According to our latest market study on “Silicon EPI Wafer Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Wafer Size, Application, End User, and Type,” the market is expected to grow from US$ 3,008.57 million in 2022 to US$ 4,997.32 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2022 to 2028.
The silicon EPI wafer is an extraordinary semiconductor material combined with the epitaxial development that is a testimony of a crystalline layer over a semiconductor substrate based on crystalline, known as silicon EPI wafer. The EPI wafers are utilized to develop thick dopes as a high purity layer. An EPI wafer is used for microelectronics, photonics, photovoltaics, or spintronics in various applications such as LED, smartphones, laptops, gyroscopes, gaming consoles, and tablets.
According to reports by the US Energy Information Administration (EIA), despite supply chain bottlenecks, higher shipping costs, and rising critical commodity prices, the need for renewable energy installations reached new highs. In the first eight months of 2021, wind and solar capacity additions totaled 13.8 GW, up by 28% over the same period in 2020. Many cities, states, and utilities in the US have set high energy targets by raising renewable portfolio standards and mandating energy storage purchases. Simultaneously, governments’ goal of fully decarbonizing North American economies is encouraging activities in the renewable energy industry, and most governments are launching new solar energy-based mega projects. Solar cells, made from silicon EPI wafers, are employed to convert solar energy into electric energy. Thus, new government programs and advancements in the energy sector are driving the demand for silicon EPI wafers in North American countries.
The key stakeholders considered in the silicon EPI wafer market report are raw material vendors, wafer manufacturers, semiconductor equipment manufacturers, OEMs, integrated device manufacturer’s, device manufacturers, and end user. In recent years, the demand for silicon EPI wafers, especially in IT, telecommunication, and consumer electronics, has been growing at an impressive pace owing to the manufacturing of newer semiconductor devices and the increasing adoption of consumer electronics products. Some key Silicon EPI manufacturers include Shin-Etsu Chemical Co., Ltd.; SUMCO Corporation; GlobalWafers Japan Co., Ltd.; Siltronic AG, and SK Siltron Co., Ltd.. Silicon EPI wafer system integrator plays a crucial role in the ecosystem by deploying the silicon wafer in the circuit boards and converting it into an end user-based product, which is widely used in devices such as TV sets, smartphones, and others. Various distributors provide the final products through their sales channels to various end users. The distributors mentioned above reach the end user of this product to complete the channel. The end-user industries covered in the silicon EPI wafer market report include consumer electronics, IT & telecommunication, automotive, health care, and military & defense. Silicon EPI wafers are also being actively used in the IT and telecommunication industry, which is anticipated to boost the global silicon EPI wafer market growth during the forecast period of 2022 - 2028. Furthermore, while doing the silicon EPI wafer market study, a few major associations include Semiconductor Industry Association (SIA) and SEMI Silicon Manufacturers Group (SMG).
Impact of COVID-19 Pandemic on Silicon EPI Wafer Market
According to Electronics Component Industry Association, the COVID-19 pandemic hindered the supply chain, canceled trade events, delayed product releases, and disrupted many industry activities. Due to the containment norms, the electronics & semiconductors industry players had to halt their operations temporarily. Further, the manufacturers of various electronics and semiconductors products, which use silicon EPI wafers as a core component, had to experienced delays in lead time, which negatively impacted the silicon EPI wafer market growth in 2020 and 2021.
The silicon EPI wafer market is segmented into wafer size, application, industry, and type. Based on wafer size, the silicon EPI wafer market is segmented into 6 inch, 8 inch, 12 inch, and others. Based on application, the silicon EPI wafer market is categorized into LED, power semiconductor, and MEMS-based device. On the basis of end user, the silicon EPI wafer market is segmented into consumer electronics, automotive, healthcare, aerospace and defense, and others. Based on type, the silicon EPI wafer market is bifurcated into heteroepitaxy and homoepitaxy. Based on geography, the silicon EPI wafer market is segmented into North America, Europe, APAC, the Middle East & Africa, and South America.
The companies profiled in the silicon EPI wafer market study are Applied Materials, Inc.; II-VI Incorporated; Shin-Etsu Chemical Co., Ltd.; SUMCO Corporation; Wafer World Inc.; Siltronic AG; Nichia Corporation; GlobalWafers Japan Co., Ltd.; EpiGaN nv (Soitec Belgium N.V.); and SK Siltron Co., Ltd.
Silicon EPI Wafer Market Share – by Region, 2021
Silicon EPI Wafer Market Share, Insights, forecast by 2028
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Silicon EPI Wafer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others), Application (LED, Power Semiconductor, and MEMS-based Device), End User (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, and Others), and Type (Heteroepitaxy and Homoepitaxy)
Silicon EPI Wafer Market Share, Insights, forecast by 2028
Download Free SampleSilicon EPI Wafer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others), Application (LED, Power Semiconductor, and MEMS-based Device), End User (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, and Others), and Type (Heteroepitaxy and Homoepitaxy)
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