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Diamond Semiconductor Substrates Market - Forecast(2024 - 2030)
Diamond Semiconductor Substrates Market Overview
The Diamond Semiconductor Substrates Market size is projected to reach $10.1 million by 2028, growing at a CAGR of 24.3% from 2023 to 2028. High thermal conductivity, superior high-frequency handling capacity and high energy efficiency and flexibility are the major driving factors for the Diamond Semiconductor Substrates Market. Diamond semiconductor substrates improve the utilization of various electromagnetic spectra, improving the performance of military and defense cellular handsets and satellite and wireless technologies. Additionally, new emerging technologies in the Diamond Semiconductor Substrates Industry such as nanocrystalline diamond, polycrystalline diamond and GaN transistor, have reformed the diamond substrates market outlook. The hardness of these diamond substrates provides superior benefits and they are being readily used in consumer electronics, construction, healthcare and defense sectors. These aforementioned factors are positively influencing the Diamond Semiconductor Substrates Industry Outlook over the forecast period.
Report Coverage
The report: “Diamond Semiconductor Substrates Industry Outlook – Forecast (2023-2028)” by IndustryARC, covers an in-depth analysis of the following segments in the Diamond Semiconductor Substrates industry.
By Diamond Type: Single Crystal Diamond, Polycrystalline Diamond and Nanocrystalline Diamon.
By Thickness: less than 20µm, 20µm to 100µm, 100µm to 300µm and more than 300µm.
By Application: RF Power Amplifier, Radar Sensing Equipment, Wireless Infrastructure, Tactical Radios, Communications Satellite Equipment, Microwave and Millimeter Wave Circuits and Others.
By End-use Industry: Aerospace and Defense, IT and Telecommunication, Research and Development, Automotive, Healthcare and Others.
By Geography: North America (the U.S., Canada, Mexico), South America (Brazil, Argentina, Others), Europe (UK, Germany, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others) and RoW (Middle East, Africa).
Key Takeaways
- In the Diamond Semiconductor Substrates Market report, the polycrystalline diamond segment is analyzed to grow at a significant rate with a CAGR of 13.2% due to high demand across various industry verticals and unmatched physical, chemical and mechanical properties.
- The RF power amplifier application is expected to grow at the highest rate with a CAGR of 14.1% owing to factors such as intensive utilization in aerospace, defense, consumer electronics and other sectors.
- APAC region had the largest share with a market share of 41% in the Diamond Semiconductor Substrates Market size, owing to factors such as the increasing adoption of diamond substrates in high powers electronics applications and the presence of major manufacturers.
Diamond Semiconductor Substrates Market Value Share, By Region, 2021 (%)
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Diamond Semiconductor Substrates Market Segment Analysis - by Diamond Type
By Diamond Type, the polycrystalline diamond segment in the Diamond Semiconductor Substrates Market report is analyzed to grow with the highest CAGR of 13.2% during the forecast period 2023-2028. Increasing the use of synthetic diamond substrates such as polycrystalline diamonds across various industry verticals is a primary factor in increasing the polycrystalline diamond segment in the Diamond Substrates Market. Due to its unmatched physical, chemical and mechanical properties such as thermal conductivity, high electrical resistance, hardness and resistant to chemical corrosion, the demand for polycrystalline diamonds is constantly growing which in turn boosts the Diamond Semiconductor Substrates Market Size. For instance, in February 2020, Element Six successfully concluded its patent infringement action against ILA technologies for proprietary synthetic diamond production. These factors boost the Diamond Semiconductor Substrates industry over the forecast period.
Diamond Semiconductor Substrates Market Segment Analysis - by Application
Based on Application, the RF Power amplifier segment in the Diamond Semiconductor Substrates Market report is analyzed to grow at the highest CAGR of 14.1% during the forecast period 2023-2028. The intensive utilization of RF power amplifiers in military, aerospace, manufacturing and consumer electronics is considered as the major driver for the growth of the RF power amplifier segment in the Diamond Semiconductor Substrates Market. As diamond substrate components are capable of emitting five times radio energy in comparison to the previous technologies, the demand for diamond semiconductor substrates is constantly growing for RF power amplifier applications. For instance, in October 2021, MACOM announced its new high-speed laser portfolio, after the market-defining qualification test completion of Telcordia GR-468. These developments in the RF Power amplifier segment will further boost the Diamond Semiconductor Substrates Market.
Diamond Semiconductor Substrates Market Segment Analysis - by Geography
APAC dominated the global market for Diamond Semiconductor Substrates Market with a market share of 41% in 2021 and is also analyzed to have significant growth over the forecasting period. The demand in the region is attributed to the rising demand for modern electronic wafers as well as an increase in the adoption of diamond substrates in high-power electronics applications. In FY 2021, around US$ 31.2 billion worth of semiconductor chips were manufactured in China. The presence of major manufacturers and increasing developments in the semiconductor industry will increase the Diamond Substrates Market size in the APAC region.
Diamond Semiconductor Substrates Market Drivers
High Power 5G wireless segments create revenue opportunities for diamond substrates which contributes to the market growth
Diamond is sought after by manufacturers in the Diamond Semiconductor Substrates Market due to its excellent thermal conductivity, high power density, hardness and frequencies of up to 100GHz. With these benefits of diamond semiconductor substrates, stakeholders are unlocking new opportunities for a wide range of high-power applications, including 5G microcells, radars and high-power medical, scientific and industrial systems. For instance, in FY 2019, the UK government invested US$ 35 million in 7 5G research and development projects across the UK. These factors will positively influence the Diamond Substrates Industry Outlook over the forecast period.
High demand for diamond substrates-based HEMTs will drive the Diamond Semiconductor Substrates industry forward
The diamond substrate provides a wide bandgap, high electron mobility conductor that has proven to meet the performance requirements of High Electron Mobility Transistors devices. Furthermore, diamond substrates HEMTs reduce thermal resistance between heat sources and diamond reduces thermal constraints, giving the device designer more options to exploit the inherent characteristics. Diamond substrates HEMT can be reduced from 49m to 10m, resulting in a 5 times increase in power over Silicon substrates HEMTs. These factors are increasing the Diamond Substrates Market size.
Diamond Semiconductor Substrates Market Challenges
Specific Manufacturing techniques and lack of operational knowledge act as major restraints in the market growth
Diamond semiconductor substrate manufacturing is a complex process. Although several approaches have been developed, the majority of them require high temperatures and pressure. It also entails the use of additives, which can generate a lot of noise in some cases. These complicated procedures may cause companies to lose interest in the market. Additionally, the lack of operational knowledge on diamond semiconductor substrates and less availability of skilled workers also hampers the Diamond Substrates Market growth.
Diamond Semiconductor Substrates Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Diamond Semiconductor Substrates Market. The Diamond Semiconductor Substrates Markets top 10 companies include
- Blue Wave Semiconductor
- Advanced Diamond Technologies
- Fujitsu Laboratories Ltd.
- Coherent Corporation
- Crystallume
- Diamond Microwave Devices Limited
- Element Six
- IIa Technologies Pte. Ltd.
- Microwave Enterprises Ltd.
- Mitsubishi Electric
Recent Developments
- In September 2021, Element Six introduced DNV-B14, its newest general-purpose chemical vapor deposition quantum-grade diamond. This diamond semiconductor substrate is ideal for magnetic field devices, RF sensors, solid-state gyroscopes and room-temperature masers.
- In August 2020, Coherent Corporation announced the release of its L45 laser lapping system for processing super hard materials such as polycrystalline diamond, synthetic diamond and reaction-bonded ceramics. This is poised to increase the company’s share in the Diamond Semiconductor Substrates Market.
- In September 2019, Mitsubishi Electric collaborated with the National Institute of Advanced Industrial Science and Technology (AIST). This collaboration developed a high electron mobility transistor in a multi-cell structure bonded directly to a single-crystal diamond heat-dissipating substrate with high thermal conductivity. This is expected to increase the company’s share in the market.
1. Diamond Semiconductor Substrates Market - Market Overview
1.1 Definitions and Scope
2. Diamond Semiconductor Substrates Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by Application
2.3 Key trends segmented by Geography
3. Diamond Semiconductor Substrates Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking - Top 3 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis
4. Diamond Semiconductor Substrates Market – Market Entry Scenario Premium
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies (3 Case Studies)
4.4 Customer Analysis (5 Key Customers for Top 5 Companies)
5. Diamond Semiconductor Substrates Market – Startup Company Scenario
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis (3 Key Startups Analyzed)
6. Diamond Semiconductor Substrates Market - Market Forces
6.1 Market Drivers
6.2 Market Challenges
6.3 Porter's five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Diamond Semiconductor Substrates Market – By Strategic Analysis (Market Size - $Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle
7.4 Suppliers and Distributors
8. Diamond Semiconductor Substrates Market - By Diamond Type (Market Size -$Million/Billion)
8.1 Single Crystal Diamond
8.2 Polycrystalline Diamond
8.3 Nanocrystalline Diamond
9. Diamond Semiconductor Substrates Market - By Thickness (Market Size - $Million/Billion)
9.1 Less than 20µm
9.2 20µm to 100µm
9.3 100µm to 300µm
9.4 More than 300µm
10. Diamond Semiconductor Substrates Market - By Application (Market Size - $Million/Billion)
10.1 RF Power Amplifier
10.2 Radar Sensing Equipment
10.3 Wireless Infrastructure
10.4 Tactical Radios
10.5 Communications Satellite Equipment
10.6 Microwave and Millimeter Wave Circuits
10.7 Others
11. Diamond Semiconductor Substrates Market – By End-use Industry (Market Size - $Million/Billion)
11.1 Aerospace and Defense
11.2 IT and Telecommunication
11.3 Research and Development
11.4 Automotive
11.5 Healthcare
11.6 Others
12. Diamond Semiconductor Substrates Market – By Geography (Market Size - $Million/Billion)
12.1 North America
12.1.1 the US
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Chile
12.2.4 Columbia
12.2.5 Rest of South America
12.3 Europe
12.3.1 the UK
12.3.2 Spain
12.3.3 Italy
12.3.4 the Netherlands
12.3.5 France
12.3.6 Germany
12.3.7 Rest of Europe
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 Australia
12.4.4 India
12.4.5 Singapore
12.4.6 South Korea
12.4.7 Malaysia
12.4.8 Rest of APAC
12.5 Rest of the World
12.5.1 Africa
12.5.2 the Middle East
13. Diamond Semiconductor Substrates Market - Entropy
14. Diamond Semiconductor Substrates Market - Industry Competition Landscape
14.1 Market Share Global (10 Companies at Global Level)
14.2 Market Share by Region (5 Companies Per Region)
14.3 Market Share by Country (5 Companies per Country. Covering 10 Key Countries – the U.S., Canada, Brazil, Germany, France, UK, China, Japan, India, Middle East)
14.4 Market Share by Type/End-use Industry (5 Companies per Type)
14.5 Competition Matrix (Top 10 Global Companies)
15. Diamond Semiconductor Substrates Market- Key Company List by Country Premium
(Up to 5 Companies per Country for 10 Countries - the U.S., Canada, Brazil, Germany, France, UK, China, Japan, India, Middle East – Tentative: 50 Companies Subject to Availability)
16. Diamond Semiconductor Substrates Market Company Analysis (Market Overview, Product Portfolio, Revenue, Developments)
16.1 Blue Wave Semiconductor
16.2 Advanced Diamond Technologies
16.3 Fujitsu Laboratories Ltd.
16.4 Coherent Corporation
16.5 Crystallume
16.6 Diamond Microwave Devices Limited
16.7 Element Six
16.8 IIa Technologies Pte. Ltd.
16.9 Microwave Enterprises Ltd.
16.10 Mitsubishi Electric
* "Financials would be provided to private companies on a best-effort basis."
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