Increasing Demand from Semiconductors to Invite Extensive Growth for Epi Wafer Market through Forecast Period of 2020-2030

- Burgeoning demand for energy-efficient electronics and electrical products are stated to bring immense growth prospects for the global Epi wafer market through the forecast period of 2020-2030

- The TMR researchers, after a thorough analysis, conclude that the global Epi wafer market may expand at a CAGR of ~6 percent across the assessment period of 2020-2030

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.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79986

Epi Wafer Market: From Analysts' Desk

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 the Epi 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.

Request the Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=79986

Global Epi Wafer Market: Segmentation

By Material

• Gallium
• Arsenic
• Gallium Nitride (GaN)
• Gallium Arsenide (GaAs)
• Indium Phosphide Gallium Arsenide (InGaAs)
• Indium Phosphide (InP)
• Others

By Wafer Size

• 50mm to 100mm
• 100mm to 150mm
• 150mm-200mm
• Above 200mm

By Application

• Microelectronics
• Optoelectronics
• RF Microwave Applications
• Others

By Region

• North America
• Europe
• Asia Pacific
• MEA
• South America

Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:

Touch Screen Display Market – The global market for touch screen displays has gained a significant momentum over the past few years, thanks to the technological advancements and the subsequent shift of consumers towards the newest technology. The leading manufacturers of touch screen displays across the world are increasingly adopting the latest technologies in order to enhance the customers' experience.

Dimmer and Color Tunable Market – The advent of the COVID-19 pandemic is expected to influence the expansion of the market for dimmer and color tunable products in the first half of the forecast period. Although new technologies are entering the market space at a rapid pace, the demand for dimmer and color tunable products is expected to witness a decline particularly in the first half of 2020. Companies are increasingly focusing on minimizing supply chain disruptions, as lighting systems are critical in both outdoor as well as indoor applications.

Targeting Pods Market – The defense sector around the world is increasingly leaning toward the deployment of optical targeting pods (OTPs) in aircraft. The onset of a precision targeting system wherein optical targeting facilitators designate, identify, and track targets using laser beams has gained considerable popularity across the world due to which, the demand for targeting pods is expected to witness consistent growth particularly in the first half of the forecast period.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/epi-wafer-market.htm

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

SOURCE Transparency Market Research