PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437851

PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1437851

Epitaxy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: February 15, 2024

PAGES: 250 Pages

DELIVERY TIME: 2-5 business days

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Description

The epitaxy equipment market is poised for significant growth over the next decade, with global sales projected to surge at a 6.0% Compound Annual Growth Rate (CAGR) from 2024 to 2031. According to market analysis by Fairfield Market Research, the market valuation is anticipated to exceed US$ 3.0 billion by the end of 2031, up from US$ 1.8 billion in 2024.

Rising Demand for MOCVD Equipment

The demand for Metal Organic Chemical Vapor Deposition (MOCVD) equipment remains robust, with a forecasted growth rate of around 6.9% CAGR between 2024 and 2031. This surge is attributed to the various advantages of MOCVD technology, including its ability to prepare high-purity film materials at lower temperatures.

Driving Forces Behind Market Expansion

Several factors are propelling the growth of the epitaxy equipment market:

Expansion of Semiconductor and Electronics Industries: The robust expansion of semiconductor and electronics industries worldwide is a key driver for epitaxy equipment sales.
Advancements in Photonics: Advancements in photonics technology are elevating epitaxy equipment demand globally, particularly in applications such as smartphones and tablets.
Growing Popularity of Optoelectronic Devices: The burgeoning demand for optoelectronic devices is fueling sales of epitaxy equipment, driven by their use in industries such as IT & telecommunications.
Adoption of LED Lights: The increasing usage of LED lights is creating lucrative opportunities for epitaxy equipment manufacturers, further contributing to market growth.
Expansion in Wireless Applications: Epitaxy equipment's utilization in wireless applications, including satellite communications, is creating growth prospects for the market.
Rise of Electric & Hybrid Vehicles: The rise of electric and hybrid vehicles, coupled with the adoption of smart technologies, is triggering sales of epitaxy equipment globally.
Adoption of Advanced Semiconductor Devices: High adoption rates of advanced semiconductor devices such as MEMS and transistors are boosting the epitaxy equipment market.
Shift towards Alternative Energy Sources: The global shift towards alternative energy sources like solar cells is set to fuel the expansion of the epitaxy equipment market.

Asia Pacific Leads Market Growth

Asia Pacific currently leads the global epitaxy equipment industry and is expected to continue its dominance through 2031. With a projected market valuation of US$ 1.26 billion by the end of 2031, the Asia Pacific epitaxy equipment market is driven by the robust growth of the semiconductor industry in countries such as China and Japan.

United States Epitaxy Equipment Market Outlook

The United States epitaxy equipment market is set to cross a valuation of US$ 490 million by 2031, with sales expected to surge at a 5.4% CAGR over the next decade. The increasing usage of epitaxy equipment in photonic applications is providing impetus to market growth, alongside the large presence of leading epitaxy equipment manufacturers in the country.

Growth Projection for the United Kingdom Market

The United Kingdom epitaxy equipment market is forecasted to progress at a 4.5% CAGR through 2031, with total sales generating revenues worth US$ 81.9 million by the end of the period. The expansion of the IT & telecommunication sector and rising adoption of optoelectronic devices are key drivers for market growth in the UK.

Most Lucrative Application of Epitaxy Equipment

The photonics segment is anticipated to be the most lucrative application of epitaxy equipment, with a forecasted CAGR of 6.8% through 2031. Rising adoption of epitaxy equipment in photonics applications, coupled with advancements in photonics technology, will drive growth in this segment.

Competitive Analysis

Key manufacturers of epitaxy equipment include Applied Materials, II-VI Incorporated, DOWA Electronics Materials, ASM International, Intelligent Epitaxy Technology, Aixtron, Optowell, Tokyo Electron Limited, Siltronic, and Toshiba Electronic.

Key Companies Profiled

II-VI Incorporated
Applied Materials
Intelligent Epitaxy Technology
DOWA Electronics Materials
Optowell
Aixtron
Toshiba Electronic
Siltronic
Tokyo Electron Limited
ASM International

Global Epitaxy Equipment Market Segmentation:

By Type:

MOCVD
HT CVD

By Application:

Photonics
Semiconductor
Wide band-gap Material
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Epitaxy Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Epitaxy Equipment Market Outlook, 2018 - 2031

3.1. Global Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. MOCVD
  - 3.1.1.2. HT CVD
3.2. Global Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Photonics
  - 3.2.1.2. Semiconductor
  - 3.2.1.3. Wide band-gap Material
  - 3.2.1.4. Others
3.3. Global Epitaxy Equipment Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Epitaxy Equipment Market Outlook, 2018 - 2031

4.1. North America Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. MOCVD
  - 4.1.1.2. HT CVD
4.2. North America Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Photonics
  - 4.2.1.2. Semiconductor
  - 4.2.1.3. Wide band-gap Material
  - 4.2.1.4. Others
4.3. North America Epitaxy Equipment Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Epitaxy Equipment Market Outlook, 2018 - 2031

5.1. Europe Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. MOCVD
  - 5.1.1.2. HT CVD
5.2. Europe Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Photonics
  - 5.2.1.2. Semiconductor
  - 5.2.1.3. Wide band-gap Material
  - 5.2.1.4. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Epitaxy Equipment Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Epitaxy Equipment Market Outlook, 2018 - 2031

6.1. Asia Pacific Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. MOCVD
  - 6.1.1.2. HT CVD
6.2. Asia Pacific Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Photonics
  - 6.2.1.2. Semiconductor
  - 6.2.1.3. Wide band-gap Material
  - 6.2.1.4. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Epitaxy Equipment Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Epitaxy Equipment Market Outlook, 2018 - 2031

7.1. Latin America Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. MOCVD
  - 7.1.1.2. HT CVD
7.2. Latin America Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Epitaxy Equipment Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Epitaxy Equipment Market Outlook, 2018 - 2031

8.1. Middle East & Africa Epitaxy Equipment Market Outlook, by Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. MOCVD
  - 8.1.1.2. HT CVD
8.2. Middle East & Africa Epitaxy Equipment Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Photonics
  - 8.2.1.2. Semiconductor
  - 8.2.1.3. Wide band-gap Material
  - 8.2.1.4. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Epitaxy Equipment Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Epitaxy Equipment Market by Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Epitaxy Equipment Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Sharp
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Type Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. LG
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Type Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. SAMSUNG
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Type Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Barco
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Type Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Mitsubishi Electric
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Type Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. ViewSonic
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Type Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Philips
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Type Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Planar
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Type Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. LIGHTVU
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Type Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Hikvision
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Type Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Unilumin Group
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Type Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Absen
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Type Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. INFILED
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Type Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Sony
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Type Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. Leyard
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Type Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

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