Report : Europe Silicon EPI Wafer Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others), Application (LED, Power Semiconductor, and MEMS-Based Device), End User (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, and Others), and Type (Heteroepitaxy and Homoepitaxy)
At 7.6% CAGR, the Europe Silicon EPI Wafer Market is speculated to be worth US$ 1,173.68 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe silicon EPI wafer market was valued at US$ 546.83 million in 2022 and is expected to reach US$ 850.90 million by 2028, registering an annual growth rate of 7.6% from 2022 to 2028. Rising demand for epitaxial wafer in consumer electronics and increasing use of wafers in automotive industry are the critical factors attributed to the market expansion.
The incorporation of cutting-edge optical, wireless, computer, and power electronic systems into new and existing vehicle platforms benefits consumers with better safety, comfort, and fuel efficiency. Compared to their conventional silicon equivalents, wide-band-gap semiconductors, such as silicon carbide (SiC), offer unique physical features that enable great power-handling capabilities, efficient switching, and lower losses in power devices. In the scenario where electrical energy is being used at a high scale, the wide-band-gap semiconductors provide a significant contribution to the reduction in CO2 emissions. IQE provides dependable and cutting-edge epitaxial wafer and substrate materials to automotive semiconductor manufacturers. The basic electronics of light detection & ranging (LiDAR) systems for advanced driver assistance systems (ADAS) and upcoming driverless cars are made possible by the cutting-edge GaInAsN VCSEL and Avalanche Photodiodes (APD) epitaxial wafers. The GaN epitaxial wafer materials of IQE are ideally positioned to develop communication systems for connected cars as well as power-efficient electronics that extend the driving range of electric vehicles (EVs) as well as boost the fuel efficiency of internal combustion engines (ICEs). With these features, the application of silicon EPI wafers is on the rise in the automotive section, which is fueling the market growth.
On the contrary, high cost of wafer manufacturing of Europe silicon EPI wafer market.
Based on wafer size market is segmented into 6-inch, 8-inch, 12 inch, and others. The 12-inch segment held 56.6% market share in 2022, amassing US$ 309.39 million. It is projected to garner US$ 511.13 million by 2028 to expand at 8.7% CAGR during 2022–2028.
Based on application, the Europe silicon EPI wafer market is divided into led, power semiconductor, and mems-based device. The led, segment held 47.6% market share in 2022, amassing US$ 260.56 million. It is projected to garner US$ 435.47 million by 2028 to expand at 8.9% CAGR during 2022–2028.
Based on end user, the Europe silicon EPI wafer market is divided into consumer electronics, automotive, healthcare, aerospace and defense, and others. The consumer electronics segment held 34.1% market share in 2022, amassing US$ 245.04 million. It is projected to garner US$ 434.10 million by 2028 to expand at 10.0% CAGR during 2022–2028.
Based on type, the Europe silicon EPI wafer market is bifurcated into heteroepitaxy and homoepitaxy. The Homoepitaxy segment held 69.3% market share in 2022, amassing US$ 378.88 million. It is projected to garner US$ 623.58 million by 2028 to expand at 8.7% CAGR during 2022–2028.
Based on country, the Europe silicon EPI wafer market has been categorized into Germany, France, Italy, Russia, UK and Rest of Europe. Our regional analysis states that Germany captured 31.5% market share in 2022. It was assessed at US$ 172.47 million in 2022 and is likely to hit US$ 289.82 million by 2028, exhibiting a CAGR of 9.0% during the forecast period.
Key players dominating the Europe silicon EPI wafer market are Applied Materials, Inc.; II-VI Incorporated; Shin-Etsu Chemical Co., Ltd.; SUMCO CORPORATION; Siltronic AG; NICHIA CORPORATION; EpiGaN nv (Soitec Belgium N.V.); and SK Siltron Co., Ltd.
- In 2019, EpiGaN nv was acquired by Soitec, a pioneer in designing and manufacturing innovative semiconductor materials.
- In 2022, II-VI Incorporated announced its investment in 150 mm and 200 mm silicon carbide (SiC) substrate and epitaxial wafer manufacturing with the large-scale factory expansions in Kista, Sweden and Easton, Pennsylvania. This is part of the Company’s $1 billion investment which was previously announced in SiC over the next 10 years.
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