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
Download Sample
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.
Get Analysis on Important Geographic Markets
Download Sample
