EPITAXIAL WAFER MARKET ANALYSIS

Epitaxial Wafer MarketSize and Trends

The Epitaxial Wafer Market size was valued at USD 2,778 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12.9% from 2022 to 2030.  Epitaxial Wafer, otherwise called Epi-wafer is put over other silicon wafer through epitaxial process. Epitaxy is the process of depositing a monocrystalline silicon layer over a silicon wafer's polished crystal surface. On top of a polished wafer, layers of single silicon carbide crystals many micrometers thick are added to make an epitaxial wafer. Its seamless production necessitates precise control over thickness, carrier concentration, and defect density.

 Compound semiconductor epitaxial wafers are processed to produce chips and integrated circuits (ICs), which can be found in a wide range of technological gadgets worldwide. The wireless, photonic, and electronic performance of the wafers is determined by the epitaxial layers.

Market- Trends

In 2022, the epitaxial wafer market in Asia-Pacific held the largest share of the global market. This market's expansion can be attributed to a variety of factors, including the growing use of IoT, self-driving cars, and smartphone penetration. Thicker and smaller integrated circuits (ICs) have emerged as a result of rising smartphone demand and advancements in smartphone technology. The building blocks of semiconductors are these silicon wafers, and semiconductor devices or chips are made on these substrates. Computers, consumer electronics, telecommunications products, and other electronic devices all make use of these semiconductors. As a result, manufacturers are coating this wafer with epitaxial wafer to boost the power of these electronic devices in response to rising demand. As a result, it is anticipated that this factor will increase demand for epitaxial wafer in the region over the anticipated time frame.

In addition, this region is the largest consumer of semiconductor integrated circuits due to the presence of significant manufacturers like Samsung, Sony, LG, Toshiba, Panasonic, Toyota, and Honda. IC production is accelerated when players are present. As a result, there will be an increase in demand for epitaxial wafer in this particular region as a result of this.