Global Indium Phosphide (InP) Wafers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indium Phosphide (InP) Wafers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indium phosphide (InP) wafers stand for indium phosphide wafers, are prepared from indium phosphide that is a binary semiconductor. It has a cubic crystalline assembly centered on the face, similar to most of the semiconductors. Also, it is manufactured by integrating the clean components at high pressure and high temperature. The indium phosphide wafers offer a superior electron velocity than most of the other popular semiconductors such as silicon.

Market Overview:

The latest research study on the global Indium Phosphide (InP) Wafers market finds that the global Indium Phosphide (InP) Wafers market reached a value of USD 224.62 million in 2022. It’s expected that the market will achieve USD 477.66 million by 2028, exhibiting a CAGR of 13.4% during the forecast period.

Market Drivers

The growth of the telecommunications industry Due to the development of wireless technology, the growth of the telecommunications sector has witnessed a significant increase in indium phosphide wafers. Optical fiber communication is currently the most important and critical use of InP. Indium phosphide wafers are dominated by high-speed optical fiber communication because InP can emit and detect wavelengths above 1000 nm. InP wafers are used for high-power and high-frequency optoelectronic devices, including laser diodes, photodetectors, LEDs, and optical transceivers, which operate in optical fiber communication systems.

Compared with existing systems (such as copper), InP-based telecommunications and data communication systems provide orders of magnitude higher energy efficiency and lower environmental impact. The ability to support the ever-increasing storage requirements and data transmission growth in the coming years has become critical. Communication networks around the world operate by using InP lasers, which connect switches and routers within and between data centers and throughout the Internet.

The arrival of 5G Only the light emitted by the laser made of indium phosphide wafers can be transmitted without loss in the optical fiber, which is the core material of 5G. Equipment manufacturers are increasingly keen to utilize the high electron mobility of this material in the manufacture of HBT and HEMT. In the next few years, 5G mobile networks can bring great hope for this type of substrate.

Many companies are focused on bringing new innovations to the growth of this market. For example, AXT's InP substrates are mainly supplied to manufacturers of lasers and photodetectors used in fiber-optic network applications, including fiber-to-the-home and data center communications. Crystacomm offers 6-inch InP technology, which is essential for the development of cost-effective InP transistors for 5G wireless devices.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Sumitomo Electric Industries, AXT Inc., JX Nippon Mining & Metals Corporation , Wafer Technology and Wafer Technology are the five key players in the global Indium Phosphide (InP) Wafers market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Indium Phosphide (InP) Wafers market in the past 5 years.

Sumitomo Electric Industries (SEI) is Japan's largest producer of wire and cable, and makes several other products including wiring harnesses for cars, flexible printed circuits, and optical fiber for telecommunications.

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor wafer substrates comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge).

Segmentation Overview:

Among different product types, 2 inches segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Optoelectronic Components segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Indium Phosphide (InP) Wafers market covered in Chapter 3:

Semiconductor Wafer, Inc. (SWI)
JX Nippon Mining & Metals Corporation
Sumitomo Electric Industries
Wafer Technology
DT Wafer-Tech
Yunnan Germanium
Wafer World Inc.
InPACT
AXT Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Indium Phosphide (InP) Wafers market from 2018 to 2029 is primarily split into:

2 inches
3 inches
4 inches
6 inches

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indium Phosphide (InP) Wafers market from 2018 to 2029 covers:

Optoelectronic Components
Photovoltaics
High-speed Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)