Silicon Epitaxial Wafer Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Silicon Epitaxial Wafer market in 2021?

The global silicon epitaxial wafer market is expected to reach a market size of USD 12.5 billion by the end of 2021, with a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Silicon epitaxial wafers are crucial components in the semiconductor industry, used in the manufacturing of various electronic devices.

COVID-19 Impact on the Silicon Epitaxial Wafer Market

The COVID-19 pandemic had a significant impact on the silicon epitaxial wafer market. The global supply chain disruptions, lockdown measures, and restrictions on manufacturing facilities resulted in a temporary decline in the market demand. However, with the gradual easing of restrictions and the increasing demand for electronic devices, the market is expected to recover steadily.

Silicon Epitaxial Wafer Dynamics

The silicon epitaxial wafer market is driven by the increasing demand for semiconductor devices, the growing adoption of advanced technologies such as 5G, IoT, and AI, and the rising investments in R&D activities. Additionally, the market is witnessing significant growth due to the expanding consumer electronics industry and the automotive sector's shift towards electric vehicles.

Segments and Related Analysis

The silicon epitaxial wafer market is segmented based on wafer diameter, application, and region. By wafer diameter, the market is categorized into 100mm, 150mm, 200mm, and 300mm. In terms of application, the market is segmented into consumer electronics, automotive, industrial, and others. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

In 2021, the Asia Pacific region dominated the silicon epitaxial wafer market, driven by the presence of major semiconductor manufacturers in countries like China, Japan, and South Korea. North America and Europe also hold significant market shares due to the high demand for electronics and technological advancements in the regions.

Key Market Players and Competitive Landscape

Some of the key players in the silicon epitaxial wafer market include Shin-Etsu Chemical Co., Ltd., Sumco Corporation, Okmetic Oy, GlobalWafers Co., Ltd., and Siltronic AG. These players focus on strategic collaborations, product launches, and technological advancements to strengthen their market position and expand their product portfolios.

Recent Happenings in the Silicon Epitaxial Wafer Market

In recent developments, Shin-Etsu Chemical Co., Ltd. announced the launch of a new line of silicon epitaxial wafers with enhanced performance characteristics. Sumco Corporation also unveiled a breakthrough technology for producing ultra-thin silicon wafers, catering to the demand for miniaturized electronic devices. These advancements reflect the continuous innovation and evolution in the silicon epitaxial wafer market.