Global Epi Wafer Market Research Report 2024(Status and Outlook)

Global Epi Wafer Market Research Report 2024(Status and Outlook)

Report Overview

An epitaxial wafer (also called epi wafer,epi-wafer, or epiwafer) is a wafer of semiconducting material made by epitaxial growth (epitaxy) for use in photonics, microelectronics, spintronics, or photovoltaics. The epi layer may be the same material as the substrate, typically monocrystaline silicon, or it may be a more exotic material with specific desirable qualities. The use of epitaxial method has several advantages. First, the dual-carrier transistor requires an epitaxial layer to form a heavy doped deep buried layer in the deep part of the silicon, which cannot be completed by technology such as ion implantation or diffusion; Another advantage is that the epitaxial layer provides different physical properties than the substrate wafer; What is more, the deposition of the epitaxial layer on electronic devices such as transistors and ICs makes them free of imperfections, thereby reducing device failure and enhancing reliability at the time of fabrication; Finally, the epitaxial layer increases the breakdown voltage and enhances the switching speed in transistors.

The global Epi Wafer market size is projected to reach US$ 8396.83 Million by 2028, from US$ 5329.48 million in 2021, at a CAGR of 6.65% during 2022-2028. Mainly due to its technological superiority, the range of applications of Epi wafer is becoming wider. Plus, there are emerging applications such as DRAM, flexible OLED displays, and AMOLED displays, which are expected to drive up the demand for Epi wafer. The growth of downstream market demand is also an important driver of its development. One of the downstream industries is IT telecommunication. The usage of EPI wafer can boost the development of telecommunication and the expansion of the telecommunication market will drive the demand for ERI wafer. Also, the consumer electronics market is driving the Epi wafer market. Epi wafers are widely used to improve the accuracy and performance of consumer electronic products like smart TVs, tablets, smartwatches, and smartphones. As a result, the increase in demand for epitaxial wafer in consumer electronics will futher boost the growth of the EPI wafer market globally. Lastly, the production of vehicles is anticipated to create a lot of opportunities for the vendors in the silicon epitaxial wafers market.

In additon, technological advancements will further boost the Epi wafer market. Research and development activities are being conducted to develop efficient and lightweight Epi wafers that can be more useful and convenient to the end-user. Furthermore, the upcoming 5G technology may invite exponential demand for Epi wafers across the telecommunication industry, thus inviting good growth opportunities.

COVID-19 has also had a negative impact on this market. The pandemic has disrupted global supply chains, and the price of raw materials has been more volatile, which has increased the cost of production and threatened profit margins. As a high-cost industry, this is undoubtedly a fatal blow. However, at present, the impact of the new crown pneumonia epidemic is fading, and upstream supply and downstream demand are also recovering, which will give the industry the opportunity to further development.

However, the market also faces some challenges. First, high failure rates and design-related complexity make epiwafers expensive to produce. To make matters worse, rising raw material prices will further exacerbate its production costs. The high production cost will hinder its marketization and large-scale application. At present, the global Epi wafer market is in short supply, mainly due to insufficient overall production capacity. The production of EPI silicon wafers is a complicated process, and its production has high requirements on technology, equipment, capital and related personnel. Therefore, mass production is very difficult. Although many companies are investing in expanding production, it will take time to reach production capacity. Insufficient production capacity is expected to severely restrict market development.

By type, Epi wafers can be divided into 2 inches, 4 inches, 6 inches, 8 inches, etc. In 2021, 8 inches will have the highest market share at 29.94%, followed by 6 inches (25.26%). In the forecast period of 2022-2028, the market size of 6 inches and 8 inches will grow at a compound annual growth rate of 8.18% and 10.23%, respectively. The CAGR of Epi wafers, another type, has remained below 2.24% during the forecast period. Notably, the other two wafer sizes (2-inch and 4-inch) will experience a negative CAGR over the forecast period.

From the perspective of application scenarios, the Epi wafer market can be divided into LED semiconductors, power semiconductors, and MEMS-Based devices. The power semiconductor segment currently occupies a dominant position in the entire market, and has already occupied a 49.90% market share in 2021. It is expected that the market share of power semiconductors will increase slightly to 50.47% in 2022. The other two had similar market shares during the calculation period.

On the basis of geography, the Epi wafer product market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific region dominates and will continue to lead the market share, currently accounting for 70.37% in 2021. The second largest market share is currently North America, with a market share of 17.49% in 2021.

In 2021, according to our calculations, the two indicators used to measure market concentration, CR5 and HHI, will be 57.36% and 7.02% respectively. This shows that the Epi wafer market is currently not concentrated. The key players in the market include Shin-Etsu (S.E.H), SUMCO, Coherent Corp, Siltronic AG, SK siltron Co.,Ltd, Global Wafers, IQE, Showa Denko, Zhejiang Jinruihong (QL Electronics), Visual Photonics Epitaxy, Wafer Works Corporation, Silicon Industry Group, Nanjing Guosheng Electronics, Hebei Puxing Electronics, Nichia, Super Silicon Semiconductor (AST), IntelliEPI, Xiamen Powerway Advanced Material, etc.

This report provides a deep insight into the global Epi Wafer market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Epi Wafer Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Epi Wafer market in any manner.

Global Epi Wafer Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Shin-Etsu (S.E.H)

SUMCO

Coherent Corp

Siltronic AG

SK siltron Co.,Ltd

Global Wafers

IQE

Showa Denko

Zhejiang Jinruihong (QL Electronics)

Visual Photonics Epitaxy

Wafer Works Corporation

Silicon Industry Group

Nanjing Guosheng Electronics

Hebei Puxing Electronics

Nichia

Super Silicon Semiconductor (AST)

IntelliEPI

Xiamen Powerway Advanced Material

Market Segmentation (by Type)

2 inches

4 inches

6 inches

8 inches

Others

Market Segmentation (by Application)

Silicon Wafer

Sapphire Wafer

Gallium Nitride (GAN)

Gallium Arsenide (GaAs)

Other Substrates

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Epi Wafer Market

Overview of the regional outlook of the Epi Wafer Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Epi Wafer Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.