Press Release

LED Semiconductor to Register Highest Growth in Asia Pacific Epiwafer Market During Forecast Period

Increasing use of LED lighting is expected to drive the growth of Asia Pacific epiwafer market through 2024

According to TechSci Research report, Asia Pacific Epiwafer Market By Type, By Deposition Type, By Size, By Shape of Wafer, By Application, By End User Industry, Competition, Forecast & Opportunities, 2024, the Asia-Pacific epiwafer market is expected to grow at a formidable rate during the forecast period on account of the higher device sensitivity and the performance of epiwafer. However, design complexities associated with epiwafer can hamper the market growth during forecast period.

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The Asia-Pacific epiwafer market is segmented based on type, deposition type, size, shape of wafer, application, end user industry, company and country. Based on size, the market can be categorized into 50-100mm, 100-150mm and above 150mm. The above 150mm wafer size is expected to dominate the market since larger size of wafer produces more number ICs from single wafer, thereby increasing efficiency and productivity. Based on application, the market can be grouped into LED semiconductor, power semiconductor and others. The LED semiconductor segment is expected to register the highest growth during forecast period attributable to growing popularity of LED lights among consumers owing to their high energy efficiency.

Tokyo Electron Limited, Nichia Corporation, Hitachi Kokusai Electric Inc., Global Wafers Japan Co. Ltd., Showa Denko K. K., Siltronic AG, Electronics and Materials Corporation Ltd, Jenoptik AG, MOSPEC Semiconductor Corporation, Wafer Works Corp. and others are some of the leading players operating in Asia-Pacific epiwafer market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Asia-Pacific epiwafer market is expected to witness significant growth during the forecast period, owing to the booming electronic industry in the region especially in India and China. This has led to increasing demand for semiconductors for manufacturing electronic products. Additionally, rising popularity of advanced electronic equipments and devices like high end laptops, gaming consoles and other smart gadgets are further expected to propel the market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia Pacific Epiwafer Market By Type, By Deposition Type, By Size, By Shape of Wafer, By Application, By End User Industry, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Asia-Pacific epiwafer market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific epiwafer market.

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