Silicon EPI Wafer Market is expected to grow from US$ 3,008.57 million in 2022 to US$ 4,997.32 million by 2028, at an 8.8% CAGR

Silicon EPI wafer advancements provide electronics with reliable and highly efficient electrical interconnect solutions. In the consumer electronics and telecommunications sectors, the Silicon EPI Wafer Market has enormous potential. The increasing use of advanced wafer innovation in compact electronics drives the growth of the silicon EPI wafer market.

France, Germany, Russia, and the United Kingdom are the major contributors to Europe’s silicon EPI wafer market growth. In Europe, the European Commission (EU) proposed a wide range of policies to ensure supply security, resilience, and technological leadership in these countries’ semiconductor technology and applications. The European Chips Act will boost Europe’s competitiveness and resilience while also contributing to the digital and green revolutions. Recent global semiconductor shortages forced the closure of factories in a variety of industries, ranging from automobiles to medical devices. Automobile production, for example, is expected to fall by one-third in a few EU countries by 2021. This highlighted the semiconductor value chain’s over-reliance on a small number of industrial players in complex geopolitical situations around the world.

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On the other hand, the global economic downturn highlighted the importance of semiconductors to the European economy. The European Commission proposed a change to the directive in July 2021 as part of a package to implement the European Green Deal. It aims to add new measures to the existing building blocks established by the 2009 and 2018 directives in order to ensure that the entire potential for renewable energy production is used efficiently in order to meet the EU’s 2050 climate neutrality goal. As a result, governments around the world are launching new solar energy megaprojects, which are helping to drive the silicon EPI wafer market forward.

The silicon EPI wafer market is divided into end-user segments such as consumer electronics, automotive, healthcare, aerospace and defence, and others. Solar cells, manufacturing plants, and the telecommunications industry are among the other segments. In these industries, the type and size of EPI wafer used vary. The use of epitaxial wafers in the consumer electronics industry is rapidly increasing.

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