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Epitaxial Wafer Market

Global Epitaxial Wafer Market Analysis, Share, Forecast: By Type: Heteroepitaxy, Homoepitaxy; By Wafer Size: 2-4 Inch, 5-8 Inch, 9-12 Inch, Others; By Application: LED, Power Semiconductor, MEMS Based Devices, Others; By Industry Vertical: Consumer Electronics, Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Epitaxial Wafer Market Outlook

The global epitaxial wafer market attained a value of about USD 5.51 billion in 2023. The market is further expected to grow at a CAGR of 12.3% during the forecast period of 2024-2032 to reach nearly USD 15.61 billion by 2032.     

 

Global Epitaxial Wafer Market

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Rising Demand for Consumer Electronics to Augment the Market Growth of Epitaxial Wafer

The growing market for epitaxial wafer can be attributed to the applications of semiconductors in electronic applications across various industry verticals. The increasing market penetration of consumer electronics, such as laptops and smartphones, are increasing the market growth of epitaxial wafer. Owing to rapid industrialisation, innovation in technologies, and inflating disposable incomes, the increasing prevalence of IoT connected devices is augmenting the market demand for power electronics, and hence deployed in the manufacturing process of several semiconductor components. Thus, the deployment of an epitaxial wafer in consumer electronics is providing impetus to market growth.

 

Epitaxial Wafer: Market Segmentation

An epitaxial wafer, variously called epi wafer, is a wafer of semiconducting material composed by epitaxial growth or epitaxy to be used in photonics, spintronics, microelectronics, or photovoltaics. Epitaxy is the process of depositing thin layers of semiconductor materials onto the surface of a single crystal substrate. Each of these layers is known as an epilayer. Epitaxy is mainly done to enhance the functionality of wafers.

 

Global Epitaxial Wafer Market by Segment

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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, and the Middle East and Africa.

 

Global Epitaxial Wafer Market by Region

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Growing Demand for LED lights to Invigorate the Market growth of Epitaxial Wafer

The global market for epitaxial wafer is being driven by the rising market penetration of energy-efficient LED lights. Qualities like low manufacturing cost, enhancing device sensitivity, associated with epitaxial wafer technology is stimulating the market growth. Rising consumer awareness regarding green technology and the increasing focus on reducing the overall consumption of electricity is propelling the adoption of LED lighting infrastructure in major developed and developing nations. Furthermore, government measures, such as awareness programmes and subsidies promoting the adoption of LED lights, is furthering the market growth of epitaxial wafer.

 

Key Industry Players in the Global Epitaxial Wafer Market

The report presents a detailed analysis of the following key players in the global epitaxial wafer market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • Nichia Corporation
  • SUMCO Corporation
  • Soitec Belgium N.V.
  • Siltronic AG
  • Wafer World Inc.
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Wafer Size
  • Application
  • Industry Vertical
  • Region
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 Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nichia Corporation
  • SUMCO Corporation
  • Soitec Belgium N.V.
  • Siltronic AG
  • Wafer World Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Epitaxial Wafer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Epitaxial Wafer Historical Market (2018-2023) 
    8.3    Global Epitaxial Wafer Market Forecast (2024-2032)
    8.4    Global Epitaxial Wafer Market by Type
        8.4.1    Heteroepitaxy
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Homoepitaxy
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Epitaxial Wafer Market by Wafer Size
        8.5.1    2-4 Inch
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    5-8 Inch
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    9-12 Inch
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Epitaxial Wafer Market by Application
        8.6.1    LED
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Power Semiconductor
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    MEMS Based Devices
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Epitaxial Wafer Market by Industry Vertical
        8.7.1    Consumer Electronics
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Automotive
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Healthcare
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Industrial
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others    
    8.8    Global Epitaxial Wafer Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Epitaxial Wafer Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Epitaxial Wafer Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Epitaxial Wafer Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Epitaxial Wafer Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Epitaxial Wafer Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nichia Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    SUMCO Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Soitec Belgium N.V.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Siltronic AG
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Wafer World Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Epitaxial Wafer Market: Key Industry Highlights, 2018 and 2032
2.    Global Epitaxial Wafer Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Epitaxial Wafer Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Epitaxial Wafer Historical Market: Breakup by Wafer Size (USD Billion), 2018-2023
5.    Global Epitaxial Wafer Market Forecast: Breakup by Wafer Size (USD Billion), 2024-2032
6.    Global Epitaxial Wafer Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Epitaxial Wafer Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Epitaxial Wafer Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
9.    Global Epitaxial Wafer Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
10.    Global Epitaxial Wafer Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Epitaxial Wafer Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Epitaxial Wafer Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Epitaxial Wafer Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Epitaxial Wafer Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Epitaxial Wafer Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Epitaxial Wafer Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Epitaxial Wafer Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Epitaxial Wafer Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Epitaxial Wafer Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Epitaxial Wafer Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Epitaxial Wafer Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Epitaxial Wafer Market Structure

Key Questions Answered in the Report

The global epitaxial wafer market attained a value of nearly USD 5.51 billion in 2023.

The market is projected to grow at a CAGR of 12.3% in the forecast period of 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 15.61 billion by 2032.     

The growing applications of semiconductors in the electronics sector, rapid industrialisaton, and the increasing popularity of IoT connected devices are the major drivers.

The key trends guiding the market growth include the rising market penetration of energy-efficient LED lights, surging consumer awareness regarding green technology, and the introduction of favourable government regulations aimed at promoting the adoption of LED lights.

The major regional markets for epitaxial wafer are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The major types of epitaxial wafers are heteroepitaxy and homoepitaxy.

The various wafer sizes of epitaxial wafer include 2-4 inch, 5-8 inch, and 9-12 inch, among others.

The different applications of epitaxial wafers are LED, power semiconductor, and MEMS based devices, among others.

The significant industry verticals of epitaxial wafers are consumer electronics, automotive, healthcare, and industrial, among others.

The major players in the market are Nichia Corporation, SUMCO Corporation, Soitec Belgium N.V., Siltronic AG, and Wafer World Inc., among others.

Analyst Review

The global epitaxial wafer market attained a value of about USD 5.51 billion in 2023, driven by rising market penetration of consumer electronics. Aided by increasing demand for LED lights, the market is expected to grow at a CAGR of 12.3% in the forecast period of 2024-2032 to reach nearly USD 15.61 billion by 2032.     

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. 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, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Nichia Corporation, SUMCO Corporation, Soitec Belgium N.V., Siltronic AG, and Wafer World Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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