Market Overview 2022-2027
The latest research study “Epitaxial Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global epitaxial wafer 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Epitaxial wafer, also called epi wafer, represents a layer of epitaxial silicon single crystal deposited on a single crystal silicon wafer. It aids in controlling doping profiles that are not achievable via traditional methods, including diffusion and ion implantation. Epitaxial wafer is extensively used in diode and transistor elements and integrated circuit (IC) substrates, such as bipolar and metal-oxide-semiconductor (MOS). In addition to this, it also finds wide-ranging applications in smartphones, gyroscopes, laptops, tablets, gaming consoles, etc., across the globe.
Global Epitaxial Wafer Market Trends and Drivers:
The increasing consumer awareness towards green technologies and the growing focus on reducing the usage of electricity are primarily bolstering the epitaxial wafer market. Additionally, the launch of various favorable policies by government bodies to promote the adoption of light-emitting diodes (LEDs) is further catalyzing the market growth. Besides this, the escalating demand for epitaxial wafers in consumer electronics that enable higher electron mobility and micro-electromechanical systems (MEMS) devices is acting as another significant growth-inducing factor. Moreover, the rising utilization of epi wafers in the automotive industry to track as well as control temperature, pressure, flow, level, etc., through robots is also positively influencing the global market. Apart from this, the inflating popularity of electric vehicles (EVs) and self-driving trucks is anticipated to fuel the epitaxial wafer market over the forecasted period.
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|Epitaxial Wafer Market Report Scope|
|Market size value in 2021||US$ 2.81 Billion|
|Market forecast in 2027||US$ 5.49 Billion|
|Growth Rate||CAGR of 11.60% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Wafer Size, Application, Industry Vertical and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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) and Sumco Corporation.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by type:
Breakup by Wafer Size:
- 2-4 Inch
- 5-8 Inch
- 9-12 Inch
Breakup by Application:
- Power Semiconductor
- MEMS-Based Devices
Breakup by Industry Vertical:
- Consumer Electronics
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 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) and Sumco Corporation.
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