An interface between a substrate and a thin film is the epitaxy wafer. When an epitaxy wafer is grown, crystal growth takes place on the substrate's crystal and is arranged in accordance with the substrate's foundational crystal phase. There are two ways the epitaxial layer can be deposited over another substrate: Heteroepitaxy as well as homoepitaxy when a crystalline film is grown using the same substance as the substrate, this is called homoepitaxy. Heteroepitaxy, which produces a crystalline film from a different substance than the substrate, is more prevalent.

Market Dynamics:

One of the driving forces behind the market's expansion is the rising number of solar panel installations all over the world. This is because consumers are becoming more aware of the benefits of using solar energy. The utilization of silicon wafer in sun based cells has prompted expanding proficiency of sunlight powered charger, and that implies it produces more power per unit contrasted with traditional material that utilized in sun oriented cells. As a result, the use of silicon wafer for solar cell production will rise in response to its advantages. Accordingly, expanding interest for silicon wafer will drive wafer makers to cover that silicon wafer with epitaxial layer to build the proficiency of the board. Solar panels' performance is further enhanced by the coating on the epitaxial wafer. As a result, over the forecast period, demand for epitaxial wafer is anticipated to rise as a result of all of these factors.

Key features of the study:

• This report provides in-depth analysis of the epitaxial wafer market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the epitaxial wafer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

• Key companies covered as a part of this study EpiWorks Inc., GlobalWafer, Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd., Intelligent Epitaxy Wafer Size Inc., IQE plc, Xiamen Powerway Advanced Materials Co., Ltd., Visual Photonics Epitaxy Co., Ltd., Jenoptic AG, MOSPEC Semiconductor Corp., Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc., SVT Associates Inc., UniversalWafer Inc., Wafer Works Corporation, and Wafer Works Corporation and Others

• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The epitaxial wafer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the epitaxial wafer market

Detailed Segmentation:

• Global Epitaxial Wafer Market, By Deposition Type
  • Heteroepitaxy
  • Homeoepitaxy
• Global Epitaxial Wafer Market, By Wafer Size
  • 50mm to 100mm
  • 100mm to 150mm
  • Above 150mm
• Global Epitaxial Wafer Market, By Application
  • LED Semiconductor
  • Power Semiconductor
  • MEMS-based devices
• Global Epitaxial Wafer Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
  • Rest of the World
• Company Profiles:
  • EpiWorks Inc
  • GlobalWafer
  • Nichia Corporation
  • SHOWA DENKO K.K
  • Siltronic AG
  • Desert Silicon Inc
  • Electronics and Materials Corporation Ltd
  • Intelligent Epitaxy Wafer Size Inc.
  • IQE plc
  • Xiamen Powerway Advanced Materials Co., Ltd
  • Visual Photonics Epitaxy Co., Ltd
  • Jenoptic AG
  • MOSPEC Semiconductor Corp
  • Norstel AB
  • Ommic S.A., Silicon Valley Microelectronics Inc
  • SVT Associates Inc
  • UniversalWafer Inc
  • Wafer Works Corporation