BOSTON, Oct. 8, 2015 /PRNewswire/ -- Driven by increasing GaAs content in cellular terminals, the GaAs device market experienced another year of record revenues. The recently released Strategy Analytics Advanced Semiconductor Applications (ASA) spreadsheet model and Forecast and Outlook report, "GaAs Device Forecast and Outlook: 2014 - 2019", forecasts that GaAs device revenue will break the $7 billion barrier this year and surpass $8 billion before the end of the forecast period. The report states that GaAs device revenue will grow, even though price erosion and competitive technologies will slow the growth rates.
Click here for the report: GaAs Device Forecast and Outlook: 2014 - 2019
The report concludes:
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Eric Higham, Service Director, Advanced Semiconductor Applications commented: "Despite continuing concern in some quarters about the future of GaAs devices, the market saw its second consecutive year of double-digit growth. Other technologies are capturing market share, but evolving device and network architectures need increasing GaAs content and this is offsetting some of the share loss."
Asif Anwar, Director in the Strategic Technologies Practice added: "Defense systems, particular in radar, communications and EW applications still rely on the performance of GaAs devices. We anticipate these segments will continue to fuel GaAs revenue growth."
About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com
US Contact: Eric Higham, +1 617 614 0721, ehigham@strategyanalytics.com
European Contact: Asif Anwar, +44(0) 1908 423 635, aanwar@strategyanalytics.com
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