The objective of this report is to describe the market trends and revenue forecasts for the diamond semiconductor substrates market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market.
It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
Diamond semiconductor substrates are produced mostly by chemical vapor deposition (CVD).
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.
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 2022.
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).
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.
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