Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 329.1 Million | USD 768.61 Million | 11.30% | 2023 |
The global 8-inch single wafer SiC epitaxial reactor market size was worth around USD 329.1 million in 2023 and is predicted to grow to around USD 768.61 million by 2032, with a compound annual growth rate (CAGR) of roughly 11.30% between 2024 and 2032.
An 8-inch single-wafer silicon carbide (SiC) reactor is a specially designed machine used for the production of SiC wafers in the global semiconductor industry. The reactor is used for growing epitaxial layers of silicon carbide using the chemical vapor deposition (CVD) process on wafers.
The machine is essential for growing high-purity and high-quality layers of SiC on a substrate of the same material. It uses carbon sources such as halogenated hydrocarbons and propane during CVD while the doping level is managed to meet the electrical traits of SiC crystal lattices. Some of the commonly used 8-inch single-wafer SiC epitaxial reactors include EpiStride SiC CVD System and EPIREVO S8. During the forecast period, the 8-inch single wafer SiC epitaxial reactor industry is expected to deliver significant growth results driven by multiple factors.
For instance, the increasing applications in end-user verticals, along with the growing investments in semiconductor manufacturing, will fuel market growth expansion in the coming years. One of the key challenges faced by the global market is the requirement for high initial investment since semiconductor manufacturing is a resource-consuming process. Furthermore, growing volatility in the semiconductor fabrication market will also create growth barriers for the industry players.
Rising demand for SiC devices in the electric vehicles industry will drive market demand rate
The global 8-inch single wafer SiC epitaxial reactor market is expected to grow due to the rising demand for SiC devices in the electric vehicles (EV) industry. Market research indicates that in recent times, demand for silicon carbide wafers has increased due to the surging investments in the development of electric vehicles of all types, including passenger cars and commercial units.
SiC devices play a crucial role in powering several components of electric vehicles, such as drivetrain, inverters, and EV chargers. Furthermore, the quality of SiC components determines the energy efficiency of the vehicle as well as its long-term performance. In recent times, EV investments have soared to new heights driven by multiple factors.
For instance, the severe environmental impact of burning non-renewable fuels, such as petrol and diesel, has created a growth scope for EV companies. In addition to this, fuel prices have been consistently volatile in the last few years reaching an all-time high in 2024 in many countries. EV production rate has increased over time with massive support from favorable government policies.
In September 2024, Japan announced the launch of a new round of subsidies for electric vehicle producers totaling up to USD 2.44 billion. The country also plans to increase its battery production volume by 50% in the coming years. Similar statistics are observed worldwide including emerging nations such as India and China. Moreover, end-buyers have shown exceptional acceptance of electric vehicles due to the advantages offered by hybrid and 100% battery-powered vehicles.
Increasing the launch of new solutions in the market to promote the industry’s growth rate in the future
The global 8-inch single wafer SiC epitaxial reactor market is projected to benefit from the increasing launch of new solutions in the market. In September 2024, ASM International N.V. announced the launch of the PE2O8 silicon carbide epitaxy system at the 2024 International Conference on Silicon Carbide and Related Materials. It is a new, dual-chamber platform for producing SiC epitaxy and meets the current demands of advanced SiC power devices.
According to the company claims, the solution is the latest benchmark for other competitors offering high process uniformity and low defectivity. Furthermore, the company has managed to keep the cost as low as possible to reach more buyers.
High cost of research & development to limit the industry’s expansion rate in the future
The global 8-inch single wafer SiC epitaxial reactor industry is expected to be restricted by the high cost of research and innovation associated with the reactors. These machines employ some of the most advanced technologies for optimal performance.
In addition to this, the reactors are exposed to extreme conditions demanding the use of top-quality raw materials for manufacturing the reactors. The average cost of an 8-inch single wafer SiC epitaxial reactor can range between USD 3 million to USD 6 million depending on the final offerings.
Increasing expansion of the semiconductor industry to generate growth opportunities for the market players
The global 8-inch single wafer SiC epitaxial reactor market is expected to generate growth opportunities due to the rising expansion of the semiconductor industry worldwide. Currently, the majority of the basic and advanced semiconductors are exported from Asian countries with a specific focus on Taiwan.
However, with the ongoing geopolitical tensions between countries on an international scale, along with a higher focus on becoming self-reliant, major economies are witnessing a push in domestic production of semiconductors.
In September 2024, the Union Cabinet of India announced that it had accepted the proposal by Kaynes Semicon for setting up a new semiconductor plant in Gujarat state of the country. Once operational, the facility will become India’s 5th semiconductor manufacturing unit. It will be developed with an investment of USD 394 million according to official reports.
In January 2025, the US government awarded USD 285 million to the Semiconductor Research Corporation Manufacturing Consortium Corporation for developing a new CHIPS manufacturing facility in the US. The new institute will be known as SMART USA (Semiconductor Manufacturing and Advanced Research with Twins USA) and will be built with a total investment of USD 1 billion.
Risk of Intellectual Property (IP) theft and changing trading relationships will challenge market expansion
The global industry for 8-inch single wafer SiC epitaxial reactors is expected to be challenged by the growing risk of IP threat, especially since countries worldwide are seeking investment in the semiconductor manufacturing industry. In addition, the growing volatility in the trading relationships of economies worldwide can cause disruptions in the supply chain of raw materials or end goods further impacting the market.
Report Attributes | Report Details |
---|---|
Report Name | 8-inch Single Wafer SiC Epitaxial Reactor Market |
Market Size in 2023 | USD 329.1 Million |
Market Forecast in 2032 | USD 768.61 Million |
Growth Rate | CAGR of 11.30% |
Number of Pages | 211 |
Key Companies Covered | Tokyo Electron Limited (TEL), NuFlare Technology Inc., Centrotherm International AG, Shin-Etsu Chemical Co. Ltd., Veeco Instruments Inc., Advanced Micro-Fabrication Equipment Inc. (AMEC), NAURA Technology Group Co. Ltd., Jingsheng Mechanical & Electrical Co. Ltd., LPE (ASM Global Products), SemiCoreX, Epiluvac AB, CVD Equipment Corporation, AIXTRON SE, Linton Crystal Technologies, Applied Materials Inc., and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global 8-inch single wafer SiC epitaxial rector market is segmented based on type, application, and region.
Based on the type, the global market segments are type IV, type III, type II, and type I. In 2023, the highest demand was listed in the type III segment. These reactors are highly scalable and versatile offering cost-efficiency. Furthermore, they deliver the same rate of performance across external conditions including high pressure and temperature. In 2023m it dominated nearly 71% of the final revenue. Type 1 reactors are generally employed for manufacturing older generations of semiconductors.
Based on the application, the 8-inch single wafer SiC epitaxial reactor industry divisions are electric vehicles, network & telecommunications, power electronics, renewable energy, and others. In 2023, the highest demand was listed in the electric vehicles segment. The surging manufacturing rate of electric vehicles worldwide is fueling the segmental demand rate. The renewable energy sector will be fueled by the growing adoption of solar panels worldwide powered by SiC devices. In 2023, the global solar energy market was valued at more than USD 250 billion.
Asia-Pacific to emerge as the leading player during the forecast period
The global 8-inch single wafer SiC epitaxial rector market will be dominated by Asia-Pacific during the forecast period. Countries such as South Korea, Taiwan, and China are the leading regional market players. Taiwan, for instance, is known to export more than 90% of global advanced semiconductors to several countries. It is home to the world’s leading producer of semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC). The semiconductor manufacturing infrastructure of Taiwan is equipped to invest in consistent R&D and innovate new solutions as the end-user demand continues to evolve.
Furthermore, it caters to the semiconductor needs of major industries, such as automotive, aerospace, and consumer electronics. According to official reports, in January 2025, TSMC reported an increase of 33% in its 2024 revenue mainly influenced by growing investments in Artificial Intelligence.
Furthermore, the company plans to expand its presence to counter Chinese aggression in semiconductor research and development. India, on the other hand, is also witnessing increased government support for developing a domestic semiconductor manufacturing architecture that will create demand in the regional market for reactors.
The global 8-inch single wafer SiC epitaxial rector market is led by players like:
The global 8-inch single wafer SiC epitaxial rector market is segmented as follows:
By Type
By Application
By Region
FrequentlyAsked Questions
An 8-inch single wafer silicon carbide (SiC) reactor is a specially designed machine used for the production of SiC wafers in the global semiconductor industry.
The global 8-inch single wafer SiC epitaxial reactor market is expected to grow due to the rising demand for SiC devices in the electric vehicles (EV) industry.
According to study, the global 8-inch single wafer SiC epitaxial reactor market size was worth around USD 329.1 million in 2023 and is predicted to grow to around USD 768.61 million by 2032.
The CAGR value of the 8-inch single wafer SiC epitaxial rector market is expected to be around 11.30% during 2024-2032.
The global 8-inch single wafer SiC epitaxial rector market will be dominated by Asia-Pacific during the forecast period.
The global 8-inch single wafer SiC epitaxial rector market is led by players like Tokyo Electron Limited (TEL), NuFlare Technology, Inc., Centrotherm International AG, Shin-Etsu Chemical Co., Ltd., Veeco Instruments Inc., Advanced Micro-Fabrication Equipment Inc. (AMEC), NAURA Technology Group Co., Ltd., Jingsheng Mechanical & Electrical Co., Ltd., LPE (ASM Global Products), SemiCoreX, Epiluvac AB, CVD Equipment Corporation, AIXTRON SE, Linton Crystal Technologies and Applied Materials, Inc.
The report explores crucial aspects of the 8-inch single wafer SiC epitaxial rector market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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