Global Silicon EPI Wafer Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value

"The Business Research Company recently released a comprehensive report on the Global Silicon EPI Wafer Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The silicon epi wafer market size has grown strongly in recent years. It will grow from $1.7 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to semiconductor industry growth, miniaturization of devices, rising demand for high-performance chips, consumer electronics boom, increased connectivity demand.

The silicon epi wafer market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to demand for energy-efficient devices, smart manufacturing trends, increased demand for mems devices, sustainable semiconductor manufacturing, automotive electronics evolution. Major trends in the forecast period include growing demand for advanced semiconductor devices, rising adoption of 5g technology, integration of silicon epi in power electronics, miniaturization and increased device complexity, emergence of silicon carbide (sic) and gallium nitride (gan) competition, shift toward finfet and 3d transistor technologies.

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Market Drivers and Trends:

The development of 5G infrastructure is expected to propel the growth of the silicon EPI wafer market going forward. 5G refers to a mobile network that is fifth-generation. Silicon EPI wafers play a crucial role in 5G infrastructure by enabling the production of high-frequency, high-performance semiconductor devices, such as RF amplifiers and switches, essential for the efficient and rapid transmission of 5G signals. For instance, in May 2023, according to Telefonaktiebolaget LM Ericsson, a Sweden-based information and communication technology company, it is expected that 4.624 billion 5G mobile subscriptions will be in place, up from 1.481 billion in 2023. Therefore, the development of 5G infrastructure is driving the silicon EPI wafer market.

New-generation silicon EPI wafers are the key trend gaining popularity in the silicon EPI wafer market. The new generation of silicon EPI wafers would provide improved performance, greater accuracy, and flexibility, as well as ease of integration into systems. For instance, in September 2022, AIXTRON, a Germany-based deposition equipment company, introduced its new G10-SiC 200 mm system for high-volume production of SiC power devices of the latest generation on 150/200 mm SiC wafers. The new G10-SiC system is based on the proven G5 WW C 150 mm platform and offers a versatile dual wafer size configuration of 9x150 and 6x200 mm. This feature is critical for the SiC industry's transition from 150 mm (6 Inch) to 200 mm (8 Inch) wafer diameter. The Aixtron G10-SiC device structure supports a wide range of device structures, including single and double drift layer structures that meet stringent 150 mm uniformity requirements of sigma values less than 2% for doping and thickness.

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Major Key Players of the Market:

Shin-Etsu Chemical Co. Ltd., Silicon United Manufacturing Corporation, Wafer World Inc., Siltronic AG, Sino-American Silicon Products Inc., Applied Materials Inc., Coherent Corp., Nichia Corporation, GlobalWafers Japan Co. Ltd., EpiGaN nv, SK Siltron Co. Ltd., SweGaN AB, Mospec Semiconductor Corporation, IQE PLC, Okmetic Oy, Shanghai Simgui Technology Co., Episil-Precision Inc., Zing Semiconductor, Soitec Anonyme - SA, Tower Semiconductor, United Microelectronics Corporation, Taiwan Semiconductor Manufacturing Company, Intel Corporation, NXP Semiconductors, STMicroelectronics Small Shareholders' Group, Texas Instruments, Analog Devices, Zhonghuan Huanou, MEMC Electronic Materials Inc., LG Siltron Inc.

Silicon EPI Wafer Market 2024 Key Insights:

• The silicon epi wafer market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Consumer Electronics Adoption Fuels The Silicon Epi Wafer Market
• Next-Generation Silicon Epi Wafers Revolutionize The Market
• Asia-Pacific was the largest region in the silicon EPI wafer market in 2023

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