Exclusive Report on Global Epitaxial Wafer Industry: Increasing number of IoT devices to boost the market

The global Epitaxial Wafer market size was valued at $2.69 Billion in 2020 and is expected to reach $8.07 Billion by 2028 growing at the CAGR of 14.53% from 2021 to 2028.

Markets for compound semiconductor epitaxial wafers are projected to grow in the forecast period owing to growth in the number of internet-of-things (IoT) devices, increasing use of compound semiconductors in consumer electronics, and potential increase of compound semiconductors in automotive industry.

However, growth of the global market for compound semiconductors is expected to be restrained by increases in cost of production of these wafers. Emerging applications of price-sensitive chips that combine low levels of silicon with high levels of gallium arsenide are projected to drive demand for compound semiconductor epitaxial wafers.

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Key Players

Some of the major Epitaxial Wafer players holding high market share include II-VI Incorporated, Cree Inc, Epistar Corporation, and GLC Semiconductor Group. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● II-VI Incorporated
● Cree Inc
● Epistar Corporation
● GLC Semiconductor Group
● Intelligent Epitaxy Technology Inc.
● IQE
● Masimo Semiconductor
● Nichia Corporation
● SK Siltron Co., Ltd
● Sumitomo Electric Industries Ltd.

The recently published research report on Global Epitaxial Wafer Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Epitaxial Wafer market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Epitaxial Wafer market report also includes the following data points:
● COVID19 Impact on Epitaxial Wafer market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Epitaxial Wafer market

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Segmental Analysis

Segment By Application with the focus on market share, consumption trend, and growth rate of Epitaxial Wafer Market:
o Compound Semiconductor Power Electronics
o Compound Semiconductor RF/Microwave
o Compound Semiconductor Photonics
o Compound Semiconductor Sensing
o Compound Semiconductor Quantum
o Others

Market Segment By End-User with focus on market share, consumption trend, and growth rate of Epitaxial Wafer Market:
o Digital Economy
o Industrial and Energy & Power
o Defense/Security
o Transport
o Consumer Electronics
o Healthcare
o Space

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific dominating the market for epitaxial wafers, followed by Europe and North America. The rising popularity of advanced electronic equipment and devices like high end laptops, gaming consoles, and other smart gadgets are fueling the market for epitaxial wafers across the Asia Pacific. China is leading the market across the Asia Pacific, followed by Japan, India, South Korea, Taiwan among others. The U.S., Canada, U.K., Germany, France, Italy are among other major countries contributing in the epitaxial wafers market.

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