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Epitaxial Wafer Market Segmentation by Type (Heteroepitaxy and Homoepitaxy); By Application (LED, Power Semiconductor, MEMS-Based Devices, and Others) - Demand Analysis & Opportunity Outlook 2027

Published: March, 2023
ID: 12595
Pages: 175
Formats: report pdf report excel report power bi report ppt

Epitaxial Wafer Market Size, Growth, Trends & Forecast (2022 - 2027)

Epitaxy is a technique for growing or laying a single crystalline film or layer over a crystalline-based semiconductor substrate or surface. Concerning the crystal-based semiconductor substrate, the deposited substance must have defined acclimatisation. Furthermore, chip designers use molten or vapour-based foundations to create epitaxial over layers. An epitaxial wafer is a semiconducting substrate wafer that has been grown epitaxially for use in microelectronics, photovoltaics, and photonics. The epitaxial wafer market is divided into three categories based on wafer size: 50mm to 100mm, 100mm to 150mm, and above 150 mm.

Epitaxial Wafer Market Recent Developments

In a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Act"), II-VI Incorporated completed its previously announced offering of $990 million aggregate principal amount of 5.000 % senior notes due 2029 (the "Notes"). Each of the Company's domestic subsidiaries that guarantee its current credit agreement guarantees the Notes.

Siltronic, a silicon wafer manufacturing company, has broken ground at JTC's Tampines Wafer Fab Park in Singapore for its new manufacturing plant. Siltronic's investment of over €2 billion (equal to nearly SGD 3 billion) through the end of 2024, in cooperation with the Singapore Economic Development Board (EDB), will play a significant role in satisfying the expanding semiconductor demand.

In the backdrop of a prolonged worldwide chip scarcity, Japan's Sumco will spend 228.7 billion yen ($2.05 billion) to ramp up production of the state-of-the-art 300 mm silicon wafers for semiconductors.

Epitaxial Wafer Market Drivers

The increasing use of LED lighting around the world is fueling demand for epitaxial wafers, which is a major driver driving growth in the epitaxial wafer market. LED lights are primarily made up of a large number of integrated circuits (ICs). These ICs are made from silicon wafer chips, which are inexpensive semiconductors that can be easily sliced into wafers and then processed using CMOS to turn each wafer into thousands of ICs. As a result, the producer films the silicon wafer with an epitaxial layer to improve its performance. This epitaxial layer growth on a silicon wafer serves to improve the wafer's electrical characteristics, which boosts the power capability of LED lighting.

Epitaxial Wafer Market Restraints

Small firms are unable to enter the semiconductor manufacturing market due to exorbitant initial capital needs. During the projected period, this factor will further limit the epitaxial wafer market's growth.

Epitaxial Wafer Market Segmentation

Type: The market is segmented into Heteroepitaxy and Homoepitaxy.

Heteroepitaxy and homoepitaxy are the two most used techniques for epitaxial deposition. The technique of depositing a film or layer on a substrate with a distinct composition is known as heteroepitaxy deposition. Homoepitaxy is the technique of putting a film or layer with the same level of confirmation to a surface or substrate.

Application: The market is segmented into LED, Power Semiconductor, MEMS-Based Devices, and Others.

LED is the leading sub-segment in the epitaxial wafer market. Gyroscopes, pressure sensors, accelerometers, micromirrors, digital compasses, and current pico projectors are examples of MEMS devices that utilise epi-wafers with thicker epilayers. The global epi wafer market is being driven by lower manufacturing costs and greater device sensitivity and performance.

Epitaxial Wafer Market Regional Analysis

The Asia Pacific leads the global epitaxial wafer market, followed by North America and Europe. The market for epitaxial wafers in the Asia Pacific is being fueled by the increased popularity of modern electronic equipment and devices such as high-end laptops, gaming consoles, and other smart gadgets. China and Japan are the market leaders in the Asia Pacific, with India, South Korea, and Taiwan following closely behind. Other important nations contributing to the epitaxial wafers market are the United States, Canada, the United Kingdom, Germany, France, and Italy. Over the projected period of 2022 to 2027, the UAE, Saudi Arabia, Brazil, and Argentina are expected to increase.

Epitaxial Wafer Market Leader

II-VI Epiworks Inc is the leading company in the global epitaxial wafer market.

Epitaxial Wafer Market Key Players

  1. GlobalWafers (Taiwan)
  2. Nichia Corp (Taiwan)
  3. Epistar (Taiwan)
  4. MOSPEC (Taiwan)
  5. Showa Denko (Japan)
  6. Sumimoto Corp (Japan)
  7. Wolfspeed (US)
  8. IntelliEPI (US)
  9. Siltronic (Germany)
  10. Aixtron (Germany)

Impact of COVID-19

The COVID-19 epidemic has had a substantial impact on the global epitaxial wafer sector. New projects have come to a halt around the world, resulting in a huge drop in demand for these systems. Workers have stayed at home, causing global supply lines to be interrupted as firms struggle to incorporate new epitaxial wafers. COVID-19 has a temporary impact on this market because only the production and supply chain is halted.

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