Market Size of Epitaxy Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 20.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Epitaxy Equipment Market Analysis
The Epitaxy Equipment Market is expected to grow at a CAGR of 20% during the forecast period 2021 - 2026. The growth of the market can be attributed to the continuous introduction of new LED devices and their growing applications in power industry.
- Further, they are being increasingly used in wireless applications like satellite communication. AIXTRON SE provided Sumitomo Electric Device Innovations, Inc.with an AIX G5+ tool with 8x6-inch wafer configuration in order to expand the production capacity of GaN-on-SiC radio frequency (RF) devices for aiding the growth of rapidly expanding 5G mobile networks.
- The growth of alternative non-silicon-based substrates such as GaAs, GaN, SiC and InP are creating new avenues for the market. Moreover, wide-bandgap materials like SiC substrates are being increasingly deployed in the power electronics market. Power consumption reduction is necessary for electrification of transportation, renewable energy, motor drives and power supply applications.
- The outbreak of the novel coronavirus, is expected to negatively affect silicon wafer sales in the second half of 2020 with possible effects on price negotiations in 2021. China's small-diameter silicon wafer facilities have been affected as utilization dropped between 30 percent and 50 percent in February. By the end of March, however the utilization rate at Chinese silicon wafer manufacturers has recovered to around 80 percent. Taking into account the Chinese recovery, we project a V-shaped recovery for the market, if proper stimulus packages are announced by the markets across the globe.
