The Europe Epitaxial Wafer for Compound Semiconductor Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
For a widening spectrum of technological applications, compound semiconductors provide significant performance advantages that are essential. Silicon-based compound semiconductors cannot run as quickly as those created with GaAs and InP materials. Compound semiconductors may also produce and receive a wide range of electromagnetic radiation, from high-frequency ultraviolet to long-wavelength infrared (IR) light. Another crucial aspect of these goods is their ability to emit and receive light through LEDs for general lighting and lasers and fiber-optic receivers for communications.
The epitaxial wafer, also called the epi wafer, aids in managing doping profiles that are impossible through conventional techniques like ion implantation and diffusion. It is utilized in constructing transistor and diode components, as well as bipolar and MOS substrates for integrated circuits (IC). It is also used in energy-saving technologies for various power-sourced objects and devices.
Additionally, it has many uses in computers, tablets, cellphones, gyroscopes, light-emitting diodes (LEDs), and game consoles. Consumer electronics are experiencing a significant increase in the demand for epitaxial wafers, allowing for better micro-electromechanical systems (MEMS) devices. This stands for one of the main elements boosting market expansion.
Nearly 25% of all new cars sold countrywide in the UK are battery-electric vehicles. Since the government is dedicated to keeping at the forefront of this transition, it was the first in the G7 to announce the phase-out dates for new gasoline and diesel cars, vans, and trucks. The UK is aware that focusing just on vehicles will only partially tackle the problem. It focuses on building a state-of-the-art infrastructure for charging cars to have zero emissions on the road. Since the government started funding the UK charging point industry in 2010, the range of facilities has dramatically increased. The majority of EVs in the UK may be charged at any public network outlet owing to increasing connection commonality. Hence, the booming automotive industry in the region would boost EV production and support market growth.
The Germany market dominated the Europe Epitaxial Wafer for Compound Semiconductor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $410.5 million by 2030. The UK market is exhibiting a CAGR of 11.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.4% during (2023 - 2030).
Based on Application, the market is segmented into CS Power Electronics, CS RF/Microwave, CS Sensing, CS Quantum, and CS Photonics. Based on End User, the market is segmented into Industrial, Energy & Power, Defense/Security, Digital Economy, Transport, Healthcare, Consumer Electronics, and Space. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Epitaxial Wafer for Compound Semiconductor Market is Projected to reach USD 7.8 Billion by 2030, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include II-VI Incorporated, WOLFSPEED, INC., Ennostar, Inc., GlobalWafers Co., Ltd. (Sino-American Silicon Products Inc.), SVT Associates, Inc., International Quantum Epitaxy, Plc., Masimo Semiconductor, Inc., Nichia Corporation, Siltronic AG and Sumitomo Electric Industries, Ltd.
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