitting Diodes, Power Amplifiers, Low Noise Amplifiers, Filters and Duplexers, RF Semiconductor Mixers, Switches, and various other frequency control components. These components find extensive applications in the Aerospace Industry, Electronics Industry, and Communications Industry, particularly in the development of 5G Networks and 5G Base Station for Wireless Communication systems. GaAs, a semiconductor material, is preferred for its superior electrical and optical properties. VGF Technology, Indium, and Phosphorus are essential elements in the fabrication of GaAs components. Plasma Etching is a critical process used in the manufacturing of these components to achieve precise dimensions and high-quality surfaces.

Moreover, the GaAs components market is driven by the increasing demand for high-frequency, low-noise, and high-power amplifiers in various applications, including telecommunication, satellite communication, and military radar systems. The market is expected to grow significantly due to the ongoing advancements in 5G Cellular Network technology and the increasing adoption of GaAs-based components in Microwave Integrated Circuits.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  LEC grown GaAs
  VGF grown GaAs


Application

  Mobile devices
  Wireless communication
  Others


Geography

  APAC

    China
    India
    South Korea


  North America

    US


  Europe



  South America



  Middle East and Africa

By Type Insights

The LEC grown gaas segment is estimated to witness significant growth during the forecast period. The Gallium Arsenide (GaAs) components market is driven by the increasing demand from the electronics, communications, and aerospace industries. GaAs is primarily used in the production of Laser Diodes, Light Emitting Diodes, and optoelectronic devices due to its superior properties. In the electronics industry, GaAs is utilized in the manufacturing of Microwave Integrated Circuits, Semiconductor ICs, and VGF Technology. In the communications industry, GaAs RF semiconductors are employed in power amplifiers, low noise amplifiers, filters and duplexers, RF mixers, switches, and other components for 5G networks and wireless communication. The aerospace industry uses GaAs in radar systems, electronic warfare, and satellite communication.

Also, GaAs components are also used in consumer devices such as smartphones for power amplifiers and switches, and in IoT devices and community antenna television. The semiconductor manufacturing process involves plasma etching and the use of indium and phosphorus. Strategic collaborations among key players continue to drive innovation and growth in the GaAs components market. Operating at frequencies with various voltages and wafer sizes, GaAs components play a crucial role in telecommunication and 5G cellular networks.

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The LEC grown GaAs segment was valued at USD 3.79 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 79% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market

The Indium Gallium Zinc Oxide Market Report is Segmented by Application (Smartphones, Wearable Devices, Wall-Mounted Displays, Televisions, Tablets, Notebooks, and Laptops, and Other Applications), End User (Automotive, Consumer Electronics, Healthcare, Industrial, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global high-purity metal gallium market is experiencing robust growth, driven by increasing demand from the electronics and semiconductor industries. The market, currently valued at approximately $1.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This significant expansion is primarily fueled by the burgeoning semiconductor industry, particularly in the fabrication of advanced integrated circuits and light-emitting diodes (LEDs), where gallium is a crucial component. The solar cell sector is also contributing significantly to market growth, with the rising adoption of renewable energy technologies driving demand for gallium-based solar cells. Furthermore, advancements in high-purity gallium production techniques are leading to increased availability and affordability, further boosting market expansion. The market is segmented by purity level (4N-7N and above 7N) and application (electronics & semiconductors, solar cells, and others). While the electronics and semiconductor segment currently dominates, the solar cell application is expected to witness substantial growth in the coming years. Key players like CMK, AXT, DOWA Electronics Materials, and 5N Plus are shaping the competitive landscape through technological innovation and strategic partnerships. However, the market also faces certain restraints, including the inherent volatility of raw material prices and geopolitical factors affecting supply chains. Despite these challenges, the long-term outlook for the high-purity metal gallium market remains positive, fueled by continued technological advancements and the expanding global demand for electronics, semiconductors, and renewable energy solutions. The regional breakdown shows a strong presence in North America and Asia-Pacific, with China and the United States being major consumers. Europe and other regions are also witnessing increasing adoption, leading to a geographically diverse market. The forecast period of 2025-2033 indicates a substantial increase in market size, reaching an estimated $2.5 billion by 2033, reflecting the market's strong growth trajectory.

The market size of the Gallium Market is categorized based on Application (Semiconductor industry, Solar industry, Magnetic material industry, Petroleum industry catalyst, Medical device field, New materials research and te) and Product (Primary gallium, Secondary gallium) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

Q1 2024 In Q1 2024, the global gallium market witnessed a synchronized upward trend across major regions, driven by robust demand in high-tech industries. In China, gallium prices surged due to increased production of semiconductor components for 5G and renewable…

Aluminum Gallium Arsenide Market is expected to reach a CAGR of 10.2% By 2031: DataM Intelligence

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Gallium Oxide Market Size 2024-2028

The gallium oxide (Ga2O3) market size is forecast to increase by USD 119.344 th at a CAGR of 43.61% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for high-power-density devices in various industries, including telecommunications, automotive, and power electronics. This trend is driving investments in advanced semiconductor materials by companies to meet the growing demand for more efficient and reliable components. However, the high production cost of Ga2O3-based semiconductors remains a challenge for market growth. Despite this, the market is expected to expand at a steady pace due to the unique properties of Ga2O3, such as its wide bandgap, high breakdown voltage, and excellent thermal stability, making it an ideal material for power electronics applications. Additionally, ongoing research and development efforts are aimed at reducing production costs and improving manufacturing processes to make Ga2O3 semiconductors more cost-effective and accessible to a wider range of applications.

What will be the Size of the Market During the Forecast Period?

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Gallium Oxide (Ga2O3), a chemical compound with the molecular formula Ga2O3 and a band gap of approximately 4.8 eV, is gaining significant attention In the semiconductor industry due to its unique properties. Ga2O3 is used in various applications, including phosphors, cathodes, piezoelectric crystals, and sputtering targets. In the field of electronics, Ga2O3 is used In the production of solar-blind photodetectors, power electronic devices, memory chips, commodity integrated circuits, microprocessors, and electroluminescent devices. Ga2O3 is also used In the production of gas sensors and is synthesized using techniques such as Molecular Beam Epitaxy (MBE), Chemical Vapour Deposition (CVD), and Chemical Synthesis.
The Ga2O3 market is expected to grow due to its increasing usage In the semiconductor industry. Its high voltage and resistance features make it an ideal material for power electronic devices, while its ability to form stable oxides makes it suitable for use in cathodes and piezoelectric crystals. The Ga2O3 market is expected to witness significant growth In the coming years due to its increasing usage in various applications. The Ga2O3 market is driven by the growing demand for high-performance semiconductor devices and the increasing adoption of Ga2O3 in various industries, including automotive, healthcare, and consumer electronics.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'Thousand' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Beta-gallium oxide
  Alpha-gallium oxide


Application

  Power and high voltage devices
  Electroluminescent devices
  Gas sensors
  Others


Geography

  APAC

    China
    Japan
    South Korea


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Type Insights

The beta-gallium oxide segment is estimated to witness significant growth during the forecast period.

Beta-gallium oxide, the most thermodynamically stable phase of gallium oxide, is gaining significant attention In the semiconductor industry due to its superior material properties. This phase transforms other gallium oxide phases into itself when heated to a specific temperature. The large bandgap of over 4.5 eV makes beta-gallium oxide a promising material for power-switching applications. Its critical electric-field strength is much higher than that of silicon carbide and gallium nitride, making it an attractive alternative for power electronics in data centers, electric vehicles, and renewable energy systems. Moreover, beta-gallium oxide is also used In the production of phosphors, cathodes, piezoelectric crystals, sputtering targets, solar-blind photodetectors, and electroluminescent devices.

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The beta-gallium oxide segment was valued at USD 6,142.10 in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In 2022, the Asia Pacific region held a significant share of the global gallium oxide market, driven by the expanding usage of gallium oxide components in various industries. The automotive electronics sector's growing demand for high-performance power devices, such as ga