Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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 Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 5.51
Market Size 2032 USD Billion 15.61
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 12.3%
CAGR 2024-2032 - Market by Region Asia Pacific 14.2%
CAGR 2024-2032 - Market by Country India 16.3%
CAGR 2024-2032 - Market by Country China 13.6%
CAGR 2024-2032 - Market by Type Heteroepitaxy 13.5%
CAGR 2024-2032 - Market by Industry Vertical Consumer Electronics 13.9%
Market Share by Country 2023 Japan 4.2%

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.

Global Epitaxial Wafer Market

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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.

CAGR 2024-2032 - Market by Country
India 16.3%
China 13.6%
Canada 11.7%
UK 11.2%
France 9.6%
USA XX%
Germany XX%
Italy XX%
Japan 8.5%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

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
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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.

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