What is the current Epitaxy Equipment Market size?

The Epitaxy Equipment Market is projected to register a CAGR of 20% during the forecast period (2024-2029) Read More

Who are the key players in Epitaxy Equipment Market?

II-VI Incorporated, Applied Materials, Inc., DOWA Electronics Materials Co., Ltd., Intelligent Epitaxy Technology, Inc. and Optowell Co.,Ltd are the major companies operating in the Epitaxy Equipment Market. Read More

Which is the fastest growing region in Epitaxy Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Epitaxy Equipment Market?

In 2024, the North America accounts for the largest market share in Epitaxy Equipment Market. Read More

What years does this Epitaxy Equipment Market cover?

The report covers the Epitaxy Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Epitaxy Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Epitaxy Equipment Market Trends

Statistics for the 2023 & 2024 Epitaxy Equipment market trends, created by Mordor Intelligence™ Industry Reports. Epitaxy Equipment trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Epitaxy Equipment Industry

This section covers the major market trends shaping the Epitaxy Equipment Market according to our research experts:

Continuous Introduction of Disruptive LED Devices will Act as a Driver

The rise in demand for LED lights has favored the market substantially. With the growing demand for high-performance alternatives in the lighting industry, Epitaxial wafer has emerged as the best material for optimal performance.
The visible LED industry is diversifying its activities towards specialized UV and IR LEDs that are based on GaAs substrates. LED manufacturers are also developing new types of LEDs to continuallky create value in consumer displays, like miniLEDs and microLEDs. Apple for instance is has started adoption of its higher-end 2021 smartwatch model. MicroLEDs are also expected to be increasingly used in smartphone products, that will affect the epi-ready wafer market.
Further, researchers at the Sheffield University developed a new method to deposit high-brightness green InGaN microLED arrays. The new process, in which the InGaN stack is direectly grown within pre-patterned micro-hole arrays through a thin SiO2 layer is expected to aid their applications in this end user segment.

Understand The Key Trends Shaping This Market

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Asia - Pacific is Expected to be the Fastest Growing Market

According to data released by SEMI, Taiwan is expected to become the largest equipment market in the world in 2020, going ahead of Korea. China, and Korea are expected to occupy the second and third positions. The equipment market recovery is being fueled by advanced logic and foundry, multiple new projects in China, and, to some extent, growth in demand for memory chips.
The region has some of the worlds largest epitaxial wafer manufacturers that are expected to further expand their operations. EpiWorld , a leading China based producer for instance seeks to expand its production capacity. The company has completed production lines for 4- and 6-inch SiC epitaxial wafers for making 600V, 1,200V and 1,700V power devices.
Further, Government of India recently proposed launching a new scheme in line with the “Assemble In India" proposal of the 2019-20 Economic Survey to make India a hub for electronic manufacturing in the near future. India and Israel have been collaborating to facilitate development of the Indian electronics manufacturing industry and the the 11th India Israel Forum recently proposed introduction of USD 912 million capex subsidy for new equipment introduction to the industry. Such steps are expected to aid market growth in the region.