Global Epitaxial Wafer Market to be Driven by Rising Demand for Consumer Electronics in the Forecast Period of 2024-2032

30 NORTH GOULD STREET, SHERIDAN, WYOMING, UNITED STATES, October 30, 2023 /EINPresswire.com/ -- The new report by Expert Market Research  titled, ‘Global Epitaxial Wafer Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032’, gives an in-depth analysis of the global epitaxial wafer market, assessing the market based on its segments like type, wafer size, application, industry vertical and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2032)

Forecast CAGR (2024-2032): 12.25%

The usage of semiconductors in electronic applications across numerous business verticals can be linked to the expanding demand for epitaxial wafers. The market for epitaxial wafers is growing due to the rising market penetration of consumer electronics such as laptops and smartphones. The increasing prevalence of IoT linked devices is increasing the market need for power electronics, which is being used in the manufacturing process of numerous semiconductor components as a result of rapid industrialisation, technological innovation, and rising disposable incomes. As a result, the use of an epitaxial wafer in consumer electronics is boosting the market’s growth.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/epitaxial-wafer-market/requestsample

Epitaxial Wafer Industry Definition and Major Segments

A wafer of semiconducting material composed via epitaxial growth or epitaxy for application in photonics, spintronics, microelectronics, or photovoltaics is known as an epitaxial wafer. Epitaxy is the method of depositing thin layers of semiconductor materials onto a single crystal substrate’s surface. An epilayer is a name given to each of these layers. Epitaxy is mostly used to improve wafer functioning.

On the basis of type, the market can be divided into:

Heteroepitaxy
Homoepitaxy

Based on wafer size, the market segmentations include:

2-4 Inch
5-8 Inch
9-12 Inch
Others

The market, on the basis of application, can be divided into:

LED
Power Semiconductor
MEMS-Based Devices
Others

On the basis of industry vertical, the market can be categorised into:

Consumer Electronics
Automotive
Healthcare
Industrial
Others

The EMR report looks into the regional markets of epitaxial wafer-like:

North America
Latin America
the Asia Pacific
Europe
the Middle East
Africa

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/epitaxial-wafer-market

Epitaxial Wafer Market Trends

The increased market penetration of energy-efficient LED lighting is driving the global epitaxial wafer industry. Low production costs and increased device sensitivity, both of which are connected with epitaxial wafer technology, are driving market expansion. The adoption of LED lighting infrastructure is accelerating in both developed and developing countries, thanks to rising consumer awareness of green technology and a growing focus on decreasing overall electricity use. Furthermore, government initiatives such as awareness campaigns and subsidies to encourage the use of LED lighting are boosting epitaxial wafer market growth.

Key Market Players

The major players in the market are Nichia Corporation, SUMCO Corporation, Soitec Belgium N.V., Siltronic AG, and Wafer World Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research
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