According to a new report, published by KBV research, The Global Epitaxial Wafer for Compound Semiconductor Market size is expected to reach $7.8 billion by 2030, rising at a market growth of 13.2% CAGR during the forecast period.
The CS Power Electronics segment is leading the Global Epitaxial Wafer for Compound Semiconductor Market by Application in 2022; thereby, achieving a market value of $2.5 billion by 2030. One of the key drivers boosting demand for epitaxial wafers, primarily for power electronics solutions across all end-user sectors, is the rising desire for goods that use less power. As more manufacturers start exploring SiC, particularly when talking about modules for electric vehicles/hybrid electric vehicles, the demand for IGBTs and MOSFETs may continue to rise.
The Defense/Security segment is registering a CAGR of 13.9% during (2023 - 2030). Compound semiconductors are used in many military-specific devices because they offer better electrical properties than silicon-only based semiconductors, like direct band gap and high electron mobility. Particularly, chips based on gallium nitride (GaN) and gallium arsenide (GaAs) are most frequently used in military-specific applications.
The Asia Pacific region dominated the Global Epitaxial Wafer for Compound Semiconductor Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.5 billion by 2030. The Europe market is poised to grow at a CAGR of 12.6% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 12.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/epitaxial-wafer-for-compound-semiconductor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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