The new report by Expert Market Research titled, ‘Global Epitaxial Wafer Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032’, gives an in-depth analysis of the global epitaxial wafer market, assessing the market based on its segments like type, wafer size, application, industry vertical and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2032)
- Forecast CAGR (2024-2032): 12.25%
The usage of semiconductors in electronic applications across numerous business verticals can be linked to the expanding demand for epitaxial wafers. The market for epitaxial wafers is growing due to the rising market penetration of consumer electronics such as laptops and smartphones. The increasing prevalence of IoT linked devices is increasing the market need for power electronics, which is being used in the manufacturing process of numerous semiconductor components as a result of rapid industrialisation, technological innovation, and rising disposable incomes. As a result, the use of an epitaxial wafer in consumer electronics is boosting the market’s growth.
Epitaxial Wafer Industry Definition and Major Segments
A wafer of semiconducting material composed via epitaxial growth or epitaxy for application in photonics, spintronics, microelectronics, or photovoltaics is known as an epitaxial wafer. Epitaxy is the method of depositing thin layers of semiconductor materials onto a single crystal substrate’s surface. An epilayer is a name given to each of these layers. Epitaxy is mostly used to improve wafer functioning.
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On the basis of type, the market can be divided into:
- Heteroepitaxy
- Homoepitaxy
Based on wafer size, the market segmentations include:
- 2-4 Inch
- 5-8 Inch
- 9-12 Inch
- Others
The market, on the basis of application, can be divided into:
- LED
- Power Semiconductor
- MEMS-Based Devices
- Others
On the basis of industry vertical, the market can be categorised into:
- Consumer Electronics
- Automotive
- Healthcare
- Industrial
- Others
The EMR report looks into the regional markets of epitaxial wafer-like:
- North America
- Latin America
- the Asia Pacific
- Europe
- the Middle East
- Africa
Epitaxial Wafer Market Trends
The increased market penetration of energy-efficient LED lighting is driving the global epitaxial wafer industry. Low production costs and increased device sensitivity, both of which are connected with epitaxial wafer technology, are driving market expansion. The adoption of LED lighting infrastructure is accelerating in both developed and developing countries, thanks to rising consumer awareness of green technology and a growing focus on decreasing overall electricity use. Furthermore, government initiatives such as awareness campaigns and subsidies to encourage the use of LED lighting are boosting epitaxial wafer market growth.
Key Market Players
The major players in the market are Nichia Corporation, SUMCO Corporation, Soitec Belgium N.V., Siltronic AG, and Wafer World Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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