A Comprehensive Study Exploring Epitaxial Wafer Market | Key Players Profiles: Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc

Market Overview:
A thin film and a substrate are connected by an epitaxy wafer. The epitaxy wafer's growth refers to the crystal growth that is being done on the substrate's crystal and placed in accordance with the crystal phase of the substrate. There are two methods for depositing the epitaxial layer: heteroepitaxy and homoepitaxy. When a crystalline film is produced using the same substance as the substrate, this is known as homoepitaxy. More frequently, heteroepitaxy develops a crystalline film formed of a substance other than the substrate.

𝗧𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗲𝗽𝗶𝘁𝗮𝘅𝗶𝗮𝗹 𝘄𝗮𝗳𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗮𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 𝗨𝗦$ 𝟮.𝟳𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟭𝟳 𝗮𝗻𝗱 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗨𝗦$ 𝟳.𝟴𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟲, 𝗲𝘅𝗵𝗶𝗯𝗶𝘁𝗶𝗻𝗴 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟭𝟮.𝟰% 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗽𝗲𝗿𝗶𝗼𝗱.

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Competitive Landscape:
Major players operating in the global itaxial wafer market include

▪ Sumitomo Electric Industries Ltd.
▪ SK Siltron Co., Ltd.
▪ Nichia Corporation
▪ Masimo Semiconductor
▪ IQE PLC
▪ Intelligent Epitaxy Technology Inc
▪ GLC Semiconductor Group
▪ Epistar Corporation
▪ Cree Inc
▪ II-VI Incorporated.

Key Market Drivers:
Epitaxial wafer demand is being fueled by the expanding use of LED lighting around the world, which is a major driver driving the growth of the epitaxial wafer market. For instance, the data by Coherent Market Insights shows that the global rate of LED lighting adoption climbed to 27% in 2016 from 15% in 2015. The demand for energy-efficient lighting products is on the rise, which helps to reduce electricity consumption. As a result, LED lighting is increasingly being used in place of conventional lighting in the residential, commercial, and industrial sectors. The majority of LED lights contain several ICs. These integrated circuits are made from silicon wafer chips because silicon wafer is an inexpensive semiconductor that is simple to slice into wafers. Each wafer is then subjected to CMOS techniques to produce a thousand ICs. Therefore, the producer coatings this silicon wafer with an epitaxial layer to improve performance. The epitaxial layer that is growing on top of the silicon wafer serves to improve the wafer's electrical properties, which in turn improves the power capacity of LED lighting.

Detailed Segmentation:
Global Epitaxial Wafer Market, By Deposition
Type:
◦ Heteroepitaxy
◦ Homeoepitaxy
Global Epitaxial Wafer Market, By Wafer Size:
◦ 50mm to 100mm
◦ 100mm to 150mm
◦ Above 150mm
Global Epitaxial Wafer Market, By Application:
◦ LED Semiconductor
◦ Power Semiconductor
◦ MEMS-based devices

Covid-19 Impact Analysis:
During the COVID-19 pandemic, the high spread of the virus affected the growth of the global itaxial wafer market. The main restraints were reduction in demand and supply, through which production plants were shut down. Transport restrictions and lockdown measures have also impacted the market growth.

Key Takeaways:
• North America is expected to dominate the growth of the global itaxial wafer market, owing to the increasing prevalence of semiconductor factories in the region. For instance, according to Fierce Electronics, there are around 102,000 semiconductor and circuit-producing employees in the United States.

• The Asia Pacific is estimated to witness high growth in the global itaxial wafer market, owing to the high expansion of semiconductor companies in the region. For instance, according to the India Electronics & Semiconductor Association, there are more than international and national semiconductor manufacturing companies in India.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀
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This release was published on openPR.