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The Global Epitaxial Wafer Market Growth Accelerated By Burgeoning Electronics Industry

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Pooja Khodke
The Global Epitaxial Wafer Market Growth Accelerated By Burgeoning Electronics Industry

Epitaxial wafers are extensively used in the manufacturing of various electronic components and devices in the electronics industry due to their superior conductivity and reliability. Their ability to grow and deposit single crystals of semiconductor material on a crystalline base simplifies the electronic device production process.

The global Epitaxial Wafer Market is estimated to be valued at Us$ 938.32 Bn in 2023 and is expected to exhibit a CAGR Of 4.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The demand for epitaxial wafers is being driven significantly by the growth of the electronics industry. Epitaxial wafers find extensive application in the fabrication of integrated circuits used in smartphones, laptops, computers and various other consumer electronic devices. Increased penetration of consumer electronics products boosted by rising disposable income has augmented the consumption of epitaxial wafers globally. Moreover, the rising production of electric vehicles has also propelled the market as epitaxial wafers are widely utilized in semiconductors and power devices in EV components. The development of advanced 5G infrastructure for high-speed internet connectivity further bolsters the demand.


Segment Analysis


The global epitaxial wafer market is segmented based on application into MEMS devices, power semiconductor devices, and optoelectronic devices. The power semiconductor devices segment is expected to dominate the market during the forecast period. This is because epitaxial wafers are widely used in the production of power electronic devices such as IGBTs, MOSFETs, and thyristors that are essential components of power management systems employed in various end-use industries including automotive, consumer electronics, and industrial.


Key Takeaways


The Global Epitaxial Wafer Market Demand is expected to witness high growth during the forecast period of 2023 to 2030. The global Epitaxial Wafer Market is estimated to be valued at US$ 938.32 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.


Regional analysis


Asia Pacific is expected to dominate the global epitaxial wafer market during the forecast period. This is attributed to the presence of major wafer and semiconductor manufacturers in countries such as Taiwan, China, South Korea, and Japan. The growing demand for consumer electronics and electric vehicles from developing nations is also driving the demand for epitaxial wafers in the region.


Key players :


Key players operating in the epitaxial wafer market are EpiWorks Inc., Global Wafers Japan Co. Ltd., Applied Materials Inc., ASM International, and Taiyo Nippon Sanso Corporation.


EpiWorks Inc. is a leading manufacturer and supplier of advanced compound semiconductor epitaxial wafer and materials, providing high quality GaAs, InP, GaN, and SiC epitaxial wafers to the worldwide IC and optoelectronics industries.

Get more insights on this topic :

https://www.insightprobing.com/the-growing-global-consumer-electronics-industry-is-driving-the-epitaxial-wafer-market/


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