Silicon Epitaxial Wafer Market By Type (Homoepitaxial Epitaxial Wafer, Heteroepitaxial Epitaxial Wafer), By Applications (Power Electronics, MEMS-Based Devices, RF Electronics, Photonics, Others), By Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others), By End User (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, and Others), and Geography 

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Silicon Epitaxial Wafer Market was valued at USD 3,295.6 million in 2022 and is expected to grow at a CAGR 4.5%  from 2023 to 2029. A silicone epitaxial wafer is a single-crystalline silicone wafer made up of semiconducting material made by epitaxial used in various applications such as photonics, microelectronics, photovoltaics. The growing demand for smartphones and other electronic devices is expected to drive the silicone epitaxial wafer market growth. For instance, the silicone epitaxial wafers are used in the production of microprocessors, memory devices, and power devices which are used in smartphones, laptops, and other electronic devices. In addition, the increasing adoption of electric vehicles and renewable energy sources are expected to boost the growth of silicon epitaxial wafers market. For instance, government across many countries are launching new solar energy mega projects, contributing to the growth of silicon epitaxial wafer market. Furthermore, growing demand for high-performance electronics devices is expected to have a positive impact on the market growth as these wafers have high thermal conductivity, low power consumption, and high radiation resistance. However, high production cost associated with manufacturing of silicon epitaxial wafers. For instance, in April 2019 Shin-Etsu Chemical Co. announced a price hike on all silicone wafer products to rise from 10% to 20%. In addition to that, strict government regulations regarding the use of hazardous chemicals in the production of these wafers are expected to hinder the market growth over the forecast period. Moreover, introduction of new technologies and development of new applications are expected to open significant opportunities to market players in this growth of silicon epitaxial wafers market. For instance, emerging applications such as artificial intelligence, internet of things, and 5G require high-performance semiconductor devices that needs silicon epitaxial wafers.  

Silicon Epitaxial Wafer Market Key Developments:
In June 2022, Global Wafers Taiwan Co Ltd invested USD 5 billion in a new plant which manufactures 300-millimeter silicon wafers used in semiconductors in Texas.

Silicon Epitaxial Wafer Market Summary

Study Period


Base Year




Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Silicon Epitaxial Wafer Market Dynamics

The silicon epitaxial wafer market is expected to grow over the forecasted period due to the increasing demand for electric vehicles and hybrid vehicles across the globe. The automotive industry is shifting towards electric vehicles owing to strict emission regulations, environmental concerns, and fluctuating oil prices. The production of electric vehicles requires an advanced semiconductor that needs high-performance silicone epitaxial wafer. In addition, silicon epitaxial wafers-based semiconductors can operate at higher temperature and voltage levels compared to traditional semiconductors, which makes them ideal for use in electric vehicles. Thus, these factors are expected to drive the growth of silicon epitaxial wafer market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Silicon Epitaxial Wafer Market Segmentation

By Type
  • Homoepitaxial Epitaxial Wafer
  • Heteroepitaxial Epitaxial Wafer
By Application
  • Power Electronics
  • MEMS-Based Devices
  • RF Electronics
  • Photonics
  • Others
By wafer size
  • 6 Inch
  • 8 Inch
  • 12 Inch
  • Others
By End User
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Aerospace and Defense
  • Others

Frequently Asked Questions

Silicon Epitaxial Wafer Market was valued at USD 3,295.6 million in 2022 and is expected to grow at a 4.5% CAGR from 2023 to 2029

The silicon epitaxial wafer market is segmented based on type, application, wafer size, end user, and geography.

The leading players in the global silicon epitaxial wafer market are Topsil Global Wafers A/S, Global Wafers Singapore Pt. Ltd., Jenoptik AG, Silicon Valley Microelectronics, NTT Advanced Technology Corporation, EpiGaN, SRI International, SweGaN AB, Sumco Corporation, Global Wafers Japan CO. Ltd, Siltronic AG, II-VI Incorporated.

Asia Pacific region is expected to have the Largest CAGR and anticipated to dominate the global silicon epitaxial wafer market over the forecast period.

  • Topsil Global Wafers A/S
  • Global Wafers Singapore Pt. Ltd.
  • Jenoptik AG
  • Silicon Valley Microelectronics
  • NTT Advanced Technology Corporation
  • EpiGaN
  • SRI International
  • SweGaN AB
  • Sumco Corporation
  • Global Wafers Japan CO. Ltd
  • Siltronic AG
  • II-VI Incorporated.