Lucintel's latest market report analyzed that Epi wafer and chip technology provides attractive opportunities in the microelectronics, optoelectronics, and RF microwave applications. The Epi wafer and chip technology market is expected to reach $557.9 million by 2028 with a CAGR of 69.7%. In this market, gallium nitride (GaN) is the largest segment by material, whereas microelectronics is largest by application.
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Based on material, the Epi wafer and chip technology market is segmented into gallium, arsenic, gallium nitride (GaN), gallium arsenide (GaAs), indium phosphide gallium, arsenide (InGaAs), indium phosphide (InP), and others. The gallium nitride (GaN) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as these materials have wide bandgap compared to silicon and ensures higher switching frequency and higher thermal conductivity.
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The Epi Wafer and Chip Technology Market is marked by the presence of several big and small players. Some of the prominent players offering Epi wafer and chip technology include EpiWorks Inc., Global Wafers Japan Co, Intelligent Epitaxy Technology Inc, IQE PLC, Jenoptic AG, Nichia Corporation, and Siltronic AG.
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