Epitaxial wafers are semiconductor materials used to deposit a crystalline layer on a crystalline substrate, which acts as a foundation for fabrication of advanced semiconductor devices.
Epitaxial wafers are semiconductor materials used to deposit a crystalline layer on a crystalline substrate, which acts as a foundation for fabrication of advanced semiconductor devices. The crystal layer is grown to a thickness range between 1μm to over 10μm. Epitaxial wafers find application in semiconductor devices such as microprocessors, memory chips, and power electronics. Increasing demand for high-end computing devices which utilize advanced logic chips and memory components is expected to drive the growth of the epitaxial wafer market over the forecast period.
The global Epitaxial Wafer Market is estimated to be valued at US$ 938.32 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the epitaxial wafer market is primarily driven by increasing materials enabling miniaturization. Epitaxial wafers with ultra-thin layers enable semiconductor fabrication at nanoscale dimensions allowing higher transistor density and lower power consumption in integrated circuits. As electronics application adopt advanced nodes such as 7nm and smaller, demand for epitaxial wafers with layer thicknesses less than 3μm is growing rapidly. Miniaturization trend has accelerated with emergence of applications such as IoT, augmented reality, and edge computing driving requirements of higher processing power and lower power budget in devices. Epitaxial wafer suppliers are investing in new production facilities and technologies to enable mass production of wafers suitable for miniaturization roadmaps of the semiconductor industry over the next decade.
Segment Analysis
The global Epitaxial Wafer market is dominanted by 150mm and 200mm sub-segments currently. The 150mm sub-segment accounts for the largest market share owing to low manufacturing cost and suitability for mass production of devices such as power electronics and optoelectronics. The rising demand for power-efficient smart consumer devices will continue to drive the growth of this sub-segment during the forecast period.
Key Takeaways
The global Epitaxial Wafer Market Size is expected to witness high growth during the forecast period of 2023 to 2030. The global epitaxial wafer market is estimated to be valued at US$ 938.32 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.
Regional analysis:
Asia Pacific region currently dominates the global Epitaxial Wafer market with a share of over 50% in 2020. China and Taiwan are the major markets in this region owing to presence of key manufacturers. The growth of consumer electronics and smartphone industries in China and other Southeast Asian countries is supporting the demand growth of Epitaxial Wafer in this region.
Key players:
Key players operating in the Epitaxial Wafer market are EpiWorks Inc., Global Wafers Japan Co. Ltd., Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd. Intelligent Epitaxy Technology Inc.IQE plc., Jenoptic AG, MOSPEC Semiconductor Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc., SVT Associates Inc. Universal Wafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd.
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