Epi Wafer Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45077

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The Epi wafer market has the potential to grow by USD 2.75 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.07%.

This epi wafer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (LED semiconductors, power semiconductors, MEMS-based devices, and others) and geography (APAC, North America, Europe, South America, and MEA). The Epi wafer market report also offers information on several market vendors, including Applied Materials Inc., GlobalWafers Co. Ltd., II-VI Inc., IntelliEPI Inc., IQE Plc, Jenoptik AG, Nichia Corp., Shin-Etsu Chemical Co. Ltd., SHOWA DENKO K.K., and Xiamen Powerway Advanced Material Co. Ltd. among others.

What will the Epi Wafer Market Size be in 2021?


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Epi Wafer Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The epitaxial deposition improving the performance of devices is notably driving the Epi wafer market growth, although factors such as the need for a thorough inspection of epitaxial film surface may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the epi wafer market industry get your FREE report sample now.

  • Epitaxial deposition improving the performance of devices is a key driver boosting the epi wafer market growth. 
  • The deposition of an epitaxial layer on the wafer has grown since the year 2000. This is because the deposition helps enhance the performance of the devices such as transistors and ICs.
  • The deposited layers are designed to have various compositional and electrical properties from the underlying wafer, which can be adjusted as per the requirements of devices such as transistors and ICs. 
  • The addition of an epitaxial layer on a transistor raises its breakdown voltage and increases the transistors switching speed.
  • Sustainable growth in the global semiconductor industry is another key driver augmenting the growth of the epi wafer market growth.
  • The semiconductor industry has been growing steadily on a global level. 
  • The increase in sales of microelectronics and consumer electronic devices is supporting the growth of the semiconductor industry.
  • With the advances in the consumer electronics sector, such as the emergence of 3D and ultra-high definition (UHD) TVs and hybrid laptops, the demand for semiconductor ICs will rise steadily during the forecast period, which will create the demand for semiconductor devices.

This Epi wafer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Epi Wafer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • Applied Materials Inc.
  • GlobalWafers Co. Ltd.
  • II-VI Inc.
  • IntelliEPI Inc.
  • IQE Plc
  • Jenoptik AG
  • Nichia Corp.
  • Shin-Etsu Chemical Co. Ltd.
  • Xiamen Powerway Advanced Material Co. Ltd.


The Epi wafer market is fragmented and the vendors are deploying growth strategies such as acquiring smaller and regional players to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the Epi wafer market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Epi Wafer Market?


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75% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), Japan, and Taiwan are the key markets for Epi wafers in APAC. Market growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Epi Wafer Market?


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The Epi wafer market share growth by the LED semiconductors segment will be significant during the forecast period. The demand for Epi wafers is high from LED manufacturers, especially lighting manufacturers. LED lights are rapidly gaining traction among consumers due to their multiple benefits. The need for low electricity consumption and the growing awareness of green technology has compelled manufacturers to focus on energy-efficient and eco-friendly lights. Such factors will drive the LED semiconductors segment growth during 2021-2025.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the epi wafer market size.



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What are the Key Factors Covered in this Epi Wafer Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive epi wafer market growth during the next five years
  • Precise estimation of the epi wafer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the epi wafer industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of epi wafer market vendors

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Epi Wafer Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 12%

Market growth 2021-2025

$ 2.75 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 75%

Key consumer countries

China, South Korea (Republic of Korea), Japan, Taiwan, and US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Applied Materials Inc., GlobalWafers Co. Ltd., II-VI Inc., IntelliEPI Inc., IQE Plc, Jenoptik AG, Nichia Corp., Shin-Etsu Chemical Co. Ltd., SHOWA DENKO K.K., and Xiamen Powerway Advanced Material Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The epi wafer market growth will increase by $2293.63 million during 2019-2024.
The epi wafer market is expected to grow at a CAGR of 11.48% during 2019-2024.
Technavio has segmented the epi wafer market by application (LED semiconductors, Power semiconductors, MEMS-based devices, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Applied Materials Inc., Globalwafers Co Ltd., II-VI Inc., IntelliEPI Inc., IQE Plc, Jenoptik AG, Nichia Corp., Shin-Etsu Chemical Co. Ltd., SHOWA DENKO K.K., Xiamen Powerway Advanced Material Co. Ltd. are a few of the key vendors in the epi wafer market.
APAC will register the highest growth rate of 70.09% among the other regions. Therefore, the epi wafer market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • South Korea (Republic of Korea)
  • Japan
  • Taiwan
  • US
The key factors driving the epi wafer market growth are:
  • Epitaxial deposition improves performance of devices
  • Increase in number of fabless semiconductor companies and M&As
The epi wafer market vendors should focus on grabbing business opportunities from the led semiconductors segment as it accounted for the largest market share in the base year.
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