Massive Growth of Global  Silicon Epitaxial Wafer Market by 2026| SweGaN AB, Sumco Corporation, GlobalWafers Japan CO. Ltd

MarketInsightsReports has published a report entitled Global Silicon Epitaxial Wafer Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The silicon epitaxial wafer market is expected to register a CAGR of 4.42% during the forecast period from 2020 to 2025. 

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Key Market Players: SweGaN AB, Sumco Corporation, GlobalWafers Japan CO. Ltd, Siltronic AG, MOSPEC Semiconductor Corporation, IQE PLC, II-VI Incorporated, SHOWA DENKO K.K.and Other

Industry News and Updates:

- May 2020 - SweGaN AB which manufactures custom gallium nitride on silicon carbide (GaN-on-SiC) epitaxial wafers for RF and power electronics devices, has announced a new benchmark for GaN high-frequency devices based on its QuanFINE material, reckoning that the demonstration promises commercial benefits for the entire GaN RF value chains including telecom, space, and military markets.
- March 2020 - Intel recognized 37 suppliers for their exceptional commitment to quality and performance in 2019. One among them was SUMCO Corporation for the supply of the 200mm and 300mm epitaxial and polished silicon wafers.

Key Market Trends

Power Electronics is Expected to Significant Share

- The growing need for power-efficient products is one of the major factors driving the demand for the epitaxial wafer for power electronics products, across all the end-user industries. Therefore, the vendors of the market studied are targeting a wide range of industries, to mitigate risk and expand their customer base. The IGBT and MOSFET markets may continue to increase, but a part of the market is expected to go to SiC, especially when discussing modules for EV/ HEV. Moreover, the demand for power MOSFET is supported by its growing use in replacing insulated-gate, bipolar transistors, and thyristors. Additionally, the significant advantage of using power MOSFET in reinforcing the power efficiency of devices at low voltages further drives the demand for the global power MOSFET market.
- The increasing usage of power electronics in consumer electronic devices is also fuelling the demand. The growing penetration of smartphones and smart devices, increasing the adoption of IoT devices, and increasing industrial usage is also a developing market for power electronics. The high demand for power electronics devices has also resulted in a shortage of 200 mm wafers, in 2018 and 2019. The customer demand is falling because major customers still have equipment vast inventory. The long-term growth in the power electronics market is also driving 300 mm wafer-based production. More than seven global power electronics vendors have announced an investment in new fabrication capabilities to be in production from 2021.

Asia-Pacific is Expected to Hold Major Share

- The semiconductor wafer market is expected to start ramping up 200 mm manufacturing, between 2021-2022. The overall demand for 300 mm wafers is expected to grow by 2025; the market studied may also witness advancement and innovation. Due to their dominance in semiconductor manufacturing, Asia-Pacific is also dominating the market studied. The high market price of the SiC substrate and the growing LED demand forced many Asian manufacturers to GaN wafers. However, in 2019-2020, many of the Chinese LED manufacturers overproduced GaN wafers. The Metalorganic Chemical Vapour Deposition (MOCVD) market is also witnessing a significant overcapacity for GaN LED production compared to what is produced.
- The studied market is also seeing an increasing number of partnerships and collaborations in the region, which is also expected to bring advancement into the studied market and will also expand the scope over the forecast period. For instance, in June 2020, Taiwan-based LED epitaxial wafer and chip manufacturer, Epistar, and vertically integrated LED firm, Lextar Electronics (a subsidiary of AU Optronics), announced to jointly establish a holding company A via share conversion. Acting as an III-V semiconductor investment platform, Company A is committed to flourishing existing businesses of Epistar and Lextar and exploring advanced technologies for applications, including mini/micro-LED displays, intelligent sensing, and III-V microelectronics fields.
- In June 2020, Taiwan-based supplier of compound semiconductor epitaxial wafers, Intelligent Expiataxy Technology (IntelliEPI), installed new 6-8 sets of MBE (molecular beam epitaxy) equipment at its new plant, for production of GaN/SiC epitaxial wafers, during the second half of 2020. This was mainly to increase the companys output to meet the demand arising from the proliferation of 5G. The company also witnessed a revenue growth in 2019 due to the growing demand for GaAs and InP-based epi wafers to support 5G infrastructure applications. It is also engaged in the development of HBT (heterojunction bipolar transistor) products jointly with its clients.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Silicon Epitaxial Wafer market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Silicon Epitaxial Wafer market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Silicon Epitaxial Wafer market.

Market Segments: This part of the report discusses product type and application segments of the global Silicon Epitaxial Wafer market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Silicon Epitaxial Wafer used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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