Global Diamond Semiconductor Substrates Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Diamond Semiconductor Substrates Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Diamond semiconductor substrates refer to the use of diamond as a semiconductor material for its high thermal conductivity and electrical performance. Diamond Semiconductor Substrates are cutting-edge materials that offer exceptional thermal performance, superior power handling capabilities, and high-frequency operation for advanced semiconductor devices. These substrates are highly coveted for their unique properties, including excellent mechanical, electrical, and chemical characteristics that enable them to outperform other traditional semiconductor substrates significantly. 

Market Overview:

The latest research study on the global Diamond Semiconductor Substrates market finds that the global Diamond Semiconductor Substrates market reached a value of USD 35.6 million in 2023. It’s expected that the market will achieve USD 77.15 million by 2029, exhibiting a CAGR of 13.76% during the forecast period.

Before the war, the world economy was recovering from the blow brought by COVID-19. Supply chain disruptions exacerbated by the conflict in Ukraine and shutdowns in China due to a zero-coronavirus policy have dealt a severe blow to the economic recovery. Growth in almost all economies will be significantly weaker than expected. Many of the worst-hit countries are in Europe, which is vulnerable to war due to energy imports and refugee flows. Countries around the world are being hit by rising commodity prices, which have added to inflationary pressures, dampening real income and spending, further dampening the economic recovery. This is expected to affect the consumption capacity of the downstream market of the Diamond Semiconductor Substrates industry, affecting the growth of the industry.

The war has had a huge global impact on inflation, which has hit its highest level in 40 years in Germany, the UK and the US, new forecasts from the OECD show. A gradual easing of supply chain and commodity price pressures and the impact of higher interest rates should begin to materialize in 2023, but core inflation in many major economies is expected to remain at or above central bank targets by year-end. This is expected to affect the consumption capacity of the downstream market of the Diamond Semiconductor Substrates industry, affecting the growth of the industry.

Russia and Ukraine are important suppliers to many commodity markets. Together, they account for 30 percent of global wheat exports, 20 percent of corn, mineral fertilizers and natural gas, and 11 percent of oil. After the war broke out, the prices of these commodities rose sharply. Without action, the risk of a food crisis is high. Supply disruptions are intensifying, threatening especially low-income countries that are highly dependent on Russia and Ukraine for basic staples. With public budgets stretched for two years by the COVID-19 pandemic, these countries may struggle to provide their people with food and energy at affordable prices, risking famine and social unrest. Political and social stability is an important basic condition for the development of the Diamond Semiconductor Substrates market, which will affect the growth of the Diamond Semiconductor Substrates industry in some regional markets.

Diamond Semiconductor Substrates have excellent performance

In recent years, driven by emerging industries such as electric vehicles and 5G communications, the third-generation semiconductor industry dominated by silicon carbide and gallium nitride has received widespread attention and ushered in a period of rapid development. According to incomplete statistics from the third-generation semiconductor industry technology innovation strategic alliance (CASA), in 2017, countries and organizations such as the United States, Germany, the United Kingdom, and the European Union launched at least 12 R&D plans and projects. It can be seen that the related fields of wide bandgap semiconductors have become a hot industry at present. Diamond is the most promising candidate material for next-generation power devices. Its band gap (5.5 eV), thermal conductivity (2000 W/m K) and breakdown field strength (>10 MV/cm) are higher than those of SiC. And it has stable chemical properties and strong radiation resistance. Hence, future demand for higher performance materials is expected to drive the Diamond Semiconductor Substrates industry.

High demand for diamond substrates-based High Electron Mobility Transistors (HEMTs) will drive the Diamond Semiconductor Substrates industry forward

The diamond substrate provides a wide bandgap, high electron mobility conductor that has proven to meet the performance requirements of High Electron Mobility Transistors devices. Furthermore, diamond substrates HEMTs reduce thermal resistance between heat sources and diamond reduces thermal constraints, giving the device designer more options to exploit the inherent characteristics. These factors are increasing the Diamond Substrates Market size.

Region Overview:

In 2022, the share of the Diamond Semiconductor Substrates market in Europe stood at 29.87%.

Company Overview:

The major players operating in the Diamond Semiconductor Substrates market include Element Six, AKHAN Semiconductor , Orbray, Diamond Foundry, PAM-XIAMEN, etc. Among which, Element Six ranked top in terms of sales and revenue in 2023.

Element Six is a synthetic diamond supermaterials company and member of the De Beers Group of Companies. Element Six designs, develops and produces synthetic diamond supermaterials, and operates worldwide.

AKHAN Semiconductor is a fab-lite semiconductor company in the U.S. specializing in diamond semiconductor materials and devices.

Segmentation Overview:

By type, Polycrystalline segment accounted for the largest share of market in 2022.

The main difference between single crystal and polycrystalline diamond lies in the structure of diamond particles. single crystals are periodic across their entire volume; polycrystals are periodic across individual grains.

Application Overview:

The market's largest segment by application is the segment Heat sink, with a market share of 84.74% in 2022.

Key Companies in the global Diamond Semiconductor Substrates market covered in Chapter 3:

Element Six
Orbray
AKHAN Semiconductor
Sumitomo Electric
Diamond Foundry
EDP Corporation
DIAMFAB
PAM-XIAMEN
New Diamond Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Diamond Semiconductor Substrates market from 2019 to 2030 is primarily split into:

Single crystal
Polycrystalline

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Diamond Semiconductor Substrates market from 2019 to 2030 covers:

Wafer
Heat sink
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)