Global Epitaxial Wafer Market to Grow at a CAGR of 12.3% during 2024-2032, Driven by the Rising Adoption of SiC Epi-Wafer in Electric and Autonomous Vehicles

The rising demand for silicon epitaxial wafers could be attributed to its characteristics like heightened flexibility. Silicon EPI wafers can be moulded into desired shapes and sizes for various applications, including the development of photoelectric cells, integrated circuits, and MEMS, among others for numerous industrial uses, such as automotive, consumer electronics, and healthcare. In addition, due to the expansion in the use of electro-optical components, widely found in telecommunications and display technologies, epitaxy is emerging as a significant technique to enhance the functionality of wafers. This is stimulating the market growth.  Furthermore, the industry growth has been augmented by epitaxial wafers used in the automotive sector. With the rise in electric vehicles and autonomous vehicle technology, epitaxial wafers find applications in navigation systems, infotainment systems, and collision detectors, among others. Hence, the global market for epitaxial wafers is expected to witness growth with increasing technological advancements in the coming years.

Showa Denko K.K. (TSE:4004), a global leader in the market for epitaxial wafers, in September 2021 announced that the company will be providing highly efficient SiC-power-semiconductor based power devices for the overall market to supply SiC epitaxial wafers for power semiconductors (SiC epi-wafers) to Toshiba (TYO: 6502). Toshiba is a leading company engaged in developing and commercialising numerous kinds of SiC-based power devices while adopting SiC epi-wafers. Sic epitaxial wafers produced by Showa Denka are marked with high performance and highly reliable characteristics, hence contributing to the rising adoption of SiC power semiconductors to save energy with minimal power loss and less heat generation. Such developments in the market are expected to boost the market growth.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Type, Wafer Size, Application, Industry Vertical, and Region:

• Based on type, the market can be segmented into heteroepitaxy and homoepitaxy.
• The market, on the basis of wafer size, can be divided into 2-4 inch, 5-8 inch, and 9-12 inch, among others. 
• On the basis of application, the market divisions include LED, power semiconductor, and MEMS based devices, among others. 
• On the basis of industry vertical, the market can be categorised into consumer electronics, automotive, healthcare, and industrial, among others.
• The major regional markets for epitaxial wafer are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for silicon epitaxial wafers due to their heightened flexibility is aiding the market growth.
• The increasing market penetration of consumer electronics such as smartphones and laptops are providing impetus to the market demand of epitaxial wafers, hence boosting the industry growth.
• Epitaxial wafers applied in LED lightings are generating robust market demand owing to the rising adoption of green technology for energy efficiency.
• Applications of epitaxial wafers in navigation controls, infotainment systems, and collision detectors deployed in electric and autonomous vehicles are bolstering the industry growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global epitaxial wafer industry for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) markets for types, wafer sizes, applications, industry verticals, and regions of epitaxial wafer.
• The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global epitaxial wafer market are Nichia Corporation, SUMCO Corporation, Soitec Belgium N.V., Siltronic AG, and Wafer World Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-753-713-2163