Epitaxial Wafer Market to reach $8.07 Bn by 2028: COVID Impact, Trends, and Forecast

Released Month: April 2021

Evolve Business Intelligence, today has published a new market research report onThe global epitaxial wafer market size was valued at $2.69 Billion in 2020 and is expected to reach $8.07 Billion by 2028 growing at the CAGR of 14.53% from 2021 to 2028

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Epitaxial wafer market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Epitaxial wafer market report also includes the following data points:

  • COVID19 Impact on Epitaxial wafer market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the Epitaxial wafer market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “the COVID-19 pandemic had a negative impact on the epitaxial wafer market. New projects throughout the world have been on halt and factories have struggled to integrate new epitaxial wafers as workers have stayed in their homes, and there has been a disruption in the global supply chains, which, in turn, have led to a significant decline in demand for an epitaxial wafer.”

Competitive Scenario
Some of the major Epitaxial wafer players holding high market share include Intelligent Epitaxy Technology Inc, IQE, Masimo Semiconductor, and Nichia Corporation. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders

Segmental Analysis
The Epitaxial wafer market is analyzed across the below-mentioned segments:

  • Application
    • Compound Semiconductor Power Electronics
    • Compound Semiconductor RF/Microwave
    • Compound Semiconductor Photonics
    • Compound Semiconductor Sensing
    • Compound Semiconductor Quantum
    • Others
  • End-User
    • Digital Economy
    • Industrial and Energy & Power
    • Defense/Security
    • Transport
    • Consumer Electronics
    • Healthcare
    • Space

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Epitaxial wafer market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

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

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the Epitaxial wafer market, in terms of value, segmented based on indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the Epitaxial wafer market
  • To provide an overview of the value chain analysis about the Epitaxial wafer industry
  • To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall epitaxial wafer market
  • To analyze opportunities in the market by identifying high-growth segments of the Epitaxial wafer market
  • To profile key players in the Epitaxial wafer market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Epitaxial wafer market

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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