Global Epitaxial Wafer Market Size, Share, Growth Analysis, By Material(Silicon, gallium arsenide (GaAs)), By Application(ICs, LEDs)

Description

Market Insights

Global Epitaxial Wafer Market size was valued at USD 2467.62 million in 2021 and is poised to grow from USD 2778 million in 2022 to USD 7354 million by 2030, at a CAGR of 12.9 % during the forecast period (2023-2030).

The Global Medical Animation Market encompasses the creation and utilization of visually engaging animations to communicate complex medical concepts. It serves medical training, patient education, and marketing purposes. This expanding market is driven by technological advancements, increased healthcare awareness, and the need for clear medical communication. The market includes 2D and 3D animations, interactive visuals, and virtual reality applications. North America leads the sector due to its advanced healthcare infrastructure. As demand for accurate medical information grows, the market is expected to continue its upward trajectory.

Top-down and bottom-up approaches were used to estimate and validate the size of epitaxial wafer and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segmental Analysis

The epitaxial wafer market is segmented by material, application, and region. By material, the market is segmented into silicon, gallium arsenide (GaAs), and silicon carbide (SiC). By application, the market is segmented into ICs, LEDs, and solar cells. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers

Increasing Need for Cutting-edge Electronics

The surging need for cutting-edge electronic gadgets, such as smartphones, tablets, wearable technology, and Internet of Things (IoT) enabled devices, plays a crucial role in propelling the epitaxial wafer market forward. These devices heavily depend on high-performance semiconductor components, necessitating the use of epitaxial wafers due to their accuracy and effectiveness. As consumer preferences gravitate toward smarter, quicker, and more interconnected devices, the demand for epitaxial wafers for the manufacturing of integrated circuits (ICs) remains on a consistent rise.

Restraints

Significant Initial Capital Requirements

The production of epitaxial wafers necessitates advanced machinery and technologies, resulting in substantial initial capital requirements for producers. This financial demand can pose a notable obstacle, particularly for minor enterprises or emerging markets aspiring to penetrate the industry. The considerable upfront expenditures linked to establishing facilities for epitaxial wafer production have the potential to hinder both market entry and growth.

Market Trends

The Global Epitaxial Wafer Market is witnessing a significant trend characterized by rapid miniaturization and the advancement of semiconductor technologies. As electronic devices continue to shrink in size while becoming more potent, the need for epitaxial wafers possessing superior precision and performance attributes is on the rise. This phenomenon is in sync with the expanding demand for various applications such as 5G technology, artificial intelligence (AI), Internet of Things (IoT), and edge computing, where compact and high-efficiency semiconductor components play a critical role.

Product Code: SQMIG45I2107

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Epitaxial Wafer Market by Material
Market Overview
Silicon
gallium arsenide (GaAs)
and silicon carbide (SiC)

Global Epitaxial Wafer Market by Application

Market Overview
ICs
LEDs
and solar cells
Global Epitaxial Wafer Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
Taiwan Semiconductor Manufacturing Company Limited (TSMC) - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
GlobalWafers Co., Ltd. - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Shin-Etsu Chemical Co., Ltd. - Japan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
SUMCO Corporation - Japan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nichia Corporation - Japan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
IQE plc - United Kingdom
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ASM International N.V. - Netherlands
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Applied Materials, Inc. - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hitachi Metals, Ltd. - Japan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Tower Semiconductor Ltd. - Israel
Company Overview
Business Segment Overview
Financial Updates
Key Developments
SK Siltron Co., Ltd. - South Korea
Company Overview
Business Segment Overview
Financial Updates
Key Developments
United Microelectronics Corporation (UMC) - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
II-VI Incorporated - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Epistar Corporation - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Veeco Instruments Inc. - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nichicon Corporation - Japan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Monocrystal Inc. - Russia
Company Overview
Business Segment Overview
Financial Updates
Key Developments
SunEdison Semiconductor Limited - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sino American Silicon Products Inc. (SAS) - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments
IQE Taiwan Co., Ltd. - Taiwan
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Epitaxial Wafer Market Size, Share, Growth Analysis, By Material(Silicon, gallium arsenide (GaAs)), By Application(ICs, LEDs) - Industry Forecast 2023-2030