According to the global epitaxial wafer market report by IMARC Group, the market reached a value of US$ 2.81 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.49 Billion by 2027, exhibiting a CAGR of 11.60% during 2022-2027.
What is Epitaxial Wafer? How Big is Epitaxial Wafer Market?
The epitaxial wafer, or epi wafer, refers to a layer of epitaxial silicon single crystal deposited on a single crystal silicon wafer. It is utilized in integrated circuit (IC) substrates, such as bipolar and metal oxide semiconductor (MOS) and diode and transistor elements. It helps control doping profiles that are not attainable with traditional methods, such as diffusion and ion implantation. It is also used in energy-saving of various power-sourced items and power devices. As a result, epitaxial wafer finds extensive applications in gaming consoles, laptops, tablets, light-emitting diodes (LEDs), gyroscopes, and smartphones.
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Market Trends and Drivers:
The global epitaxial wafer market is primarily driven by the increasing product demand in consumer electronics for micro-electromechanical systems (MEMS) devices and higher electron mobility. Moreover, the surging adoption of the internet of things (IoT) in epitaxial wafers due to their advanced applications is another major growth-inducing factor. Additionally, there is a significant rise in the demand for epitaxial wafers in the automotive industry for tracking and controlling temperature, pressure, flow, and level through robots. In line with this, the expanding automotive sector and the rising sales of self-driving trucks and electric vehicles (EVs) have catalyzed market growth.
Besides this, the governments of several countries are introducing favorable policies to encourage the usage of LEDs, which has augmented the product demand. Other factors, including the growing consumer awareness about green technology, rising focus on reducing electricity consumption, and increasing applications of global positioning systems (GPS), are also anticipated to drive the market further.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Epitaxial Wafer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Electronics And Materials Corporation Limited
- Epistar Corporation
- GlobalWafers (Sino-American Silicon)
- II-VI Incorporated
- IntelliEPI
- IQE PLC
- Jenoptic AG
- Nichia Corporation
- Showa Denko K. K.
- Silicon Valley Microelectronics Inc.
- Siltronic AG (Wacker Chemie AG)
- Sumco Corporation.
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The report has segmented the market on the basis of region, type, wafer size, application and industry vertical.
Breakup by type:
- Heteroepitaxy
- Homoepitaxy
Breakup by Wafer Size:
- 2-4 Inch
- 5-8 Inch
- 9-12 Inch
- Others
Breakup by Application:
- LED
- Power Semiconductor
- MEMS-Based Devices
- Others
Breakup by Industry Vertical:
- Consumer Electronics
- Automotive
- Healthcare
- Industrial
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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