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Si Epitaxial Wafer Market Report
Si Epitaxial Wafer Market Trends, Dynamics & Market Insights
The Si Epitaxial Wafer market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around xx% during the forecast period.
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An epitaxial wafer can be defined as a wafer of semiconducting material made by epitaxial growth (epitaxy) for use in applications including microelectronics, photonics, and photovoltaics. An epitaxial wafer made of silicon material is known as Si epitaxial wafer. Based on type, it can be categorized as a homoepitaxial epitaxial wafer and heteroepitaxial epitaxial wafer.
Key players operating in the Si Epitaxial Wafer market are-
The growth of the Si epitaxial wafer market is primarily driven by widespread use in applications such as diodes and power source products. The growing electrical and electronics industry with rising demand for advanced electronic devices is likely to drive the growth of the global Si epitaxial wafer market at a significant rate during the review period. In addition to this, the increasing adoption of electronic devices across verticals is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the Si epitaxial wafer market has been bifurcated into the diode, power-source products, and others. Under these, the diode segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to its widespread use in electronics.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the established presence of the electrical & electronics industry in developing countries particularly China and India countries coupled with increasing demand for advanced electronic devices. The market growth in the North American region is expected to be driven by the presence of key market players such as Silicon Valley Microelectronics (US) and SRI International (US).
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the Si epitaxial wafer market negatively as the imposition of complete lockdown and restrictions on trade affected the supply of the product for a short period of time.
Here is the list of the group of customers that the Si epitaxial wafer market hopes to have the greatest opportunity to convert-
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Topsil GlobalWafers A/S (Denmark), GlobalWafers Singapore Pte. Ltd. (US), Jenoptik AG (Ger-many), Silicon Valley Microelectronics (US), NTT Advanced Technology Corporation (Japan), Ep-iGaN (Belgium) and SRI International (US) are among the key players in the Si epitaxial wafer market.
Widespread use in applications such as diodes and power source products is the prime factor driving the growth of Si epitaxial wafer market.
The diode segment accounted for the largest share in the Si epitaxial wafer market in 2020.
Asia-pacific is expected to grow at a significant CAGR in the Si epitaxial wafer market in the coming years.
Si epitaxial wafer distributors, Si epitaxial wafer suppliers, Si epitaxial wafer manufacturers, Logistics organizations, Government bodies are the target audience in the Si epitaxial wafer market.
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