Epitaxial Wafer Market Growth, Trends 2022-2027 | Industry Size, Top Companies Share And Forecast

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.

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An epitaxial wafer, or epi wafer, refers to an epitaxial silicon layer deposited on a single crystal silicon wafer. It acts as the basic building block for semiconductors and is extensively used to produce various semiconductor components. It helps control doping profiles that are not achievable using traditional methods such as ion implantation and diffusion. As a result, epitaxial wafer finds extensive applications in smartphones, laptops, tablets, gaming consoles, light-emitting diodes (LEDs), and gyroscopes across the globe. 

Market Trends:

The global epitaxial wafer market is primarily driven by the rising demand for consumer electronics. Moreover, epitaxial wafers are used in numerous devices to support micro-electromechanical systems (MEMS) and higher electron mobility. In line with this, the increasing sales of self-driving trucks and electric and autonomous vehicles and the rapid expansion in the automotive industry are positively influencing the market growth.

Additionally, the rising use of epitaxial wafers in the automotive industry to track and control temperature, flow, pressure, and level through robots has catalyzed market growth. Besides this, several favorable initiatives by governments of numerous countries to promote the use of light-emitting diodes (LEDs) have propelled the market growth. Furthermore, several key players are integrating the internet of things (IoT) with epitaxial wafers to enable their advanced applications.

In addition, the increasing focus on reducing electricity usage and the rising public awareness about green technology is contributing to the market growth. Other factors, including ongoing research and development (R&D) activities, increasing adoption of electric vehicles (EVs), and technological advancements, are also anticipated to create a positive market outlook.

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Key Market Segmentation:

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 Geography:

• 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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List of Key Companies Covered in this Market Report:

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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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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