Does China drive the epitaxy equipment market?

The epitaxy equipment market, including MOCVD, HTCVD, and MBE, is key for power and optoelectronic applications. Yole announces a $1.1 billion market in 2026.

“We are at a crucial period of history where each device around us is becoming smarter, greener, and more compact.” asserts Vishnu Kumaresan, PhD., Technology & Market Analyst, Semiconductor Manufacturing at Yole Développement (Yole). He adds: “Even the excruciating COVID-19 situation has had nothing more than a positive impact on the semiconductor industry by only further accelerating technological innovation. In such an innovation race to add more functionalities into our everyday devices using the More-than-Moore approach, the PPAC factor is improved not only by scaling but also by using non-Si materials and by heterogeneously integrating them to one another”.

In this regard, the Si market segment, along with other market segments including non-classical substrates such as GaAs, GaN, SiC, and InP, is growing at significant CAGRs. However, the choice of these materials comes with stringent material quality requirements and hence necessitates ultra-pure thin films grown using epitaxy equipment.

As of 2020, epitaxy equipment sales for More-than-Moore applications amounted to around US$692 million and are expected to grow to US$1.1 billion by 2026, with a CAGR2020-2026 of 8%. However, these figures do not do justice to the vitality and omnipresence of the epitaxy step in mission-critical applications in market segments such as automotive (EV/HEV), consumer (smartphone, smartwatch, AR/VR), and aerospace & defense. It is further intriguing to realize that these complex epitaxy equipment systems used in HVM are supplied by only very few players, including some not very well known in the mainstream front-end market.

The market research and strategy consulting company, Yole releases today the Epitaxy Equipment for More than Moore 2021 report. With this new semiconductor manufacturing study, analysts present the status of the epitaxy equipment market and provide detailed information about different applications. The aim of Yole’s semiconductor manufacturing team is to deliver a comprehensive overview of the technological trends involving epitaxial layers. The report also gives a significant snapshot of the equipment vendors, the competitive landscape, and a deep exploration of supply-chain synergies by identifying key players in the epitaxy field.

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