PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615969
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615969
Epitaxial Wafer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024-2032
The Global Epitaxial Wafer Market was valued at USD 4.8 billion in 2023 and is projected to grow at a CAGR exceeding 13% from 2024 to 2032. The surging demand for advanced semiconductor devices, including high-performance integrated circuits (ICs) and power devices, significantly propels the epitaxial wafer market. As sectors like consumer electronics, automotive, and telecommunications expand, the demand for efficient and compact semiconductor components intensifies. This surge in demand fuels the adoption of epitaxial wafers, known for their superior electrical properties and thermal stability. Renewable energy sources are driving a notable uptick in the demand for epitaxial wafers.
The overall epitaxial wafer industry is classified based on type of wafer, wafer size, end-use, application, deposition method, and region. The market, categorized by deposition methods, includes Molecular Beam Epitaxy (MBE), Chemical Vapor Deposition (CVD), Metalorganic Chemical Vapor Deposition (MOCVD), Liquid Phase Epitaxy (LPE), among others. Notably, the Molecular Beam Epitaxy (MBE) segment is anticipated to witness a CAGR surpassing 15% during the forecast period. Molecular Beam Epitaxy (MBE) stands out in the epitaxial wafer market, celebrated for its capability to produce epitaxial layers with atomic-level precision and purity.
Commonly employed in research and development, MBE is also pivotal in crafting specialized semiconductor devices, including quantum dots, laser diodes, and high-electron-mobility transistors (HEMTs). Segmented by end-use industry, the market encompasses semiconductor manufacturing, optoelectronics, power electronics, photovoltaic cells, and others, including LED manufacturing. The semiconductor manufacturing domain is poised to dominate the global market, projecting revenues exceeding USD 5 billion by 2032. As foundational elements for a myriad of semiconductor devices, epitaxial wafers play a pivotal role in the expansive semiconductor manufacturing industry. Within this sector, epitaxial wafers are instrumental in crafting high-quality, defect-free layers, bolstering the electrical properties of devices like transistors, diodes, and integrated circuits.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $4.8 Billion |
| Forecast Value | $15 Billion |
| CAGR | 13% |
In 2023, the Asia-Pacific region led the global epitaxial wafer market, commanding a share exceeding 30%. Dominated by semiconductor manufacturing powerhouses like China, Japan, South Korea, and Taiwan, the Asia-Pacific region is a titan in electronics production. Industries ranging from consumer electronics to automotive and telecommunications drive a robust demand for epitaxial wafers. The swift rollout of 5G infrastructure, bolstered by investments in electric vehicles (EVs) and renewable energy, amplifies the demand for advanced semiconductor devices, propelling the epitaxial wafer market's growth in Asia-Pacific.Furthermore, government initiatives and hefty investments in semiconductor fabrication facilities solidify the region's dominance in this arena.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for advanced semiconductor devices
- 3.8.1.2 Growth in electric vehicles (EVs) market
- 3.8.1.3 Advancements in photonics and optoelectronics
- 3.8.1.4 Growing adoption of compound semiconductors
- 3.8.1.5 Increasing investments in semiconductor manufacturing
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High manufacturing costs
- 3.8.2.2 Technological challenges and complexity
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type of Wafer, 2021-2032 (USD Million & Units)
- 5.1 Key trends
- 5.2 Silicon-based epi wafers
- 5.3 Gallium arsenide (GaAs) epi wafers
- 5.4 Silicon carbide (SiC) epi wafers
- 5.5 Gallium nitride (GaN) epi wafers
- 5.6 Other materials
Chapter 6 Market Estimates & Forecast, By Wafer Size, 2021-2032 (USD Million & Units)
- 6.1 Key trends
- 6.2 2-inch wafers
- 6.3 4-inch wafers
- 6.4 6-inch wafers
- 6.5 8-inch wafers
- 6.6 12-inch wafers
- 6.7 Other sizes
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 (USD Million & Units)
- 7.1 Key trends
- 7.2 Consumer electronics
- 7.3 Automotive
- 7.4 Industrial
- 7.5 Telecommunications
- 7.6 Healthcare
- 7.7 Defense and aerospace
- 7.8 Others
Chapter 8 Market Estimates & Forecast, By Deposition Method, 2021-2032 (USD Million & Units)
- 8.1 Key trends
- 8.2 Chemical vapor deposition (CVD)
- 8.3 Molecular beam epitaxy (MBE)
- 8.4 Metalorganic chemical vapor deposition (MOCVD)
- 8.5 Liquid phase epitaxy (LPE)
- 8.6 Other deposition techniques
Chapter 9 Market Estimates & Forecast, By End Use Industry, 2021-2032 (USD Million & Units)
- 9.1 Key trends
- 9.2 Semiconductor manufacturing
- 9.3 Optoelectronics
- 9.4 Power electronics
- 9.5 Photovoltaic cells
- 9.6 Others
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million & Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 Advanced Wireless Semiconductor Company (AWSC)
- 11.2 AXT, Inc.
- 11.3 Cree, Inc. (Now Wolfspeed, Inc.)
- 11.4 Epistar Corporation
- 11.5 Freiberger Compound Materials GmbH
- 11.6 GlobalWafers Co., Ltd.
- 11.7 IQE plc
- 11.8 NanoSystec GmbH
- 11.9 Nichia Corporation
- 11.10 Saint-Gobain
- 11.11 Shin-Etsu Chemical Co., Ltd.
- 11.12 Siltronic AG
- 11.13 Sino-American Silicon Products Inc. (SAS)
- 11.14 SK Siltron
- 11.15 Soitec
- 11.16 SUMCO Corporation
- 11.17 Sumitomo Electric Industries, Ltd.
- 11.18 Topsil Semiconductor Materials A/S
- 11.19 WaferPro
- 11.20 Wafer World, Inc.
- 11.21 Xiamen Powerway Advanced Material Co., Ltd.
