Diamond Semiconductor Substrates Market: Global Industry Insights, Market Size Estimation and Growth Forecast, 2017 – 2025

Diamond Semiconductor Substrates Market - Introduction

The global diamond semiconductor substrates market is expected to experience high growth rate in coming years. Diamond semiconductor substrates market is segmented in terms of types, growth method, end-use and geography. Diamond semiconductor substrates are being manufactured mostly from synthetic diamonds.

At present, the applications of diamond semiconductor substrates are limited to very few industries. But the increasing demand for use of the substrates in electronic devices for harsh environments is considered crucial for the growth of this market.

These substrates offer several advantages, by utilizing the unique properties of diamonds, to the semiconductor industry. Applications of diamond semiconductor substrates are currently confined to very few industry verticals such as space, aerospace and military & defense. Rising application of diamond semiconductor substrates in electronic devices for harsh environments is acting as push factor for the market. Advancement in the field of manufacturing of these substrates has acted as catalyst for product innovation, price reduction and increasing application in various electronics.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By type, growth method, end use, region
Regional Scope North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Diamond semiconductor substrates are produced mostly by chemical vapor deposition (CVD). However, heteroepitaxial growth of these substrates is also being utilized by certain organizations. Both the processes have their own advantages and disadvantages. Single crystal synthetic diamonds are mostly used for the CVD process, while sparse use of polycrystalline diamonds is also seen. Companies such as Element Six and MTI Corporation utilize variations of CVD for manufacturing these substrates, whereas Namiki Precision Jewel Co., Ltd. Utilizes heteroepitaxial growth for manufacturing diamond semiconductor substrates. While diamond traditionally is a very good insulator, doping the diamond layer with other elements enables the diamond to act as a p or n-type semiconductor. This allows for conversion of an insulator to a conductor, whose conduction can be controlled.

 

Market Dynamics

Diamond based semiconductors are often being touted as the next revolution in semiconductor industry.

Applications of diamond semiconductor substrates in military & defense sector, Aerospace and space sectors have resulted in the growth of the market.

As of 2016, growth in demand for diamond semiconductor substrates is driven by factors including rising application in aerospace industry and military and defense sector, lowering of price of diamond semiconductor substrates and increasing application in telecommunications industry among others. Growth in application of diamond semiconductor substrates in military & defense sector impacted the growth of the market strongly. The growing application can be attributed to the inherent properties of these substrates such as resistance to higher temperatures and increased speed of the electronic devices among others.

Aerospace and space sectors have also been deploying electronics based on diamond substrates for the same advantages. Additionally, the heightened research and development (R&D) has led to several improvements in production process of these substrates, which in turn have led to significant decrease in price of these substrates. This has again positively impacted the growth of diamond semiconductor substrates market. However, despite price reduction, the silicon based substrates are available at a much lower price and hence these substrates have not yet been adopted for mainstream electronic devices. This has been restraining the growth of the market. As the demand for faster and efficient electronics grows further, diamond semiconductor substrates are expected to have huge demand, and hence it is expected to emerge as growth opportunity for the market during the forecast period 2017 to 2025.

 

Market Trends

In recent years, owing to the added advantages of diamond semiconductor substrates, there has been significant increase in application of these substrates in the telecommunication sector. Several research activities has shown promise on development of cost effective manufacturing of these substrates.

Due to the availability of raw materials, the proximity to customer base a considerable share of production for diamond semiconductor substrates is shifting to Asia-Pacific.

Advent of such process is expected to widen the application scope of these substrates. Due to proximity of customer base and availability of raw material, significant proportion of production base for diamond semiconductor substrates is shifting to Asia Pacific. In coming years, growth of diamond semiconductor substrates market in Asia Pacific will remain one of the fastest due to growth in semiconductor and electronics industry in the region. In terms of market structure, the consolidated nature of the market for diamond semiconductor substrates is expected to become fragmented at a fast pace.

 

Segmentation Overview

By types, the diamond semiconductor substrates market has been segmented into single crystal diamond and polycrystalline diamond. Single crystal diamond segment was the largest segment, by type, in 2016. By growth method, diamond semiconductor substrates market has been divided into high pressure, high temperature (HPHT) method, heteroepitaxial method, and others.In 2016, HPHT method held the largest market share owing to its wide industry acceptance and easier process flow. However, heteroepitaxial method is gaining fast growth rates as this process allows for manufacture of bigger sized substrates. By end-use, the market has been segmented into aerospace & space, military & defense, research and others.

By geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue and volume, North America held the largest share of the diamond semiconductor substrates market, followed by Europe. Growth of Asia Pacific diamond semiconductor substrates market is driven by growing number of local manufacturers of diamond semiconductor substrates. Asia Pacific is expected to become largest market for diamond semiconductor substrates by end of 2025.

Market Segmentation Overview
By Term Segments
By Type Single crystal diamond and polycrystalline diamond
By Growth Method High pressure, high temperature (HPHT) method, heteroepitaxial method and others
By End Use Aerospace & space, military & defense, research and others
By Region North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the diamond semiconductor substrates market are Element Six(Luxembourg), MTI Corporation (The U.S.), II-VI Incorporated(The U.S.), Namiki Precision Jewel Co., Ltd. (Japan), Excellent Diamond Products Corporation (Japan), Evince Technology Ltd. (The U.K.), AKHAN Semiconductor, Inc. (The U.S.), Micron Semiconductor, Ltd. (The U.K.), NeoCoat SA (Switzerland) and Torr Scientific, Ltd. (The U.K.). In Asia Pacific, there is growth in the number of local players that produce diamond semiconductor substrates and these companies can be expected to hold significant share of Asian market by 2025. Leading players such as Element Six and Namiki Precision Jewel Co., Ltd. focus on developing new technologies to retain market position and generate new revenue streams. As compared to Europe, Asia and North America, concentration of diamond semiconductor substrates producer is low in countries from South America and Middle East and Africa (MEA).

 

Conclusion

Considering the manufacturing process innovation, rising applications in end use industries and rise in demand for faster and better electronic devices, it has been estimated that the market for diamond semiconductor substrates is about to accelerate in coming years. Furthermore, lowering of price of these substrates is expected to drive the growth of the market. Due to conjoint impact of push factors, diamond semiconductor substrates market is estimated to experience significant growth during the forecast period.

KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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