Gallium arsenide components gallium arsenide semiconductors indium phosphide, gallium nitride, and silicon carbide related nest generation semiconductors support 5G communications. Next generation GaAs semiconductors promise to bring a huge market. They replace silicon semiconductors. Next-generation GaAs support the signal speeds that are needed to implement 5G. The potential for the next generation GaAs wafers is staggering. As economies of scale are realized, GaAs markets really take off. The gallium arsenide wafers are next-generation technology because they operate faster than silicon semiconductors, they support a new, faster network. Gallium arsenide GaAs has a considerably higher bandgap than silicon. It is a direct band gap semiconductor with a zinc blend crystal structure. Sensing for autonomous and electric vehicles is one use of the technology. 3D Sensing for consumer electronics and use for lasers is common. Units are used in radar and lasers. The market research study provides insight into market driving forces, assessment of market opportunities, market share analysis, and market forecasts.