Epitaxial Wafer Market
Epitaxial Wafer Market Forecasts to 2030 - Global Analysis By Deposition Type (Heteroepitaxy and Homeoepitaxy), Material Type, Size, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $3.5 BN |
|
Projected Year Value (2030) |
US $8.2 BN |
|
CAGR (2024 - 2030) |
14.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Epitaxial Wafer Market is accounted for $3.5 billion in 2024 and is expected to reach $8.2 billion by 2030 growing at a CAGR of 14.9% during the forecast period. An epitaxial wafer is a thin slice of semiconductor material, typically silicon that has been grown on a substrate using epitaxy, a process where layers of atoms are deposited in a controlled manner. This technique ensures that the new layer maintains the crystal structure and orientation of the underlying substrate, resulting in high-quality, defect-free material. Epitaxial wafers are essential in the production of advanced electronic devices and integrated circuits, as they enhance performance and enable the fabrication of complex structures.
Market Dynamics:
Driver:
Growing expansion of renewable energy
The growing expansion of renewable energy is significantly influencing the epitaxial wafer market, driven by the demand for efficient photovoltaic cells and advanced energy storage systems. As solar and wind technologies evolve, high-quality epitaxial wafers are essential for enhancing the performance of solar cells and power electronics. This shift toward sustainability fosters innovation in semiconductor manufacturing, resulting in improved materials that support higher efficiency and lower production costs.
Restraint:
Competition from alternative technologies
Competition from alternative technologies poses a significant challenge to the market, particularly as innovations in materials like organic photovoltaics and perovskite solar cells emerge. These alternatives often promise lower costs and simpler manufacturing processes, potentially reducing the demand for traditional epitaxial wafers. As companies shift focus to these disruptive technologies, the epitaxial wafer sector may face declining market share and pressure to innovate rapidly.
Opportunity:
Development of compound semiconductor devices
The development of compound semiconductor devices is driving significant advancements in the market, as these materials offer superior performance in high-frequency and high-power applications. The demand for efficient optoelectronic devices is boosting the need for high-quality epitaxial wafers tailored for compound semiconductors. This trend fosters innovation in growth techniques and materials engineering, enhancing device capabilities and expanding their applications in telecommunications, aerospace, and energy sectors.
Threat:
High manufacturing costs
High manufacturing costs significantly impact the market by limiting accessibility and competitiveness. The intricate processes required for producing high-quality wafers, such as precise growth techniques and stringent quality control, lead to elevated expenses. Additionally, higher prices may push customers toward cheaper alternatives or competing technologies, ultimately resulting in decreased market share and potential stagnation in growth for established epitaxial wafer manufacturers striving to maintain profitability.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the epitaxial wafer market, causing disruptions in supply chains and manufacturing processes. Lockdowns and workforce shortages slowed production, leading to delays in wafer availability. Additionally, fluctuating demand from industries like electronics and automotive further complicated market dynamics. However, the increased focus on remote work and digital infrastructure during the pandemic ultimately accelerated demand for advanced semiconductor technologies, partially offsetting negative effects.
The power devices segment is projected to be the largest during the forecast period
The power devices segment is projected to account for the largest market share during the projection period. Epitaxial wafers, particularly those made from silicon carbide (SiC) and gallium nitride (GaN), enable the production of high-voltage, high-temperature, and high-frequency power devices. These materials allow for smaller, lighter, and more efficient solutions, driving advancements in power electronics. As global demand for energy-efficient technologies rises, the epitaxial wafer market for power devices continues to expand.
The telecommunications segment is expected to have the highest CAGR during the forecast period
The telecommunications segment is expected to have the highest CAGR during the extrapolated period driven by increasing demand for high-speed data transmission. Epitaxial wafers, especially those made from materials like gallium arsenide (GaAs), are essential for fabricating high-performance components such as amplifiers and transceivers. As networks evolve to support greater bandwidth and connectivity, the need for advanced epitaxial wafers in telecommunications applications continues to rise, fostering innovation and market expansion.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by advancements in semiconductor. Key industries, including telecommunications, automotive, and renewable energy, are leveraging epitaxial wafers for their efficiency and reliability. The region’s strong focus on research and development, coupled with the presence of major semiconductor manufacturers, positions the region as a crucial hub for innovation and production in the market.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. The increasing penetration of smartphones, IoT devices, and other consumer electronics is significantly driving the demand for epitaxial wafers, as these devices require advanced semiconductor technologies for improved performance. Innovations in semiconductor manufacturing technologies are improving the efficiency and performance of epitaxial wafers, making them more attractive for vari ous applications across industries.
Key players in the market
Some of the key players in Epitaxial Wafer market include Infineon Technologies AG, Samsung Electronics Co., Ltd., Northrop Grumman Corporation, Mitsubishi Chemical Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Broadcom Inc., Veeco Instruments Inc., II-VI Incorporated, Micron Technology, Inc. and Semco Corporation.
Key Developments:
In August 2024, Texas Instruments and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act to support three 300mm wafer fabs already under construction in Texas and Utah.
In April 2024, Infineon Technologies finalized an agreement with global semiconductor manufacturer SK Siltron CSS. This agreement stipulates the production of 150-mm silicon carbide wafers by SK Siltron for Infineon.
Deposition Types Covered:
• Heteroepitaxy
• Homeoepitaxy
Material Types Covered:
• Silicon (Si)
• Gallium Nitride (GaN)
• Silicon Carbide (SiC)
• Gallium Arsenide (GaAs)
• Other Material Types
Sizes Covered:
• 2-inch Wafer
• 4-inch Wafer
• 6-inch Wafer
• 8-inch Wafer
• 12-inch Wafer
Applications Covered:
• Integrated Circuits (ICs)
• Power Devices
• Solar Cells
• Light Emitting Diodes (LEDs)
• Laser Diodes
• Other Applications
End Users Covered:
• Consumer Electronics
• Telecommunications
• Automotive
• Aerospace & Defense
• Healthcare
• Industrial Applications
• Energy
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Epitaxial Wafer Market, By Deposition Type
5.1 Introduction
5.2 Heteroepitaxy
5.3 Homeoepitaxy
6 Global Epitaxial Wafer Market, By Material Type
6.1 Introduction
6.2 Silicon (Si)
6.3 Gallium Nitride (GaN)
6.4 Silicon Carbide (SiC)
6.5 Gallium Arsenide (GaAs)
6.6 Other Material Types
7 Global Epitaxial Wafer Market, By Size
7.1 Introduction
7.2 2-inch Wafer
7.3 4-inch Wafer
7.4 6-inch Wafer
7.5 8-inch Wafer
7.6 12-inch Wafer
8 Global Epitaxial Wafer Market, By Application
8.1 Introduction
8.2 Integrated Circuits (ICs)
8.3 Power Devices
8.4 Solar Cells
8.5 Light Emitting Diodes (LEDs)
8.6 Laser Diodes
8.7 Other Applications
9 Global Epitaxial Wafer Market, By End User
9.1 Introduction
9.2 Consumer Electronics
9.3 Telecommunications
9.4 Automotive
9.5 Aerospace & Defense
9.6 Healthcare
9.7 Industrial Applications
9.8 Energy
9.9 Other End Users
10 Global Epitaxial Wafer Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Infineon Technologies AG
12.2 Samsung Electronics Co., Ltd.
12.3 Northrop Grumman Corporation
12.4 Mitsubishi Chemical Corporation
12.5 STMicroelectronics N.V.
12.6 Texas Instruments Incorporated
12.7 Broadcom Inc.
12.8 Veeco Instruments Inc.
12.9 II-VI Incorporated
12.10 Micron Technology, Inc.
12.11 Semco Corporation
List of Tables
1 Global Epitaxial Wafer Market Outlook, By Region (2022-2030) ($MN)
2 Global Epitaxial Wafer Market Outlook, By Deposition Type (2022-2030) ($MN)
3 Global Epitaxial Wafer Market Outlook, By Heteroepitaxy (2022-2030) ($MN)
4 Global Epitaxial Wafer Market Outlook, By Homeoepitaxy (2022-2030) ($MN)
5 Global Epitaxial Wafer Market Outlook, By Material Type (2022-2030) ($MN)
6 Global Epitaxial Wafer Market Outlook, By Silicon (Si) (2022-2030) ($MN)
7 Global Epitaxial Wafer Market Outlook, By Gallium Nitride (GaN) (2022-2030) ($MN)
8 Global Epitaxial Wafer Market Outlook, By Silicon Carbide (SiC) (2022-2030) ($MN)
9 Global Epitaxial Wafer Market Outlook, By Gallium Arsenide (GaAs) (2022-2030) ($MN)
10 Global Epitaxial Wafer Market Outlook, By Other Material Types (2022-2030) ($MN)
11 Global Epitaxial Wafer Market Outlook, By Size (2022-2030) ($MN)
12 Global Epitaxial Wafer Market Outlook, By 2-inch Wafer (2022-2030) ($MN)
13 Global Epitaxial Wafer Market Outlook, By 4-inch Wafer (2022-2030) ($MN)
14 Global Epitaxial Wafer Market Outlook, By 6-inch Wafer (2022-2030) ($MN)
15 Global Epitaxial Wafer Market Outlook, By 8-inch Wafer (2022-2030) ($MN)
16 Global Epitaxial Wafer Market Outlook, By 12-inch Wafer (2022-2030) ($MN)
17 Global Epitaxial Wafer Market Outlook, By Application (2022-2030) ($MN)
18 Global Epitaxial Wafer Market Outlook, By Integrated Circuits (ICs) (2022-2030) ($MN)
19 Global Epitaxial Wafer Market Outlook, By Power Devices (2022-2030) ($MN)
20 Global Epitaxial Wafer Market Outlook, By Solar Cells (2022-2030) ($MN)
21 Global Epitaxial Wafer Market Outlook, By Light Emitting Diodes (LEDs) (2022-2030) ($MN)
22 Global Epitaxial Wafer Market Outlook, By Laser Diodes (2022-2030) ($MN)
23 Global Epitaxial Wafer Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Epitaxial Wafer Market Outlook, By End User (2022-2030) ($MN)
25 Global Epitaxial Wafer Market Outlook, By Consumer Electronics (2022-2030) ($MN)
26 Global Epitaxial Wafer Market Outlook, By Telecommunications (2022-2030) ($MN)
27 Global Epitaxial Wafer Market Outlook, By Automotive (2022-2030) ($MN)
28 Global Epitaxial Wafer Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
29 Global Epitaxial Wafer Market Outlook, By Healthcare (2022-2030) ($MN)
30 Global Epitaxial Wafer Market Outlook, By Industrial Applications (2022-2030) ($MN)
31 Global Epitaxial Wafer Market Outlook, By Energy (2022-2030) ($MN)
32 Global Epitaxial Wafer Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
