Global Epitaxial Wafer Market to Surpass US$7.83 billion by 2026 – Coherent Market Insights
SEATTLE, Nov. 26, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, global epitaxial wafer market was valued at US$ 2.79 billion in 2017 and is projected to exhibit CAGR of 12.4% over the forecast period (2018 – 2026).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/epitaxial-wafer-market-2277
Key Trends and Analysis of the global epitaxial wafer Market:
Increasing level of automation in vehicle is one of the latest trends that has led to high demand for semiconductor products which in turns increase demand for epitaxial wafer. Automotive manufacturers use various types of semiconductor ICs in applications such as airbag control, anti-lock braking system, GPS, power doors and windows, car navigation and display, and automated driving. This factor has created a conducive environment for growth of epitaxial wafer market over the forecasted period.
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Key Market Takeaways:
- The global epitaxial wafer market is projected to witness CAGR of 12.4% during the forecast period (2018 – 2026), owing to growing semiconductor industry along with increasing usage of smartphones, tablet, and other electronic gadgets, globally. For instance, according to the Coherent Market Insights’ analysis, smartphone sales in 2015 was 800 million units and it is expected to reach up to 1000 million units, globally.
- The market in Asia Pacific expected to exhibit highest CAGR over the forecast period (2018-2026).The factor attributed to growth of the market is booming electronic industry especially in India and China. This has led to increasing demand for semiconductors for manufacturing electronic products. For instance, according to the Coherent Market Insights’ analysis, in China the consumption value of semiconductor in 2016 was US$ 185.3 billion and it has reached up to US$ 196 billion in 2017.This factor further increases demand for epitaxial wafer, in order to increase electrical properties of electronic products.
- Based on wafer size, above 150nm segment expected to exhibit the highest CAGR over the forecast period. Factors driving growth of the segment is larger size of wafer produces more number ICs from single wafer which further increase efficiency and productivity.
- Major players operating in global epitaxial wafer market include EpiWorks Inc., GlobalWafer, Nichia Corporation, SHOWA DENKO K.K., Miltonic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd., Intelligent Epitaxy Wafer Size Inc., IQE plc., Jenoptic AG, MOSPEC Semiconductor Corp Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc., SVT Associates Inc., UniversalWafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd.
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