Epitaxial Wafer Market is projected to reach $7.27 billion by 2027

Epitaxial Wafer Market For Compound Semiconductor By Application (CS Power Electronics, CS RF/Microwave, CS Photonics, CS Sensing, and CS Quantum) and End User (Digital Economy, Industrial and Energy & Power, Defense/Security, Transport, Consumer Electronics, Healthcare, and Space): Global Opportunity Analysis and Industry Forecast, 2020-2027.

Epitaxial Wafer Market Outlook For Compound Semiconductor – 2027 

The global epitaxial wafer market size for compound semiconductor was valued at $2.65 billion in 2019, and is projected to reach $7.27 billion by 2027, growing at a CAGR of 13.2% from 2020 to 2027. A compound semiconductor epitaxial wafer is made up of epitaxial growth (epitaxy) to be used in photonics, microelectronics, spintronics, and photovoltaic among others.

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Compound semiconductor epitaxial wafer provides faster switching at high power with increased energy efficiency and promotes improved performances. 

Factors such as advantage of compound semiconductor wafers over silicon-based wafers, increase in demand for compound semiconductor epitaxial wafer in consumer electronics, and emerging trends toward wafers in automotive industry are major factors that drive the epitaxial wafer market growth for compound semiconductor to a certain extent.

However, increase in cost of wafer manufacturing is expected to pose a major threat to the epitaxial wafer industry for compound semiconductor globally. However, emerging usage of compound semiconductors in smart technologies and increasing popularity of IoT in wafers is expected to provide lucrative opportunities to the market growth globally.

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Competitive Analysis

Competitive analysis and profiles of the major epitaxial wafer market for compound semiconductor players, such as II-VI Incorporated, Cree Inc., Epistar Corporation, GLC Semiconductor Group, Intelligent Epitaxy Technology Inc., IQE PLC, Masimo Semiconductor, Nichia Corporation, SK Siltron Co., Ltd., and Sumitomo Electric Industries Ltd. are provided in this report.

These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration and strengthen their position in the industry. 

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global epitaxial wafer market size for compound semiconductor along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall epitaxial wafer market analysis for compound semiconductor is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current epitaxial wafer market forecast for compound semiconductor is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the epitaxial wafer market share for compound semiconductor of key vendors.

Epitaxial Wafer Market Report Highlights

AspectsDetails
By ApplicationCS Power ElectronicsCS RF/MicrowaveCS SensingCS Quantum
By End UserDigital EconomyIndustrial and Energy & PowerDefense/SecurityTransportConsumer ElectronicsHealthcareSpace
By RegionU.S. UK China Rest of the World 
Key Market PlayersII-VI Incorporated, CREE, INC., EPISTAR Corporation, GLOBAL COMMUNICATION SEMICONDUCTORS, LLC, Intelligent Epitaxy Technology, Inc. (IntelliEPI), International Quantum Epitaxy Plc., Masimo Semiconductor, Inc., NICHIA CORPORATION, SK SILTRONIC, Sumitomo Electric Industries, Ltd.

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