LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global epi wafer market is projected to grow to USD 4.25 billion by 2021, at a CAGR of close to 12% over the forecast period.
This research report titled ‘Global Epi Wafer Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
An epi wafer, which is a combination of different semiconductor materials and dopants, helps determine the performance of photonics and radiofrequency semiconductor components. The sustainable growth of the semiconductor industry is driving the growth of the global epi wafer market.
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Based on application, the report categorizes the global epi wafer market into the following segments:
- LED semiconductor
- Power semiconductor
- MEMS-based devices
The top three revenue-generating application segments in the global epi wafer market are discussed below:
“LED manufacturers create the highest demand for epi wafers, generating over 60% of the overall market revenue. The popularity of LED lights among consumers due to their energy efficiency is driving the demand,” says Sunil Kumar Singh, a lead analyst at Technavio for semiconductor equipment research.
The need for reducing the overall electricity consumption and the growing awareness of green technology among consumers have compelled manufacturers to adopt energy-efficient and eco-friendly lighting technology, such as LED lighting. Additionally, many governments are also taking up multiple projects and providing subsidies to promote LED lights, which is creating additional revenue for the epi wafer market.
The power semiconductor segment is projected to be worth USD 1.27 billion by 2021, driven by the increasing requirement for power management integrated circuits (ICs). Also, the high demand for voltage regulators in portable applications worldwide, such as in smartphones is creating a high demand for epi wafers.
The need for power-efficient and higher performance solutions in battery-powered portable devices present many opportunities for power management ICs, which creates more opportunities for the expansion of the epi wafer market in the power semiconductor sector.
“The MEMS-based devices segment of the market is set to showcase a CAGR of over 14% through the forecast period. The significant adoption rates of epi wafers in MEMS integrated devices such as smartphones, wearables, tablets, vehicles, medical devices, and industrial devices is expected to drive the growth of the market segment,” says Sunil.
MEMS devices such as pressure sensors, gyroscopes, accelerometers, digital compasses, micromirrors, and modern pico projectors use epi-wafers with thicker epi wafer layers. Thick epi makes way for lower manufacturing costs, while providing higher device performance and sensitivity.
The top vendors highlighted by Technavio’s research analysts in this report are:
- GlobalWafers Japan
- SHOWA DENKO K.K.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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