ALBANY, N.Y, Nov. 19, 2020 /PRNewswire/ -- The Epi wafer market may gain prominent growth on the back of the escalating utilization of Epi wafers across a variety of applications. In addition, the extensive growth prospects across the telecommunication industry may further invite tremendous opportunities for the Epi wafer market through the assessment period.
Epi wafers are used significantly in consumer electronic devices such as smartwatches, smart TVs, tablets, and smartphones. The expanding demand for IR applications across hotels, airports, offices, commercial spaces, and others proves to be a growth multiplier. Epi wafers are the main component across IR detectors, thus opening doors of opportunity for the Epi wafer market.
According to the researchers at Transparency Market Research (TMR), the global Epi wafer market is expected to expand at a CAGR of ~6 percent through the assessment period of 2020-2030. The global Epi wafer market is anticipated to cross a value of US$ 5.8 bn by the end of the forecast period.
Technological advancements are penetrating at a rapid rate into the Epi wafer market. Research and development activities are being conducted to develop efficient and lightweight Epi wafers that can be more useful and convenient to the end-user. Furthermore, the upcoming 5G technology may invite exponential demand for Epi wafers across the telecommunication industry, thus inviting good growth opportunities.
The analysts at Transparency Market Research attribute the Epi wafer market to grow on the back of technological advancements like the Internet of Things (IoT), artificial intelligence (AI), high-performance computing, and the latest technologies in 5G.
The analysts further state that even if the microelectronics-based applications are acquiring prominence in the Epi wafer market, the consistent failures in microelectronic chips are holding back the growth. The analysts advise the players in the Epi wafer market to address the issues in the microelectronic-based applications to gain good growth.
Analyze global Epi wafer market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Epi Wafer Market: Key Revelations
On the basis of material, Gallium Arsenide (GaAs) is expected to hold a large market share of the Epi wafer market during the assessment period of 2020-2030
The optoelectronics segment may hold a prominent share of the Epi wafer market in terms of applications
The U.S. will hold a major share of North America's Epi wafer market
India is expected to bring good growth for Asia Pacific's Epi wafer market
Explore 182 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into theEpi Wafer Market (Material: Gallium, Arsenic, Gallium Nitride [GaN], Gallium Arsenide [GaAs], Indium Phosphide Gallium Arsenide [InGaAs], Indium Phosphide [InP], and Others; Wafer Size: 50mm to 100mm, 100mm to 150mm, 150mm-200mm, and Above 200mm; Application: Microelectronics, Optoelectronics, RF Microwave Applications, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/epi-wafer-market.html
Epi Wafer Market: Growth Boosters
The telecommunication industry is expected to bring profitable growth for the Epi wafer market during the forecast period of 2020-2030.
Prodigious demand for RF devices may bring considerable growth for the Epi wafer market
The utilization of Epi wafers in semiconductors will further add extra stars of growth to the Epi wafer market
Epi Wafer Market: COVID-19 Impact
The Epi wafer market, like many sectors suffered a loss due to the COVID-19 outbreak. All the manufacturing sectors and production units were shut due to the lockdown implementations. This aspect affected the Epi wafer market negatively. The semiconductor sector has suffered a minor loss due to the pandemic. Thus, this sector may help the Epi wafer market to revive lost growth.
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