Shibuya-ku, Tokyo, Japan, Japan, Aug 30, 2022, 10:07 /Comserve / -- Silicon Epitaxial Wafer Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The silicon epitaxial wafer market is expected to register a CAGR of 4.42% during the forecast period. The growing demand for advanced semiconductors and increasing innovative end-user applications are significant factors driving the market studied. Epitaxial is mainly done to enhance the functionality of wafers. In recent years, technology has become essential for the manufacturing of highly integrated semiconductor elements (ICs), image sensors (CIS), and specific power semiconductors.
- The overall semiconductor industry has been witnessing a decline from the previous year, which is further expected to continue in 2020, due to the COVID-19 outbreak. However, globally, the silicon wafer shipments rebounded slightly in Q1 2020, after declining for one year. Logic, analog ICs, discrete components, microprocessors, image sensors, power and optoelectronics, and IGBTs, among others, are some of the significant applications of epitaxial wafers that have gained market momentum in recent years. In 2019, memory devices contributed a substantial portion of the overall demand for ICs. However, all of these categories are witnessing a declining growth rate from the last two years, the trend that is expected to continue in 2020.
- Silicon epitaxial wafers are mainly driving the market studied, owing to their adoption in numerous high-end, power electronics applications, such as an electric vehicle or renewable energy. In May 2020, SEMI reported that the worldwide silicon wafer area shipments grew by 2.7% to 2,920 million sq. Inches in Q1 2020, as compared with Q4 2019 shipments of 2,844 million sq. Inches, but dropped 4.3% Y-o-Y. GaN material is the emerging trend in the market studied, and its applications in the LED market mainly drive it. In 2019, most of the new epitaxy growth equipment was adopted for LED and power applications. Complexities associated with the design, high rates of product development, and top equipment costs are some of the major restraining factors in the industry.
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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.
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- 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.
Competitive Landscape
The silicon epitaxial wafer market is moderately competitive and consists of a significant amount of major players. In terms of market share, none of the major players currently dominate the market. Along with an increased focus on product innovation, the companies are also getting engaged in mergers and acquisitions to stay competitive.
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Market Drivers
4.4.1 Miniaturization of Technology
4.4.2 Rise in Demand of High Performance Lighting
4.5 Market Restraints
4.5.1 Complexities Associated with the Design
4.6 Impact of COVID-19 on the Overall Semiconductor Industry
5 MARKET SEGMENTATION
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