Epitaxial Wafer Market | Top business growing strategies, technological innovation and emerging trends

Epitaxial Wafer, also known as Epi-wafer is placed over other silicon wafer through epitaxial process. Epitaxy is a process in which a monocrystalline silicon layer is deposited over the polished crystal surface of a silicon wafer. This wafer acts as semiconducting substrate for applications such as microelectronics, photovoltaic, and photonics. There are two types of epitaxial wafer named; Homoepitaxy and Heteroepitaxy.

Major key players operating in the Epitaxial Wafer Market are: EpiWorks Inc., Global Wafers Japan Co. Ltd., Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd. Intelligent Epitaxy Technology Inc.IQE plc. , Jenoptic AG, MOSPEC Semiconductor Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc. ,SVT Associates Inc. Universal Wafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd.

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Regional Insights:
The market for epitaxial wafer in Asia Pacific accounted for largest share in the global market in 2017. The factor attributed to growth of this market is increasing penetration of smartphones, increasing adoption of IoT, self-driving cars, and others. For instance, according to the Coherent Market Insights' analysis, the number of smartphone users in India was 292.6 million in 2016 and it has grown to 342 million in 2017. Increasing demand for smartphones and advancement in smartphone technology has led to development of thinner and smaller ICs.

Silicon wafers form the building blocks of semiconductors, and semiconductor devices or chips are fabricated on these substrates. These semiconductors are then used in electronic devices ranging from computers to consumer electronics, telecommunication products, etc. Hence, growing demand for these electronic products is driving manufacturers to coat this wafer with epitaxial wafer that further increase the power of these electronic devices. Therefore, this factor is expected to propel demand for epitaxial wafer in the region over the forecasted period.

Market Driver:
Increasing silicon wafer shipments is driving growth of the market. For instance, according to SEMI (a global industry association serving the manufacturing supply chain including Semiconductors, Sensors, High-Brightness LED, Photovolatics PV, Flat Panel Display, Micro-ElectroMechanical Systems, and Flexible, Hybrid and Printed Electronics), total silicon wafer area shipments reached 3,255 million square inches during the third quarter of 2018, a 3.0% rise from the 3,164 million square inches shipped during the second quarter of 2018.

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This release was published on openPR.